NEW YORK (TheStreet) -- Shares of Chevron Corp. (CVX - Get Report) are lower by -0.13% to $130.30 as the oil and gas company divested its assets in Lithuania and pulled out of the country, according to its website:
"Chevron closed its office in Vilnius, Lithuania. The company has divested its 50% equity interest in LL Investicijos."
Chevron won a tender to explore for shale gas in the Baltic state in 2013, but pulled out from the tender later citing an uncertain legal framework, Reuters reports.
- CVX's debt-to-equity ratio is very low at 0.15 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.02, which illustrates the ability to avoid short-term cash problems.
- Net operating cash flow has increased to $8,417.00 million or 47.30% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 17.65%.
- Compared to where it was 12 months ago, the stock is up, but it has so far lagged the appreciation in the S&P 500. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- CVX, with its decline in revenue, slightly underperformed the industry average of 3.2%. Since the same quarter one year prior, revenues slightly dropped by 6.2%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- You can view the full analysis from the report here: CVX Ratings Report