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Warren Buffett's Berkshire Hathaway Buys 9.9 Million Additional Shares Of Occidental Petroleum
Sunday, July 3, 2022 - 1:01pm | 199Read More...Warren Buffett-owned Berkshire Hathaway Inc. (NYSE: BRK-A) has picked up 9.9 million additional shares of Occidental Petroleum Corporation (NYSE: OXY). According to the U.S. Securities and Exchange Commission filing, Berkshire paid close to $582 million for the shares. Berkshire...
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Further Upside For Chevron Is Unjustified, BMO Analyst Says
Wednesday, October 18, 2017 - 2:39pm | 425Read More...With Chevron Corporation (NYSE: CVX)'s stock trading in line with BMO Capital Market's price target, the research firm downgraded shares of the company. A widening valuation multiple isn't justifiable, despite Chevron's promising growth prospects in the Permian and a ramp of...
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Floor Trader: Why Goldman Is Wrong (Again) On $20 Oil Prediction
Monday, September 14, 2015 - 7:58am | 508Read More...Tim Anderson was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Crude oil prices are down substantially over the past 52 weeks. The United States Oil Fund LP (NYSE: USO) is down 57 percent, while the VelocityShares 3X Long Crude...
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Chevron Cash Reserves Spark Acquisition Speculation
Thursday, December 6, 2012 - 10:51am | 472Read More...Chevron Corporation (NYSE: CVX), the world's fourth largest energy company, reported decreased oil and natural gas production in the third quarter, the lowest levels for the company since 2008. Last month, the company reported pumping 3.2 percent less oil for the third quarter compared to the same...
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Chesapeake Energy Continues Asset Sales to Pay Down Debt
Wednesday, September 12, 2012 - 12:11pm | 260Read More...Chesapeake Energy (NYSE: CHK) announced that it has reached an agreement to sell gas fieilds in the Permian basin and other assets for $6.9 billion. The Oklahoma City company needs to sell some of its oil and gas interests to fill a funding gap that analysts estimate at $4 billion in 2013. The...
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J.P. Morgan Updates On XOM And CVX Analyst Meetings
Monday, March 21, 2011 - 7:39am | 162Read More...J.P. Morgan issued a report following their attendance at the 2011 analyst meetings for Exxon Mobile Corporation (NYSE: XOM) and Chevron Corporation (NYSE: CVX). J.P. Morgan writes, "We believe that N-rated XOM and N-rated COP are favorably positioned relative to N-rated CVX, with XOM positioned...
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Chevron Announces Atlas Energy Acquisition
Thursday, November 11, 2010 - 9:01am | 213Read More...Deutsche Bank has published a research report on Chevron Corporation (NYSE: CVX) after the company announces its acquisition of Atlas Energy for which it has provided few details. In the report, Deutsche Bank writes "DB is restricted on Atlas and offers no opinion on the announced deal. (This...
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Deutsche Bank Forecasts Chevron Corporation EPS of $2.21
Monday, November 1, 2010 - 8:49am | 85Read More...In a report released this morning, Deutsche Bank said that if crude prices rise and the US$ falls, Chevron Corporation's (NYSE: CVX) earnings will take a hit. “4Q will be far more neutral in this regard and we now forecast EPS of $2.21,” Deutsche Bank writes. “As implied above, after the sustained...
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Chevron: Strong Balance Sheet & No Ties To Oil In Iraq
Thursday, September 9, 2010 - 9:25am | 176Read More...Chevron Corporation (NYSE: CVX) is believed by its CEO John Watson to have the best business model amongst its peers, which focuses on crude oil more so than natural gas and upstream vs. downstream, as reflected by highest profit per barrel, Oppenheimer reports. CVX is the only major oil company...
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Chevron Corporation (CVX) Cutting 2,000 Jobs
Tuesday, March 9, 2010 - 9:58am | 89Read More...Chevron Corporation (NYSE: CVX) announced that it will eliminate 2,000 jobs in an employee reduction program beginning this year and running through 2011. The move is being made in order to reduce costs in the company's refining business. On an after tax basis, 1st quarter severance charges will be...
