Chevron Corporation (NYSE:CVX), based in San Ramon, California, lost a United States Supreme Court offer to block a $19 billion ruling by an Ecuadorean court in an around two-decade legal fight regarding pollution in the Amazon rain forest.
United States Supreme Court allows stand a federal appeals court decision against Chevron on Wednesday. The appellate court reported a federal inquiry judge in New York could not block a group of Ecuadoreans from looking to collect the award anywhere in the world.
The oil exploration company reports the verdict is the product of fabricated evidence and is the biggest awarded by a foreign court against a United States company.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Exxon Mobil Corporation (NYSE:XOM) fell -1.19% to settle at $91.03, TOTAL S.A. (ADR) (NYSE:TOT) moved down -0.57% to end at $49.16 while BP plc (ADR) (NYSE:BP) dropped -0.55% to finish at $41.79 on Wednesday.
Chevron Corporation (NYSE:CVX)’s last session volume of 15.96 million shares was surprisingly higher than its average volume of 5.71 million shares. The stock after opening at $114.64 hit high price of $115.05 and then closed at $112.45 by scoring -4.18%.
The liquidity measure in recent quarter results of the company was recorded 1.72 as current ratio and on the other side the debt to equity ratio was 0.08 and long-term debt to equity ratio remained at 0.08. The Company had total cash of $21.46 billion at hand and a book value per share as $66.25 in the most recent quarter.
The stock’s price volatility was 1.24 % for a week and 1.23% for a month as well as price volatility’s Average True Range for 14 days was 1.64 and its beta remained at 0.79.
CVX generated revenue of $247.73 billion in the previous twelve months and earned $26.63 billion. The Company showed a positive 10.79% in the net profit margin as well as in its operating margin which remained at 19.27%. Company’s annual sales growth for the past five years was 3.84%.
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