6:26am ET
Energy
Brent Moves Above $114
Oil prices has reached a three-month high of about $114 for a barrel of Brent crude. The spike in prices has at least three causes. The first is the explosion of a…
Douglas A. McIntyre
Companies
/Energy
Chevron Corp
$204.45
▼ $1.20 (−0.58%) today
Markets closed · 4:00pm ET
CVX Coverage
Page 128 Douglas A. McIntyre 6:24am ET
Investing
What’s Important in the Financial World (8/13/2012)
The “lockup” of shares held by investors who took part in rounds of Facebook Inc.’s (NASDAQ: FB) funding that happened before the firm’s initial public offering will end on August 16. Many…
3:01pm ET
Energy
Gas Prices Jump on Refining Worry
Gasoline prices have begun to move higher, in large part due to a refinery fire at a Chevron (NYSE: CVX) refinery in California. Gas prices have fallen for nearly three months, a…
Douglas A. McIntyre 6:56am ET
Energy
Gas Prices Same as Last Year
AAA Fuel Gauge data show that gasoline prices are higher than a year ago for the first time since April. The report shows the average price nationwide for a gallon of regular…
Douglas A. McIntyre 6:48am ET
Investing
What’s Important in the Financial World (8/10/2012)
China’s exports rose only 1% in July, another sign of a sharp deceleration of economic activity around the world. Imports moved higher by 4.7%, so at least there is some hope this…
Douglas A. McIntyre 6:57am ET
Energy
Chevron Refinery Explosion
A drop in the supply of oil from the North Sea and the explosion at a Chevron Corp. (NYSE: CVX) refinery in California show just how fragile the crude supply chain is.…
Douglas A. McIntyre 6:38am ET
Investing
What’s Important in the Financial World (8/9/2012)
Foreclosure starts increased for the third month in a row in July, according to industry research group RealtyTrac. The firm reported: U.S. Foreclosure Market Report for July 2012, which shows foreclosure filings…
Douglas A. McIntyre 10:54am ET
Energy
Crude Inventories Fall Sharply, Prices Jump
The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories fell by 3.7 million barrels last week, bringing the total U.S. commercial crude inventory…
Paul Ausick 9:32am ET
Energy
Chevron Earnings Report Highlights Refining Sector Sweet Spot
Chevron Corp. (NYSE: CVX) managed to beat earnings despite a large drop in revenue. The oil giant reported earnings of $3.66 per share, some $0.42 better than the consensus estimate of $3.24…
7:32am ET
Investing
U.S. Stock Futures Rise Ahead of Q2 GDP Report
U.S. stocks are poised to open higher as investors await the first reading on second-quarter U.S. GDP, and after encouraging remarks from Europe’s central bank about supporting the euro. Economists predict the…
Trey Thoelcke 4:04pm ET
Investing
24/7 Wall St. Closing Bell — July 26, 2012: Market Jumps on ECB President’s Vow
The three major US stock indexes opened higher this morning following European Central Bank president Mario Draghi’s promise to “do whatever it takes to preserve the euro” (our coverage here). What he…
8:19am ET
Energy
Iraq Shoots Down Chevron
The government of Iraq has barred Chevron Corp. (NYSE: CVX) from bidding on lease contracts in central and southern Iraq, following the company’s deal with India’s Reliance Industries last week in which…
7:42am ET
Energy
China’s CNOOC Swallows Canadian Oil and Gas Company
China’s largest offshore oil and gas company, CNOOC Ltd. (NYSE: CEO), has agreed to acquire Canadian oil and gas firm Nexen Inc. (NYSE: NXY) for $15.1 billion in cash, or $27.50 per…
Paul Ausick 9:39am ET
Energy
BofA/Merrill Lynch Cuts 2012 & 2013 S&P 500 Targets
Bank of America Merrill Lynch is cutting its expectations on the S&P 500 Index, and therefore ultimately on the SDPR S&P 500 (NYSEMKT: SPY)i n its Macro/Investment Strategies call. Today’s downgrade was on…
8:29am ET
Investing
Top Analyst Upgrades & Downgrades (ADTN, AMCX, ADM, BBVA, BHP, CSIQ, CVX, DAL, FDO, FDX, HSH, JBLU, LXK, LDK, MRK, PG, RHT, LUV, SPWR, SVU, TSN, UAL, VLO, DIS)
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Thursday. There are many reports this morning! ADTRAN Inc. (NASDAQ: ADTN) Cut to Hold…