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MarketScreener Homepage  >  Equities  >  Nyse  >  Chevron Corporation    CVX

CHEVRON CORPORATION

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Chevron Reports Excess Opacity, Maintenance Shutdown at Texas Refinery

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05/21/2019 | 12:43pm EDT

By Dan Molinski

Chevron Corp. (CVX) on Tuesday reported "excess opacity" from a gasoline-making fluid catalytic cracking unit as a result of a maintenance shutdown at its Pasadena refinery in Texas.

In a statement to the Texas Commission on Environmental Quality, Chevron said the excess opacity happened Monday and lasted about one hour. It said, though, that the shutdown was May 16.

The 110,000-barrel-a-day refinery is located in the Houston area. Earlier this month, Chevron completed the purchase of the Pasadena refinery from Brazil's Petroleo Brasileiro SA (PBR, PETR3.BR, PETR4.BR) for $350 million. The 466-acre complex includes a storage tank farm and other assets.

Write to Dan Molinski at dan.molinski@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
CHEVRON CORPORATION 1.13% 124.28 Delayed Quote.13.00%
EURO / BRAZILIAN REAL (EUR/BRL) 0.58% 4.3352 Delayed Quote.-2.60%
WTI 4.60% 57.13 Delayed Quote.19.36%
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Financials ($)
Sales 2019 159 B
EBIT 2019 21 030 M
Net income 2019 14 197 M
Debt 2019 19 995 M
Yield 2019 3,87%
P/E ratio 2019 15,90
P/E ratio 2020 14,14
EV / Sales 2019 1,59x
EV / Sales 2020 1,50x
Capitalization 234 B
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 140 $
Spread / Average Target 14%
EPS Revisions
Managers
NameTitle
Michael K. Wirth Chairman & Chief Executive Officer
Patricia E. Yarrington Chief Financial Officer & Vice President
Joseph C. Geagea EVP-Technology, Projects & Services Divisions
Ronald D. Sugar Lead Independent Director
Enrique Hernandez Independent Director
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