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Provides administrative, financial, management and technology support to U.S. and foreign subsidiaries that engage in integrated petroleum operations, chemicals operations, mining operations, power generation and energy services.
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KingDrudge (75.98) Submitted: 12/11/06 11:40 AM : Start Price: $70.37 CVX Score: 51.08
$5 billion share buyback over the next 3 years, 20% increase in spending on oil exploration in 2007 while Conoco is decresing its spending. Owns 50% of 15 billion barrels of oil discovery in the Gulf of Mexico......I can go on and on about CVX but then that would be bragging.
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dyoh (< 20) Submitted: 1/31/07 10:55 AM
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More supply means lower prices and lower profit unless demand also rises at a similar rate. I like buybacks, but I'd wait to pick up CVX even though it is a favorite of mine.
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ikkyu2 (98.58) Submitted: 9/17/07 12:41 AM
You can brag, I don't care. But you have to answer the question, is all that you mention already priced in?