Chevron's Move to Exit Coal Mining Makes Sense

Trefis submits: Chevron (CVX) is one of the largest energy companies in the world and engages in several businesses like exploration & production of oil and natural gas, refining, transportation, trading and chemicals.

Trefis submits: Anadarko Petroleum Corporation (NYSE:APC) is among the largest independent oil and gas exploration and production companies in the world, with about 3 billion barrels of oil equivalent (BOE) of proved reserves. The company explores and produces natural gas, crude oil, condensate and natural gas liquids (NGLs). Its major operations are located onshore United States and in the deepwater Gulf of Mexico.

Trefis submits: The stock price of ConocoPhillips (COP) has mounted a steady climb this year, up 18% to above $80, but still has a bit more to go in order to reach its all time high of roughly $95. Rising crude oil prices sparked a 27% increase in the company’s sales and operating revenues in 2010, while net income jumped by more than 150% and forced many Wall Street analysts to revise their price targets for ConocoPhillips.

Trefis submits: Anadarko Petroleum Corporation (NYSE:APC) reported a 70% decline in net income for Q1 from $716 million last year. However net income was impacted by $256 million hedging related costs during Q1 ’11 vs. a $588 million gain in Q1 ’10, which muddies the picture some.

Chevron Corp.’s “notably higher” quarterly profit bodes well for other international energy producers also grappling with oil-production and refining challenges.

By Trefis: Anadarko Petroleum (NYSE:APC) has scheduled its Q2 earnings release for next Tuesday (7/26). The company is one of the largest independent players in the oil & gas exploration and production sector with around 2.4 billion barrels of oil equivalent in proven reserves with operations spread across the U.S., Western Africa, China and Latin America.

Trefis submits: Chesapeake’s (CHK) natural gas price per million cubic feet is slowly rising again after witnessing a steep decline, from $7.74 in 2008 to $3.16 in 2009, as a result of weak consumer demand during the economic downturn. As crude oil prices continue to rise and the oversupply of gas declines, we expect Chesapeake’s natural gas price to increase to around $6.2 per million cubic feet by the end of our forecast period.

Trefis submits: Founded in 1989, Chesapeake Energy (CHK) has grown to become the second largest producer of natural gas and one of the most active drillers of new wells in the U.S.