Tag Archive | "Chevron Corporation (NYSE:CVX)"

Early Market News: BP plc (NYSE:BP), Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX)

Here are some more briefs which will affect stock prices as the day’s trading continues. The following companies should see some movement: BP plc (NYSE:BP), Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX).

Here is a more detailed look at the news that will affect each company when trading continues.

BP plc (NYSE:BP)

BP announced that a new well cap could finally stop the oil leak that has been flowing into the Gulf of Mexico for the last 12 weeks.

Testing is expected to start today and will last an estimated 6-48 hours, depending on conditions. Partly on this news, BP plc (NYSE:BP) shares have rebounded 42 percent since the end of June.

Exxon Mobil Corporation (NYSE:XOM)

As part of the terms of the recent buyout of XTO Energy by Exxon Mobil Corporation (NYSE:XOM) XTO was required to offer to purchase senior notes coming due in the next three years.

These include some 7.5 percent notes due in 2012 and some 6.25 percent notes due in 2013, though the dollar amount of the debt has not been disclosed by the either party.

Chevron Corporation (NYSE:CVX)

Things are looking good at Chevron Corporation (NYSE:CVX) as the company reports higher margins in its refining operations than originally expected.

That coupled with a stronger US dollar have put the company on the road to an upward earnings revision. Look for positive moves in Chevron Corporation (NYSE:CVX) shares as trading continues throughout the week.

There will probably be more movement when trading continues for BP plc (NYSE:BP), Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX).

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Early Market News: Chevron Corporation (NYSE:CVX), American Express Co. (NYSE:AXP), Boeing Co. (NYSE:BA)

Here’s the last batch of stories which could affect stock prices as the day continues. The following listed companies should see some movement: Chevron Corporation (NYSE:CVX), American Express Co. (NYSE:AXP) and Boeing Co. (NYSE:BA).

Here is a more detailed look at the news that will affect each company when trading continues.

Chevron Corporation (NYSE:CVX)

Until Obama’s proposed 6-month moratorium on drilling for oil in the Gulf of Mexico is settled, oil companies like Chevron Corporation (NYSE:CVX) can do little but sit and wait, with their operations in the Gulf hanging in the balances.

The bill is being modified now after being rejected once already by at US court of appeals.

American Express Co. (NYSE:AXP)

Retail spending rises for companies like McDonald’s and Coca-Cola, and this in turn means the increase is passed on to American Express Co. (NYSE:AXP). The Dow Jones Industrial Average gained 4.7% over the past three days, marking its best three-day performance since May 12.

The biggest gainers were companies like American Express Co. (NYSE:AXP) who are heavily dependant on consumer spending.

Boeing Co. (NYSE:BA)

Boeing Co. (NYSE:BA)’s future continues to point upward thanks to ever-growing global trade and commerce that require new-generation capital equipment to accommodate rising demand.

In plain terms this means increased traffic for passengers as well as freight, both internationally and in domestic markets across the world, especially those with dense populations like China and India.

We could possibly see more movement when trading continues for Chevron Corporation (NYSE:CVX), American Express Co. (NYSE:AXP) and Boeing Co. (NYSE:BA).

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Early Market News: BP plc (NYSE:BP), Chevron Corporation (NYSE:CVX), AT&T Inc (NYSE:T)

Here are some more breaking news stories which will affect stock prices as trading continues. The following listed companies should see some movement: BP plc (NYSE:BP), Chevron Corporation (NYSE:CVX) and AT&T Inc (NYSE:T).

Here is a more detailed look at the news that will affect each company when trading continues.

BP plc (NYSE:BP)

Facing pressure from all sides to stop the worst oil spill in US history, BP plc (NYSE:BP) initially forecast that its leaking Gulf oil well could be stopped between July 20 and July 27.

But that time frame was quoted assuming optimal conditions with no interruptions. Now the company is expecting the leak to be stopped sometime in August.

Chevron Corporation (NYSE:CVX)

Chevron Corporation (NYSE:CVX) receives a permit to drill in the shallow waters of the Gulf of Mexico, and decides to continue its operations there instead of claiming a “force majeure” – a clause that halts a contract because of natural and unavoidable catastrophes.

Chevron Corporation (NYSE:CVX) was seeking a force majeure due to tougher government restrictions on drilling in the Gulf.

AT&T Inc (NYSE:T)

AT&T Inc (NYSE:T) recently said a software defect is slowing down its wireless connection for more than one million customers trying to send data from smartphones like the iPhone 4 or from laptops with Laptop Connect cards.

An AT&T spokesman declined to comment on which markets were affected by the network problem.

We could possibly see more movement when trading continues for BP plc (NYSE:BP), Chevron Corporation (NYSE:CVX) and AT&T Inc (NYSE:T).

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Early Market News: Toyota Motor Corporation (NYSE:TM), BP plc (NYSE:BP), Chevron Corporation (NYSE:CVX)

Several breaking news stories will affect stock prices as trading begins today. The following stocks should see some movement: Toyota Motor Corporation (NYSE:TM), BP plc (NYSE:BP) and Chevron Corporation (NYSE:CVX).

Here is a more detailed look at the news that will affect each company as the day’s trading continues.

Toyota Motor Corporation (NYSE:TM)

Toyota Motor Corporation (NYSE:TM) said Thursday that it is preparing a solution for the problem with engines installed in up to 270,000 vehicles sold recently around the world. According to a company spokeswoman, the affected models include the Lexus LS, Lexus GS, Lexus IS and the Toyota Crown.

The engines in these models have valve springs made from contaminated material, and in the even that a valve spring breaks, total engine failure is possible.

BP plc (NYSE:BP)

The lawsuit filed June 30 charges BP with violations of the Securities Exchange Act of 1934, saying the company deliberately withheld “material adverse facts” from shareholders regarding its safety procedures.

The class action lawsuit was filed by law firm Barroway Topaz Kessler Meltzer & Check which specialized in class action suits.

Chevron Corporation (NYSE:CVX)

As tropical storm Alex passed on Thursday, Chevron Corporation (NYSE:CVX) started returning evacuated workers to central and western areas of the Gulf of Mexico to resume operations in on its drill rigs there.

The company had feared that the storm would pick up momentum morph into a potentially dangerous hurricane, and to be on the safe side, precautionary evacuations were ordered, though now are seen as having been unnecessary.

We may see more movement as the day’s trading progresses for Toyota Motor Corporation (NYSE:TM), BP plc (NYSE:BP) and Chevron Corporation (NYSE:CVX) in trading today.

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Market News: Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX)

Several breaking news stories will affect stock prices as trading continues today. The following companies should see some movement: Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX). Here is a more detailed look at the stories affecting each company as the day’s trading continues.

Exxon Mobil Corporation (NYSE:XOM)

In a deal with XTO Energy, Exxon Mobil Corporation (NYSE:XOM) announced today its agreement with XTO Energy Inc. to morph the current company into a new one.

The new organization will be focused on global development and production of unconventional resources, with nearly all management and the company’s 3,000-some employees making the transition to the new company.

Chevron Corporation (NYSE:CVX)

“We have evacuated some personnel from the western Gulf of Mexico, and as a precaution, have begun to shut in some Gulf of Mexico production in our central and western operations, primarily as a result of third-party pipelines,” said Chevron Corporation (NYSE:CVX) in a statement on the company’s website.

We may see more movement as the day’s trading progresses for Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX).

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Early Market News: Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX)

There were some interesting moves after the trading bell today, and the following companies were affected: Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX). Here is a more detailed look at each company’s after hours trading.

Exxon Mobil Corporation (NYSE:XOM)

Exxon Mobil Corporation (NYSE:XOM) announced an evacuation of its oil rigs in what could be the worst hurricane since 2005.

Exxon spokesman David Eglinton said in statement, “We are prepared to evacuate remaining personnel from offshore facilities safely in advance of (hurricane Alex).” The company didn’t say how many employees would be evacuated.

Chevron Corporation (NYSE:CVX)

Venezuelan Oil Minister Rafael Ramirez announced this week that Venezuela, a member of OPEC, was nationalizing 11 rigs belonging to Helmerich and Payne after a year-long dispute concerning payments not yet received by state oil company PDVSA.

The minister also announced it may seize up to 5 Chevron Corporation (NYSE:CVX) rigs too. “We are not going to let the private companies stop work or boycott in any way our oil operations,” Ramirez said.

Expect to see high trade volume when the markets open tomorrow for Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX) in trading tomorrow.

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