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Stock Market & Financial Investment News

News Breaks
February 3, 2014
09:00 EDTCVXCredit Suisse says don't sell Chevron
Credit Suisse said not to sell Chevron and look past the noise and towards rising cashflow and falling capital spending. The firm believes shares could be $150-$160 over the next few years and views the 3% yield as compelling. Shares are Outperform rated with a $140 price target.
News For CVX From The Last 14 Days
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May 27, 2015
13:02 EDTCVXChevron says plans to reduce capital spending
Chevron provided an overview of the company’s 2014 operational and social performance and how the company is managing through current market conditions at its 2015 Annual Meeting of Stockholders in San Ramon, California. “We have the financial strength to meet the challenges of a volatile crude price environment and significant efforts are underway to manage to a lower cost structure and capital spend rate,” said John Watson, chairman of the board and CEO. “We’re reducing capital spending, we have implemented significant cost-reduction programs and have further streamlined our portfolio as planned.” The company informed stockholders on its commitment to safety, noting that 2014 was Chevron’s best year on every key measure of personal safety, process safety and environmental performance.
10:14 EDTCVXAnalyst says China trend good for oil equities
China's demand for oil has been stronger than expected and the trend should be positive for oil companies' stocks, research firm Bernstein wrote in a note to investors today. WHAT'S NEW: Chinese oil imports reached a record high in April, rising 9% versus the same period a year earlier, Bernstein analyst Neil Beveridge reported. The imports have exceeded expectations and have been boosted by high gasoline demand, according to the analyst. The high gasoline demand in China, in turn, has been driven by a 50% year-over-year increase in the sales of SUVs, according to Beveridge. Analysts will respond to this trend by increasing their global oil demand estimates, he predicted. Oil prices are likely to rise in the near-term, providing a tailwind for oil equities, according to Beveridge, who identified InterOil (IOC) and China's CNOOC (CEO) as two of his favorite names in the Asian region. Other publicly traded companies in the oil space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). WHAT'S NOTABLE: Jaguar Land Rover, owned by India's Tata Motors (TTM), is launching its Range Rover Evoque SUV in China this fiscal year, but is having trouble ramping up production of the vehicle, Forbes reported last week. PRICE ACTION: in early trading, CNOOC was flat at $162.50 and InterOil slipped fractionally to $46.58.
May 20, 2015
07:26 EDTCVXUBS to hold a conference
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May 19, 2015
09:37 EDTCVXActive equity options trading on open
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May 18, 2015
10:01 EDTCVXOn The Fly: Analyst Downgrade Summary
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09:36 EDTCVXActive equity options trading on open
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09:20 EDTCVXW.R. Grace, Chevron JV to build catalysts plant in Lake Charles, LA
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07:56 EDTCVXKosmos provides update on Mauritania drilling
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07:23 EDTCVXChevron downgraded to Sell from Neutral at Goldman
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