|Bid||115.92 x 400|
|Ask||115.93 x 300|
|Day's range||115.32 - 116.78|
|52-week range||102.55 - 120.89|
|PE ratio (TTM)||37.63|
|Earnings date||25 Jan 2018 - 29 Jan 2018|
|Forward dividend & yield||4.32 (3.77%)|
|1y target est||124.18|
CARACAS/HOUSTON (Reuters) - Venezuela's state-run PDVSA is siphoning oil from its cash-paying joint ventures with foreign firms to feed its domestic refineries, two sources close to the matter told Reuters, at a time when late debt payments have triggered defaults. PDVSA asked its Petropiar joint venture with Chevron Corp (CVX.N) to turn over as much as 45 percent of the oil it planned to export in November with no immediate reimbursement, one of the sources said this month.
The Norwegian sovereign wealth fund's proposal to ditch its oil and gas shares, though hugely symbolic in the battle against climate change, is unlikely to cause a rush to the exit by major investors in the sector in the short term. The move by the $1 trillion fund, the world's largest, rattled stock markets, exposing what is seen as one of the biggest threats to companies such as Royal Dutch Shell, Exxon Mobil and BP as the world shifts towards renewable energy such as wind and solar. The European oil and gas index (.SXEP) fell on Friday to its lowest since late September, extending declines following the Norwegian fund's announcement.
North Carolina's two Republican senators say they oppose President Donald Trump's pick to oversee chemical safety at the Environmental Protection Agency, putting Michael L. Dourson's nomination at serious ...
The Norwegian sovereign wealth fund's proposal to remove oil and gas stocks from its benchmark index is a good idea, two centrist opposition parties said on Thursday. The Christian Democratic Party said in a statement it gave "full support" to the proposal, while the Liberal Party told Reuters it was "good advice". Liberal spokesman Terje Breivik added that the party had not formally decided its position on the proposal.
Norway's trillion-dollar sovereign wealth fund is proposing to drop oil and gas companies from its benchmark index.
The Norwegian government plans to decide in the autumn of 2018 on whether to back a proposal from the country's wealth fund to cut oil and gas companies from its benchmark index, the Finance Ministry said in a statement on Thursday. "The issues raised by Norges Bank are complex and multifaceted. The advice from the Bank requires a thorough assessment, in line with established practice for key decisions on the management of the Fund," Finance Minister Siv Jensen said.
Zacks Market Edge Highlights: Exxon Mobil, Chevron, Pioneer Natural Resources, Halliburton and RPC
JOHANNESBURG (AP) — Angola's new leader has removed the daughter of former President Jose Eduardo dos Santos as chair of the state-owned oil company, the government announced Wednesday, in a surprise move that appeared to assert independence from one of Africa's longest-ruling families.
Chevron and Halliburton are among the top companies to consider and Exxon Mobil and Chesapeake should probably be avoided, analysts say.
The Zacks Analyst Blog Highlights: BP, Royal Dutch Shell, TOTAL S.A., ConocoPhillips and Repsol SA
In 3Q17, Royal Dutch Shell (RDS.A) incurred a total capital investment of $5.8 billion compared to $7.7 billion in 3Q16.
Oil prices have jumped by about one-third since the summer on signs of stronger economic growth around the world and fear of instability in the Middle East.
Reviewing the total-debt-to-total capital ratio in 3Q17, ExxonMobil (XOM) had the lowest ratio at 18.0%, and Chevron's ratio was 22.0%.
The top two buyers of ExxonMobil stock in the past six months have been Vanguard and First Eagle Investment Management.
Japan's JERA Co, the fuel-buying joint venture of Tokyo Electric Power and Chubu Electric Power , said it received the first liquefied natural gas (LNG) cargo shipped from Chevron's (CVX.N) Wheatstone project in Australia. The tanker "Asia Venture," carrying about 70,000 tonnes of LNG, arrived on Sunday at Tokyo Electric Power's Futtsu LNG terminal in Chiba prefecture on Tokyo Bay, said a spokesman for JERA, the world's biggest LNG buyer, on Monday.