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Chevron (CVX), Baseload Capital to Develop Geothermal Projects
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Chevron Corporation (CVX - Free Report) recently announced a joint venture with the Swedish geothermal investment company, Baseload Capital, to develop geothermal projects in the United States.
As part of the collaboration, the two firms intend to identify opportunities to advance the next generation of geothermal technologies from pilot to commercial scale. CVX and Baseload Capital will work together to create awareness around geothermal energy, which will be a crucial supply option for renewable energy according to the two partners.
Additionally, the joint venture aims to leverage the companies’ geothermal operational experience and the primary know-how in the traditional oil and gas sector to advance scalable novel geothermal technologies to tap the earth’s core heat.
Chevron and Baseload picked their first project in Weepah Hills, NV. The companies aim to pursue development opportunities in Esmeralda County, where previous geothermal research and advanced exploration already exist.
Chevron is one of the largest publicly traded oil and gas companies in the world with operations spanning worldwide. The only energy component of the Dow Jones Industrial Average, the American oil and gas major is fully integrated as it participates in every aspect related to energy, from oil production to refining and marketing.
The Zacks Consensus Estimate for Schlumberger’s 2022 earnings is pegged at $2.15 per share, suggesting an increase of about 68% from the year-ago profit of $1.28.
SLB beat estimates for earnings in three of the trailing four quarters, the average being around 12.7%.
The consensus mark for Repsol’s 2022 earnings stands at $4.34 per share, up 120.3% from the year-ago earnings of $1.97.
The Zacks Consensus Estimate for REPYY’s 2022 earnings per share has been revised upward by about 9.9% over the past 60 days from $3.95 to $4.34.
The consensus estimate for Halliburton’s 2022 earnings stands at $2.10 per share, which indicates an increase of about 94.4% from the year-ago profit of $1.08.
HAL beat estimates for earnings in three of the trailing four quarters, the average being around 5.5%.
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Chevron (CVX), Baseload Capital to Develop Geothermal Projects
Chevron Corporation (CVX - Free Report) recently announced a joint venture with the Swedish geothermal investment company, Baseload Capital, to develop geothermal projects in the United States.
As part of the collaboration, the two firms intend to identify opportunities to advance the next generation of geothermal technologies from pilot to commercial scale. CVX and Baseload Capital will work together to create awareness around geothermal energy, which will be a crucial supply option for renewable energy according to the two partners.
Additionally, the joint venture aims to leverage the companies’ geothermal operational experience and the primary know-how in the traditional oil and gas sector to advance scalable novel geothermal technologies to tap the earth’s core heat.
Chevron and Baseload picked their first project in Weepah Hills, NV. The companies aim to pursue development opportunities in Esmeralda County, where previous geothermal research and advanced exploration already exist.
Chevron is one of the largest publicly traded oil and gas companies in the world with operations spanning worldwide. The only energy component of the Dow Jones Industrial Average, the American oil and gas major is fully integrated as it participates in every aspect related to energy, from oil production to refining and marketing.
Chevron currently carries a Zacks Rank #3 (Hold). Investors interested in the energy space might look at some better-ranked stocks — Schlumberger (SLB - Free Report) , Repsol (REPYY - Free Report) and Halliburton (HAL - Free Report) — each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Schlumberger’s 2022 earnings is pegged at $2.15 per share, suggesting an increase of about 68% from the year-ago profit of $1.28.
SLB beat estimates for earnings in three of the trailing four quarters, the average being around 12.7%.
The consensus mark for Repsol’s 2022 earnings stands at $4.34 per share, up 120.3% from the year-ago earnings of $1.97.
The Zacks Consensus Estimate for REPYY’s 2022 earnings per share has been revised upward by about 9.9% over the past 60 days from $3.95 to $4.34.
The consensus estimate for Halliburton’s 2022 earnings stands at $2.10 per share, which indicates an increase of about 94.4% from the year-ago profit of $1.08.
HAL beat estimates for earnings in three of the trailing four quarters, the average being around 5.5%.