On Thursday, Chevron Corporation (NYSE:CVX)’s shares declined -1.89% to $92.04.
Chevron Corporation (CVX) declared that its wholly-owned partner, Chevron U.S.A. Inc., has signed a non-binding liquefied natural gas (LNG) supply Heads of Agreement (HOA) with China Huadian Green Energy Co., Ltd. When the agreement is finalized, China Huadian Green Energy is predictable to receive up to 1 million metric tons per annum (MTPA) of LNG over 10 years starting in 2020.
“This is an important step in the commercialization of Chevron’s natural gas holdings in Australia and the establishment of our global liquefied natural gas portfolio,” said Pierre Breber, executive vice president, Chevron Gas and Midstream. “As Chevron continues to grow into one of the world’s largest LNG suppliers, this agreement represents further progress and diversification of our sales portfolio.”
“We welcome the opportunity to supply LNG to China Huadian and look forward to building lasting relationships with our customers in the region as the Chevron-operated Gorgon and Wheatstone projects move into operations,” said Roy Krzywosinski, managing director, Chevron Australia. “The China Huadia contract demonstrates Chevron’s equity gas from Australia is well-placed to meet the growing demand for natural gas in the Asia-Pacific region.”
China Huadian Green Energy Co. Ltd. is a partner of China Huadian Group, which is one of the largest state-owned power generation companies and has a leading role in gas-fired power generation in China.
Chevron Corporation, through its auxiliaries, engages in the petroleum, chemicals, and power and energy operations worldwide. The company operates in two segments, Upstream and Downstream.
Potash Corporation of Saskatchewan (USA) (NYSE:POT)’s shares dropped -1.20% to $18.11. The market capitalization of Potash Corporation of Saskatchewan (USA) (NYSE:POT) is $15.16 billion with the total traded volume of the company is 3.14 million. Turning to market valuation, the Price-to-Earnings ratio is 10.30, the Price-to-Sales ratio is 2.22 and the Price-to-Book ratio is finally 1.76. The dividend yield amounts to 8.39 percent and the beta ratio has a value of 0.94.
Potash Corporation of Saskatchewan Inc., together with its auxiliaries, produces and sells fertilizers and related industrial and feed products worldwide. The company operates in three segments: Potash, Nitrogen, and Phosphate. It mines and produces potash, which is primarily used as fertilizer.
Marvell Technology Group Ltd. (NASDAQ:MRVL)‘s shares surged 0.89% to $9.02. The last trading range of Marvell Technology Group Ltd. (NASDAQ:MRVL) ranges between $8.86 and $9.05. The EPS of the company stands at $-0.34. The 52-week range shows that the stock reached higher at $16.78 while its lower range is $7.55 in the last 52-weeks. The average volume of the company is at 4.52 million with the Outstanding Shares of 517.60 million. The market capitalization of the company is $4.67 billion. The Beta of the company stands at 0.64 with the RSI (Relative Strength Index) of 60.54.
Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers mobile and wireless products comprising communications and applications processors; thin modems; and connectivity solutions, counting Wi-Fi, Bluetooth, near field communication, and FM; and mobile computing products, in addition to silicon solutions and Kinoma software.
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