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Stock Market & Financial Investment News

News Breaks
July 10, 2014
17:05 EDTCVXChevron sees Q2 earnings higher than Q1
Chevron reported in its interim update that earnings for the Q2 are expected to be higher than Q1 as a result of gains on asset sales and an absence of impairments in the prior quarter. Foreign exchange losses in Q2 are expected to be higher than Q1 losses. The interim update contains industry and company operating data for the first two months of Q2. Readers are advised that the commentary below compares results for the first two months of Q2 to full Q1 results, unless indicated otherwise. U.S. net oil-equivalent production was higher compared to the first quarter, primarily due to less maintenance activity in the Gulf of Mexico and increased production in the Permian Basin. International net oil-equivalent production was lower as a result of planned turnaround activity in Kazakhstan, in addition to the shutdown of the LNG facility in Angola. U.S. Downstream earnings for the full quarter are expected to be comparable to the prior quarter. Higher U.S. refining margins, particularly on the West Coast, were offset by lower volumes and higher operating expenses due to significant planned turnaround activity at the El Segundo refinery. International refinery crude-input volumes increased, primarily reflecting lower maintenance activities at multiple refineries.
News For CVX From The Last 14 Days
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July 1, 2015
18:20 EDTCVXShell CEO says Opec production has pressured shale companies, FT reports
In an interview with the Financial Times, Shell (RDS.A, RDS.B) CEO Ben van Beurden said Opec's decision not to cut production has sent a "powerful signal... to shale oil companies as well as their financiers that they cannot forget the price risk. The industry will remember it for some time." The CEO noted that industry efforts to boost efficiency and cut costs should keep production going for "a while to come... until the sweet spots start running out." Publicly traded companies in the space include Chevron (CVX), Anadarko Petroleum (APC), Exxon Mobil (XOM), BP (BP), Marathon Oil (MRO), BHP Billiton (BHP), ConocoPhillips (COP), Pioneer Natural Resources (PXD), EOG Resources (EOG), Concho (CXO), Whiting Petroleum (WLL), and Continental Resources (CLR). Reference Link
08:09 EDTCVXSynchrony Financial, Chevron announce enhanced credit card loyalty programs
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June 30, 2015
12:43 EDTCVXChevron management to meet with UBS
Meetings to be held in Frankfurt on June 30 and in Paris on July 1 hosted by UBS.
June 25, 2015
13:08 EDTCVXPenn Virginia higher after blog speculates on another deal
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12:07 EDTCVXBP said to make $8/share bid for Penn Virginia, Proactive Investors blog says
BP (BP) has made a $8 per share takeover bid for Penn Virginia (PVA), but the latter rejected the bid and is "holding out" for at least $10 per share, UK investor blog Proactive Investors claimed, citing people familiar with the matter. ExxonMobil (XOM) and Chevron (CVX) may also be interested in buying Penn Virginia, according to Proactive, which identifies itself as a "leading multi-media news organisation, investor portal and events management business." Penn Virginia shares are up 7% in midday trading following the report from the blog, which was previously credited for a report on alleged takeover advances made toward drugmaker Receptos (RCPT). Reference Link
09:34 EDTCVXActive equity options trading on open
Active equity options trading on open: AAPL FB NFLX AMZN BAC CVX TWTR INTC GILD BBBY
June 24, 2015
07:19 EDTCVXU.K. panel to decide on first fracking in area since 2011, WSJ reports
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June 19, 2015
09:27 EDTCVXPacific Drilling tender canceled by Chevron, says Raymond James
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June 18, 2015
06:22 EDTCVXPetrovietnam says acquires Chevron's Vietnam assets
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