Energy major Chevron said on Tuesday it has signed an agreement with investment firm Engine No. 1 and GE Vernova to build natural gas-based power plants to run co-located data centers in the U.S.
Chevron and GE Vernova will team up with activist firm Engine No. 1 to provide natural gas solutions.
As CVX gears up to report fourth-quarter earnings on Jan. 31, let's find out how the expectations stack up. Also, know how to play the stock ahead of results.
The oil company plans to build natural gas power plants that will be directly connected to data centers used by technology companies for artificial intelligence and other services.
Chevron is set to announce Q4 earnings on January 31st, with expectations of declining EPS due to falling energy prices. I believe these expectations are too negative, with an unrealistic decline in profitability. I believe CVX will deliver an earnings beat for Q4. My expected earnings range is $2.15-$2.25/share, vs, the Wall Street estimate of $2.06/share.
CVX starts oil production at the Tengiz Future Growth Project, boosting daily output by 260,000 barrels and enhancing its position in the global energy market.
Oil is a volatile commodity, a fact that needs to be taken into consideration when buying an oil-related stock. However, there are different ways to view this fact from an investment perspective.
Some stocks pay juicy dividends for a while only for the income to later dwindle. Others generate consistent and reliable dividends over the long run.
Chevron (CVX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
After this year's World Economic Forum meeting in Davos, Switzerland, President Trump laid out many new policies for the entire world—and financial markets—to see. One of the main pressing points in the conference was the need for lower oil prices and the new president's demand for interest rates to be lowered immediately, leaving investors with a couple of conclusions to make.
Chevron said on Friday it had started production at a $48 billion expansion of the giant Tengiz oilfield which will bring its output to around 1% of global crude supply.
Zacks.com users have recently been watching Chevron (CVX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.