Highlights From Investor Meetings In Europe With Chevron Corporation (CVX) Management

Highlights From Investor Meetings In Europe With Chevron Corporation (CVX) Management

UBS expects Chevron to update its 2017 capex guidance on its 2Q conference call and forecast FY17 spending of $17.9bn, well below consensus of ~$19.6bn

Energy

Anadarko Petroleum Corporation (APC) Already In A Good Position To Navigate The Downcycle

Peer operators have been delivering stronger wells. Anadarko's well performance should improve as they exit delineation mode of a large acreage position

Can Chesapeake Energy Corporation (CHK) Shares Bounce Back?

Lower outlook for the crude prices will continue to pressure the gas exploration company's fundamentals

Hess Corporation (HES) Oil Price Discussion Overshadows Strategy

On the road, top of mind for investors was how Hess will execute its strategy through the downturn

Petroleo Brasileiro SA Petrobras (ADR) (PBR) Focus Remains On Fixing Balance Sheet

Total pre-salt production (gross output operated by Petrobras both for itself and its partners) was 1.57mn bpd in May, +37% YoY and up 5.1% vs. Apr-17

Credit Suisse On Anadarko Petroleum Corporation (APC)

Anadarko does not have the per-share exposure to shale productivity improvement that some of the pure play Permian names offer

Exxon Mobil Corporation (XOM) To Proceed With The First Phase Development Of Liza

Exxon has confirmed that the gross recoverable resources for the Stabroek block are 2.0-2.5 billion barrels (boe), including Liza, Liza Deep, Payara, and Snoek