|Bid||90.25 x 1100|
|Ask||90.65 x 800|
|Day's range||89.46 - 91.60|
|52-week range||51.60 - 127.00|
|Beta (5Y monthly)||1.33|
|PE ratio (TTM)||43.93|
|Earnings date||31 Jul 2020 - 04 Aug 2020|
|Forward dividend & yield||5.16 (5.72%)|
|Ex-dividend date||18 May 2020|
|1y target est||90.71|
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.
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
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.
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.
One of the world’s largest oilfields has been threatened with closure by local health authorities following a surge in coronavirus infections among its workers. The Tengiz field in Kazakhstan, which produces about 500,000 barrels of oil a day, is being developed by an international consortium headed by Chevron, which said it was taking steps to minimise the spread of the virus and that production had not been affected. Tengiz faces closure if it fails to control the spread of the virus, Kazakhstan’s chief sanitary doctor warned on Wednesday, and demanded the project adhere to a government-backed plan to curb the outbreak.
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.
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. While Exxon's sale process was never officially suspended, it was put on the backburner when Chevron started negotiations with Hungarian energy firm MOL for the sale of its assets last year, which led to a $1.57 billion deal in November.
The Zacks Analyst Blog Highlights: EOG Resources, Occidental Petroleum, ExxonMobil, Chevron and BP
A slump in energy prices that has led to the deferral of liquefied natural gas (LNG) projects around the world is set to be an unexpected boon for some producers trying to kickstart new ventures in gas-rich western Australia. Offshore and onshore projects led by Woodside Petroleum , Chevron Corp and Japan's Mitsui are in the mix to plug a looming supply gap at North West Shelf, Australia's oldest and biggest gas export plant. The shortfall follows a decision in March to put the giant offshore Browse gas project on ice after its owners, led by Woodside, balked at the $20 billion price tag to develop the field amid a slump in LNG prices to record lows.
Williams (WMB) secures a transportation pact to supply natural gas from the massive Anchor field in the deepwater Gulf of Mexico to the Discovery system.
Israel-based SolarEdge (NASDAQ: SEDG) is the gift that keeps on giving. Although SolarEdge languished for a few years, the stock has been on a meteoric rise since about March 2019. It's perfectly understandable to be hesitant to buy SolarEdge after its recent rise, but at the very least you should consider adding the company to your watch list.
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Royal Dutch Shell, Equinor and ConocoPhillips
ExxonMobil (XOM) and Chevron (CVX) said that they would keep paying shareholders a quarterly dividend but Royal Dutch Shell (RDS.A) had to slash payout to weather the oil market crash.
Oil majors had a good month in April, but don't read too much into the gains. There's a lot of backstory here -- and more pain ahead.
Oil markets surged higher Tuesday, amid signs that the worst of the short-term imbalance between supply and demand may now be over. AT 8:55 AM ET (1255 GMT), U.S. crude futures traded 13% higher at $23.14 a barrel, while the international benchmark Brent contract rose 8.9% to $29.62. "Considering ... the depths of demand destruction, markets are probably inclined to take any good news relatively quickly," said Daniel Hynes, senior commodity strategist at Australia and New Zealand Banking Group.