rainman + 263 November 2, 2018 Chevron Corp. reported third-quarter profit doubled from a year earlier as production increases met rising oil prices. The company reported earnings of $4 billion compared to $2 billion in the third quarter of 2017. Oil and gas output climbed to 2.96 million barrels per day, a record.Chevron is the last of the major oil companies to release results for the third quarter. BP, Shell and Total have all reported earnings that beat estimates. Exxon rose this morning after beating estimates. Chevron has a higher analyst percentage buy rating than BP Plc, Royal Dutch Shell Plc and Total SA at almost 68 percent, and, remarkably, no sell recommendations. But share performance has been worse than all its majors rivals this year, declining 11 percent even as Brent climbed 9 percent 1 Quote Share this post Link to post Share on other sites
Pavel + 384 PP November 2, 2018 Good from them Quote Share this post Link to post Share on other sites
damirUSBiH + 327 DD November 2, 2018 The big oil beasts are back, not just Chevron. Exxon Mobil Corp. and Chevron reported their highest third-quarter profits in four years as the world’s largest oil companies appeared to have finally shaken off the burden of a yearslong oil price crash.Exxon’s net income rose 57% to $6.24 billion as improved operations helped the company reap the benefits of higher prices for drilling and better refining margins Quote Share this post Link to post Share on other sites
50 shades of black + 254 November 2, 2018 Good result means new investment... Business as usual. https://www.iol.co.za/business-report/international/chevron-in-talks-to-buy-brazilian-oil-companys-refinery-17658578?utm_source=dlvr.it&utm_medium=twitter 1 Quote Share this post Link to post Share on other sites
ThunderBlade + 231 TB November 2, 2018 Oil market bigger than all metals combined!! Black gold... 1 Quote Share this post Link to post Share on other sites
pinto + 293 PZ November 2, 2018 This infographic is explaining why the fossil fuel industry will keep being relevant in the next decades 1 Quote Share this post Link to post Share on other sites
rainman + 263 November 2, 2018 Hope soon will come a day $1.50 per gallon✔️ 1 Quote Share this post Link to post Share on other sites
ronwagn + 6,290 November 2, 2018 8 hours ago, ThunderBlade said: Oil market bigger than all metals combined!! Black gold... And that doesn't include related natural gas and other associated gases that add more profits. Quote Share this post Link to post Share on other sites
ronwagn + 6,290 November 2, 2018 7 hours ago, rainman said: Hope soon will come a day $1.50 per gallon✔️ I would settle for double those prices. Quote Share this post Link to post Share on other sites
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