CVX

Chevron (NYSE: CVX) approved the huge $37B Gorgon natural gas project in Australia yesterday. The project also includes Exxon Mobil (NYSE: XOM) and Royal Dutch Shell as partners. Chevron will own and operate 50% of the project with Exxon and Shell each owning 25%. The project has the possibility...

A broad rally in energy and commodity ETFs including Solar (NYSE: KWT), Base Metals (NYSE: DBB), Oil (NYSE: USO), and Coal (NYSE: KOL) began at market open and is holding through midday trading. These ETFs are all up between 2.5%-5.5%. The main reason for this move is due to continued US Dollar...

Chevron Corporation (CVX) is a top quality energy company with great management, a robust balance sheet, and solid earnings prospects. Chevron has $7B in cash, $44/share in book value compared with a $70 stock price, and a forward P/E of about 9.5. While waiting for any increase in share price the...