Chevron Earnings Surge as CVX Plans to Raise Permian Production 15% to Grow Domestic Supply

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  • #34544
    TradersCom
    Keymaster

    Chevron Corp
    $166.12 -4.84 -2.83%
    After #CL_F #oil fell to test $100, and Morgan Stanley downgraded $CVX to Equal Weight from Overweight and with a $166 target on valuation

    #33063
    ThePitBoss
    Participant

    Chevron, the second-largest U.S. oil company after Exxon, on Friday said it made $6.3 billion in quarterly profit, up from about $1.4 billion in the s
    [See the full post at: Chevron Earnings Surge as CVX Plans to Raise Permian Production 15% to Grow Domestic Supply]

    #36869
    MoneyNeverSleeps
    Participant

    Warren Buffett’s Berkshire Hathaway spent $52 million scooping up another more than 900,000 shares of Occidental Petroleum, bringing the firm’s total stake to more than 143 million shares.

    Berkshire has also recently been building up its stake in peer energy company Chevron (CVX) and has amassed more than 38 million shares in its portfolio.

    #37293
    ThePitBoss
    Participant

    Chevron (CVX 172.23, +4.41, +2.6%): rising toward its record high from last week (175.65). Stock was also mentioned positively in Barron’s.

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