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Chevron

StockWatch: Oil Giants Target $100 a Barrell!

David Kindley Feb 15, 2022 483 0

With oil prices marching closer to $100 per barrel, just what does this mean for the major oil powerhouses? With the global economy recovering from Covid-19, and tensions escalating with Russia and Ukraine, when will the black gold slow…
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Stocks

StockWatch: Chevron Reports $5bn Profit as Stock Hits Record

David Kindley Jan 31, 2022 413 0

Shares of Chevron touched an all-time high recently ahead of their Q4 earnings. The company reported a net income of $5.1bn on Friday, but the profits missed expectations, sending shares lower. Tomorrow it’s the turn of ExxonMobil as…
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Stocks

StockWatch: Oil Majors Withdraw from Myanmar Project!

David Kindley Jan 24, 2022 537 0

Oil majors Chevron Corp along with Royal Dutch Shell are withdrawing from Myanmar. Myanmar has been in turmoil since the army overthrew the elected government last February. The venture that the oil firms signed up for now seems like…
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Stocks

StockWatch: Biden Demands Inquiry into Big Oil Firms!

David Kindley Nov 24, 2021 554 0

US President Joe Biden has called on the FTC to investigate whether the country’s biggest oil companies are engaged in potentially illegal conduct. And that in turn is resulting in higher prices for Americans. Biden said there was…
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Stocks

StockWatch: Oil Companies Reap Rewards on Price Boom!

David Kindley Nov 1, 2021 330 0

Profits soared at America’s two largest oil companies, as ExxonMobil and Chevron both benefited from the recent run-up in oil prices. ExxonMobil posted a net income of $6.8bn, whilst Chevron reported an adjusted profit of $5.7bn. But…
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Stocks

StockWatch: Chevron Ramps up Low-Carbon Push!

David Kindley Sep 16, 2021 285 0

Chevron is taking steps to diversify its business away from fossil fuels as concerns about the climate crisis grow. In fact, the company announced that it will spend $10 billion until 2028 on low-carbon energy sources like renewable…
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Stocks

StockWatch: Oil Giants Top Estimates Amid Recovery

David Kindley Aug 2, 2021 387 0

On Friday, Chevron and Exxon reported profits for the second straight quarter, as improving demand for petroleum products and a jump in oil and gas prices boosted operations. Still, the oil giants pointed to caution around capital…
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Stocks

StockWatch: US Stocks Drop After Consecutive Highs

David Kindley Jul 7, 2021 354 0

The S&P set a seven-day winning streak until yesterday, as wall street came to a halt. Cyclical stocks took the brunt of the beating on Tuesday, as the Dow's worst performers included Chevron and Caterpillar. Will the sell-off…
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Stocks

Chevron Rally Ignited By Oil Price Rise

Orbex Mar 10, 2021 441 0

Chevron is trading higher pre-market on Wednesday as the energy company’s stock price continues to climb. Chevron has had an impressive start to the year with the company’s shares recovering from the 84.85 lows printed in February, to trade…
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Stocks

Chevron Swings Back To Losses in Q4

Orbex Feb 2, 2021 538 0

Shares in US energy company Chevron have been under pressure over recent weeks with the company’s stock price reversing from 2021 highs in the mid 95s to current lows around mid 86. The failure at the mid 95s is the second time that Chevron…
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