A company’s free cash is a lifeline for dividends, buybacks and other uses of capital. If that well runs dry or even slows down, a company can be forced to dial down its spending. For this screen, Bar...
Tag: Chevron
Exxon Mobil Stock Surges After Energy Giant Drills to Record Profit
Text size PHOTOCAP Dean Mouhtaropoulos/Getty Images Soaring energy prices and increased production helped Exxon Mobil shatter its previous record for quarterly profit as the oil and gas giant posted e...
Senate Climate Bill Is a Boon for Fossil Fuels
WASHINGTON—Senate Democrats are moving forward on the costliest and most ambitious effort ever by the U.S. to address climate change—powered in part by benefits for fossil fuels and the broader energy...
Shell Posts Record Quarterly Profit of $11.5 Billion. Exxon and Chevron Are Next.
Text size Shell also announced plans to buy back a further $6 billion of shares. Getty Images Shell , the United Kingdom–domiciled energy giant, posted record quarterly earnings Thursday a day before ...
Exxon, Chevron earnings preview: Oil giants under the microscope as profit booms
Exxon Mobil Corp. and Chevron Corp. are scheduled to report second-quarter earnings on Friday before the bell as their booming profits and revenue remain under increased scrutiny and rising costs and ...
Strike at Machinery Maker CNH Industrial Grinds On as Talks Stall
Negotiations between CNH Industrial NV and the equipment maker’s striking workers have hit a stalemate, deepening supply-chain problems with farm and construction equipment. Bargaining sessions betwee...
Energy Stocks Are Cheap. Just Ask Warren Buffett.
Energy stocks are on sale, after a sharp selloff since oil and natural-gas prices peaked in early June. Oil is down 18% from its high, to $102 a barrel, while gas has fallen by a third, to about $6 pe...
Chevron Breaks Below 200-Day Moving Average
In trading on Wednesday, shares of Chevron (NYSE:CVX) crossed below their 200 day moving average of $138.47, changing hands as low as $138.20 per share. Chevron shares are currently trading down about...
Buffett’s Berkshire Hathaway Buys More Occidental Petroleum Stock
Text size Warren Buffett hip Somodevilla/Getty Images Berkshire Hathaway continued to buy more shares of Occidental Petroleum in recent days, purchasing a total of about $580 million of stock on Wedne...
Chevron, ExxonMobil CEOs Set The Stage For Thursday Meeting With Biden Officials
Mike Wirth, chairman and chief executive officer of Chevron USA Inc., speaks during the 2022 … [+] CERAWeek by S&P Global conference in Houston, Texas, U.S., on Monday, March 7, 2022. CERAWe...
It’s Exxon vs Chevron: Here’s How Investors Can Play Them
On Tuesday, the nation of Qatar announced the selection of Exxon Mobil (XOM) , TotalEnergies (TTE) , Shell (SHEL) , and ConocoPhillips (COP) as partners in what is expected to be the multi-billion dol...
How Rockefeller’s Standard Oil Trust became Chevron, ExxonMobil, BP and Marathon
While large tech companies are currently feeling the heat from regulators and Congress, over a century ago, the trustbusters had their sights on Big Oil. Around the turn of the twentieth century, Big ...
A Simple Way To Offset Higher Gas Prices
LOS ANGELES, CA-JUNE 1, 2022: Jim Moreno, 56, of Los Angeles, takes a photograph of the sign, … [+] showing the price of gasoline approaching close to $8 a gallon at the Chevron gas station loca...
Maui’s Public Nuisance Climate Lawsuit
Over 1,300 climate lawsuits have been filed in the U.S. None has yet succeeded. That fact in and of itself should give pause. In countries where plaintiffs who lose lawsuits must pay the defendant’s l...
Here Are 6 Stocks That Pay a Lot in Dividends and Have Solid Yields. And Microsoft and Apple.
PepsiCo total quarterly dividend payout and yield make for an intriguing combination. Here, a Pepsi display at a shop in Grovetown, Ga., earlier this year. Billy Blume/Dreamstime.com Text size Sometim...
Oil stocks enjoy broad rally as crude prices jump, with Exxon Mobil at an 8-year high and Chevron at a record
The energy sector is on track to enjoy a unanimous rally Tuesday, as the European Union’s ban on Russian oil has sent crude oil futures surging. The SPDR Energy Select Sector ETF XLE, +1.00% ral...
Why Chevron Corporation is a buy despite trading at 52-week highs
Chevron Corporation (NYSE:CVX) at $176 is trading at the year’s highest levels. After facing resistance at $170 since March, the stock is breaking out to find new highs. Zacks Research recommends hold...
How Corporations Like Chevron Use The Law To Get Their Way
In 2008, I attended Chevron’s CVX annual meeting in Richmond, California, alongside indigenous activists from Ecuador concerned about their ownership of Texaco and the legacy of environmental destruct...
Exxon Skips Its Victory Lap
More than a year after an activist investor-led shake-up, Exxon Mobil has ticked a lot of boxes to endear itself to its shareholders. Now, the company is on a broader charm offensive. Exxon Mobil on F...