Hot Blue Chip Companies To Watch For 2015: Chevron Corporation(CVX)
Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. It operates in two segments, Upstream and Downstream. The Upstream segment involves in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as holds interest in a gas-to-liquids project. The Downstream segment engages in the refining of crude oil into petroleum products; marketing of crude oil and refined products primarily under the Chevron, Texaco, and Caltex brand names; transportation of crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacture and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It a lso produces and markets coal and molybdenum; and holds interests in 13 power assets with a total operating capacity of approximately 3,100 megawatts, as well as involves in cash management and debt financing activities, insurance operations, real estate activities, energy services, and alternative fuels and technology business. Chevron Corporation has a joint venture agreement with China National Petroleum Corporation. The company was formerly known as ChevronTexaco Corp. and changed its name to Chevron Corporation in May 2005. Chevron Corporation was founded in 1879 and is based in San Ramon, California.
Advisors' Opinion:- [By Arjun Sreekumar]
3 companies seeing success in the Gulf
Chevron (NYSE: CVX ) , for instance, has had a string of exploration successes in the region, including its most recent deepwater oil discovery in the Coronado prospect about 200 miles off the Louisiana coast. The company's t! est well, jointly owned with ConocoPhillips (NYSE: COP ) , has a 35% interest, and Anadarko Petroleum (NYSE: APC ) , which has a 15% interest, unveiled more than 400 feet of oil-bearing rocks. - [By Dan Dzombak]
Today's Dow leader is Chevron (NYSE: CVX ) , up 1%. Chevron is benefiting from the relatively high price of oil around the world. The past few months have seen the spread between WTI crude and Brent crude finally close from the highs hit the past few years.
source from Top Penny Stocks For 2015:http://www.topstocksforum.com/hot-blue-chip-companies-to-watch-for-2015.html
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