- Chevron's (CVX) 1.6% drubbing today exceeded price losses in other big oil stocks, and perhaps this realization was the reason: Its average cost to pump a barrel of oil soared 56% during the past three years, according to its latest 10-K filing.
- CVX booked a massive $21.4B profit in 2013, but the company’s earnings have fallen for two straight years as these costs have started to bite.
- CVX is spending huge sums on projects that take years to build and have yet to bring in any cash; it spent $42B in 2013 and plans to shell out another $40B this year.
From other sites
at Zacks.com (Apr 8, 2015)
at CNBC.com (Mar 27, 2015)
at MarketRealist.com (Mar 25, 2015)
at 4-traders.com (Mar 24, 2015)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs