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J.P. Morgan Updates On XOM And CVX Analyst Meetings
Monday, March 21, 2011 - 7:39amJ.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 - 9:01amDeutsche 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 $2.21
Monday, November 1, 2010 - 8:49amIn a report released this morning, Deutsche Bank said that if crude prices rise and the US$ 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 - 9:25amChevron 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 - 9:58amChevron 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...
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