Latest news with #ChevronCorporation
Business Wire
5 days ago
- Business
- Business Wire
Global Short Sellers Circle Live Nation, Marriott, Kering, and ANTA Sports as Recession Fears Rise
NEW YORK & LONDON--(BUSINESS WIRE)--The increased risks of a potential recession have continued to gain momentum over the last several months, and short sellers have taken note, according to the latest Hazeltree May 2025 Shortside Crowdedness Report. Major consumer brands, including half of the top-10 most crowded shorts in the Americas, were identified by , a leader in active treasury and intelligent operations technology for the alternative asset industry, alongside notable companies such as Live Nation Entertainment, Inc., Chevron Corporation, Marriott International, Inc., Charter Communications, and Dell Technologies Inc. Overseas, luxury goods fashion conglomerates Kering S.A. and LVMH were among the most crowded shorts in EMEA, with a score of 99, followed by consumer lifestyle sporting goods and leisure lifestyle brands ANTA Sports Products Limited and Oriental Land Co., Ltd., which ranked among the top crowded shorts in APAC. The report is a monthly listing of the top 10 most crowded shorted securities in the Americas, EMEA, and APAC regions, categorized by large-, mid-, and small-cap ranges. Hazeltree compiles data from its proprietary securities finance platform data, which tracks approximately 15,000 global equities across the Americas, EMEA, and APAC. The data, available to select clients, is aggregated and anonymized from the contributing Hazeltree community, which comprises approximately 700 asset management funds. The firm assigns securities a Hazeltree Crowdedness Score, a key metric that grades securities on a scale of 1 to 99, with 99 representing the highest concentration of shorting activity. This scoring highlights securities most targeted by investors and reflects key supply-demand dynamics. 'We witnessed an extension of consumer spending taking root across the globe as major lifestyle brands shot to the top of Hazeltree's most crowded shorts across companies focused on entertainment, energy, fashion, travel, electronics, and more,' said Tim Smith, Managing Director of Data Insights at Hazeltree. 'In the Americas, we also noticed large-cap stocks turning back toward tech, with five out of the most crowded shorts from four in April. Mid-cap company MARA Holdings, Inc. - the digital asset crypto mining company - also is a noteworthy standout and had an unusually high institutional supply utilization at 72.48% with the increasing investing fervor around Bitcoin.' Highlights from the May 2025 report include: Americas In the large-cap category, Live Nation Entertainment, Inc. and Chevron Corporation were the most crowded securities with a score of 99. Super Micro Computer, Inc. became the second most crowded security with a score of 97 and held the highest institutional supply utilization figure (48.24%) for the sixth straight month. In the mid-cap category, Albemarle Corporation is the most crowded security for the second time in 2025 with a Hazeltree Crowdedness Score of 99, while MARA Holdings, Inc. held the highest institutional supply utilization figure (72.48%). In the small-cap category, Kohl's Corporation was the most crowded security with a score of 99. PureCycle Technologies, Inc. had the highest institutional supply utilization (83.49%). EMEA In the large-cap category, Kering S.A. rejoined LVMH as the most crowded securities with a score of 99 and BE Semiconductor Industries N.V. had the highest institutional supply utilization (32.68%). In the mid-cap category, Davide Campari-Milano N.V. was the most crowded security (99) and had the highest institutional supply utilization (55.94%). In the small-cap category, WH Smith PLC, SSP Group plc, CVS Group plc, Senior PLC, and Basic-Fit N.V. were the most crowded securities, achieving a score of 99. Basic-Fit N.V. also topped institutional supply utilization (88.70%) for the second straight month. APAC In the large-cap category, Fujikura Ltd. ascended to the top with a score of 99. Quanta Computer Inc. had the highest institutional supply utilization (22.24%). In the mid-cap category, Mercari, Inc. reappeared for the second month, joined by Ibiden Co., Ltd. and WuXi AppTec Co., Ltd., as the most crowded securities with a score of 99. WuXi AppTec also held the highest institutional supply utilization for the last three months (42.66%). In the small-cap category, Tokai Carbon Co., Ltd. and Ganfeng Lithium Group Co Ltd were the most crowded securities (99). Ganfeng had the highest institutional supply utilization (52.07%). To view Hazeltree's May 2025 Shortside Crowdedness Report and past reports, click here. Note to editors: If you are a member of the media/press and would like to be included on the distribution list for this report, please contact btanner@ Hazeltree Shortside Crowdedness Report Methodology The Shortside Crowdedness Report tracks shorting activity in three different metrics: Hazeltree Crowdedness Score: This score represents securities that are being shorted by the highest percentage of funds in Hazeltree's community in a pre-defined category. The securities are graded on a scale of 1-99, with 99 representing the security that the highest percentage of funds are shorting. Institutional Supply Utilization: This figure represents the percentage of the institutional investors' supply of a particular security that is being lent out. The institutional supply utilization rate is an indicator of how 'hot' a security is in terms of the supply-demand dynamic. It is possible to see 100% utilization of a security's availability, making it difficult to establish new short positions. Hazeltree Community Borrow Fee: This figure is the average weighted fee for what funds in the Hazeltree community are paying to borrow a security. The fee is represented as the annualized cost calculated as a percentage of the price of the security. About Hazeltree Hazeltree is a leader in active treasury and intelligent operations technology. Purpose-built for the alternative asset management ecosystem, Hazeltree's modular platform aggregates internal and external data, providing a comprehensive view of operations and counterparty relationships while proactively highlighting opportunities to extract more value from every transaction. Hazeltree is headquartered in New York with offices in London, Bournemouth, and Hong Kong. For more information, please visit
Yahoo
30-05-2025
- Business
- Yahoo
Chevron Corporation (CVX) Terminates Venezuela Contracts But Will Retain Staff, Says Report
Chevron Corporation (NYSE:CVX) has terminated the contracts it had to operate in Venezuela and has delegated its joint-venture governance to its partner, PDVSA, reported Reuters on Wednesday. However, the company plans on retaining its staff in the country, said sources. A tanker truck making its way through a refinery facility. This follows the revocation of a key license for Chevron Corporation (NYSE:CVX) to operate in Venezuela in March, and this week's expiration of two months granted to the energy company to wind down transactions. However, on Tuesday, the Trump Administration granted Chevron Corporation (NYSE:CVX) a narrow authorization, allowing the oil-maker to retain staff and keep assets in Venezuela, including its joint-venture stakes. These guidelines are similar to the terms it operated between 2020 and 2022, before the Biden government allowed the company to expand in Venezuela and resume crude exports to the U.S. Under the new authorization, the company cannot operate oilfields in the South American country, expand its activities, or export oil to avoid potential earnings for the Maduro government. According to sources, Chevron Corporation (NYSE:CVX) executives met with contractors and Venezuelan government officials this week and communicated about the next steps. While we acknowledge the potential of CVX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CVX and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Chevron Corporation (CVX) Terminates Venezuela Contracts But Will Retain Staff, Says Report
Chevron Corporation (NYSE:CVX) has terminated the contracts it had to operate in Venezuela and has delegated its joint-venture governance to its partner, PDVSA, reported Reuters on Wednesday. However, the company plans on retaining its staff in the country, said sources. A tanker truck making its way through a refinery facility. This follows the revocation of a key license for Chevron Corporation (NYSE:CVX) to operate in Venezuela in March, and this week's expiration of two months granted to the energy company to wind down transactions. However, on Tuesday, the Trump Administration granted Chevron Corporation (NYSE:CVX) a narrow authorization, allowing the oil-maker to retain staff and keep assets in Venezuela, including its joint-venture stakes. These guidelines are similar to the terms it operated between 2020 and 2022, before the Biden government allowed the company to expand in Venezuela and resume crude exports to the U.S. Under the new authorization, the company cannot operate oilfields in the South American country, expand its activities, or export oil to avoid potential earnings for the Maduro government. According to sources, Chevron Corporation (NYSE:CVX) executives met with contractors and Venezuelan government officials this week and communicated about the next steps. While we acknowledge the potential of CVX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CVX and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
28-05-2025
- Business
- Business Wire
Chevron Updates Stockholders at Annual Meeting
HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today provided an overview of the company's business performance and plans at its Annual Meeting of Stockholders. The meeting highlighted the company's strong performance and consistent strategy, with stockholders showing their support by voting in favor of the full slate of Directors and with the company's recommendations on all matters to be voted upon. 'Our strong performance in 2024 and through the first quarter reflects strong project execution and cost and capital discipline,' said Mike Wirth, Chevron's chairman and chief executive officer. 'We appreciate the confidence our stockholders have shown in our governance and performance and look forward to continuing to deliver industry-leading value.' Stockholders voted on seven items. As reported during the meeting, the preliminary report of the Inspector of Elections was as follows: Item 1: An average of 97% of the votes cast were voted for the 12 nominees for election to the Board of Directors. Item 2: Approximately 96% of the votes cast were for the ratification of the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for 2025. Item 3: Approximately 94% of the votes cast were voted in support of named executive officer compensation. Item 4: Approximately 63% of the outstanding shares were voted for the proposal to amend the company's Restated Certificate of Incorporation to provide for officer exculpation. Item 5: Approximately 89% of the votes cast were voted against the proposal to commission a third-party report on human rights practices. Item 6: Approximately 98% of the votes cast were voted against the proposal to report on renewable energy stranded asset risks. Item 7: Approximately 75% of the votes cast were voted against the proposal to allow holders of 10% of our common stock to call special meetings. Over 1.4 billion shares were represented at this meeting – or approximately 85% of Chevron's outstanding common stock were present by proxy. Final voting results on all agenda items will be posted at after they have been reported on a Form 8-K, which will be filed with the U.S. Securities and Exchange Commission. Specific information about the proposals presented before Chevron stockholders at the 2025 Annual Meeting of Stockholders may be found in the 2025 Proxy Statement, which is available in the 'Investors' section of the company's website under 'Corporate Governance.' Chevron is one of the world's leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to enabling human progress. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We aim to grow our oil and gas business, lower the carbon intensity of our operations and grow new businesses in renewable fuels, carbon capture and offsets, hydrogen, power generation for data centers, and emerging technologies. More information about Chevron is available at NOTICE As used in this news release, the term 'Chevron' and such terms as 'the company,' 'the corporation,' 'our,' 'we,' 'us' and 'its' may refer to Chevron Corporation, one or more of its consolidated subsidiaries, or to all of them taken as a whole. All of these terms are used for convenience only and are not intended as a precise description of any of the separate companies, each of which manages its own affairs. Please visit Chevron's website and Investor Relations page at and LinkedIn: Twitter: @Chevron, Facebook: and Instagram: where Chevron often discloses important information about the company, its business, and its results of operations. CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF 'SAFE HARBOR' PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This news release contains forward-looking statements relating to Chevron's operations, assets, and strategy that are based on management's current expectations, estimates, and projections about the petroleum, chemicals, and other energy-related industries. Words or phrases such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'targets,' 'advances,' 'commits,' 'drives,' 'aims,' 'forecasts,' 'projects,' 'believes,' 'approaches,' 'seeks,' 'schedules,' 'estimates,' 'positions,' 'pursues,' 'progress,' 'design,' 'enable,' 'may,' 'can,' 'could,' 'should,' 'will,' 'budgets,' 'outlook,' 'trends,' 'guidance,' 'focus,' 'on track,' 'trajectory,' 'goals,' 'objectives,' 'strategies,' 'opportunities,' 'poised,' 'potential,' 'ambitions,' 'future,' 'aspires' and similar expressions, and variations or negatives of these words, are intended to identify such forward-looking statements, but not all forward-looking statements include such words. These statements are not guarantees of future performance and are subject to numerous risks, uncertainties and other factors, many of which are beyond the company's control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for the company's products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; technological advancements; changes to government policies in the countries in which the company operates; public health crises, such as pandemics and epidemics, and any related government policies and actions; disruptions in the company's global supply chain, including supply chain constraints and escalation of the cost of goods and services; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic, market and political conditions, including the military conflict between Russia and Ukraine, the conflict in the Middle East and the global response to these hostilities; changing refining, marketing and chemicals margins; the company's ability to realize anticipated cost savings and efficiencies associated with enterprise structural cost reduction initiatives; actions of competitors or regulators; timing of exploration expenses; changes in projected future cash flows; timing of crude oil liftings; uncertainties about the estimated quantities of crude oil, natural gas liquids and natural gas reserves; the competitiveness of alternate-energy sources or product substitutes; pace and scale of the development of large carbon capture and offset markets; the results of operations and financial condition of the company's suppliers, vendors, partners and equity affiliates; the inability or failure of the company's joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company's operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company's control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures related to greenhouse gas emissions and climate change; the potential liability resulting from pending or future litigation; the risk that regulatory approvals and clearances related to the Hess Corporation (Hess) transaction are not obtained or are not obtained in a timely manner or are obtained subject to conditions that are not anticipated by the company and Hess; potential delays in consummating the Hess transaction, including as a result of the ongoing arbitration proceedings regarding preemptive rights in the Stabroek Block joint operating agreement; risks that such ongoing arbitration is not satisfactorily resolved and the potential transaction fails to be consummated; uncertainties as to whether the potential transaction, if consummated, will achieve its anticipated economic benefits, including as a result of risks associated with third party contracts containing material consent, anti-assignment, transfer or other provisions that may be related to the potential transaction that are not waived or otherwise satisfactorily resolved; the company's ability to integrate Hess' operations in a successful manner and in the expected time period; the possibility that any of the anticipated benefits and projected synergies of the potential transaction will not be realized or will not be realized within the expected time period; the company's future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; higher inflation and related impacts; material reductions in corporate liquidity and access to debt markets; changes to the company's capital allocation strategies; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company's ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading 'Risk Factors' on pages 20 through 27 of the company's 2024 Annual Report on Form 10-K and in subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.
Yahoo
25-05-2025
- Business
- Yahoo
US Plans to Grant Chevron a License for Minimum Maintenance in Venezuela, Bloomberg
Chevron Corporation (NYSE:CVX) is set to receive a limited license from the Trump administration that would only allow for essential maintenance and safety operations in Venezuela, as per Bloomberg. The waiver, which is scheduled to take effect on May 27, will reverse the more expansive permissions that President Biden gave in late 2022. In contrast to the initial anticipation of a 60-day extension, Secretary of State Marco Rubio confirmed the expiration. As of right now, the Treasury Department has not responded. The new license will be similar to the one Chevron Corporation (NYSE:CVX) had until November 2022, which permitted a minimal operational area but prohibited further investments and the export of crude. To convince President Nicolás Maduro to participate in election talks, Biden extended that previous permission to allow for the production and export of oil. In February 2025, Trump removed that broader license. The administration's shift toward applying pressure to the Maduro regime while restricting the presence of US corporations is further shown by Rubio's recent discussions with opposition leaders. While we acknowledge the potential of CVX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CVX and that has 100x upside potential, check out our report about this READ NEXT: and . Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
