FTC Probes Hess, Occidental Executives Over OPEC Communications; US Antitrust Agency Seeks Signs Of Price, Supply Coordination
$CVX
$HES
Integrated oil Companies
Energy
Integrated oil Companies
Energy
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| Company | Date | Price Target | Rating | Analyst |
|---|---|---|---|---|
| 11/5/2024 | $170.00 | Hold → Buy | DZ Bank | |
| 10/17/2024 | $168.00 | Buy | BofA Securities | |
| 9/30/2024 | $150.00 | Peer Perform → Outperform | Wolfe Research | |
| 7/18/2024 | Peer Perform | Wolfe Research | ||
| 7/18/2024 | Peer Perform | Wolfe Research | ||
| 7/17/2024 | $183.00 → $167.00 | Outperform → Mkt Perform | Bernstein | |
| 4/29/2024 | $155.00 → $160.00 | Hold | TD Cowen | |
| 4/11/2024 | $195.00 | Sector Perform → Sector Outperform | Scotiabank |
4 - HESS CORP (0000004447) (Issuer)
4 - HESS CORP (0000004447) (Issuer)
4 - CHEVRON CORP (0000093410) (Issuer)
Investors with a lot of money to spend have taken a bearish stance on Chevron (NYSE:CVX). And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CVX, it often means somebody knows something is about to happen. So how do we know what these investors just did? Today, Benzinga's options scanner spotted 13 uncommon options trades for Chevron. This isn't normal. The overall sentiment of these big-money traders is split between 23% bullish and 61%, bearish. Out of all of the special option
Oil stocks fell early Monday amid concerns that Vice President Kamala Harris could take a tougher stance on the oil and gas industry if she becomes the Democratic presidential nominee and wins the race for the White House. As California attorney general, Harris filed lawsuits against fossil fuel companies, supported reducing greenhouse gas emissions, and pushed for a ban on fracking, according to Offshore Technology. Harris has also been critical of offshore oil exploration and defended California's Low Carbon Fuel Standard. This potential shift in the political landscape has investors worried, with oil majors seeing declines on Monday. Oil Stocks Feeling The Heat At the time of
Truist Securities analyst Neal Dingmann maintains Chevron (NYSE:CVX) with a Hold and lowers the price target from $166 to $156.
Hess Corporation (NYSE:HES) announced today that John Hess, Chief Executive Officer, will participate in a Keynote Fireside Chat at the Wolfe Research Oil & Gas Conference Wednesday, November 20 at 7:50 a.m. Eastern Time. A live audio webcast and a replay of the discussion will be accessible via Hess Corporation's website. Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/. Cautionary Statements This presentation may contain projections and other forward-looking statements within the meaning of Section 27A of the Securities A
Reported earnings of $4.5 billion; cash flow from operations of $9.7 billion Returned record $7.7 billion cash to shareholders Started up key U.S. Gulf of Mexico projects Optimizing portfolio with announced $6.5 billion sale of Canadian assets Chevron Corporation (NYSE:CVX) reported earnings of $4.5 billion ($2.48 per share - diluted) for third quarter 2024, compared with $6.5 billion ($3.48 per share - diluted) in third quarter 2023. Foreign currency effects decreased earnings by $44 million. Adjusted earnings of $4.5 billion ($2.51 per share - diluted) in third quarter 2024 compared to adjusted earnings of $5.7 billion ($3.05 per share - diluted) in third quarter 2023. See Attach
Third Quarter Financial and Operational Highlights: In September, the Corporation announced a 14% increase in its quarterly dividend, to $0.50 per share ($2.00 per share annualized) Net income was $498 million, or $1.62 per share, in the third quarter of 2024, compared with net income of $504 million, or $1.64 per share, in the third quarter of 2023 Adjusted net income1 was $660 million, or $2.14 per share, in the third quarter of 2024, compared with net income of $504 million, or $1.64 per share, in the third quarter of 2023 E&P oil and gas net production was 461,000 barrels of oil equivalent per day (boepd), up 17% from 395,000 boepd in the third quarter of 2023 Bakken net produ
S-3ASR - CHEVRON CORP (0000093410) (Filer)
10-Q - CHEVRON CORP (0000093410) (Filer)
10-Q - HESS CORP (0000004447) (Filer)
DZ Bank upgraded Chevron from Hold to Buy and set a new price target of $170.00
BofA Securities resumed coverage of Chevron with a rating of Buy and set a new price target of $168.00
Wolfe Research upgraded Hess from Peer Perform to Outperform and set a new price target of $150.00
Reported earnings of $4.5 billion; cash flow from operations of $9.7 billion Returned record $7.7 billion cash to shareholders Started up key U.S. Gulf of Mexico projects Optimizing portfolio with announced $6.5 billion sale of Canadian assets Chevron Corporation (NYSE:CVX) reported earnings of $4.5 billion ($2.48 per share - diluted) for third quarter 2024, compared with $6.5 billion ($3.48 per share - diluted) in third quarter 2023. Foreign currency effects decreased earnings by $44 million. Adjusted earnings of $4.5 billion ($2.51 per share - diluted) in third quarter 2024 compared to adjusted earnings of $5.7 billion ($3.05 per share - diluted) in third quarter 2023. See Attach
Third Quarter Financial and Operational Highlights: In September, the Corporation announced a 14% increase in its quarterly dividend, to $0.50 per share ($2.00 per share annualized) Net income was $498 million, or $1.62 per share, in the third quarter of 2024, compared with net income of $504 million, or $1.64 per share, in the third quarter of 2023 Adjusted net income1 was $660 million, or $2.14 per share, in the third quarter of 2024, compared with net income of $504 million, or $1.64 per share, in the third quarter of 2023 E&P oil and gas net production was 461,000 barrels of oil equivalent per day (boepd), up 17% from 395,000 boepd in the third quarter of 2023 Bakken net produ
Hess Corporation (NYSE:HES) announced today that on Wednesday, October 30 it will issue its third quarter earnings press release and post supplemental earnings information on its website at www.hess.com. The company will not hold a conference call due to the definitive agreement announced on October 23, 2023 for Hess to be acquired by Chevron, subject to the agreement's closing conditions. Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/. Forward-looking Statements Certain statements in this release may constitute "forward-look
SC 13G/A - HESS CORP (0000004447) (Subject)
SC 13G/A - HESS CORP (0000004447) (Subject)
SC 13G/A - HESS CORP (0000004447) (Subject)
SilverBow Resources, Inc. (NYSE:SBOW) ("SilverBow" or "the Company") announced today that Leland "Lee" T. Jourdan has been appointed to the SilverBow Board of Directors (the "Board"), effective March 27, 2024. Mr. Jourdan's appointment is part of SilverBow's long-term and ongoing director search program conducted over the last 18 months with the assistance of a globally recognized search firm. Mr. Jourdan has deep experience in the oil and gas industry, and his leadership and accomplishments in promoting diversity, equity and inclusion ("DEI") have been widely recognized. He brings a demonstrated track record in international commercial and business development, mergers and acquisitions,
After 33 years of distinguished service, Mark Ross, President of Chevron Shipping Company, has elected to retire effective May 1, 2024. Barbara Pickering, currently Vice President of Operations, Chevron Shipping Company, will succeed Mark as President. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240124396325/en/Mark Ross, President, Chevron Shipping Company (Photo: Business Wire) Mark has led Chevron Shipping Company since 2015. Prior to that, he served as Vice President of Operations of the company for four years. He joined Chevron in 1990 and has held positions of increasing responsibility in Chevron's Midstream, Upstream,
Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company") today announced that Hodge Walker has been appointed Chief Operating Officer, effective April 5, 2023. He will replace Matt Owens who has left the company. Chris Doyle, President and CEO, said, "On behalf of the Board of Directors and the Company, I am pleased to welcome Hodge to Civitas. With more than 25 years of industry experience, Hodge has a proven track record of successfully leading teams and driving a culture of operational excellence. I am confident he will help advance our already strong team and our commitment to safe, efficient, and responsible operations. Finally, I would like to thank Matt for the significant