KEY TAKEAWAYSExxonMobil's daily production reached the highest level in at least a quarter-century, driving second-quarter earnings that surpassed expectations.Weak non-U.S. and refinery results left Chevron's second-quarter profit short of consensus projections.Chevron announced key leadership changes and plans to relocate to Houston, Texas from California. ExxonMobil (XOM) fared much better than rival Chevron (CVX) despite record-high production in Texas' oil-and-gas-rich Permian Basin for both, as the U. ...

Oil giant Chevron is moving its headquarters to Texas from California, the latest company to exit the Golden State.The company on Friday announced its planned corporate relocation to Houston from San Ramon, where it has long been based.“The company expects all corporate functions to migrate to Houston over the next five years,” Chevron said. “Positions in support of the company’s California operations will remain in San Ramon.”Chevron said about 2,000 of its employees work in San Ramon at the moment and 7,0 ...

Chevron Corporation (CVX) reported adjusted second-quarter earnings per share of $2.55, lagging the Zacks Consensus Estimate of $2.88 and declining from the year-ago adjusted profit of $3.08. The underperformance stemmed from weaker natural gas realizations, plus a dip in refined product sales margins. This was partly offset by higher-than-expected U.S. production in the company’s key upstream segment. The unit’s domestic output of 1,572 thousand oil-equivalent barrels per day (MBOE/d) came in above the con ...

One of the goals of investing should be to put your portfolio on autopilot. Fill it with quality companies and then set it and forget it. The benefit of the strategy is it removes the temptation to trade in and out of stocks.JPMorgan Asset Management found that over the 20-year period between January 2003 and December 2022, if an investor put $10,000 into the S&P 500 and then left it alone for two decades, he would have almost $65,000 at the end.If that same investor tried to time his entry and exit points ...

业绩总结 - 公司宣布向股东返还60亿美元现金[8][33] - 预计到2026年，产量将增加50%，达到每日300万桶[15] - 单位钻井成本降低30%[16] - 预计到2025年，Permian产量将达到每日100万桶[19] - 特殊项目对报告收益的影响为130亿美元，总特殊项目金额达到310亿美元[50] - 调整后的ROCE收益为4,789亿美元，较总报告收益略高[52] - 调整后的ROCE为10.4%，略高于ROCE的9.9%[53] - 现金流量运营中，除去营运资本变动后的现金流量为8,726亿美元[55] - 净债务比率为10.7%，总调整债务加上雪佛龙公司股东权益为178,409亿美元[57] 项目进展 - 公司正在推进ACES氢能项目[9] - 创纪录的Permian产量[10] - Geismar可再生柴油厂扩建正在进行中[11] - Hess合并获得股东批准[12] - 公司正在进行100多个温室气体减排项目[13] 收益变动 - 美国上游收益在第二季度较第一季度下降了29亿美元，主要受到实现收益的影响[59] - 国际上游收益在第二季度较第一季度下降了259亿美元，主要受到外汇和实现收益的影响[62] - 美国下游收益在第二季度较第一季度下降了190亿美元，主要受到利润率和时间效应的影响[67] - 国际下游收益在第二季度较第一季度下降了310亿美元，主要受到利润率和时间效应的影响[72]

Oil giant Chevron is moving its headquarters to Texas from California, the latest company to exit the Golden State. The company on Friday announced its planned corporate relocation to Houston from San Ramon, where it has long been based.CLICK HERE TO READ MORE ON FOX BUSINESS "The company expects all corporate functions to migrate to Houston over the next five years," Chevron said. "Positions in support of the company’s California operations will remain in San Ramon." Chevron said about 2,000 of its employe ...

Using an Olympics reference, Chevron Corporation NYSE: CVX failed to stick the landing when it reported second-quarter earnings before the market opened on August 2. The company delivered a mixed report, with revenue coming in slightly higher than expected but earnings coming in lighter due to lower refining margins and natural gas prices. Chevron TodayCVXChevron$152.58 -7.89 (-4.92%) 52-Week Range$139.62▼$171.70Dividend Yield4.27%P/E Ratio14.04Price Target$185.59Add to WatchlistAs is frequently the case wi ...

Key TakeawaysChevron's second-quarter revenue beat estimates but earnings missed expectations.The company said it increased global oil production 11% from the same time last year, but lower margins on its refined products squeezed its earnings.Chevron also announced plans to move the company's headquarters to Houston, Texas from San Ramon, California. Chevron (CVX) reported better second-quarter revenue than analysts expected Friday, but profits missed estimates, thanks to lower margins on the oil and gas ...

Chevron (CVX) came out with quarterly earnings of $2.55 per share, missing the Zacks Consensus Estimate of $2.88 per share. This compares to earnings of $3.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -11.46%. A quarter ago, it was expected that this oil company would post earnings of $2.84 per share when it actually produced earnings of $2.93, delivering a surprise of 3.17%.Over the last four quarters, the company has s ...

An undeniable fact about equities is that it always remains in a long-term uptrend. In the last ten years, the S&P 500 Index has delivered total returns at a CAGR of 12.75%. Even if we extend the time horizon, the markets have rewarded investors. The key is good stock selection and the patience to hold. This column discusses seven blue-chip stocks that have underperformed in the recent past but have the potential to surge higher in the long term.This is a good time to look at subdued blue-chip stocks with t ...