With a market cap of $217 billion, Chevron competes with the likes of Exxon (XOM), Shell, BP and Total. CVX consistently ranks among the lowest cost producers in its nine-company peer group. Strong production growth is anticipated in 2018 and 2019.
Deutsche Bank made a rapid-fire return to the U.S. high-grade bond market on Tuesday, satisfying investor demand by tapping last week's $3 billion deal for another $1.5 billion in fresh cash.
Royal Dutch Shell earnings missed expectations by a billion dollars and the result may be more cutbacks in capital spending. That was a 72% drop in profits. The big miss follows disappointing results from BP as the Industry is feeling the effects from the collapse in refining margins, which was the savior of big oil after the crude oil price crash. With the falling production at Shell from disruptions of supply in Nigeria and Canada and a hit on its natural gas business, it’s clear that Shell and most other oil companies are going to make more cutbacks.
It seems that crude oil is busting out of its bust cycle as the crash in oil prices has put a market that was seriously oversupplied back into a semblance of balance. The reason that we are seeing such a quick turnaround is an old story about how low prices cure low prices.
Cycle Projection Oscillator: Rocket science meets markets

BP slumped to its biggest annual loss last year and announced thousands more job cuts on Tuesday, showing that even one of the nimblest oil producers is struggling in the worst market downturn in o

British oil and gas company BP announced plans on Tuesday to slash 5% of its global workforce in the face of a continued slump in oil prices.

The 168th OPEC conference ended with a press conference in which the Secretary General announced, unsurprisingly, no change in OPEC policy.
The world may no longer be at risk of running out of oil or gas, but the supply glut will still remain through 2015, says BP.
For investors willing to take a long-term view on their resource portfolios, this could be the best of times, says U.S. Global Investors CEO and Chief Investment Officer Frank Holmes.