Chevron Corp

Stocks are in an uptrend when they’re making higher highs and higher lows. An uptrend forms when psychological or fundamental factors are improving.

It’s advisable to sell stocks on bounces when the stock is in a downtrend. In a sideways trend, it’s advisable to buy stock at support levels and sell at resistance levels.

Currently, Chevron stock trades at 18.5x its 2019 forward EPS and at 17.2x its 2020 forward EPS. The stock is higher than most of its peers.

ExxonMobil stock and oil prices have a strong correlation. The one-year correlation coefficient between the stock and WTI crude oil prices stood at 0.54.

CVX is headquartered in San Ramon, California. It’s an energy company that engages in oil and gas exploration, production, refining, marketing, and transportation of oil and gas.

On October 27, ONEOK Partners (OKS) announced that it agreed to acquire Chevron Corporation’s (CVX) natural gas liquids (or NGLs) pipeline assets.

U.S. crude oil refinery inputs averaged 15.2 million barrels per day during the week ending October 17. Input levels were 113,000 bpd less than the previous week’s average.

Let’s take a look at the countries that own the most proven oil reserves and see why that matters for investors. You might find some surprises!

Every week, the U.S. Energy Information Administration (or EIA) reports figures on crude inventories, or the amount of crude oil stored in facilities across the United States.

High market share gives OPEC bargaining power to price oil above a competitive market. It can sway crude oil prices by increasing or decreasing production.

Crude oil prices have been on a roller coaster ride in 2014. This series will help crude oil investors recognize key factors that are impacting oil prices.

The US dollar plays a major role in the price movements of commodities such as gold and crude oil. A strengthening US dollar is often seen as negative.

The common factor during an economic crisis is that economic growth slows down. Demand declines, which has a negative impact on oil prices.

Respite for Huawei is big news for tech stocks, but China’s facing other problems. Plus, one company’s fight for survival and much more.

AT&T stock is prospering, while Netflix’s problems could be rising. We also have the latest earnings including U.S. Steel and Chevron today.

Chevron stock (XOM) closely relates to oil prices, so investors sometimes use this highly liquid, well-regarded stock as a trading vehicle for oil.

QE is an unconventional form of monetary easing—the Fed’s way of putting in more money into circulation in the economy.

The total refiners capacity in the US is around 18.8 million barrels per calendar day. The refinery utilization rate in 2018 was 93%.

US crude oil production has more than doubled since 2009 and grew by 1.1% over the last year. Currently, there are 133 operable refineries in the US.

Leading energy stocks like ExxonMobil (XOM) and Chevron (CVX) are facing bleak business conditions. Oil prices have been weaker in the third quarter.

Integrated oil companies ExxonMobil and Chevron have strong upstream portfolios, which play a vital role in determining their profitabilities.

BP (BP) stock rose 3.9% on Monday due to higher oil prices. The drone attack on Saudi Arabia’s oilfield increased WTI crude oil by about 13%.

The Dow Jones Industrial Average Index has fallen 0.4% or by 115 points today. The index is trading lower after rising for eight consecutive trading sessions.

Autonomous ride-sharing and robotaxi startup Voyage has raised about $31 million in the Series B round, according to its press release.

To understand the US energy sector, it’s essential first to understand the country’s energy needs. The US uses various energy sources to meet its energy needs.

ExxonMobil and Chevron slumped 7.9% and 4.9%, respectively, in August. The stocks took a beating due to weaker markets and tumbling crude oil prices.

The recent slump in energy stocks provides investors with an opportunity to invest in well-placed stocks. Shell looks like an attractive investment option.

Although the US doesn’t export much crude oil to China, the additional supply of cheap Iranian oil could pressure both Brent and WTI crude prices.

ExxonMobil’s (XOM) earnings fell in the second quarter. After the earnings, JPMorgan Chase cut its target price on ExxonMobil stock from $85 to $83.

BP (BP) reported its second-quarter results today. Its earnings per American depositary share of $0.84 beat analysts’ estimate by about 7%.

Total SA stock fell 0.9% on Thursday—its earnings release day. The stock was impacted by a 20% YoY fall in its earnings.

Suncor Energy (SU) posted its second-quarter earnings results on July 24. In the quarter, its revenue missed Wall Street’s estimate by 4%.

Institutional ownership in ExxonMobil and BP stands at ~56% and ~12%, respectively.

Several factors contributed to the rising crude oil exports in 2018.

Chevron (CVX) released its first-quarter earnings on April 26. The company paid $2.2 billion in dividends in the first quarter.

Chevron (CVX) has agreed to acquire Anadarko (APC) in a cash and equity deal.

In the first quarter so far, integrated energy stocks ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) have risen due to the rise in oil prices.

Chevron (CVX) is expected to post its third-quarter results on November 2. Chevron is expected to post an EPS of $2.1 in the third quarter.

Before we proceed with Chevron’s (CVX) second-quarter segmental outlook, let’s briefly look at its first-quarter segmental performance.

In this series, we’ll look at eight integrated energy stocks and rank them on dividend yields. Royal Dutch Shell (RDS.A) holds the top spot.

From the presidential election in November 2016 through August 2017, the energy sector saw its worst time.

BP (BP) is now trading at a forward PE (price-to-earnings ratio) of 16.6x, above its peer average of 16.5x.

In the EIA’s STEO report, it predicted that the Henry Hub natural gas benchmark price would average $3.12 per MMBtu in 2018.

Business segments KBR’s (KBR) business is classified into three core segments (government services, technology and consulting, and engineering and construction) and two non-core segments (non-strategic business and other business). Government services The government service segment’s primary focus is providing support solutions to US, UK, and Australian government agencies. According to KBR’s Form 10-K, the segment offers “full […]

Primary subsidiaries Previously, we discussed various acquisitions completed by KBR (KBR). Let’s now take a look at some of KBR’s subsidiaries and how they fit into the big picture for the company. Energy and construction Granherne, a KBR technology and engineering subsidiary, operates in the oil and gas industry. Granherne provides front-end engineering and design services […]

According to a report released by IHS Markit, Permian investments are expected to increase from $8 billion in 2016 to more than $41 billion in 2021.

Donald Trump’s promises of financial deregulation, infrastructure spending, and tax cuts played a major role in the stock market rally this year.

The US Dollar Index fell 0.1% to 91.97 on September 22, 2017. However, the US dollar rose 0.7% on September 20, 2017, after the FOMC’s meeting.

Chevron’s (CVX) total sales and other operating revenues for 2016 fell 15.0% due to volatility in commodity prices.

ExxonMobil’s (XOM) story is similar to Chevron’s. The company’s sales and other operating revenue for 2016 fell 16.0%.