Chevron (CVX) California Refinery Unit Catches Fire; No Casualties

Chevron Corp. (NYSE:CVX) reported that it caught up a fire that in its crude unit at its Richmond refinery, the biggest refinery in Northern California.

The firm was carrying down units following a fire at the No. 4 crude division began on Sunday nearly 6:15 pm local time, as per reported by a person with close knowledge of the issue who gave information on the basis of anonymity because the information was not public.

Fire flames were settled down as of 10:30 pm local time, and all workers at the refinery have been safely transferred, Melissa Ritchie stated, a Chevron spokeswoman at the plant
Its competitors include BP plc (ADR) (NYSE:BP) Gross margin remained 13.05% with 3.17 billion of outstanding shares and Exxon Mobil Corporation (NYSE:XOM) whose gross margin remained 26.51% with 4.62 billion of outstanding shares.

Other Basic Materials stocks include Petroleo Brasileiro SA (ADR) (NYSE:PBR) whose gross margin remained 30.41%, Chesapeake Energy Corporation (NYSE:CHK) with gross margin of 85.54%, Alcoa Inc. (NYSE:AA) with gross margin of 14.80%, Alpha Natural Resources, Inc. (NYSE:ANR) whose gross margin remained 14.16%, Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) gross margin stayed 39.82% and United States Steel Corporation (NYSE:X) having gross margin of 8.86%.

Chevron Corporation (NYSE:CVX) after opening at $111.60 hit high price of $112.34 and make new 52 week high. Currently stock is trading at $112.07 by surging 0.70 % with the total trading volume of 3.05 millions shares.

The stock price volatility was 1.28% for a week and 1.62% for a month as well as price volatility’s Average True Range for 14 days was 1.91 and its beta remained 0.80.

The Company had total cash at hand $19.77 billion and a book value per share as $63.61 in the most recent quarter.

CVX generated revenue of 247.63 billion in the following twelve months and earned $26.63 billion. The Company showed a positive 10.79% in the net profit margin and as well as in its operating margin which remained 19.27%. Company’s annual sales growth for the past five year was 3.84%.

 

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