CVX - Chevron Corporation

NYSE - NYSE Delayed price. Currency in USD
116.15
+1.56 (+1.36%)
At close: 4:04PM EDT
Stock chart is not supported by your current browser
Previous close114.59
Open115.69
Bid0.00 x 900
Ask0.00 x 800
Day's range115.36 - 117.03
52-week range100.22 - 127.34
Volume5,181,691
Avg. volume5,748,600
Market cap220.501B
Beta (3Y monthly)0.84
PE ratio (TTM)15.04
EPS (TTM)7.72
Earnings date1 Nov 2019
Forward dividend & yield4.76 (4.15%)
Ex-dividend date2019-08-16
1y target est137.75
Trade prices are not sourced from all markets
  • What Kind Of Shareholder Owns Most Chevron Corporation (NYSE:CVX) Stock?
    Simply Wall St.

    What Kind Of Shareholder Owns Most Chevron Corporation (NYSE:CVX) Stock?

    Every investor in Chevron Corporation (NYSE:CVX) should be aware of the most powerful shareholder groups. Institutions...

  • Oilprice.com

    Oil Jumps on Trade Hopes and Tanker Attack

    Oil prices rose on Friday on the back of some positive noises coming out of the trade war negotiations and reports that an Iranian oil tanker had been attacked

  • Will Chevron (CVX) Sell Its Stake in the ACG Oilfield to MOL?
    Zacks

    Will Chevron (CVX) Sell Its Stake in the ACG Oilfield to MOL?

    Chevron (CVX) is set to relinquish its interest in the giant Azerbaijan oilfield to MOL for a consideration of more than $2 billion.

  • Stocks - Roku, Slack Jump, as Oil Companies Gain Premarket
    Investing.com

    Stocks - Roku, Slack Jump, as Oil Companies Gain Premarket

    Investing.com - Stocks in focus in premarket trading on Friday:

  • Investing.com

    Stocks - U.S. Futures Jump on Trade Hope

    Investing.com - U.S. futures jumped on Friday after positive comments from U.S. President Donald Trump on trade talks helped boost sentiment.

  • Reuters

    UPDATE 1-Total will not participate in Brazil transfer of rights oil auction -CEO

    France's Total SA , the big winner in a Brazilian auction of offshore oil concessions on Thursday, said it will not participate in a bigger auction scheduled for Nov. 6 of the so-called Transfer of Rights area in Brazil's pre-salt region. The company's chief executive officer, Patrick Pouyanné, said in a statement that was because the competitive bidding rounds were for non-operating stakes. A consortium led by Total won the exploration and production rights for an offshore block near the pre-salt region on Thursday, agreeing to pay the government a signing bonus of 4 billion reais ($978 million).

  • Should Value Investors Consider Chevron (CVX) Stock Now?
    Zacks

    Should Value Investors Consider Chevron (CVX) Stock Now?

    Let's see if Chevron Corporation (CVX) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.

  • Reuters - UK Focus

    UPDATE 2-Nigeria seeks $62 bln from oil companies -attorney general

    Nigeria is seeking $62 billion from oil companies under regulations that allow the government to revisit revenue-sharing deals on petroleum sales if crude prices exceed $20 a barrel, the attorney general told Reuters on Thursday. The government in Africa's largest oil exporter relies on oil for some 90% of foreign exchange. Oil prices rose to more than $100 a barrel in 2014 before a sharp drop that triggered a 2016 recession in Nigeria, leaving the government struggling to fund its budgets.

  • Reuters

    UPDATE 3-Brazil raises $2.2 bln in oil auction; Total, Petronas invest big

    Ten companies on Thursday agreed to pay more than $2 billion for the exploration and production rights in 12 offshore oil blocks in Brazil, in what could be a promising sign for even bigger upcoming oil auctions. The most heavily sought after areas in the Thursday auction directly border Brazil's so-called pre-salt area, a coveted zone in which billions of barrels of oil are trapped under a thick layer of salt beneath the ocean floor. The biggest move came from a France's Total SA, which, in a consortium with Malaysia's Petronas and Qatar Petroleum, dropped 4.029 billion reais for one block abutting the pre-salt area.

  • Crude Prices Hold Steady After Mixed EIA Inventory Data
    Zacks

    Crude Prices Hold Steady After Mixed EIA Inventory Data

    The federal government's EIA report revealed that crude inventories rose by 2.9 million barrels, compared to the 2.4 million barrels increase that energy analysts had expected.

  • Chevron CEO Mike Wirth Bemoans California Home While Praising Texas
    Bloomberg

    Chevron CEO Mike Wirth Bemoans California Home While Praising Texas

    (Bloomberg) -- Chevron Corp. may be based in California, but Chief Executive Officer Mike Wirth had little praise for the state as he lauded the Texas business environment during an event in Houston on Wednesday.The Chevron boss hailed Texas’s resource base, its skilled workforce and overall business environment while criticizing policies back in the Golden State in a wide-ranging fireside chat at a gathering organized by the Greater Houston Partnership. He also committed Chevron to reducing flaring and methane emissions in the Permian Basin and vowed to increase diversity among the company’s senior leaders.“The policies in California have become pretty restrictive on a lot of business fronts, not just the environment,” Wirth said. “I don’t know there’s a better place in the world for us to do business than” Texas and the Gulf Coast.Chevron’s headquarters are in San Ramon, less than an hour’s drive from San Francisco, where its earliest predecessor, Pacific Coast Oil Co., was founded 140 years ago. Yet the company’s largest office is in Houston and a growing portion of its business is either located in, or controlled by, Texas. Almost 20% of Chevron’s year’s capital spending is allocated to the Permian Basin, the country’s largest oil patch.“The challenge for Texas is to continue to be a leader in energy development and set the standards high for the environment,” Wirth said.The state’s oil boom has attracted criticism from environmentalists for releasing greenhouse gases into the atmosphere at an alarming rate. Flaring and venting, or releasing methane into the atmosphere, has surged in the Permian Basin over the past decade as excess gas is produced as a waste product of oil. As much as 650 million cubic feet of gas is currently emitted in this way, triple the level of two years ago, due in part to a lack of pipelines, according to research firm Rystad Energy.Chevron has committed to zero routine flaring in the Permian, a goal that’s only achievable because of the slow, methodical way the oil giant entered the basin, Wirth said. “As we were going slow we were laying in place the foundation for gathering in the field, for transportation of all the commodities,” he said.Another key goal of his tenure is to improve diversity, especially increase the number of women in senior leadership positions, Wirth said. “We don’t get the best of the workforce if we only have a portion of the population to draw upon,” he said. Improving the environment for women and minorities is the “easiest business case to make,” he added.Chevron has begun hosting a series of workshops called Lean In Circles to discuss how the corporation can become more inclusive. The goal is for employees “to talk about things they don’t normally talk about at work,” Wirth said.Back in California, it’s not just the state’s energy policies that are bugging Wirth. About half a million homes and businesses in the north of the state lost power Wednesday as utility giant PG&E Corp. carried out a planned blackout. Wirth’s house was affected.“My home in California is without power today because the utility company hasn’t focused on the fundamentals,” he said, emphasizing the importance of a strong safety culture.The CEO’s comments prompted a suggestion from his interviewer at the event, Bobby Tudor, the founder of Houston-based investment bank Tudor Pickering Holt & Co. “If California ever decides they don’t want one of the world’s great oil companies, we will take you in Houston,” Tudor quipped.To contact the reporter on this story: Kevin Crowley in Houston at kcrowley1@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Carlos Caminada, Mike JeffersFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Which Energy Stocks Should You Consider Pre-Q3?
    Market Realist

    Which Energy Stocks Should You Consider Pre-Q3?

    Energy stocks are slumping due to falling equity markets and plunging oil prices. So far this month, the S&P; 500 Index has fallen 2.8%.

  • Hungary's MOL in talks for Chevron's $2 billion stake in giant Azeri oilfield: sources
    Reuters

    Hungary's MOL in talks for Chevron's $2 billion stake in giant Azeri oilfield: sources

    Hungarian energy firm MOL is in talks to acquire Chevron's stake in a giant oilfield in Azerbaijan for more than $2 billion, according to three banking and industry sources involved in the process. Both Chevron and its larger U.S. rival Exxon Mobil are seeking to sell their stakes in the BP-operated Azeri-Chirag-Gunashli (ACG) field in the Caspian Sea. This marks the retreat of the U.S. majors from the central Asian state after 25 years as they refocus on domestic production.

  • Oil Jumps as Rockets Rain on Turkey, Deepening Conflict Worries
    Bloomberg

    Oil Jumps as Rockets Rain on Turkey, Deepening Conflict Worries

    (Bloomberg) -- Oil climbed after simmering tensions between Turkey and Syria erupted into a shooting war, heightening geopolitical concerns on the edge of one of the world’s most important crude-producing regions. Futures rose as much as 2% in New York, halting two sessions of losses. A 2.93 million-barrel increase in U.S. crude inventories that exceeded the forecasts of more than 70% of analysts in a Bloomberg survey wasn’t enough to defuse the bullish momentum.Turkey formally announced the commencement of military intervention in Syria on Wednesday, just days after U.S. President Donald Trump said he wouldn’t stand in the way. That was followed within hours by a report that rockets fired from Syria struck a Turkish town.Oil prices had been on a downward trend after spiking in mid-September in the wake of attacks on Saudi Arabia’s energy industry. Signals that China might accept a limited deal with the U.S., as well as signs of a weakening dollar, were supportive to prices.West Texas Intermediate for November delivery rose 97 cents to $53.60 a barrel at 11:39 a.m. on the New York Mercantile Exchange.Brent for December settlement gained 95 cents to $59.19 on the London-based ICE Futures Europe Exchange. The global benchmark crude traded at a $5.63 premium to WTI for the same month.The Energy Information Administration on Wednesday reported that U.S. inventories of gasoline and diesel last week declined more than analysts in a Bloomberg survey expected. Crude stockpiles at the key storage hub in Cushing, Oklahoma, rose by 941,000 barrels.Meanwhile, the long-running U.S.-China trade deadlock appeared to thaw after Beijing indicated it’s open to reaching a partial trade deal with the U.S. The dispute has weighed on energy markets for months because it undermines global economic growth that dictates fuel demand.Two days of U.S.-China talks start Thursday in Washington. While negotiators aren’t optimistic about securing a broad agreement that would end the trade war, China would accept a partial deal as long as the Trump administration doesn’t impose any more tariffs, according to an official who asked not to be named because the discussions are private.\--With assistance from Elizabeth Low and Alex Longley.To contact the reporters on this story: Joe Carroll in Houston at jcarroll8@bloomberg.net;Sheela Tobben in New York at vtobben@bloomberg.netTo contact the editors responsible for this story: David Marino at dmarino4@bloomberg.net, Joe Carroll, Mike JeffersFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters - UK Focus

    Hungary's MOL in talks for Chevron's $2 bln stake in giant Azeri oilfield - sources

    Hungarian energy firm MOL is in talks to acquire Chevron's stake in a giant oilfield in Azerbaijan for more than $2 billion, according to three banking and industry sources involved in the process. Both Chevron and its larger U.S. rival Exxon Mobil are seeking to sell their stakes in the BP-operated Azeri-Chirag-Gunashli (ACG) field in the Caspian Sea.

  • TOTAL's New Solar Plant in Japan to Take Capacity to 100 MW
    Zacks

    TOTAL's New Solar Plant in Japan to Take Capacity to 100 MW

    TOTAL (TOT) announces that it is going to start the construction of 52 MW Miyagi Osato Solar Park. This is likely to further expand its renewable operations in Japan.

  • Reuters - UK Focus

    Angola seeks to reduce gas flaring to capture revenue

    Angola wants to cash in on the roughly 3 billion cubic feet per day of associated natural gas it produces, most of which is now flared, the petroleum minister said on Wednesday. The announcement of efforts to generate more revenues by reducing gas flaring comes as Africa's second largest crude producer faces a fall in output from its mature oil fields. "Over the years, Angola has somewhat neglected to capitalise on the natural resources that it has to offer," Mineral Resources and Petroleum Minister Diamantino Azevedo said in a brochure released at an African energy conference in Cape Town.

  • Reuters - UK Focus

    INSIGHT-Investors get lost in Big Oil's carbon accounting maze

    * Are oil groups responsible for emissions from fuel use? LONDON, Oct 9 (Reuters) - Wide variations in the way oil companies report their efforts to reduce carbon emissions make it difficult to assess the risk of holding their shares as the world shifts away from fossil fuels, senior fund managers say. Fund managers are also applying environmental, social and governance (ESG) criteria more widely in traditional investments to help them judge how companies will fare over the long term.

  • Trade Talks Loom Over Oil
    Oilprice.com

    Trade Talks Loom Over Oil

    Trade talks between China and the U.S. are about to recommence, and a combination of a weakening economy and an impeachment inquiry are likely to make Beijing’s stance aggressive

  • Oilprice.com

    Big Oil Shareholders Look To Cash In On Renewable Boom

    Easier access to debt is expected to fuel the renewables boom, and big oil’s shareholders are already looking forward to earnings from major bets on renewables

  • Conoco and Saudi Aramco Know What You Want
    Bloomberg

    Conoco and Saudi Aramco Know What You Want

    (Bloomberg Opinion) -- Discretion won't get you anywhere with oil investors these days. They want pledges, not plans.ConocoPhillips is bumping up its dividend by 38%. The company also issued guidance for buybacks next year of $3 billion, down from this year’s expected $3.5 billion. The dividend increase is roughly the size of that $500 million difference. It seems to be worth more, though: Conoco was one of only a few large-cap oil stocks to close up on Monday, adding about $1.7 billion of market cap relative to the sector.(1)Dividends, like stock buybacks, are technically discretionary, but boards are loath to cut them except in dire circumstances. Conoco has a history here, having come unstuck in early 2016 when oil prices troughed. Even after the latest raise, the new dividend is still 43% lower than back then. Buybacks have helped make up that gap in cash terms, albeit with something of an out if things turned sour again. So Conoco effectively taking $500 million from the prospective buyback column and putting it in the dividend pledge signals confidence in its ability to weather any storm – which isn’t nothing, given how ugly 2020 might be. Similarly, a certain ginormous national oil company with its eye on an IPO has gone all out to convince investors that future  dividends are as good as in their pockets. Saudi Arabian Oil Co. issued guidance last week of a “base dividend” of $75 billion in 2020, albeit “at the board's discretion.” As I wrote here, even Saudi Aramco’s prodigious profits may not necessarily cover that if Brent crude averages $60 rather than $70.As it turns out, Aramco’s website now hosts an updated presentation with a whole new slide on its “dividend prioritisation mechanism,” which is a fancy way of saying it will guarantee a minimum payment to minority shareholders for five years; like a temporary preferred stock. They would get a minimum of their pro-rata share of a $75 billion dividend regardless of whether Aramco actually paid that in total, while the government would just get their portion of whatever actual amount was declared. In other words, if investors end up buying 5% in an IPO, they would get a collective payout of at least $3.75 billion a year through 2024, come what may.The cost to the government in terms of potentially foregone payments looks negligible. Even if Aramco’s crude oil output averaged just 9.5 million barrels a day and Brent averaged just $55 a barrel, Riyadh would forego an aggregate $5 billion in payments spread across five years (using my numbers and assuming a 5% free float).Even so, the sudden switch from the “board’s discretion” to we’ll-pay-come-what-may is striking. It fits with the recently announced change in Aramco’s royalty rates, which effectively negate any gains for investors if oil spikes above $100 but boost the capacity to pay dividends at today’s levels. Aramco’s owner wants this IPO done at a high valuation and appears to recognize nobody’s buying oil companies today because of what oil might do in the future; rather, they’ll consider it if there’s a steady check guaranteed upfront.While oil companies compete in terms of free cash flow yields, they’re all fighting for attention in a stock market that has become largely indifferent to the sector. Conoco has actually been an exemplar of prioritizing payouts and cutting costs since 2016, yet its stock has languished so far this year. The dividend bump, coming a month before a strategy update, feels like an attempt to reset things, taking Conoco’s yield above 3% to a wider relative yield premium – or valuation discount – versus the market. French oil major Total SA also announced a dividend hike a couple of weeks ago, essentially promising to pay out every cent of an anticipated $5 billion increase in projected cash flows through 2025. Exxon Mobil Corp., meanwhile, continues its long track record of raising its dividend but finds its stock now yields north of 5% anyway, close to its highest levels ever since the merger with Mobil. That may reflect the long absence of buybacks, which, for this company, were once regarded as a given. However, it may have more to do with the fact that Exxon is effectively borrowing to pay its current dividend.Buybacks remain useful window displays for company management; certainly, Chevron Corp.’s resumption of them has helped put Exxon in the shade. Yet, as Dan Pickering, chief investment officer at Pickering Energy Partners, puts it: “A dividend is a promise and share repurchase is a goal.” Dividends offer a surer constraint on capex budgets and more of an obligation to pay out cash sooner rather than later in a sector grappling with intimations of mortality. Investor decks emphasize resilience against adversity rather than dangling the prospect of a windfall. Even Aramco has had to take the extraordinary step of guaranteeing a payout, which doesn’t exactly scream bullishness on oil.Markets are often said to be driven by just two emotions: fear and greed. The majors’ shifting payout priorities appear to be a perfect synthesis of the two.(1) Conoco's stock was up 2.1% versus the Energy Select Sector SPDR Fund's 0.9% decline.To contact the author of this story: Liam Denning at ldenning1@bloomberg.netTo contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Chevron (CVX) Dips More Than Broader Markets: What You Should Know
    Zacks

    Chevron (CVX) Dips More Than Broader Markets: What You Should Know

    Chevron (CVX) closed the most recent trading day at $113.26, moving -0.52% from the previous trading session.

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