CVX - Chevron Corporation

NYSE - Nasdaq Real-time price. Currency in USD
117.10
+0.21 (+0.18%)
As of 9:39AM EST. Market open.
Stock chart is not supported by your current browser
Previous close116.89
Open116.56
Bid117.05 x 1100
Ask117.74 x 1300
Day's range116.78 - 117.27
52-week range110.42 - 127.34
Volume1,072,477
Avg. volume5,823,442
Market cap221.421B
Beta (5Y monthly)1.02
PE ratio (TTM)16.80
EPS (TTM)6.97
Earnings date30 Jan 2020
Forward dividend & yield4.76 (4.10%)
Ex-dividend date13 Nov 2019
1y target est136.29
  • 6 Sector ETFs & Stocks to Watch on December U.S. Inflation
    Zacks

    6 Sector ETFs & Stocks to Watch on December U.S. Inflation

    These sector ETFs and stocks should benefit from decent price gains in the month of December.

  • Microsoft to Invest $1 Billion in Carbon-Reduction Technology
    Bloomberg

    Microsoft to Invest $1 Billion in Carbon-Reduction Technology

    (Bloomberg) -- Microsoft Corp. unveiled plans to invest $1 billion to back companies and organizations working on technologies to remove or reduce carbon from the earth’s atmosphere, saying efforts to merely emit less carbon aren’t enough to prevent catastrophic climate change.The company’s Climate Innovation Fund will provide money over the next four years for equity investments, debt financing and other support for the development of carbon-removal technology. The fund won’t be used for Microsoft's philanthropic efforts on climate, although those will continue separately. The software maker is also pledging to be “carbon negative”, meaning it will remove more carbon than it emits, by 2030. “This is the decade for urgent action for Microsoft and all of us,” Microsoft Chief Executive Officer Satya Nadella said at an event Thursday at the company’s Redmond, Washington, campus.Engineers have devised ways to capture carbon dioxide, either pulling it from the exhaust of smokestacks or sucking it directly from open air. The gas can be stored underground or put to use — for example, it can be incorporated into products such as cement. Because most governments don’t impose a penalty or tax for carbon emissions, there’s currently no monetary incentive for companies to buy the technologies, and developers have struggled to turn them into viable businesses. Most remain stuck at the demonstration stage, building showcase projects that illustrate what could be done, if someone were willing to pay for it.“A billion dollars is a lot and a little at the same time when you think about the investment level that's probably going to be needed,” Microsoft President and Chief Legal Officer Brad Smith said Monday in a meeting with editors in New York previewing the event. It’s not clear what efforts or companies Microsoft will back — it will now start to consider options for deploying the fund. But there are various ideas and efforts already under development. Switzerland's Climeworks, for example, employs a reusable membrane to capture CO2 pulled through machinery by fans. It then sells the concentrated gas, marketing it to beverage companies and plastic makers. Carbon Engineering, based in Canada, uses a chemical reaction to remove carbon dioxide directly from the air, with the gas either stored underground or used to make fuel.Carbon capture, the vacuum cleaner the climate needs: QuickTakeAs it cuts its emissions, Microsoft plans to tackle the amount of carbon it generates and the emissions released into the environment by suppliers and customers. The company said it will use 100% renewable energy for all its buildings and data centers by 2025, and electrify all campus vehicles by 2030. That’s part of Microsoft’s plan to be carbon negative in 10 years, meaning it will remove more carbon from the atmosphere than it emits. Two decades after that, the software maker said it will have removed from the environment all the carbon it has emitted either directly or by electrical consumption since its founding in 1975.Some companies and local governments have been stepping up action on the environment, following the U.S. withdrawal from the Paris climate accord and amid rising concern about the pace of climate change. Companies like Microsoft and Amazon.com Inc. are also under pressure from employees to do more, with Amazon facing vocal protests from a group called Amazon Employees for Climate Justice. In September, Amazon announced what it called the Climate Pledge, a commitment to meet the goals of the Paris agreement 10 years early, and invited other companies to sign on. Microsoft last year joined the Climate Leadership Council to advocate for a carbon tax.  And on Jan. 14, BlackRock Inc. Chief Executive Officer Larry Fink said climate change is “almost invariably the top issue that clients around the world raise with BlackRock.” Microsoft co-founder and board member Bill Gates is increasingly focusing on climate issues and plans a book on the topic later this year.Microsoft and Amazon, along with other technology companies, have also been criticized for supplying software and cloud services to large oil and gas companies like Chevron Corp. and BP Plc. BlackRock’s Fink has been trailed to work and public engagements by protesters decrying the investment firm for inaction on global warming and other issues. Greenpeace praised Microsoft for its pledge Thursday, but said the software maker needs to do more.“While there is a lot to celebrate in Microsoft’s announcement, a gaping hole remains unaddressed: Microsoft’s expanding efforts to help fossil fuel companies drill more oil and gas with machine-learning and other AI technologies,” Greenpeace’s Elizabeth Jardim said in an emailed statement. “To truly become carbon negative, Microsoft must end its AI contracts with Big Oil.”Part of Microsoft’s announcement Thursday addresses the actions of customers, and the company will begin a plan to have clients and suppliers use Microsoft technology to reduce their own carbon footprints. Starting next year, Microsoft will make carbon reduction  part of its procurement deals. The company is announcing an Azure Sustainability Calculator that lets cloud customers look at their own carbon output and shows the benefits of moving to the cloud from in-house server farms—a shift that could benefit Microsoft’s Azure business."Microsoft is at the helm of what could be a new movement towards negative emissions; it’s a big step beyond what most companies have committed to. But to really shift the needle on climate change, we need 1,000 other Microsofts to follow-suit and turn rhetoric into action," the Environmental Defense Fund said in a statement.The company said it intends to take action on several types of emissions, including direct and electrical and heat use, but also the indirect carbon emissions that come from things like manufacturing, materials in its buildings and the electricity consumers use when deploying Microsoft products. At Microsoft, that indirect category is about three times the others combined. While the company said it has been “carbon neutral” since 2012, “our recent work has led us to conclude that this is an area where we’re far better served by humility than pride. And we believe this is true not only for ourselves, but for every business and organization on the planet,” Smith wrote in a blog post announcing the plans. Microsoft accomplished carbon neutrality, like most companies, by reducing and avoiding emissions, Smith said, but that’s no longer enough.“We will not solve this problem by doing nothing,” Smith said. (Updates with comments from Greenpeace in 10th paragraph.)\--With assistance from David R Baker and Max Chafkin.To contact the author of this story: Dina Bass in Seattle at dbass2@bloomberg.netTo contact the editor responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew PollackFor 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.

  • 4 Blue-Chip Stocks to Win Big on Phase-One Trade Deal
    Zacks

    4 Blue-Chip Stocks to Win Big on Phase-One Trade Deal

    Wall Street rallied following the first phase of the U.S.-China trade pact, with Dow Jones Industrial Average and S&P 500 closing at record highs.

  • Phase-One Trade Deal to Boost These ETF Areas
    Zacks

    Phase-One Trade Deal to Boost These ETF Areas

    China has agreed to buy $200 billion of extra American goods and services, putting these ETF areas in focus.

  • Business Wire

    Chevron Joins Hydrogen Council

    Chevron Corporation (NYSE: CVX) today announced it has joined the Hydrogen Council, a global advisory body providing a long-term vision for the role of hydrogen in the energy transition.

  • EQT Awaits $1.4-$1.8B Write-Downs, Aims for 30% Deleverage
    Zacks

    EQT Awaits $1.4-$1.8B Write-Downs, Aims for 30% Deleverage

    EQT Corporation (EQT) estimates its fourth-quarter net sales volumes in the band of 370-375 Bcfe, indicating a narrower outlook from the earlier guided the earlier guided range of 355-375 Bcfe.

  • What Impacts the Price of Oil?
    Zacks

    What Impacts the Price of Oil?

    The oil market may seem complicated to those not in the industry, but what impacts oil prices is fairly simple. Three major factors--supply, demand, and geopolitics--drive the price of oil.

  • 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 $116.27, moving -0.33% from the previous trading session.

  • ExxonMobil (XOM) Plans to Shed Equatorial Guinea Oil Assets
    Zacks

    ExxonMobil (XOM) Plans to Shed Equatorial Guinea Oil Assets

    ExxonMobil's (XOM) assets to be sold in Equatorial Guinea include its operating stake at the Zafiro oil field.

  • Stock Market News for Jan 13, 2020
    Zacks

    Stock Market News for Jan 13, 2020

    U.S. stock markets closed lower on Friday following weak non-farm payroll data for the month of December 2019.

  • The Zacks Analyst Blog Highlights: Chevron, Accenture, Adobe Systems, Gilead Sciences and Honda Motor
    Zacks

    The Zacks Analyst Blog Highlights: Chevron, Accenture, Adobe Systems, Gilead Sciences and Honda Motor

    The Zacks Analyst Blog Highlights: Chevron, Accenture, Adobe Systems, Gilead Sciences and Honda Motor

  • Exclusive: PDVSA's partners act as traders of Venezuelan oil amid sanctions -documents
    Reuters

    Exclusive: PDVSA's partners act as traders of Venezuelan oil amid sanctions -documents

    CARACAS/PUNTO FIJO, Venezuela (Reuters) - Venezuela, its oil exports decimated by U.S. sanctions, is testing a new method of getting its crude to market: allocating cargoes to joint-venture partners including Chevron Corp, which in turn market the oil to customers in Asia and Africa. This would not violate sanctions as long as sale proceeds are used for paying off a venture's debts, according to three sources from joint ventures. Venezuela's oil exports fell 32% last year as the U.S. government blocked imports by American companies and transactions made in U.S. dollars.

  • Stock Research Reports for Chevron, Accenture, Adobe & Others
    Zacks

    Stock Research Reports for Chevron, Accenture, Adobe & Others

    Stock Research Reports for Chevron, Accenture, Adobe & Others

  • Transocean Adds $352.9M to Backlog Since Last Fleet Status
    Zacks

    Transocean Adds $352.9M to Backlog Since Last Fleet Status

    Transocean's (RIG) $91-million worth year-long drilling contract off the coast of Trinidad & Tobago for its semisubmersible Development Driller III is the key component to bolster its backlog.

  • Job Losses Galore Across the Energy Sector: What Lies Next?
    Zacks

    Job Losses Galore Across the Energy Sector: What Lies Next?

    In a bid to rebound from the cautious spending by oil and gas as well as exploration and production companies due to soft oil prices, Apache (APA) plans to slash global headcount by 500.

  • Oil Price Retreats 4.9% in a Day: What's Behind the Plunge?
    Zacks

    Oil Price Retreats 4.9% in a Day: What's Behind the Plunge?

    EIA's Weekly Petroleum Status Report revealed that crude inventories rose by 1.2 million barrels, compared to the 3.7 million barrels decrease that energy analysts had expected.

  • The Zacks Analyst Blog Highlights: Occidental Petroleum, Chevron, BP, Callon Petroleum, and WPX Energy
    Zacks

    The Zacks Analyst Blog Highlights: Occidental Petroleum, Chevron, BP, Callon Petroleum, and WPX Energy

    The Zacks Analyst Blog Highlights: Occidental Petroleum, Chevron, BP, Callon Petroleum, and WPX Energy

  • How Can Fund Providers Protect the Future for Worker-Investors?
    Morningstar

    How Can Fund Providers Protect the Future for Worker-Investors?

    Stewardship is an opportunity for fund providers to connect with sustainability-minded investors and many large asset managers are using proxy votes to press for better governance of environmental and social risks.

  • Oilprice.com

    The Oil Industry’s Most Promising Dividend Stocks Of 2020

    The oil and gas industry had a rough 2019, but this year is already looking more promising and some companies are poised to pay out some mouth-watering dividends

  • Sony, Funko, EOG Resources, Diamondback Energy and Chevron highlighted as Zacks Bull and Bear of the Day
    Zacks

    Sony, Funko, EOG Resources, Diamondback Energy and Chevron highlighted as Zacks Bull and Bear of the Day

    Sony, Funko, EOG Resources, Diamondback Energy and Chevron highlighted as Zacks Bull and Bear of the Day

  • Here's Why Energy M&A is Expected to Remain Healthy in 2020
    Zacks

    Here's Why Energy M&A is Expected to Remain Healthy in 2020

    With WTI crude, the domestic benchmark, bouncing back above $60 per barrel on multiple tailwinds, the investor hunger for M&A deals in the energy space is likely to remain strong.

  • Stock Market News for Jan 8, 2020
    Zacks

    Stock Market News for Jan 8, 2020

    U.S. stocks moved south on Tuesday, a result of investors' growing concern from the rising tensions in the Middle East.

  • BP to Divest $625M Matured North Sea Assets: Here's Why
    Zacks

    BP to Divest $625M Matured North Sea Assets: Here's Why

    With the divestment of the matured fields in the North Sea, BP will focus on more profitable resources.

By using Yahoo, you agree that we and our partners can use cookies for purposes such as customising content and advertising. See our Privacy Policy to learn more