Given market conditions, the company should be a winner, and Morningstar’s analyst prefers it to Chevron.
Earnings fell just short of market expectations as downstream turned in a weak quarter due to timing effects that should reverse in coming quarters.
Higher-near term oil prices leads to increased valuation estimates.
Exxon's answer is likely coming soon.
Updating our model with this change, along with the latest oil and gas prices, results in a slight increase to our $30 fair value estimate.
This strong close to 2021 reopens the door to resume repurchases.
Our fair value estimate and moat rating are unchanged.
While not the cheapest integrated oil company in our coverage, Chevron continues to present one of the safer options.
The strategy won't win praise from environmentally oriented investors, but Morningstar's analyst thinks it'll likely be more successful--and less risky.
The company also plans to scrap its dual share structure.
Third Point had taken an estimated $750 million stake in Shell and called for a breakup of the company.
The company remains our cheapest integrated oil based on price/fair value.
Our fair value estimate and narrow-moat rating are unchanged.
The company left its larger financial targets in place. Our fair value estimate and narrow moat rating are unchanged.
Q2 brought improved earnings, a stronger financial position, and a brighter market outlook. Our fair value estimate and moat rating are unchanged.
Our fair value estimate and narrow moat rating are unchanged.
Our fair value estimate and narrow moat rating are unchanged, as increased shareholder returns remain on hold.
Too much uncertainty surrounds its new strategy and commodity prices.
Shareholders support the narrow-moat company's proposal, however, Scope 3 emissions present a different challenge.
Despite the victory for Engine No. 1, we do not expect a wholesale change in strategy.
The court-ordered targets are well beyond Shell’s current plans of reducing carbon intensity by 20% in 2030 and moving to net zero by 2050.
With strong cash flows and a healthy balance sheet, narrow-moat company announced a 4% dividend increase.
Our fair value estimate and moat rating remain.
The company is not planning on pivoting from its core oil and gas business.
High yields indicate opportunity as the probability of cuts is low.
We're maintaining our $74 fair value estimate and narrow moat rating.
Chevron’s dividend remains safe, in our view, with relatively low leverage levels, an improved cost structure, and the likelihood of improving cash flow.
Morningstar equity analyst Allen Good looks at the prospects for oil and gas giants in the year ahead.
We don't expect a material change our $111 per share fair value estimate.
Despite three consecutive quarterly losses, we're maintaining our $74 fair value estimate and narrow moat rating.
The supermajor has introduced a new framework for shareholder returns.
Despite a difficult market, their advantages are intact.
We don't expect to change our fair value estimate or narrow-moat rating.
Shares have rallied, but valuations are still compelling as the near term remains uncertain.
After a drop in earnings in the first quarter, we view this narrow-moat firm's shares as appealing.
Despite the dividend cut, we are keeping our fair value estimate.
It's likely to be a tough few years, but dividends should remain intact, meaning opportunity exists.
We think Marathon Petroleum and Valero are the most attractive.
The narrow-moat firm's earnings and cash flow have been affected, but our fair value estimate is unchanged.
An assessment of integrated oils' efforts to reduce greenhouse gas intensity.
Assessing the valuation and competitive position of this oil giant.
The major integrated oil group includes many undervalued, stable dividend stocks. Here are our favorites.
We don't think the integrated oil company gets credit for its improvement.
Our fair value estimate and narrow moat rating are unchanged for the firm.
We like its earnings growth potential and cash-generating ability.
We expect dividend growth to reaccelerate in the next few years with growth of midsingle-digits.
The narrow-moat firm reported strong cash flow during the quarter.
But we think this is already priced into the shares.
These companies are finally set to deliver free cash flow, and in several cases the market is missing it.
With integrated oil firms now set to generate more free cash flow, we see several good investment opportunities.