125 stories mentioning CVX
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Chevron (CVX) has an average rating of overweight and mean price target of $212.21, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Chevron's (CVX) capacity expansion at its Geismar facility in Louisiana is Underappreciated due to weak renewable diesel and biodiesel margins in 2025, UBS Securities said Monday in a report.The Environmental Protection Agency's revised Renewable Volume Obligations mandate a sharp increase in biomass-based diesel blending, which UBS said should drive a "very strong inflection" in earnings cash flow from 2026 to 2028. Chevron is expected to generate $440 million in incremental EBITDA over that period, the report said.Chevron's joint venture with Bunge Global (BG) expanded soybean-processing capacity and added switch capability, giving the company direct exposure to soy and softseed crush margins, UBS said.Diesel and crush margins are likely to be materially higher in 2026, contributing an incremental $1 billion to Chevron's cash flows, the report said.UBS reiterated its buy rating on Chevron stock with a price target of $218.Chevron shares fell 2.6% in Tuesday trading, and Bunge rose 0.2%.Price: $186.72, Change: $-5.06, Percent Change: -2.64%
Energy stocks were leaning lower premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.9%.The United States Oil Fund (USO) was down 1.2% and The United States Natural Gas Fund (UNG) was 0.6% higher.Front-month US West Texas Intermediate crude oil was 3% lower at $96.08 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 1.5% to $97.91 per barrel, and natural gas futures were up 0.1% at $2.63 per 1 million British Thermal Units.Chevron (CVX) said it agreed to an asset swap with Petroleos de Venezuela via its subsidiaries in the country to consolidate its heavy oil position. Chevron stock was down more than 1% pre-bell.BP (BP) said its Q1 upstream production is expected to be "broadly flat" from the previous quarter, while cautioning that energy market volatility may pressure results and widen price fluctuations. BP shares were 0.4% higher premarket.Transocean (RIG) said its Deepwater Corcovado drillship was awarded a 1,156-day contract extension with Petrobras (PBR) through November 2030. Petrobras shares were down more than 1% pre-bell.
Energy stocks were leaning lower premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.6%.The United States Oil Fund (USO) was down 0.7% and the United States Natural Gas Fund (UNG) was 0.4% lower.Front-month US West Texas Intermediate crude oil was 3.1% lower at $95.92 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 1.4% to $97.99 per barrel, and natural gas futures were down 0.6% at $2.61 per 1 million British Thermal Units.Chevron (CVX) said it has agreed to an asset swap with Petroleos de Venezuela via its subsidiaries in the country to consolidate its heavy oil position. Chevron stock was down 0.8% pre-bell.
Chevron (CVX) said late Monday it has agreed to an asset swap with Petroleos de Venezuela via its subsidiaries in the country to consolidate its heavy oil position.Under the agreement, Chevron will receive an additional 13.21% working interest in the Petroindependencia joint venture, according to a statement.The Petropiar JV was offered the rights to develop the Ayacucho 8 area located in the Orinoco Oil Belt of Venezuela, the company said.Venezuela will receive from Chevron its 60% and 100% operated interests in the offshore Plataforma Deltana Block 2 and Block 3 gas licenses, respectively, and its 25.2% non-operated interest in the Petroindependiente JV, according to the company.
Energy stocks were mixed late Monday afternoon, with the NYSE Energy Sector Index shedding 0.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.3%.The Philadelphia Oil Service Sector Index added 1%, and the Dow Jones US Utilities Index was falling 1.2%.Front-month West Texas Intermediate crude oil was rising 1.4% to $97.89 a barrel, and the global benchmark Brent crude contract was advancing 3.3% to $98.32 a barrel. Henry Hub natural gas futures shed 0.8% to $2.63 per 1 million BTU.In sector news, the Organization of the Petroleum Exporting Countries on Monday lowered its Q2 oil demand forecast due to the Middle East conflict, but maintained its full-year estimates amid expectations for a rebound in H2. The cartel sees global oil consumption at 105.1 million barrels a day in the ongoing three-month period, it said in its latest monthly market report. Last month, the organization projected demand at 105.6 million barrels per day in Q2.In corporate news, TotalEnergies (TTE) shares added 0.8% after it said Monday that it has signed a memorandum of understanding with Turkey's state energy company TPAO to pursue exploration opportunities.Chevron (CVX) and Shell (SHEL) are set to sign agreements involving oil and gas areas in Venezuela, Reuters reported. Chevron shares rose 1.7%, and Shell added 0.4%.GFL Environmental (GFL) agreed to acquire Secure Waste Infrastructure in a 6.4 billion-Canadian-dollar ($4.63 billion) deal that is expected to boost its waste management operations in Western Canada. GFL shares fell 9.6%.Equinor (EQNR) shares added 0.5% after it said Monday its board has decided to propose a share capital reduction to shareholders through the cancellation of own shares and redemption of shares held by the Norwegian state following its 2025 buyback program.
Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index rising 0.3% and the State Street Energy Select Sector SPDR ETF (XLE) fractionally higher.The Philadelphia Oil Service Sector Index was climbing 1.4%, and the Dow Jones US Utilities Index was falling 1.2%.In sector news, the US military blockade on all traffic entering and leaving Iranian ports started at 10 am ET Monday, after weekend peace talks in Pakistan faltered, CNN reported. "If any of these ships [that the president refers to as Iran's 'fast attack ships'] come anywhere close to our BLOCKADE, they will be immediately ELIMINATED," Trump said on a social media post.Separately, the Organization of the Petroleum Exporting Countries on Monday lowered its Q2 oil demand forecast due to the Middle East conflict, but maintained its full-year estimates amid expectations for a rebound in H2. The cartel sees global oil consumption at 105.1 million barrels a day in the ongoing three-month period, it said in its latest monthly market report. Last month, the organization projected demand at 105.6 million barrels per day in Q2.Front-month West Texas Intermediate crude oil was rising 3.2% to $99.72 a barrel, and the global benchmark Brent crude contract was advancing 5% to $99.93 a barrel. Henry Hub natural gas futures shed 0.6% to $2.63 per 1 million BTU.In corporate news, Chevron (CVX) and Shell (SHEL) are set to sign agreements involving oil and gas areas in Venezuela, Reuters reported. Chevron shares rose 1.2%, and Shell added 0.4%.GFL Environmental (GFL) agreed to acquire Secure Waste Infrastructure in a 6.4 billion-Canadian-dollar ($4.63 billion) deal that is expected to boost its waste management operations in Western Canada. GFL shares fell nearly 8%.Equinor (EQNR) shares added 1.3% after it said Monday its board has decided to propose a share capital reduction to shareholders through the cancellation of own shares and redemption of shares held by the Norwegian state following its 2025 buyback program.
Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index rising 0.4% and the State Street Energy Select Sector SPDR ETF (XLE) up 0.3%.The Philadelphia Oil Service Sector Index was climbing 1.4%, and the Dow Jones US Utilities Index was falling 1.2%.In sector news, oil prices rose Monday as a deadline passed for the start of a US blockade of maritime traffic around Iran's ports. The blockade of maritime traffic entering and exiting Iranian ports was set to start at 10 am ET on Monday, according to a statement issued by the US Central Command, or CENTCOM, on Sunday.Front-month West Texas Intermediate crude oil was rising 3.2% to $99.72 a barrel, and the global benchmark Brent crude contract was advancing 5% to $99.93 a barrel. Henry Hub natural gas futures shed 0.6% to $2.63 per 1 million BTU.In corporate news, Chevron (CVX) and Shell (SHEL) are set to sign agreements involving oil and gas areas in Venezuela, Reuters reported. Chevron shares rose 1%, and Shell added 0.5%.
(Updates with decline to comment from Shell in fourth paragraph.)Chevron (CVX) and Shell (SHEL) are set to sign agreements involving oil and gas areas in Venezuela, Reuters reported Monday, citing three sources close to the discussions.Chevron is expected to agree to return an offshore gas field to the Venezuelan government and take part in an extra-heavy crude project in the country's main oil region, the report said.Shell is expected to sign a deal to receive the Loran gas field for operation, the report said.Shell declined to comment, while Chevron did not immediately respond to a request for comment from.Chevron shares rose 1.1% in Monday trading, and Shell gained 0.4%.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $190.68, Change: $+2.13, Percent Change: +1.13%
(Adds the "Market Chatter" moniker as the article is based on a Reuters report.)Chevron (CVX) and Shell (SHEL) are set to sign Venezuela energy deals on Monday, covering offshore gas and heavy crude areas, Reuters reported Monday, citing three sources familiar with the matter.Chevron is expected to finalize agreements to hand back control of an offshore gas asset while gaining participation in an extra-heavy crude zone within Venezuela's key oil-producing region, the sources said.Separately, Shell is poised to take over operations of the Loran offshore gas field under a new pact, the sources added.Chevron and Shell did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $190.54, Change: $+1.99, Percent Change: +1.06%
Chevron (CVX) and Shell (SHEL) are set to sign Venezuela energy deals on Monday, covering offshore gas and heavy crude areas, Reuters reported Monday, citing three sources familiar with the matter.Chevron is expected to finalize agreements to hand back control of an offshore gas asset while gaining participation in an extra-heavy crude zone within Venezuela's key oil-producing region, the sources said.Separately, Shell is poised to take over operations of the Loran offshore gas field under a new pact, the sources added.Chevron and Shell did not immediately respond to' request for comment.Price: $190.75, Change: $+2.19, Percent Change: +1.16%
Chevron (CVX) and Shell (SHEL) are set to sign agreements involving oil and gas areas in Venezuela, Reuters reported Monday, citing three sources close to the discussions.Chevron is expected to agree to return an offshore gas field to the Venezuelan government and take part in an extra-heavy crude project in the country's main oil region, the report said.Shell is expected to sign a deal to receive the Loran gas field for operation, the report said.The companies didn't immediately respond to requests from comment from.Chevron shares rose 1.2% in Monday trading, and Shell gained 0.4%.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $190.72, Change: $+2.17, Percent Change: +1.15%
Chevron (CVX) has an average rating of overweight and mean price target of $210.08, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Chevron (CVX) has an average rating of overweight and mean price target of $210.08, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Chevron (CVX) has an average rating of overweight and mean price target of $210.08, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Chevron (CVX) has an average rating of overweight and mean price target of $210.08, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Chevron (CVX) has an average rating of overweight and mean price target of $208.54, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $187.30, Change: $-3.06, Percent Change: -1.61%
The Nasdaq Composite and the S&P 500 posted their seventh straight day of gains as a two-week ceasefire between the US and Iran appeared to remain on track.The Nasdaq closed 0.8% higher at 22,822.4, its highest close since Feb. 26 -- two days before the US-Israel war with Iran started. The S&P 500 climbed 0.6% to 6,824.7.The Dow Jones Industrial Average added 0.6% to settle at 48,185.8, advancing for a second consecutive session.Barring energy and health care, all sectors were in the green, led by consumer discretionary's 2.5% rise.Officials from Washington and Tehran are expected to meet this weekend in Pakistan, which helped broker the truce.Israeli Prime Minister Benjamin Netanyahu said the country would negotiate with Lebanon on disarming Hezbollah, CNN reported Thursday. Iranian state media previously reported that transit through the Strait of Hormuz was halted following Israeli attacks on Lebanon.Oil prices jumped, with West Texas Intermediate crude last up 4.9% at $99.06 per barrel. The benchmark hit up to $102.70 per barrel earlier in the session as shipment activity through the Strait of Hormuz remained restricted. Brent crude climbed 2.4% to $96.99 per barrel.The rebound in oil prices follows the sharpest one-day pullback since 2020 in the previous session following the ceasefire announcement."With a full reopening of the strait unlikely in the near term, oil prices are expected to remain supported, as disruptions linked to reduced output and refinery shutdowns will take time to unwind," ING Bank said in a note.US Treasury yields were declining, with the 10-year rate down 1.5 basis points at 4.29% and the two-year rate falling 2.1 basis points at 3.77%.In economic news, US inflation accelerated sequentially in February as real consumer spending edged higher, with analysts expecting price pressures to intensify due to the spillover effects of the Middle East conflict.The Federal Reserve's preferred inflation metric -- which excludes food and energy -- rose 0.4% month over month, unchanged from January's reading. Annual growth slowed to 3% from 3.1%. All inflation prints met estimates in Bloomberg-compiled surveys."With headline inflation likely to test 4% soon, there is little chance the Fed will ease policy in the near term," BMO Capital Markets said in a note.The US economy expanded at a slower rate in the fourth quarter than previously projected, as consumer spending growth decelerated, the Bureau of Economic Analysis' third estimate showed Thursday."The downward revision to (fourth-quarter) GDP is not a major concern, as it was driven by the volatile inventory component," Oxford Economics Chief US Economist Michael Pearce said in remarks e-mailed to. "Gross domestic income -- a better gauge of underlying activity -- and gross domestic output of private business showed the core of the economy was still expanding at a healthy pace at the end of last year."In company news, CoreWeave (CRWV) agreed to supply artificial intelligence cloud capacity to Meta Platforms (META) in a $21 billion deal as the companies expanded their partnership amid robust demand for infrastructure supporting AI workloads. CoreWeave shares rose 3.5%, while Meta gained 2.6%.Ares Management (ARES) agreed to acquire and take private Whitestone REIT (WSR) in an all-cash deal worth about $1.7 billion. Whitestone shares jumped nearly 12%, while Ares was virtually flat.Brown-Forman (BF.A, BF.B) was approached by Sazerac about a potential transaction amid ongoing discussions with French spirits company Pernod Ricard, The Wall Street Journal reported Thursday, citing people familiar with the matter. The company's class B shares surged nearly 13%, the top gainer on the S&P 500, while its A shares soared 11%.Chevron (CVX) said it expected higher commodity prices driven by the Middle East conflict to boost first-quarter earnings in its upstream segment by up to $2.2 billion, though timing impacts could weigh on the oil giant's bottom line. The company's shares fell 1.3%, among the worst performers on the Dow.Gold was last up 0.4% at $4,795.80 per troy ounce, while silver advanced 0.6% to $76.84 per ounce.
Energy stocks were lower late Thursday afternoon, with the NYSE Energy Sector Index decreasing 0.5% and the State Street Energy Select Sector SPDR ETF (XLE) falling 1%.The Philadelphia Oil Service Sector Index was up 0.2%, and the Dow Jones US Utilities Index climbed 1%.In sector news, oil prices increased on Thursday as shipment activity through the Strait of Hormuz remained restricted despite a two-week ceasefire between Washington and Iran. The rebound in oil prices follows the sharpest one-day pullback since 2020 in the previous session as the US and Iran agreed to temporarily halt hostilities that had gripped the Middle East.Front-month West Texas Intermediate crude oil rose 5% to $99.24 a barrel, and the global benchmark Brent crude contract was advancing 2.5% to $97.12 a barrel.Henry Hub natural gas futures fell 1.5% to $2.68 per 1 million BTU.US natural gas stocks rose by 50 billion cubic feet in the week ended April 3, larger than the 48 billion increase expected in a survey compiled by Bloomberg as of 7:35 am ET and following a revised increase of 32 billion cubic feet in the previous week.In corporate news, Kosmos Energy (KOS) shares dropped 8.1% after Goldman Sachs downgraded the company's stock to sell from neutral, with a $2.25 price target.Chevron (CVX) expects higher commodity prices driven by the Middle East conflict to boost Q1 earnings in its upstream segment by up to $2.2 billion, though timing impacts could weigh on its bottom line. Its shares were down 1.2%.Exxon Mobil (XOM) is planning an overhaul in the spring and another at the end of the year at its Beaumont refinery in Texas, Reuters reported late Wednesday. Exxon shares shed 0.8%.Energy Vault (NRGV) shares gained 3% after it said Thursday it has agreed to buy a pipeline of battery energy storage system, or BESS, projects in Japan from a local company.
US benchmark equity indexes were higher intraday as a recent two-week ceasefire between Washington and Iran appeared to be holding, though oil prices rebounded as access to the Strait of Hormuz remained restricted.The Dow Jones Industrial Average and the Nasdaq Composite were up 0.8% each at 48,279.5 and 22,811.7, respectively, after midday Thursday. The S&P 500 added 0.7% to 6,829. Barring energy, all sectors were in the green, led by consumer discretionary.West Texas Intermediate crude was up 2.3% at $96.54 a barrel intraday. The benchmark hit up to $102.70 a barrel earlier in the session. Brent crude edged up 0.6% to $94.96 per barrel.The rebound in oil prices follows the sharpest one-day pullback since 2020 in the previous session as the US and Iran agreed to temporarily halt hostilities that had gripped the Middle East since the end of February."The Strait of Hormuz is not open," Abu Dhabi National Oil Chief Executive Sultan Al Jaber said in a LinkedIn post Thursday. "Access is being restricted, conditioned and controlled."Iranian state media previously reported that transit through the strait was halted following Israeli attacks on Lebanon. Israeli Prime Minister Benjamin Netanyahu said the country would negotiate with Lebanon on disarming Hezbollah, CNN reported Thursday."We continue to contend that actual transit levels through the waterway will remain significantly depressed given that Iran is insisting vessels must coordinate with its military or face destruction," RBC Capital Markets said in a note.Officials from Washington and Tehran are expected to meet this weekend in Pakistan, which helped broker the truce.US Treasury yields were lower intraday, with the 10-year rate down two basis points at 4.27% and the two-year rate dropping 3.4 basis points to 3.76%.In economic news, US inflation accelerated sequentially in February as real consumer spending edged higher, with analysts expecting price pressures to intensify due to the spillover effects of the Middle East conflict.The Federal Reserve's preferred inflation metric -- which excludes food and energy -- rose 0.4% month over month, unchanged from January's reading. Annual growth slowed to 3% from 3.1%. All inflation prints met estimates in Bloomberg-compiled surveys."With headline inflation likely to test 4% soon, there is little chance the Fed will ease policy in the near term," BMO Capital Markets said in a note.Weekly applications for unemployment insurance in the US rose more than expected, while continuing claims reached the lowest level since May 2024, government data showed."The latest jobless claims data offer no evidence that the (US-Israel) war with Iran has had a notable impact on the labor market," Oxford Economics said in a note. "We don't think an upside surprise in one week is sending a signal that labor market conditions are softening."In company news, CoreWeave (CRWV) agreed to supply artificial intelligence cloud capacity to Meta Platforms (META) in a $21 billion deal as the companies expanded their partnership amid robust demand for infrastructure supporting AI workloads. CoreWeave shares were up 6.1% intraday, while Meta rose 3%.Ares Management (ARES) agreed to acquire and take private Whitestone REIT (WSR) in an all-cash deal worth about $1.7 billion. Whitestone shares jumped 11%, while Ares advanced 0.5%.Chevron (CVX) said it expected higher commodity prices driven by the Middle East conflict to boost first-quarter earnings in its upstream segment by up to $2.2 billion, though timing impacts could weigh on the oil giant's bottom line. The company's shares were down 1.4% intraday, among the worst performers on the Dow.Gold was up 0.9% at $4,819 per troy ounce, while silver advanced 1.5% to $76.49 per ounce.
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