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CVX
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0.30
UPDATE 1-Hess sets May 28 shareholder vote on Chevron buyout
Hess sets May 28 for a special meeting of shareholders to vote on Chevron's $53 billion buyout offer. Chevron last October offered to acquire Hess Corp in a move to gain a foothold in Guyana's offshore fields. The deal has been stalled by a regulatory review and challenged by Exxon Mobil.
Reuters · 2h ago
Hess sets May 28 vote on Chevron's $53 billion buyout offer
Hess sets May 28 vote on Chevron's $53 billion buyout offer. Hess Corp HES.N set a May 28 special meeting for its shareholders to vote on the offer. The company said in a securities filing that shareholders will vote on May 28. Chevron Corp CVX.N has offered to buy Hess.
Reuters · 3h ago
BUZZ-U.S. stocks weekly: Tech support
S&P 500 snaps 3-week losing streak, rises 2.7% as tech stocks rally. Nasdaq surges >4%, posts biggest weekly gain since early Nov. Every sector gains as Technology, Consumer Discretionary and Communication Services provide largest boosts. Semiconductor index jumps 10% for its best week since late May.
Reuters · 3h ago
Strong Quarterly Earnings Fuel Market Optimism Despite Inflation Concerns, Slowing Economic Growth: This Week In The Market
Tech stocks experienced their best week of the year after four consecutive weeks of declines. Tesla Inc. Had its strongest week since January 2023. U.S. Economic growth slowed in the first quarter and Treasury yields hit a six-month high. Energy stocks faltered following weaker-than-expected earnings from Exxon Mobil and Chevron.
Benzinga · 3h ago
Chevron (CVX) Q1 2024 Earnings Call Transcript
Chevron's first quarter 2024 earnings conference call will be held on April 26. The company's chairman and CEO, Mike Wirth, and CFO, Eimear Bonner, will be on the call. Chevron reported first quarter earnings of $5.5 billion and $2.93 per share.
The Motley Fool · 4h ago
Exxon CEO reiterates that he's not interested in buying Hess
Energy M&A Exxon CEO Darren Woods reiterates that he's not interested in buying Hess. The oil behemoth is involved in an arbitration case with Chevron over a massive oil block off the coast of Guyana. Woods' comments come after Hess warned the case could drag on until next year.
Seeking Alpha · 4h ago
Energy Sector Update for 04/26/2024: TTE, PBR, XOM, CVX
NASDAQ · 4h ago
WRAPUP 2-Earnings for Big Oil backpedal as natgas prices tumble
U.S. And European oil companies report weaker first quarter results due to a sharp drop in gas prices. In the U.S., Exxon Mobil missed Wall Street earnings targets on fuel derivatives and Chevron beat. French oil major TotalEnergies slightly beat analysts forecasts. European gas prices declined by 35% compared to a year ago.
Reuters · 5h ago
BUZZ-U.S. STOCKS ON THE MOVE-Chevron, Intel, Alphabet
Dow Jones Industrial Average was up 0.65% on Friday. Alphabet pushed its market value over $2 trillion. Top three S&P 500 percentage losers: Chevron, Intel, Alphabet and Exxon Mobil. The Nasdaq Composite was up 2.31%. Wall Street's main indexes advanced after robust quarterly results.
Reuters · 6h ago
Tech Stocks Rebound As Magnificent 7 Roar On Strong Earnings, Energy Giants Tumble: What's Driving Markets Friday?
The S&P 500 gained over 1% on Friday and is up 2.8% this week. The Nasdaq 100 is on track for its best week in seven months. Strong earnings reports from Alphabet and Microsoft restored positive sentiment in the market. The Magnificent Seven gained a combined $400 billion in a day.
Benzinga · 6h ago
Energy Sector Update for 04/26/2024: XOM, CVX, PSX
NASDAQ · 6h ago
BREAKINGVIEWS-Exxon and gas markets tell different stories
Exxon boss Darren Woods says fossil fuels are in decline. But low gas prices tell a different story, says Robert Cyran. Abundance of gas depressed prices, he says. Both companies are big in the Permian Basin of Texas and New Mexico. Woods may be right that fossil fuels will be in demand for a long time.
Reuters · 6h ago
US Energy Stocks Fall Following Oil Giants' Subdued Earnings Reports
Shares of major U.S. Energy companies experienced sharp declines in the first hour of trading on Friday. Exxon Mobil Corp. And Chevron Corp. Reported disappointing first-quarter earnings. The Energy Select Sector SPDR Fund experienced its worst day since late January. Phillips 66 also reported earnings and revenue that fell below expectations.
Benzinga · 7h ago
BUZZ-U.S. STOCKS ON THE MOVE-HCA Healthcare, ResMed, LyondellBasell
Dow Jones Industrial Average was up 0.24% on Friday. Alphabet pushed its market value over $2 trillion. Most growth stocks rose after robust quarterly results from Alphabet. HCA Healthcare, ResMed, LyondellBasell were among the top stocks on the NYSE.
Reuters · 8h ago
Chevron CEO Says Co Estimates Arbitration Will Conclude In Q4, Consistent With Exxon's Timeline
Benzinga · 8h ago
Chevron CEO Says Co Has Not Received Timing Schedule From Tribunal Over Arbitration Process
Benzinga · 8h ago
Chevron Plans To Divest Between 1-2% Of Capital Employed In 2024, Or $2B-4B
Benzinga · 8h ago
Chevron's Production In Venezuela Increased To 180,000 Barrels/Day
Benzinga · 8h ago
Exxon Spent Money to Make Money -- Heard on the Street
ExxonMobil's market capitalization dwarfs closest rival Chevron's by $161 billion. The company's first-quarter earnings were down 28% compared with a year earlier. Exxon generated $10 billion of free cash flow in the first quarter. Exxon's execution has been better than Chevron's in Guyana.
The Wall Street Journal · 9h ago
BUZZ-Exxon Mobil declines after missing Q1 profit estimate
Shares of oil major Exxon Mobil down 3.4% at $117.20 in morning trade. Exxon misses Q1 profit estimates, hit by weaker refining margins and lower gas prices. Posts Q1 adj. Profit of $2.06/shr, missing estimate of $ 2.20/shr. Earnings from oil and gas production fell 14% on weaker fuel margins.
Reuters · 10h ago
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About CVX
Chevron Corporation is an integrated energy company. The Company produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance its business and the industry. The Company’s upstream operations consist primarily of exploring for, developing, producing and transporting crude oil and natural gas; liquefaction, transportation and regasification associated with liquefied natural gas (LNG); transporting crude oil by major international oil export pipelines; processing, transporting, storage and marketing of natural gas; carbon capture and storage; and a gas-to-liquids plant. The Company’s downstream operations consist primarily of refining of crude oil into petroleum products; marketing of crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels; transporting of crude oil and refined products by pipeline, marine vessel, motor equipment and rail car; and others.