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How do hurricanes affect oil prices—What you need to know [Yahoo! Finance Canada]
Last chevron corporation earnings: 5/1 06:45 am
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For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Naomi Buchanan. Video Transcript Time now for our chart of the day. Hurricane Helene is getting stronger as it moves towards Florida's Gulf Coast. And that means the oil and gas industry could be at risk for weather related production outages. Catalyst Co-host Mattie Mills is taking a look at the impact past hurricanes have had on production. Hey, Matty. Hey, Brad. Thanks so much. So I want to take a look at a chart that we are going to pull up from the control room to look at the history of the impact of hurricanes on oil production just to take a look at this. Thanks, guys. So taking a look here, right? You can see previous hurricanes and the degree to which they have impacted oil production. The previous biggest hurricanes in the area. Uh, coming in 2008, you can see a dip happening, a significant dip in oil production
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- Chevron Co. (NYSE: CVX) had its price target lowered by analysts at Wells Fargo & Company from $196.00 to $169.00. They now have an "overweight" rating on the stock.[MarketBeat]
- Chevron Agrees Hess CEO Won't Join Board in Deal With FTC [Financial Post (Toronto, Ontario, Canada)][Financial Post]
- John Simmons Announces Retirement; Richard O'Brien Appointed as New Chief Financial Officer [Yahoo! Finance][Yahoo! Finance]
- Chevron Paid More to African Petrostates Than the US in 2023 [Yahoo! Finance Canada][Yahoo! Finance Canada]
- Chevron Paid More to African Petrostates Than to the US in 2023 [Yahoo! Finance][Yahoo! Finance]
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