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Stockreport

Oil and gas production fee set to hit Colorado producers [Reuters]

Chevron Corporation (CVX)  More Company Research Source: Reuters
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
reached with environmental groups that were pushing for more stringent regulations on drilling. Colorado, the fourth largest oil producing state in the U.S., is a frequent battleground for the oil industry and environmentalists, who over the years have pushed for tougher regulations on fossil fuel production. The deal reached this week will eliminate several proposed ballot measures targeting the fossil fuel industry ahead of this year's election, including one that would have halted drilling in summer months. As part of the compromise, producers will get hit with a fee that fluctuates with market prices on every barrel of oil produced in the state. "We're not huge fans of the fee dynamic / structure," said analysts for investment firm Tudor, Pickering, Holt & Co in a note, adding it is estimated to generate some $140 million in revenue. Report this ad The proposed legislation is supported by environmental groups including Earthjustice and Earthworks, as well as major prod [Read more]
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Stockreport

Oil and gas production fee set to hit Colorado producers [Reuters]

Chevron Corporation  (CVX) 
More Company Research Source: Reuters
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
reached with environmental groups that were pushing for more stringent regulations on drilling. Colorado, the fourth largest oil producing state in the U.S., is a frequent battleground for the oil industry and environmentalists, who over the years have pushed for tougher regulations on fossil fuel production. The deal reached this week will eliminate several proposed ballot measures targeting the fossil fuel industry ahead of this year's election, including one that would have halted drilling in summer months. As part of the compromise, producers will get hit with a fee that fluctuates with market prices on every barrel of oil produced in the state. "We're not huge fans of the fee dynamic / structure," said analysts for investment firm Tudor, Pickering, Holt & Co in a note, adding it is estimated to generate some $140 million in revenue. Report this ad The proposed legislation is supported by environmental groups including Earthjustice and Earthworks, as well as major prod [Read more]
IMPACT SNAPSHOT
EVENT TIME:
CVX
Last Price
Price Change
Price Change %
Volume Shares
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Volume Ratio
%
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Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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%
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EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS