CVX Jun 2021 70.000 put

OPR - OPR Delayed price. Currency in USD
7.00
-0.20 (-2.78%)
At close: 9:32AM EDT
Stock chart is not supported by your current browser
Previous close7.20
Open7.00
Bid6.45
Ask7.10
Strike70.00
Expiry date2021-06-18
Day's range7.00 - 7.00
Contract rangeN/A
Volume40
Open interest41
  • Oil Prices Slide As U.S.-China Tensions Return
    Oilprice.com

    Oil Prices Slide As U.S.-China Tensions Return

    The recent oil price rally appears to have stalled as tensions between the U.S. and China weigh on energy markets and the rebound in global demand appears to slow

  • Climate Crusaders vs. Big Oil: Who Will Win the Legal Row?
    Zacks

    Climate Crusaders vs. Big Oil: Who Will Win the Legal Row?

    Climate suits against Big Oil and other fossil fuel companies cruise to state court proceedings following Ninth Circuit's ruling.

  • United Natural Foods, Ralph Lauren, ExxonMobil and Chevron highlighted as Zacks Bull and Bear of the Day
    Zacks

    United Natural Foods, Ralph Lauren, ExxonMobil and Chevron highlighted as Zacks Bull and Bear of the Day

    United Natural Foods, Ralph Lauren, ExxonMobil and Chevron highlighted as Zacks Bull and Bear of the Day

  • Trump's China Fight Shows Covid-19 Hasn't Changed Oil's World
    Bloomberg

    Trump's China Fight Shows Covid-19 Hasn't Changed Oil's World

    (Bloomberg Opinion) -- The big question haunting oil is how much Covid-19 has changed the world. Will more people give up on commuting or, conversely, drive into work? Has air travel peaked for good? Have Londoners and Angelenos  been spoiled by a few haze-free months?Judging from the past week, though, maybe oil’s real problem is the world hasn’t changed enough.Last year, the big challenge confronting oil demand was the trade war. This eased somewhat in January with the “phase one” agreement committing China to buy more U.S. exports, including extra freedom molecules of energy. Even then, however, most of President Donald Trump’s tariffs were left in place, and sensitive issues such as Chinese subsidies were deferred. It was more ceasefire than treaty.The guns are silent no longer. China’s decision to effectively lop off the second half of Hong Kong’s “one country, two systems” rubric was met with Secretary of State Michael Pompeo’s announcement the U.S. would take Beijing at its word. No longer recognized as autonomous, Hong Kong’s trade could be hit with tariffs, and the U.S. could even impose sanctions.More importantly, this is a tangible breach after months of escalating tension, with tit-for-tat expulsions of journalists and Trump even floating the idea of China being “knowingly responsible” in the spread of Covid-19. The phase one agreement, meanwhile, was off to a slow start, with China taking just $14.4 billion of goods listed under the deal in the first quarter, versus the $34 billion implied by the targets, according to Bloomberg Economics.With November looming, and his presidency tainted by America’s Covid-19 death toll and joblessness, Trump may well have decided China makes a better pandemic scapegoat than economic buttress. But antipathy to Beijing extends beyond the president. In the same week Pompeo opened the door to sanctions over Hong Kong, the Democratic-controlled House voted almost unanimously to  authorize sanctions against China for human-rights abuses against the country’s Uighur minority. For reasons extending back much further than the existence of the Chinese Communist Party, such prods into the country’s internal affairs will touch a nerve, potentially escalating a trade dispute into broader great-power rivalry.The unraveling of free trade has been apparent since at least the 2016 presidential campaign. As I wrote here a few years ago, this is particularly pernicious for an oil market built on the back of globalization and U.S. security guarantees.Far from provoking mass kumbaya in the face of a common enemy, Covid-19 elicited a more Darwinian response, even between supposedly united states. Besides attempts to tattoo a flag on the virus, its arrival threw a spotlight on countries’ vulnerability to shortages of imported medical supplies, providing fodder for economic nationalists seeking re-shoring and a general shortening of supply chains. Fragmentation means friction, which tends to suppress growth over time. In projections published last year, BP Plc ran a “less globalization” case that took a hefty chunk out of forecast oil and natural gas demand; in the latter case, even more than for a scenario of quicker de-carbonization.The world also hasn’t changed as much as it might seem when it comes to oil supply, either. The coronavirus world tour coincided with the breakdown of Saudi-Russia cooperation on production cuts — and then facilitated a rapid rapprochement as oil prices headed toward negative territory. The swinging supply cuts forced on OPEC+ members, along with signs of congestion resuming in Chinese cities especially, helped drag oil back into the $30s this month.But the underlying dynamics haven’t changed altogether. Russia has implemented big cuts but is reportedly keen to start unwinding these sooner rather than later. As when it broke with OPEC+ in March, Moscow is done ceding market share to U.S. frackers. The latter have cut production very quickly, but their instinct to get rigs and crews back to work remains strong. Holding them in check are low prices, particularly for longer-dated futures, weighed down by the glut of physical oil and spare OPEC+ capacity that’s built up over the past couple of months. Shale does at last seem poised for rationalization. However, supply’s defining characteristics of the past four years — excess inventory and OPEC+ versus shale competition — are for now accentuated rather than altered.Similarly, the International Energy Agency’s latest investment report, which dropped this week, was consumed with Covid-19 yet trod familiar ground. This showed the theme of excess supply extending into refining, where too much capacity was opening even before the pandemic showed up.Above all, that other force of nature confronting energy markets, climate change, pervaded the discussion. If anything, the pandemic is a reminder of why we should be tackling that threat head-on. Covid-19 has both spotlighted the risk and, if stimulus efforts are shaped properly, may catalyze a response. With uncanny timing, at Chevron Corp.’s (virtual) shareholder meeting this week, the only measure where a majority of investors voted against the board concerned aligning the oil major’s lobbying with efforts to address climate change.There is still so much we don’t know about the lasting impacts of Covid-19 or, indeed, the workings of the virus itself. One thing that seems clear, however, is its tendency to magnify pre-existing conditions. For oil, those were excess supply, fraying globalization and a looming climate emergency.This 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/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • 4 Stocks to Watch as Dow Breezes Past 25,000 Points
    Zacks

    4 Stocks to Watch as Dow Breezes Past 25,000 Points

    Dow Jones' journey past 25,000 points this week could mark the beginning of a series of gains ahead, owing to some major tailwinds.

  • The Zacks Analyst Blog Highlights: Apple, Exxon Mobil, Cisco System and Chevron
    Zacks

    The Zacks Analyst Blog Highlights: Apple, Exxon Mobil, Cisco System and Chevron

    The Zacks Analyst Blog Highlights: Apple, Exxon Mobil, Cisco System and Chevron

  • Forget Oil Prices, It's Time to Buy ExxonMobil and Chevron
    Zacks

    Forget Oil Prices, It's Time to Buy ExxonMobil and Chevron

    With their fully integrated models, ExxonMobil (XOM) and Chevron (CVX) are the ones that are best in adapting their business to the prevailing scenario.

  • Bloomberg

    Chevron’s Investors Defy Board in Demanding Climate Disclosures

    (Bloomberg) -- In a rare move against Chevron Corp.’s board, shareholders of the U.S. oil giant are calling on the company to disclose lobbying efforts and ensure that they support international goals to combat global warming.The proposal was the only one where a majority of Chevron’s investors diverged from the board’s recommendations in an annual meeting held virtually Wednesday. The matter was brought by BNP Paribas Asset Management, which has stepped up efforts in recent years to help further the international Paris Agreement on climate change. BlackRock Inc., Chevron’s second-biggest shareholder, also backed the measure.The vote comes as the world’s oil giants are already reeling over a pandemic-fueled market rout, while also facing increasing pressure to curb greenhouse-gas emissions and contribute more to the fight against climate change.U.S. oil majors Chevron and Exxon Mobil Corp. have noticeably lagged behind their European counterparts in making carbon-cutting pledges. BP Plc and Royal Dutch Shell Plc have both committed to becoming carbon neutral by 2050 -- a move that Chevron’s chief recently called “aspirational” and Exxon’s described as nothing more than a “beauty competition.”Though America’s two biggest oil companies say they support the goals of the Paris accord, some investors want reassurance that they’re not funding trade organizations that promote policies to the contrary.“Climate issues are so central to the work of these organizations that it’s hard not to be concerned that there’s the potential for misalignment,” said Jonathan Bailey, head of ESG investing at Neuberger Berman, which voted for the proposal. “This will also help accelerate clearer activities from the organizations they support.”Chevron’s board had recommended investors vote against the proposal, saying that it already made transparent disclosures of its lobbying activities. The defeat -- with a preliminary count showing 53% of investors voting in favor of the proposal -- means Chevron will be required for the first time to issue a report detailing how those activities align or not with climate goals.The result “is a real rebuke to Chevron and a wake-up call to the board,” said Kathy Mulvey, a campaign director at the Union of Concerned Scientists. “Companies must back up their statements with consistent action.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Exclusive: Chevron to cut up to 15% of staff amid restructuring
    Reuters

    Exclusive: Chevron to cut up to 15% of staff amid restructuring

    The oil producer previously disclosed a 30% reduction in its 2020 spending and some voluntary job cuts amid this year's sharp drop in oil prices and lower demand for oil and gas due to the COVID-19 pandemic. Chevron has been widely seen as the standard bearer of financial discipline in the oil industry and was among the first to make significant budget cuts as oil demand plummeted. Last year, it abandoned a takeover bid for Anadarko Petroleum Corp rather than get into a bidding war with Occidental Petroleum Corp <OXY.N>.

  • Business Wire

    Chevron Discusses Business Operations at Annual Stockholders Meeting

    Chevron Corporation (NYSE: CVX) today provided an overview of the company’s work to respond to the COVID-19 pandemic at its 2020 annual meeting of stockholders. This year’s meeting was virtual in place of an in-person event due to safety concerns related to the pandemic.

  • Top Analyst Reports for Alibaba, Chevron & Shopify
    Zacks

    Top Analyst Reports for Alibaba, Chevron & Shopify

    Top Analyst Reports for Alibaba, Chevron & Shopify

  • Is The Market Rewarding Chevron Corporation (NYSE:CVX) With A Negative Sentiment As A Result Of Its Mixed Fundamentals?
    Simply Wall St.

    Is The Market Rewarding Chevron Corporation (NYSE:CVX) With A Negative Sentiment As A Result Of Its Mixed Fundamentals?

    With its stock down 7.9% over the past three months, it is easy to disregard Chevron (NYSE:CVX). It is possible that...

  • Investing.com

    Crude Oil Higher as Producers Cut Output and Demand Rises

    Investing.com - Oil prices pushed higher Tuesday, amid signs producers are making good their promises to cut crude supply while demand picks up.

  • Oilprice.com

    Which Oil Major Is Best Prepared For The Future?

    Oil majors are forced to prepare for a challenging future, but the ways in which they position themselves are quite different

  • 3 Top Stocks that Are Cash Cows
    Motley Fool

    3 Top Stocks that Are Cash Cows

    Looking for big dividends that look like they'll survive the COVID-19 crisis in stride? This trio of stocks should be on your short list.

  • Get Paid While You Wait: 3 Top Dividend Stocks in Energy
    Motley Fool

    Get Paid While You Wait: 3 Top Dividend Stocks in Energy

    The energy sector is dealing with an unprecedented shock, but that is opening up interesting opportunities for long-term investors.

  • Is Chevron a Buy?
    Motley Fool

    Is Chevron a Buy?

    It also sounds like integrated oil major Chevron (NYSE: CVX). Chevron is the second-largest energy company in the world by market cap, surpassed only by its fellow U.S. oil juggernaut ExxonMobil (NYSE: XOM). Let's take a closer look at Chevron to see whether it's a buy.

  • 3 High-Yield Dividend Stocks I'd Buy Right Now
    Motley Fool

    3 High-Yield Dividend Stocks I'd Buy Right Now

    Three that I own and plan to buy more of are AT&T (NYSE: T), STORE Capital (NYSE: STOR), and Chevron (NYSE: CVX). If ever there was an imperfect telecommunications stock, it would be AT&T. In fact, some flaws could be considered major grievances. Shifting away from its bread-and-butter mobile network service, the company racked up massive debt purchasing DirecTV in 2015 and Time Warner in 2018, leaving it with a heaping $164 billion in long-term liabilities at the end of its first quarter of 2020.

  • The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, National Oilwell Varco, HollyFrontier and Halliburton
    Zacks

    The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, National Oilwell Varco, HollyFrontier and Halliburton

    The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, National Oilwell Varco, HollyFrontier and Halliburton

  • 4 Top Oil Stocks to Buy Right Now
    Motley Fool

    4 Top Oil Stocks to Buy Right Now

    Oil prices have gone on a wild ride this year, taking most oil stocks with them. Crude, however, seems to have found its bottom and has recovered quite a bit of ground over the past month. That's leading many investors to consider buying oil stocks for the next leg of the rebound.

  • America's Fossil Fuel or Europe's Bet on Low Carbon Future?
    Zacks

    America's Fossil Fuel or Europe's Bet on Low Carbon Future?

    The coronavirus pandemic has indelibly impacted the global energy sector. Although the demand for oil has noticeably dropped and prices have plunged, the pace of shift to renewable energy from fossil fuel is still uncertain.

  • Angola's oil exploration evaporates as COVID-19 overshadows historic reforms
    Reuters

    Angola's oil exploration evaporates as COVID-19 overshadows historic reforms

    The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it has brought oil drilling to a halt in Angola, Africa's second-largest oil producer. The consequences could be grave for a poor country that relies heavily on oil revenues and is saddled with debts that exceed its economic output. The halt in oil exploration, which has not been previously reported, could represent a setback for one of the most ambitious economic reform drives on the continent, aimed at cleaning up corruption and attracting foreign money.

  • Exclusive: Exxon revives sale of stake in giant Azeri oilfield
    Reuters

    Exclusive: Exxon revives sale of stake in giant Azeri oilfield

    Exxon Mobil has relaunched the sale of its stake in Azerbaijan's largest oilfield, the company said on Tuesday, as banking and industry sources said the move was drawing interest from large Asian oil and gas companies seeking to capitalize on the recent collapse in oil prices. The top U.S. oil and gas company first tried to sell its 6.8% stake in the Azeri-Chirag-Gunashli (ACG) field in the Caspian Sea in 2018, as rival Chevron launched the sale of its own 9.57% stake in the field.

  • Zacks

    Dow, S&P Jump Over 3% on Encouraging Vaccine Data

    Dow, S&P; Jump Over 3% on Encouraging Vaccine Data

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