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CVX

Post 10/28 Earnings Announcement Analysis Post 10/28 Earnings Announcements $XOM, $CVX, $PSX, $AON, $CL $XOM - Exxon Mobile Reported EPS of $2.96/share - beat estimates of $2.20/share Earnings of $6.8B vs.($296M) in Q3 FY20' Revenue of $44.7B vs $45.4B down (1.54%) YoY Operating CF of $12.1B FCF was a record-setting $6.7B Returned $3.7B to shareholders in dividends Reduced debt by $4B - bringing debt/capital ratio to ~25% Up 1.76% after hours $CVX - Chevron Reported EPS of $2.96/share Revenue of $44.71B up +80% YoY Returned $6.2B to shareholders in dividends Repurchased $625M of stock Reduced Debt by $5.6B FY21 Spending down 22% YoY Net Oil-Equivalent Production rose to 3.03M bbl/day - up 7% YoY Up 1.64% after hours - up 34% YTD $PSX - Phillips 66 Reported EPS of $0.74/share - beat estimates of $0.60/share - up 163% YoY Earnings of $712M Revenue of $27.89B Operating CF of $1.7B Returned $841M to shareholders in dividends and share repurchases Announced new $3B share repurchase program Up 2.75x% after hours $AON - Aon Reported EPS of $1.53/share - up 14% YoY Revenue of $2.7B - down 13% YoY Income of ($801M) down (282%) YoY FCF of $1.14B - (40%) YoY Down (%2.52%) after hours $CL - Colgate-Palmolive Reported EPS of $0.75/share - down (7.0%) YoY Net Income of $681M down (9.4%) YoY Sales of $$4.4B - up 6.5% YoY Operating Profit of $976M - down (4.12%) YoY Operating CF of $2.2B Up 0.35% after hours
SP:SPX
by jnallain1
IMO - Poised for moveIMO is the best looking oil company chart that I could find. The weekly pattern shows the possibility of a three week test of the low. This support level includes the 40 week moving average and the .326 fib retracement level. The wave structure suggests that we may be in the fourth wave of an impulse pattern, with wave five to begin soon. Often, wave five moves for commodities are the longest waves. The trade range spans from 24 to 34. A longer term view shows that this trade range has persisted since 2015. Beyond 34, the stock had reached as high as 63 and ran into the 50s two other times. IMO's price correlates very well with the price of CL oil futures. I think that in the equity world, it might be the best choice to trade oil, in the equity market. I'm open to others' suggestions. What other oil stocks are you looking at? I owned Exxon and Chevron until June when a move to turn Exxon green moved me to liquidate all oil shares. Since then, I have bought some RSX, a Russian market ETF. Seems that under the current administration, oil profits will accrue to Russia, Iran, Venezuela and Saudi Arabia.
AMEX:IMOLong
by Glewis54
Energy breakout ~ June 2021Technical Analysis We have been in a strong uptrend (pink segment line) since November, which I have divided into 3 ranges. We have tested the top of "Range 2" 3 times, and we are now breaking out. Either we continue into "Range 3", or we could potentially test the pink trend line once again (ghost feed representation) Macro Tomorrow jobs report could be a market moving event, as the Fed has made a drastic change in its action plan, which consists of reacting to data (reports such as these), instead of reacting preemptively as it has done in the past.
AMEX:XLELong
by dorfmanmaster
Higher Oil? What's the Best Stock?It appears that Oil is in a wave 4 consolidation with wave 5 coming next. In commodities, the fifth wave is often the longest and most explosive. Short of moving into the futures markets, I'm curious as to what the best stock to play for a move to 100+ in oil. The chart below indicates that Chevron has best kept up with the price of oil with Exxon/Mobil following behind. Others in the comparison are Apache and Occidental. Welcoming any and all thoughts on this.
NYMEX:CL2!Long
by Glewis54
Energy's volume confirming trendTechnical Short-term Analysis We have a new potential uptrend line drawn in the chart. RSI is showing some divergence as it has reached the level from the beginning of February. However; I would take this divergence with a grain of salt, as it did reach Overbought levels and did not break the 40 level on the RSI (typical bullish behavior). OBV has a clear uptrend, supporting the uptrend in price. Trade Setup Would sell a partial position if we break the ~new potential uptrend~. Would sell the rest if we break the 50sma. Hope this helps!
AMEX:XLELong
by dorfmanmaster
4
Buying Energy dipTechnical Analysis / Trade Setup There could be a trade coming up next week in energy. The 50sma has worked as support 2 consecutive times, and could potentially do it again. This level is also coincidental with the 50% Fibonacci retracement level & 2020 highs; which suggests this support level has more strength. Backtesting Data There is a very interesting discrepancy between stocks within the energy sector going on; where most stocks are above the 200sma, byt below their 10sma. --> From 1979 until today, there has only been 12 times where this has happened... What did it mean going forward? Energy was up 70% of the time looking a year later, with an average of 27%. Fundamental Analysis Bull case for energy: Oil is priced above the level at which the average company can cover expenses; Supply has declined with lower production and OPEC compliance; Large diversified energy companies have strong balance sheets and access to capital; The ongoing recovery of the global economy bodes well for returning oil demand Bear case for energy: Oil demand is still down significantly. Valuations are opaque. There is weak long-term stock price momentum. ~ For the full article on sector view, send a message and I will be happy to share the resources I have. ~
AMEX:XLE
by dorfmanmaster
5
CVX (NYSE) - Go BullishGreetings Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, feel free to send us message (inbox). Pra Trading : - Please care for Money Management - Have a good psychology - Do not be hurry to open position and do not do nothing if u see opportunity - Evaluate and upgrade your trading plan Execution Strategy : - Know what you want to buy, see the Fundamental - Decide that you are on investing or speculating - Consider what your strategy based on Investing/Speculating - Make Road Map Of Your Trading Plan - Decide a. Entry strategy b. Cut loss c. Target of Profit Post Trading : a. Do not be sad if you loss or do not be very happy if you win b. Just become a normal without emotion, Do not put emotion into your trading c. Evaluate your trading d. Keep on Learning e. Be Humble Idea : CVX (NYSE) - Go Bullish
NYSE:CVX
by MultiAssetX
SPY/DIALooks to be a divergence forming in the SPY/DIA chart between purchasing volume and valuation. Stoch is also approaching overbought but RSI is still within a good limit. Could indicate a coming pause in the cycling of the market after the recent upswing in value/non-tech companies. Could be a good time to get into some value companies or to check your charts for the same divergence and hedge or short if it makes sense. Similar divergence found on the daily SYF, CVX, and KHC daily charts. All three are also reaching overbought levels in either the Stoch 14/3/3, RSI or both.
AMEX:SPYShort
by hobo4000