NASDAQ 100 % ()
FTSE 100 % ()
DOLLAR INDEX % ()
BTC/USD % ()
EUR/USD % ()
GBP/USD % ()
GOLD % ()
SILVER % ()
CRUDE OIL % ()

CVX

Chevron Corporation New York Stock Exchange
$92.39
Open: $94.9 High: $95.51 Low: $89.64 Close: $91.73
Range: 2021-01-21 - 2021-01-22
Volume: 16,012,588
Market: Closed
Powered by Finage Stock APIDelayed data
CVX
Chevron Corporation 6001 Bollinger Canyon Road San Ramon CA, 94583-2324 http://www.chevron.com
Chevron Corp engages in the exploration, production, and refining operations worldwide. Its oil refineries are spread across the United States, South Africa, and Asia with an approximate capacity of 2 million barrels of oil a day.
  • CEO: Michael K. Wirth
  • Employees: 51,900
  • Sector: Energy
  • Industry: Oil & Gas - Integrated
CVX News
Latest news about the CVX
  • 3 High-Yield Stocks at Rock-Bottom Prices

    Firming crude oil prices have supported energy stocks in the new year. But some of them sure have more room to run.

    View More →
  • 10 Blue Chip Dividend Stocks Hedge Funds Are Buying

    In this article, we presented the 10 blue-chip dividend stocks hedge funds are buying. Click to skip ahead and see 5 Blue Chip Dividend Stocks Hedge Funds are Buying. 2020 was one of the worst years for dividend and dividend growth stocks as pandemic and economic meltdown have strongly impacted cash flow generation of dividend-paying […]

    View More →
  • Better Buy: ExxonMobil vs. Chevron

    In the battle between U.S. energy giants Chevron and Exxon, one company comes out on top. Here's why.

    View More →
  • What America's energy policy might look like under Biden's presidency

    American Petroleum Institute CEO Mike Sommers joined Yahoo Finance Live to discuss the energy sector's outlook is under the Biden's administration.

    View More →
  • Q4 Earnings Season Scorecard and Analyst Reports for Amazon, JPMorgan & Pfizer

    Q4 Earnings Season Scorecard and Analyst Reports for Amazon, JPMorgan & Pfizer

    View More →
  • Chevron (CVX) Expected to Beat Earnings Estimates: Should You Buy?

    Chevron (CVX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

    View More →
  • What Is A Dividend? Plus The 5 Best Dividend Stocks Now

    What is a dividend and which companies have the best-yielding dividends? Read on for a primer on how best to approach this method of investing.

    View More →
  • Some Oil Stocks Fall Hard on Biden Order to Stop Drilling on Federal Land

    Murphy Oil, which produces from hundreds of square miles in the Gulf of Mexico, fell 14%. EOG Resources and Devon Energy both fell more than 7% on the day.

    View More →
  • 6 Stocks to Buy for the Next Oil-Price Surge

    Oil companies are about to report downbeat results for the fourth quarter, but Goldman Sachs analyst Brian Singer says the figures have the potential to lift the stocks.

    View More →
  • Chevron's (CVX) Pipeline Venture to Ship Israel's Gas to Egypt

    Chevron (CVX) along with other energy players aims to pump nearly $235 million into pipelines to dispatch Israel's natural gas to Egypt.

    View More →
  • Big Oil Takes Unsteady Steps to Cut Transition Risk

    (Bloomberg) -- Of the biggest U.S. oil and gas companies, EOG Resources Inc. is the least prepared for a low-carbon economy, according to BloombergNEF.That’s based on an analysis of the company’s business-model transition risk. The overall research focuses on which companies are developing low-carbon revenue streams by investing in renewables; whether (or not) they’re expanding their fossil-fuel operations; and how threatened their current business is to the potential decline in oil demand.EOG, the largest shale-focused independent oil company, scored the worst, partly because pure exploration and production companies face more transition risk, according to BNEF. Integrated companies tend to have stronger financial positions and a greater variety of skills that enable them to invest in and develop low-carbon businesses.Investment in scalable, low-carbon business models is the most important part of BNEF’s score, said Jonas Rooze, BNEF’s head of sustainability research.“EOG is doing nothing in areas like clean energy, hydrogen or carbon capture, as far as we can tell,” Rooze said. The company has poor scores on all its transition activities, he said.In response to the BNEF assessment, Houston-based EOG said its long-term strategic planning process involves an analysis of “market forces that present risks and opportunities to our business plans and strategy.” The company said it has set up the EOG Sustainable Power Group to identify and implement low-emissions electricity generation to reduce its “carbon footprint with favorable economics,” including the recent startup of an eight-megawatt solar and natural gas hybrid electric power station.Chevron Corp. is in the best position relative to its biggest U.S. competitors, such as Exxon Mobil Corp., ConocoPhillips and Occidental Petroleum Corp., according to the study. The company is exploring renewables, electric-vehicle charging and battery systems, and making some clean-energy acquisitions. Its activities in carbon capture and storage in particular rival the best in the world, Rooze said. Last week, Chevron said it’s investing in a California startup that captures carbon dioxide from factories and then converts the greenhouse gas into gravel and other building materials.Chevron still lags far behind European rivals, including Royal Dutch Shell Plc, Total SE and Equinor ASA, in most other investment areas, Rooze said. Where Chevron is installing dozens of megawatts of renewables or EV charging points, the European companies are installing hundreds or even thousands in some cases, he said.BloombergNEF is working with Bloomberg Intelligence (BI), both of which are research centers within Bloomberg LP, on climate transition scores for 39 major oil and gas companies. The scores are designed for investors to identify companies most threatened by accelerating global climate action and technological transformation, and to understand the material transition factors affecting the industry.BI is focused on the companies’ current carbon performance and future targets, while BNEF examines transition risks posed by current business models and how companies are adapting their models.It’s not all about whether a company is engaging with low-carbon technologies. For example, in the face of declining oil demand, companies are more likely to be forced to write down the value of their reserves if they’re unable to produce it competitively, or if it will take them many years to produce all of it. Meanwhile, companies like EOG that devote significant funds to high-carbon activities rather than transition to cleaner energy are actively increasing their transition risk, Rooze said.“Setting up low-carbon businesses represents the opportunity side of the equation,” he said. “But these are still oil and gas companies and you can't measure the risks without getting to grips with that.”Sustainable Finance in Brief Investors managing more than $2 trillion of assets are calling on world leaders to address the “unfolding humanitarian crisis at sea” where marine workers are stranded due to border closures and restrictions on movement imposed to contain Covid-19. Fidelity Investments and Capital Group ranked the worst of the world’s 10 biggest asset managers last year on pushing high-carbon emitters to curb their role in global warming. China is set to post the fastest growth in Asia for environmental, social and governance investments after the country boosted exchange-traded fund assets 18-fold in the past two years. Total SE became the first oil major to quit the influential American Petroleum Institute due to a clash on climate change policy. Allianz SE may cut investments in stocks and bonds issued by emissions-intensive companies as it steers away from businesses that foment global warming.Bloomberg Green publishes the Good Business newsletter every Wednesday, providing unique insights on climate-conscious investing and the frontiers of sustainability.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

    View More →
  • River Valley Community Bancorp Announces 4th Quarter and Annual Results (Unaudited)

    YUBA CITY, Calif., Jan. 19, 2021 (GLOBE NEWSWIRE) -- River Valley Community Bancorp (OTC markets: RVCB) with its wholly owned subsidiary, River Valley Community Bank (collectively referred to as the “Bank”), today announced financial results for the quarter and year ended December 31, 2020. Consolidated financial highlights: Total assets ended the year at $496.5 million as of December 31, 2020 compared to $442.3 million as of December 31, 2019 and $531.1 million as of September 30, 2020. Much of the growth during 2020 was attributable to (1) loans originated under the federal government’s Paycheck Protection Program (PPP) and (2) non-PPP related growth in the Bank’s deposit base, which were partially offset by a reduction in borrowings. Net income for the quarter ended December 31, 2020 totaled $1.4 million or $0.57 per diluted share compared to $964,000 or $0.39 per diluted share for the quarter ended December 31, 2019 and $1.3 million or $0.54 per diluted share for the quarter ended September 30, 2020.Net interest income totaled $3.9 million for the quarter ended December 31, 2020 compared to $3.2 million for the quarter ended December 31, 2019 and $3.6 million for the quarter ended September 30, 2020. Selected Consolidated Financial Information - Unaudited(dollar amounts in thousands, except per share data) As of Dec 31, Sep 30, Jun 30, Mar 31, Dec 31, 2020 2020 2020 2020 2019 Total investment securities $168,939 $181,460 $180,043 $176,005 $174,755 Total loans, gross 257,740 263,621 261,631 206,026 203,355 Allowance for loan losses (3,470) (3,518) (3,518) (2,768) (2,546)Total assets 496,487 531,065 514,768 468,714 442,310 Total deposits 445,162 400,774 387,378 342,172 337,129 Borrowings - 80,000 80,000 85,000 65,000 Total shareholders' equity 46,782 45,731 43,195 39,047 37,797 Loan to deposit ratio 58% 66% 68% 60% 60% Book value per common share $19.60 $19.16 $18.24 $16.57 $15.95 Subsidiary Bank's Tier 1 leverage ratio 8.01% 7.36% 7.35% 7.92% 8.20% Total gross loans were $257.7 million as of December 31, 2020, which represents an increase of $54.4 million or 26.7% from $203.4 million as of December 31, 2019. When excluding PPP loans, the Bank experienced loan growth of 4.5% since December 31, 2019. As of December 31, 2020, $11.1 million of the $56.4 million originated PPP loans had been forgiven with full payments received from the Small Business Administration. Total deposits of $445.2 million as of December 31, 2020 represent an increase of $108.0 million or 32.0% from $337.1 million as of December 31, 2019. The growth in deposits is partially due to PPP loan funds being deposited with the Bank until utilized by the borrowers, but organic deposit growth was also strong during 2020. As of December 31, 2020, the Bank’s non-performing assets totaled $235,000. Borrowers with loans totaling approximately $29 million elected to utilize the Bank’s payment deferral program during the second quarter, which permitted them to defer contractually required principal and interest payments for a period of up to six months. As of December 31, 2020, all such borrowers have either (1) continued to make payments during the deferral period or (2) have resumed making payments following the end of their deferral period. In both cases, the borrowers are current with respect to contractually required principal and interest payments. Selected Consolidated Financial Information - Unaudited (continued)(dollar amounts in thousands, except per share data) For the Year Ended Dec 31, Dec 31, Variance 2020 2019 Amount Percent Total interest income $15,942 $15,561 $381 2.5% Total interest expense 1,775 3,204 (1,429) -44.6% Net interest income 14,167 12,357 1,810 14.6% Provision for loan losses 1,000 385 615 159.7% Total noninterest income 3,260 1,297 1,963 151.4% Total noninterest expense 10,814 7,587 3,227 42.5% Net income 4,129 4,159 (30) -0.7% Earnings per share - basic $1.74 $1.75 $(0.01) -0.6% Earnings per share - diluted $1.69 $1.68 $0.01 0.6% Net interest margin 3.00% 3.20% -0.20% -6.3% Net interest margin - tax equivalent 3.05% 3.25% -0.21% -6.3% Efficiency ratio 72.27% 58.54% 13.73% 23.5% Return on average assets 0.84% 1.02% -0.19% -18.1% Return on average equity 9.64% 11.77% -2.12% -18.0% Selected Consolidated Financial Information - Unaudited (continued)(dollar amounts in thousands, except per share data) For the Quarter Ended Dec 31, Sep 30, Jun 30, Mar 31, Dec 31, 2020 2020 2020 2020 2019 Total interest income $4,087 $3,933 $3,945 $3,977 $4,031 Total interest expense 228 366 447 733 838 Net interest income 3,859 3,567 3,497 3,244 3,192 Provision for loan losses - - 750 250 105 Total noninterest income 1,617 322 131 1,189 240 Total noninterest expense 3,553 2,081 2,039 3,142 1,998 Net income 1,405 1,324 652 748 964 Earnings per share - basic $0.59 $0.56 $0.28 $0.32 $0.41 Earnings per share - diluted $0.57 $0.54 $0.27 $0.31 $0.39 Net interest margin 3.24% 2.85% 2.92% 3.00% 3.09% Net interest margin - tax equivalent 3.29% 2.90% 2.97% 3.03% 3.12% Efficiency ratio 87.72% 53.51% 56.18% 92.52% 59.49% Return on average assets 1.13% 1.02% 0.52% 0.66% 0.89% Return on average equity 12.18% 11.69% 6.45% 7.59% 9.99% Net interest income of $3.9 million for the quarter ended December 31, 2020 is an increase of $667,000 or 20.9% from the quarter ended December 31, 2019 and an increase of $292,000 or 8.2% (32.7% annualized) from the quarter ended September 30, 2020. The quarter-over-quarter increase is primarily attributable to loan fees recognized upon the forgiveness of PPP loans during the quarter ended December 31, 2020. An expense of $1.4 million was recognized during the quarter ended December 31, 2020 for costs related to the early repayment of outstanding borrowings, which was offset by a comparable gain from the sale of $9 million of corporate investment securities. CFO Michael Finn commented, “With stronger than expected deposit growth during 2020 and the resulting impact on the Bank’s capital ratios, during the quarter ended December 31, 2020, management elected to use excess cash balances to repay $80 million of FHLB borrowings. As a result of this transaction, the Bank’s Tier 1 leverage ratio improved to 8.01% as of December 31, 2020. Additionally, we anticipate improved net interest income going forward (all else remaining equal), as previous borrowing costs exceeded the earnings from the cash and investment securities used in the transaction. While the debt restructurings that occurred during 2020 improved earnings in the current and future years, the related prepayment penalties incurred caused a temporary increase in the Bank’s efficiency ratio for the year 2020, which would have been 56.70% if not for the debt restructurings.” CEO John M. Jelavich stated, “After experiencing considerable uncertainty in the first half of 2020 related to the ongoing COVID-19 pandemic, we were encouraged to see stabilization in the second half of the year, as businesses quickly adapted to the environment and government stimulus measures provided support. While we increased our allowance for loan losses as a precaution during the first half of the year, we saw no meaningful deterioration in our credit portfolio as we concluded 2020. That said, the pandemic is still present, and we remain attentive to our borrowers and stand ready to take mitigating action if needed.” Jelavich continued, “The bank also demonstrated its adaptability by not only serving our communities during this challenging year, but we also successfully opened our fourth branch in Marysville in August, which is off to a strong start. Further, our Auburn branch, which opened in late 2018, achieved stand-alone profitability in 2020, of which we are very proud.” “We enter 2021 well positioned in all four of our markets and carry good momentum into the new year. I am encouraged by recent developments in the bond markets, as moderately increasing rates and a steepening of the yield curve are a reflection of a recovering economy and could provide further wind in our sails in 2021.” Jelavich concluded. The Bank remains highly rated with BauerFinancial, Depositaccounts.com and Bankrate and serves its customer base through its offices located at: 1629 Colusa Avenue, Yuba City, CA580 Brunswick Rd, Grass Valley, CA905 Lincoln Way, Auburn, CA904 B Street, Marysville, CA The Bank offers a full suite of competitive products, services, and banking technology. For more information please visit our website at www.myrvcb.com or contact John M. Jelavich at (530) 821-2469. Forward Looking Statements: This document may contain comments and information that constitute forward‐looking statements. Forward‐looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by such statements. Forward‐looking statements speak only as to the date they are made. The Bank does not undertake to update forward‐looking statements to reflect circumstances or events that occur after the date the forward‐looking statements are made.

    View More →
  • Here are Wall Street’s favorite oil stocks for a 2021 recovery

    Try big energy — fossil fuels, to be specific. A combination of supply cuts and demand increases has helped crude oil prices soar over the past 2½ months. Meanwhile, redlining by banks — more on that later — points to what may turn out to be a special advantage for the largest industry players.

    View More →
  • Chevron (CVX) Invests in San Jose-Based Carbon Capture Start-Up

    Chevron's (CVX) investment in carbon capture and utilization technologies will provide ample scope to the company to focus more on a diversified portfolio of low-carbon energy resources.

    View More →
  • French oil giant Total exits American Petroleum Institute over climate change

    Total SE exited the American Petroleum Institute, a lobbying group that counts major oil companies among its members, after deciding it wasn't aligned with the organization on climate change.

    View More →
  • The Zacks Analyst Blog Highlights: ConocoPhillips, Pioneer Natural Resources and Chevron

    The Zacks Analyst Blog Highlights: ConocoPhillips, Pioneer Natural Resources and Chevron

    View More →
  • Zacks Value Trader Highlights: Exxon Mobil, Chevron, Diamondback Energy, Pioneer Natural Resources and Magnolia Oil & Gas

    Zacks Value Trader Highlights: Exxon Mobil, Chevron, Diamondback Energy, Pioneer Natural Resources and Magnolia Oil & Gas

    View More →
  • Energy Stocks: Values or Traps in 2021?

    Energy stocks haven't yet returned to pre-pandemic highs. Is this a buying opportunity with the vaccine on the way?

    View More →
  • Chevron invests in carbon capture startup Blue Planet Systems

    U.S. oil major Chevron Corp said on Thursday it has invested in Blue Planet Systems Corp, a startup that manufactures and develops carbon capture technology to reduce carbon footprint. "This investment is made through our Future Energy Fund which focuses on startups with lower-carbon technologies that can scale commercially," said Barbara Burger, president of Chevron Technology Ventures, the venture capital division of the company. Chevron and San Jose-based Blue Planet also signed a letter of intent to collaborate on potential pilot projects and commercial development in some geographies.

    View More →
  • Chevron Invests in Carbon Capture and Utilization Startup

    Chevron Corporation (NYSE: CVX) today announced a Series C investment in San Jose-based Blue Planet Systems Corporation ("Blue Planet"), a startup that manufactures and develops carbonate aggregates and carbon capture technology intended to reduce the carbon intensity of industrial operations.

    View More →