Chevron Stock News

The deal to acquire Renewable Energy Group comes as the oil-and-gas giant seeks to invest more in lower-carbon energy sources.

Jim Cramer and Jeff Marks compare chipmakers including Marvell, AMD, and Qualcomm. They also discuss what they think will be next for UPS, Abbvie and Chevron stocks. Finally, Jim and Jeff take a look at software companies reporting earnings this week, Workday and Salesforce.

U.S. stocks opened on a downbeat note this morning, amid the ongoing Russia-Ukraine conflict, which has led to increased US sanctions on Russia. Following the market opening Monday, the Dow traded down 1.38% to 33,587.55 while the NASDAQ fell 0.61% to 13,611.57. The S&P also fell, dropping, 1.12% to 4,335.65. Check out this: Insiders Buy Around $98M Of 3 Stocks Leading and Lagging Sectors Energy shares climbed by 0.8% on Friday. Meanwhile, top gainers in the sector included Renewable Energy Group, Inc. (NASDAQ: REGI ), up 38% and Nordic American Tankers Limited (NYSE: NAT ) up 21%. In trading on Friday, financials shares fell by 2.1%. Top Headline Dentsply Sirona Inc (NASDAQ: XRAY ) reported weaker-than-expected earnings for its fourth quarter. Dentsply Sirona’s Q4 FY21 sales increased 0.6% Y/Y to $1.09 billion, missing the consensus of $1.13 billion. Adjusted EPS decreased to $0.76 from $0.87 a year ago and below the consensus of $0.79. The company said it expects adjusted EPS of $3.05 - $3.25, up 6% -13% Y/Y, compared to the consensus of $3.19.

Renewable Energy Group Inc (NASDAQ: REGI ) is trading significantly higher Monday after Chevron Corp (NYSE: CVX ) announced an agreement to acquire the company. Under terms of the deal, Chevron is set to acquire the outstanding shares of Renewable Energy Group in an all-cash transaction valued at $3.15 billion, or $61.50 per share. "REG was a founder of the renewable … Full story available on Benzinga.com

Chevron Corp. agreed to buy green diesel producer Renewable Energy Group Inc. for $3.1 billion in the biggest low-carbon deal of Chief Executive Officer Mike Wirth’s four-year tenure.

Chevron, BP and Exxon are among the energy companies in focus this morning.

In a bid to increase efforts to produce cleaner energy, Chevron announced on Monday that it''s buying biodiesel maker Renewable Energy in a deal with more than $3 billion.

This article was originally published on TipRanks.com Chevron Corporation (NYSE: CVX) has announced plans to acquire Renewable Energy Group, Inc. The post Chevron Enters All-Cash Deal to Acquire Renewable Energy Group appeared first on Smarter Analyst .

Chevron (CVX) has announced that it is buying biodiesel maker Renewable Energy Group (REGI) in an all-cash deal valued at $3.15 billion U.S. The acquisition will enable Chevron to boost its clean-energy business, the company said in a news release. Chevron will pay $61.50 U.S. for each share of Renewable Energy, representing a premium of over 40% to the company’s last closing price. Major oil firms are facing increasing pressure from governments and investors to join the fight against climate change, given their large contributions to carbon dioxide emissions. Chevron has set a target to cut operational emissions to net zero by 2050 and last year pledged to invest $10 billion U.S. to reduce its carbon emissions footprint through 2028, with about $3 billion U.S. set aside for investments in renewable fuels. Ames, Iowa-based Renewable Energy is a producer and supplier of cleaner fuels such as biodiesel and renewable diesel. The deal is expected to accelerate progress toward Chevron’s goal to grow its renewable fuels production capacity to 100,000 barrels per day by 2030 and brings additional feedstock supplies and pre-treatment facilities, the company said in its written statement.

Chevron a annoncé lundi avoir trouvé un accord en vue de faire l''acquisition de Renewable Energy Group (REG) dans le cadre d''une transaction au compta - 28/02/2022 14:18

Energy giant Chevron announced today an agreement to acquire Renewable Energy Group (REG) for $3.15 billion in an all-cash transaction, in a move aimed at accelerating growth across Chevron’s renewable fuels value chain. REG converts renewable resources into high-quality, sustainable fuels, such as renewable diesel and biodiesel, as well as renewable chemicals that significantly lower […] The post Chevron Acquires Renewable Energy Group for Over $3 Billion appeared first on ESG Today .

Chevron Corp said on Monday it would buy biodiesel maker Renewable Energy Group Inc in an all-cash deal valued at $3.15 billion as the oil major looks to boost its clean-energy business.

Shares of Renewable Energy Group Inc. soared 32.6% in premarket trade Monday, after announcing an agreement for Chevron Corp. to acquire the company in an all-cash deal valued at $3.15 billion. Under the terms of the deal, Chevron will pay $61.50 per each Renewable Energy share owned, for a premium of about 57% over a 30-day averaged based on its closing stock price Friday. The deal is expected to close in the second half. "The transaction is expected to accelerate progress toward Chevron''s goal to grow renewable fuels production capacity to 100,000 barrels per day by 2030 and brings additional feedstock supplies and pre-treatment facilities," the company said in a statement. Once the deal closes, Chevron''s renewable fuels business will be headquartered in Ames, Iowa. Renewable Energy CEO Cynthia Warner will join the Chevron board. Renewable Energy shares are down 44% in the last 12 months, while the S&P 500 has gained 15%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

:Chevron Corp said on Monday it would buy biodiesel maker Renewable Energy Group Inc in an all-cash deal valued at $3.15 billion as the oil major looks to boost its clean-energy business. Chevron will pay $61.5 for each share of Renewable Energy, representing a premium of over 40per cent to the company''s last

(Reuters) – Chevron Corp said on Monday it had agreed to buy biodiesel maker Renewable Energy Group Inc in a deal valued at $3.15 billion as the oil major looks to boost its clean energy business.