Sponsored Links 
Chevron at Good Entry Point
February 05, 2009 | Comments: 0
Recommended this article (1)
Chevron Corp.'s (CVX - Analyst Report) 4th-quarter earnings came in below the year-earlier level, weighed down by sharply lower oil and gas prices. Upstream profits dropped nearly 35%, partly offset by improved results from the
company s refining and marketing business.
Looking ahead, Chevron plans to continue with its active exploration and development program, keeping its 2009 capex budget unchanged from the year-earlier level at $22.8 billion.
We are keeping our Buy recommendation unchanged, though we have lowered our 2009 estimate ($5.89 vs. $10.15) to reflect the challenging commodity-price environment. We have also introduced our 2010 estimate at $9.30 per share. Our current 12-month target price is $90 per share.
Read the full analyst report on CVX
 |
 |
 Share |
 RSS |
 Rate Pos |
 Rate Neg |
 Comment |
|
|
||||||
Loading Stories...Related Content
Best Stocks. Best Insight. Join Now...it's FREE!
Over 550,000 investors look forward to the timely insights in our email newsletter; Zacks Profit from the Pros. In each daily issue you will find:
- Free Four Zacks #1 Rank "Strong Buy" Stocks
- Free Timely Market Commentary
- Free Wealth Management Tips
- Free Profitable Strategy Screens
- Free Bull and Bear Stocks of the Day
Zacks FREE Registration
X Close
Loading Stories...Most Popular on Zacks.com
Related Tickers
| Symbol | Price | Net | % Change | Zacks Rank |
Zacks Rec |
| CVX | 79.64 | $0.61 |  0.77 % | PREMIUM | PREMIUM |
| COP | 52.90 | $0.22 | 0.42 % | PREMIUM | PREMIUM |
| KFT | 26.80 | -$0.42 |  -1.54 % | PREMIUM | PREMIUM |
| KMB | 66.01 | $0.25 | 0.38 % | PREMIUM | PREMIUM |
| XOM | 76.47 | $0.50 | 0.66 % | PREMIUM | PREMIUM |
| GS | 168.92 | -$2.21 | -1.29 % | PREMIUM | PREMIUM |
| BRK.A | 102,008.00 | -$692.00 | -0.67 % | PREMIUM | PREMIUM |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
More Zacks Links
| Market Summary | Nov 26, 2009 11:46 am ET |
Sponsored Links
[CLICK TO CLOSE X]