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Real Estate News Releases
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(CHARTPOPPERS.COM, December 11, 2009 ) Point Roberts, WA - Chartpoppers.com announces an investment report featuring company Chevron Corp (NYSE: CVX)
The Consolidated Investment Analysis on Chevron Corp (NYSE: CVX)will be in particular interest to other competing companys within in its sector, such as Exxon Mobile Corp (NYSE: XOM), BP plc ( NYSE: BP) and Royal Dutch Shell (NYSE: RDS)
Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and International subsidiaries that engage in fully integrated petroleum operations, chemicals operations, mining operations of coal and other minerals, power generation and energy services
Recent News on Chevron Corp (NYSE: CVX)
Chevron will cut capital and exploratory spending next year by 5 percent compared with 2009 levels.
The second-largest U.S. oil company, which is headquartered in San Ramon, Calif., said its spending program would amount to $21.6 billion in 2010 and will be dominated by oil and gas exploration projects.
ConocoPhillips said earlier this year that it would also slash capital spending to get its finances under control following a severe drop in oil prices.
Chevron's cut, however, comes largely because it completed a number of oil exploration projects this year, said Mark Gilman, an analyst with The Benchmark Company.
"It might be down next year, but these are still some of the highest spending levels we've seen for the company," Gilman said.
Among Chevron's major spending projects will be $17.3 billion for exploration and production including the development of the Gorgon natural gas project in Western Australia and other drilling operations in the Gulf of Mexico, western Africa and the Gulf of Thailand.
"Much of our 2010 spending continues to be on large, multiyear projects consistent with our upstream growth strategies and on improving operating efficiency and reliability," Chairman and CEO Dave O'Reilly said in a statement Thursday.
To view the Consolidated Investment Analysis on Chevron Corp (NYSE: CVX) Please visit the stock pulse page at www.chartpoppers.com/stock%20pulse/
In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.
The full report is available at www.chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. Our diligent effort is to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas and penny picks to a in depth coverage of whatÂ’s going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.
For More information please visit us at www.chartpoppers.com/about/
Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
CHARTPOPPERS.COM
Paul Marek
6047245332
info@chartpoppers.com
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