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Top Forum PostsUNG 4 for 1 Reverse SplitVoluntary Shut-insAssociated Gas ProductionThe bottom is in?Poll: Storage for EIA report date 2/23/12Top CommentariesThe Energy Report: So Much for the Olive BranchWork-arounds for the politics of KeystonePeak Oil ReviewThe Energy Report: Panic AttackBaker Hughes Rotary Rig Count ChartsTop News StoriesEU: Iran Must Fully Comply With IAEAIAEA Inspectors Say Iran Talks Produced No Way Forward, Site Acess DeniedIran, IAEA To Continue Talks -DelegateIran Said to Offer India Additional Crude Oil Shipments on Revised TermsJapan Refiners Said to Stall on Iran Crude Oil Agreements Amid U.S. Talks |
Featured ArticlesFeb 22, 2012Chevron Expects No Production Growth In 2012Published: Jan 27, 2012 (Dow Jones) Chevron's (CVX) 4Q EPS miss is the main reason shares are down 2.6%, but the company's forecast that it expects no production growth this year is also hurting the stock. The oil giant forecast 2012 production of 2.68 Mboe/d, assuming $111/barrel oil/d. That's barely changed from the 2.673 Mboe/d in 2011, and below analysts estimates of 2.72 Mboe/d. The company said 2012 start-ups at its Angola LNG and Usan projects are expected to be largely offset by natural field declines worldwide. (isabel.ordonez@dowjones.com) |
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