Paul Cheng

Shares of Chevron Corp (NYSE:CVX) continued to rise in early trading on Monday, after the company reported upbeat third-quarter results. The San Ramon, California-based company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Truist Securities analyst...

Shares of Exxon Mobil Corp (NYSE:XOM) climbed in early trading on Monday, after the company reported upbeat third-quarter earnings. The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Truist Securities On Exxon Mobil Analyst Neal Dingmann...

Editor’s note: This story has been updated to correct the time of Occidental’s earnings call. Occidental Petroleum Corp.’s (NYSE:OXY) second-quarter earnings exceeded analyst expectations after Wednesday’s close, but analysts still gave the oil and gas company a neutral...

Despite outperforming the E&P sector from 2012 through 2017, Diamondback Energy Inc’s (NASDAQ: FANG) relative performance has taken a significant hit since 2019 due to operational issues and investors favoring cash return business models, according to Scotiabank. The Diamondback...

Oil stocks are more under the spotlight than they have been in months given oil prices trading below $40 a barrel and an overall underwhelming earnings performance. Paul Cheng of Barclays was active this week updating his view and outlook for many names in the oil sector. Chevron Offers A...

Despite an underwhelming quarter, Barclays analyst Paul Cheng believes Chevron Corporation (NYSE: CVX) did well enough to demonstrate relative strength compared to peers Exxon Mobil Corporation (NYSE: XOM) and Royal Dutch Shell plc (ADR) (NYSE: RDS-A) (NYSE: RDS-B). According to Cheng, Chevron...

Barclays' Paul Cheng commented on Phillips 66 (NYSE: PSX)'s decreasing probability of a share buyback after the company reported disappointing results on Friday. Although EPS was in line with consensus and Cheng's estimate, the analyst believes Phillip's Q2 results will eventually have a negative...

Close on heels of the release of Valero Energy Corporation (NYSE: VLO)'s quarterly results, Barclays said the results will have a positive impact in the near term. Notwithstanding the potential upside, the firm believes the shares are inexpensive based on its sum-of-the-parts analysis and price/...

Barclays has downgraded Phillips 66 (NYSE: PSX) to Equal Weight from Overweight and cut the price target to $86 from $93, citing limited upside in shares. "[W]e see limited upside, especially if/when refining margins rebound and offer greater valuation growth potential to its large-cap peers (...

Barclays has upgraded Murphy Oil Corporation (NYSE: MUR) shares to Overweight from Equal Weight on valuation. Rating, Target And Estimate "We think the risks associated with the stock are already well known and have been priced in by the market. Despite their strong performance YTD, the shares...

It could be a mixed bag this earnings season for oil investors. Barclays analyst Paul Cheng expects oil majors will beat earnings expectations in Q2, but refiners could come up short once again. Barclays projections are good news for oil majors investors, but Cheng notes consensus estimates are a...