Chevron (CVX) Offering Possible 24.38% Return Over the Next 7 Calendar Days

Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $121.00 short call and a strike $126.00 long call offers a potential 24.38% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $121.00 by expiration. The full premium credit of $0.98 would be kept by the premium seller. The risk of $4.02 would be incurred if the stock rose above the $126.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Chevron is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Chevron is bearish.

The RSI indicator is at 26.4 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Chevron

Edited Transcript of CVX earnings conference call or presentation 2-Aug-19 3:00pm GMT
Thu, 08 Aug 2019 08:05:29 +0000
Q2 2019 Chevron Corp Earnings Call

Chevron turns on $2.5bn carbon capture plant in Australia
Thu, 08 Aug 2019 04:56:03 +0000
Chevron said on Thursday it had begun operating one of the world’s largest carbon capture and storage plants off the coast of Australia, following years of delay due to technical problems.  The $2.5bn …

Chevron starts burying CO2 off Australia at huge Gorgon storage project
Thu, 08 Aug 2019 03:42:52 +0000
Chevron Corp said on Thursday it has launched one of the world's largest carbon capture and storage projects, injecting CO2 into a deep reservoir under an island off Western Australia at its Gorgon LNG project. The carbon storage project was delayed by more than two years after Chevron discovered problems with valves and pipeline equipment during commissioning of the A$2.5 billion ($1.7 billion) injection system. Gorgon is the biggest emitter of carbon emissions out of Australia's 10 LNG plants, with gas from the Gorgon field containing 14% CO2.

Dow Jones Today: Sliding Bond Yields Lift Dividend Stocks
Wed, 07 Aug 2019 20:12:27 +0000
After opening lower in dramatic fashion, stocks steadily recouped those losses and grind higher in Wednesday's latter stages, providing short-term traders with the intraday volatility that they crave.Wednesday's action was very much a repeat of what investors have been dealing with in recent weeks: the trade war and speculation of another Federal Reserve rate cut prompted by, well, the trade war. Globally-inclined investors were treated to three rate cuts outside the U.S. today as India, New Zealand and Thailand joined the party.While yields on 30-year Treasuries hit record lows, helping U.S. stocks close well off the lows of the day. The Nasdaq Composite and the S&P 500 added 0.38% and 0.08%, respectively, while the Dow Jones Industrial Average lost 0.09%.InvestorPlace – Stock Market News, Stock Advice & Trading TipsOil tumbled today as the Energy Information Administration said domestic crude inventories surprisingly rose by 2.39 billion barrels last week, putting Dow components Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) among the blue-chip indexes losers for the day. Wednesday is just one day, but it is another sign of mounting pressure on traditional energy stocks.As I noted yesterday, Walt Disney (NYSE:DIS) is usually a weak performer immediately following its earnings reports. The entertainment giant unfortunately obliged today, sliding 4.92% to rank as the worst-performing Dow stock.The company earned $1.35 a share in its fiscal third quarter, 22% below analyst estimates. It was expected that this report would be messy for Disney. Sell-side analysts were out in force today supporting the stock, so this may be the pullback in Disney shares investors have been waiting for.Now, let's look at some winners. Quick Victory LapAdmittedly, the stock is down 5% over the past month, but The Travelers (NYSE:TRV), a name I've previously mentioned in this space, was one of the better-performing Dow stocks today, adding about 1%. Why bring up shares of Travelers today? Easy answer: the company generates little-to-no revenue outside the U.S. Yield PlayOn a light news day, shares of Coca-Cola (NYSE:KO) jumped 1.74%, making the stock today's top performer in the Dow. Bullishness in shares of the world's largest soft drink maker today could be simply a symptom. The stock has it and 10-year Treasuries don't have much of it. Earlier today, 10-year yields traded as low as 1.63%, well below Coca-Cola's dividend yield of 3.06%.I'm inclined to add Procter & Gamble (NYSE:PG) here because the stock rose 1.10% today. With a dividend yield of 2.61%, P&G isn't a high yielder, but is a storied dividend grower. That 2.61% is nearly 100 basis points better than what you'll get on 10-year Treasuries. Bad News Is Good NewsBig changes are afoot in the retail space and one of the cornerstones of that change is store closings. Such closures are not good news for the employees and the communities that depend on those locations, but Wall Street typically likes the news.Hence, Walgreens (NASDAQ:WBA) jumped 2% today after announcing it will shutter 200 U.S. stores. That move is expected to save the company $1.5 billion by 2022. Dow Jones Bottom LineThanks to the trade war, risk appetite is hibernating. Just look at the stocks mentioned above as Dow winners today. All defensive names.What else is working? Gold, which is defensive. Silver because gold is soaring, though the white metal is more volatile. And how about this fun fact: the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT), one of the least risky ETFs out there, is on a nine-day winning streak. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy on the Trade War Dip * The 5 Highest-Rated Dow Stocks Right Now * 4 Cybersecurity Stocks to Buy for Long-Term Gains The post Dow Jones Today: Sliding Bond Yields Lift Dividend Stocks appeared first on InvestorPlace.

Chevron Says Future Venezuela Events May Have Significant Impact
Wed, 07 Aug 2019 17:43:26 +0000
(Bloomberg) — The last major U.S. oil producer in Venezuela is warning that developments in the crisis-torn South American nation could hurt its earnings.“Future events related to the company’s activities in Venezuela may result in significant impacts on the company’s results of operation in future periods,” Chevron Corp. said Wednesday in its latest 10-Q filing with the U.S. Securities and Exchange Commission.The language has evolved from the company’s previous quarterly filing, when it said developments in the country could lead to “increased business disruption and volatility in the associated financial results.”Chevron puts the carrying value of its investments in the country at about $2.7 billion. It recognized $21 million in losses from its share of net income from Venezuelan equity affiliates in the first half of the year.Last month the company won a reprieve from the U.S. government sanctions, securing a 90-day waiver from the U.S. Treasury Department that allows it to continue operating in Venezuela (as did four American oil service companies). But most other government agencies involved in the deliberations opposed any extension, and it’s unclear whether Chevron will get another waiver once the current one expires.Chevron said last week that second-quarter net production of synthetic oil from its Venezuela affiliate was zero, compared with 24,000 barrels a day a year earlier. Net oil equivalent production in Venezuela during the quarter averaged 34,000 barrels, according to Wednesday’s filing.To contact the reporter on this story: Simon Casey in New York at scasey4@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Carlos Caminada, Joe CarrollFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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