|Bid||0.00 x 1800|
|Ask||122.29 x 1200|
|Day's range||121.22 - 124.76|
|52-week range||102.55 - 133.88|
|PE ratio (TTM)||25.19|
|Forward dividend & yield||4.48 (3.58%)|
|1y target est||N/A|
BOGOTA, Colombia (AP) — Venezuela's former oil czar said crude production in the OPEC nation will continue to plummet in the aftermath of President Nicolas Maduro's re-election, as the embattled socialist leader takes the country down an increasingly authoritarian path that scares off private investment and leads to more international sanctions against his government.
Investors can blame the Dow Jones Industrial Average's decline Friday on two stocks, those of Chevron Corp. and Exxon Mobil Corp. , which are shaving a combined 36 points off the Dow as oil prices sink. Chevron shares were the Dow's biggest losers, as they shed 3.0%, with the price decline of $3.84 taking about 26 points off the Dow. Exxon's stock slumped $1.45, or 1.8%, to reduce the Dow's price by about 10 points.
Previously, we reviewed BP’s (BP) dividend yield, which has fallen to 5.1%. In this part, we’ll look at which institutions bought or sold BP in the first quarter based on the latest 13-F filings.
Check the Stock Market Today column to spot changes in market trend and track the best stocks to buy and watch.
Previously in this series, we’ve examined BP’s (BP) stock price, moving average trends, and implied volatility. In this part, we’ll look at BP’s dividend trends.
Attorneys for the cities of Oakland and San Francisco and Chevron Corp. have homework from Judge William Alsup: prepare 10-page legal analyses on whether a century of American dependence on fossil fuels was worth the global warming it caused. The filings will follow almost three-hours of proceedings on Thursday in a San Francisco federal court, where the cities and the world’s biggest oil companies sparred over lawsuits seeking payment for infrastructure to protect against rising sea levels. Alsup, who’s weighing a dismissal bid by defendants including Chevron and four other companies, focused many of his questions on the “broader sweep of history,” and the crucial role oil played in America’s successes in both world wars and its subsequent economic boom.
Zacks Market Edge Highlights: Anadarko, WildHorse Resource, Lonestar, Pioneer Natural and Chevron
Could Chevron Be Positioned for Growth? In this series, we’ve looked at analyst ratings and target prices for Chevron (CVX) and analyzed the company’s debt and cash flow position to determine its future outlook. In Q1 2018, Chevron’s downstream earnings fell, contributing less to its total earnings due to narrower margins and lower throughputs.
Chevron (CVX) has upstream assets around the globe. CVX expects its production volumes to grow 4%–7% YoY (year-over-year) this year. In the first quarter, Chevron’s worldwide production rose 6.6% to 2.9 MMboepd (million barrel of oil equivalent per day). In comparison, in the first quarter, ExxonMobil (XOM) produced 3.9 MMboepd, and Royal Dutch Shell (RDS.A) and BP (BP) produced 3.8 MMboepd and 2.6 MMboepd, respectively.
Chevron’s (CVX) earnings improved YoY (year-over-year) in the first quarter. Its overall adjusted earnings rose YoY from $2.3 billion to $3.6 billion, and upstream’s contribution rose from 51% to 92%. Contrarily, downstream’s contribution fell from 42% to 20%, and other activities dented earnings by 12%. Higher oil prices changed the company’s earnings mix. In this part, we’ll look at CVX’s upstream and downstream performance in the first quarter.
Could Chevron Be Positioned for Growth? Chevron’s (CVX) capex is primarily focused on the upstream segment. In the first quarter, 88% of Chevron’s capex was in the upstream segment, 11% was in the downstream segment, and 1% in other activities.
Chevron’s (CVX) net debt-to-adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) ratio was 1.3x in the first quarter, below the average industry ratio of 1.6x. The industry average takes into account 13 integrated energy companies worldwide.
Could Chevron Be Positioned for Growth? CVX’s cash outflow from investing rose to $2.9 billion from $1.5 billion. Its cash outflow from financing stood at $0.6 billion due to net debt inflow. In the first quarter, Chevron generated $5.0 billion in cash from operations but had a cash outflow of $3.0 billion in the form of capital expenditure and $2.1 billion in the form of dividends, totaling $5.1 billion of cash outflow and resulting in a $0.1 billion cash flow difference.
How Are XOM, CVX, Shell, and BP Trending in Q2 2018? Previously, we reviewed the changes in integrated energy stocks’ short interest. In this article, we’ll compare the forward valuations of integrated energy stocks ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP).
In the previous article, we analyzed institutional holdings in integrated energy stocks. In this article, we’ll consider changes in short interest.
Institutional ownership in ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) stands at various levels ranging from 12% to 67%.
ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) have paid dividends regularly in the past few years. Before we look at their dividend yield trends, let’s look at their dividend payments in the second quarter.
Energy stocks’ implied volatilities have declined in the second quarter. Chevron (CVX) saw the highest fall in its implied volatility compared to peers BP (BP), ExxonMobil (XOM), and Royal Dutch Shell (RDS.A).
Glencore Plc is close to a $1 billion deal to buy Chevron Corp.’s southern African assets, potentially scuppering an earlier agreement with China Petroleum & Chemical Corp., according to three people familiar with the matter. The assets include a 100,000 barrel-a-day refinery in Cape Town and more than 800 gas stations in South Africa and neighboring Botswana. Chevron agreed last year to sell its 75 percent holding in the southern African business to the Chinese group known as Sinopec.
In the second quarter so far, integrated energy stocks ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) have risen due to higher oil prices and stronger markets.
How Are XOM, CVX, Shell, and BP Trending in Q2 2018? In the previous article, we evaluated ExxonMobil’s (XOM), Chevron’s (CVX), Royal Dutch Shell’s (RDS.A), and BP’s (BP) stock performances. Now let’s see if the correlation coefficients show the same pattern.