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Stock Market & Financial Investment News

News For AIV;ARE;BXP;FAST;GGP;OCN;SPG;SCCO;EVER;SBUX;MNST;CVX;CP From The Last 14 Days
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January 29, 2016
11:11 EDTCVXChevron sees 2016 production growth flat to up 4%
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11:08 EDTCVXChevron says total spend in 2015 down 12% from 2014
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11:04 EDTCVXChevron says priority is maintaining dividend
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11:00 EDTCVXStocks with call strike movement; QCOM CVX
Qualcomm (QCOM) July 50 call option implied volatility decreased 7% to 30, Chevron (CVX) June 95 call option implied volatility increased 3% to 30 according to iVolatility.
10:16 EDTMNSTOptions with increasing implied volatility: WMB W CERS RAD CRM GILD MNST
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08:44 EDTCVXChevron falls after earnings
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08:42 EDTCVXChevron reports 2015 capital and exploratory expenditures drop to $34B
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08:41 EDTCVXChevron reports Q4 U.S. refinery crude oil input down 1%
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08:39 EDTCVXChevron International upstream operations earned $593M in Q4
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08:38 EDTCVXChevron reports Q4 net oil-equivalent production 2.67M boepd
Worldwide net oil-equivalent production was 2.67M barrels per day in fourth quarter 2015, up from 2.58M barrels per day in the 2014 fourth quarter. U.S. upstream operations incurred a loss of $1.95B in fourth quarter 2015 compared to earnings of $432M from a year earlier. The decrease was due to lower crude oil realizations, higher depreciation expenses, higher exploration expenses and lower gains on asset sales, partially offset by higher crude oil production. The increase in depreciation and exploration expenses was primarily due to impairments and project cancellations. The company's average sales price per barrel of crude oil and natural gas liquids was $35 in fourth quarter 2015, down from $66 a year ago. The average sales price of natural gas was $1.54 per thousand cubic feet, compared with $3.34 in last year's fourth quarter.
08:35 EDTCVXChevron added about 1.02B barrels of net oil-equivalent proved reserves in 2015
Chevron said that the company added approximately 1.02 billion barrels of net oil-equivalent proved reserves in 2015. These additions, which are subject to final reviews, equate to approximately 107 percent of net oil-equivalent production for the year. The largest additions were from production entitlement effects in several locations and drilling results for the Permian Basin in the United States and the Wheatstone Project in Australia. At year-end, balances of cash, cash equivalents, time deposits and marketable securities totaled $11.3B, a decrease of $1.9B from the end of 2014. Total debt at December 31, 2015 stood at $38.6B, an increase of $10.8B from a year earlier.
08:33 EDTCVXChevron Q4 earnings include impairments and other charges of $1.1B
"Our 2015 earnings were down significantly from the previous year, reflecting a nearly 50% year-on-year decline in crude oil prices. We're taking significant action to improve earnings and cash flow in this low price environment. Operating expenses and capital spending were reduced $9B in 2015 from 2014, and I expect similarly large reductions again in 2016. In addition, asset sales proceeds were $6B in 2015, with additional sales planned for 2016 and 2017," said Chairman and CEO John Watson.
08:32 EDTCVXChevron reports Q4 EPS with impariments and charges (31c), consensus 46c
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07:36 EDTCVXAnalysts still predicting mergers as oil slump drags on, WSJ reports
Bankers and analysts have been predicting a wave of merger activity will come almost since crude prices began to fall from over $100 a barrel, but the only big acquisition by an oil major so far has been Shell's (RDS.A) purchase of BG Group (BRGYY), said The Wall Street Journal, which added that analysts still believe deal-making is likely to return this year if prices continue to languish. With Chevron (CVX) set to report today and its big peers soon to follow, analysts are expecting the four biggest publicly traded Western oil companies to have their weakest combined profits since 1998, the Journal noted. The report noted that U.S. shale oil producers, such as Apache (APA) and Whiting Petroleum (WLL), were previously targeted though potential sellers were reluctant to accept offers as they hoped for a rebound in oil prices and potential buyers wondered if any deal struck would look expensive if crude prices fell further, but "both impediments are gone now," the Journal contends. Reference Link
07:03 EDTSPGSimon Property sees FY16 FFO $10.70-$10.80, consensus $10.87
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07:02 EDTSPGSimon Property reports Q4 FFO $2.40, consensus $2.40
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January 28, 2016
15:50 EDTGGPBrookfield considering 'go-private' bid for General Growth, Reuters reports
Brookfield Asset Management (BAM), which already owns around 34% of General Growth Properties (GGP), has approached potential investment partners to discuss possibly taking the mall operator private, Reuters reported, citing people familiar with the matter. General Growth spiked as high as $29 per share immediately following the initial release of Reuters' report, but the stock has given up much of those gains to be up fractionally to $27.29 in late afternoon trading. Reference Link
15:28 EDTGGPGeneral Growth calls active on Brookfield said to explore acquisition
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15:22 EDTGGPGeneral Growth halted after 4.3% jump as Brookfield said to consider acquisition
15:20 EDTGGPBrookfield exploring acquisition of General Growth Properties, Reuters reports
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