Chevron Corporation (NYSE:CVX) expects to invest $40 billion on capex this year, of which, 90% will be spent on its upstream business and the remainder on its downstream business. This was the case in 2013 as well when Chevron invested $41.9 billion and expects to spend approximately the same amount through 2016. Majority of the amount would be invested in Australia, Asia, and North America, while the remainder will go toward projects in Europe and Latin America. Countries it would be focusing on this year include Australia, the U.S. Gulf of Mexico, Kazakhstan, and Angola. Chevron Corporation (NYSE:CVX) net profit margin is 9.10% and weekly performance is -0.64%. On last trading day company shares ended up $123.18. Analysts mean target price for the company is $89789. Chevron Corporation (NYSE:CVX) distance from 50-day simple moving average (SMA50) is 131.00%.
Weatherford International Ltd (NYSE:WFT)is an oil & gas equipment and services provider that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well. Weatherford International Ltd (NYSE:WFT) shares ended the day on $20.49 in last trading session. WFT Gross Margin is 19.20% and its return on assets is -1.80%. Weatherford International Ltd (NYSE:WFT) quarterly performance is 38.63%.
Halliburton Company (NYSE:HAL) EVP Lawrence J. Pope sold 3,000 shares of Halliburton Company stock on the open market in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $63.67, for a total transaction of $191,010.00. Following the completion of the transaction, the executive vice president now directly owns 158,937 shares of the company’s stock, valued at approximately $10,119,519. Halliburton Company (NYSE:HAL) shares moved up 0.77% in last trading session and was closed at $62.85, while trading in range of $61.82 -$62.88. Halliburton Company (NYSE:HAL) year to date (YTD) performance is 24.16%.
On May 15, 2014, Valero Energy Corporation (NYSE:VLO) announced that Joe Gorder, CEO and President of Valero Energy Corporation, will present at the UBS Global Oil and Gas Conference on Wednesday, May 21 at 10:00 a.m. Central Time (11:00 p.m. Eastern Time). Valero Energy Corporation (NYSE:VLO) ended the last trading day at $55.10. Company weekly volatility is calculated as 2.20% and price to cash ratio as 6.85. Valero Energy Corporation (NYSE:VLO) showed a negative weekly performance of -1.48%.
Midway Gold Corp. (MDW) has received Barrick Gold Corporation (USA) (NYSE:ABX) 2014 budget for Spring Valley, Pershing County, Nevada. The budget includes $8.3M for project development and $5M for exploration for a total of $13.3M in planned expenditures in 2014. Ken Brunk, President and CEO of Midway stated, “This budget reflects an approval to advance the project to the prefeasibility stage and to advance more studies related to development. Barrick has mobilized one R/C drill rig as well as 2 core rigs to Spring Valley for further in-fill drilling primarily focused on upgrading the categories of the resource. We are committed to realizing Spring Valley’s value for our shareholders and plan to provide an update on the resource this quarter.” Barrick Gold Corporation (USA) (NYSE:ABX) shares fell -1.36% in last trading session and ended the day on $16.62. ABX Gross Margin is 39.30% and its return on assets is -28.70%. Barrick Gold Corporation (USA) (NYSE:ABX) quarterly performance is -18.09%.