logo
Chevron and Exxon Lead $34B US-Indonesia Energy and Trade Pact

Chevron and Exxon Lead $34B US-Indonesia Energy and Trade Pact

Yahoo3 days ago
The U.S.-based Chevron Corporation CVX and Exxon Mobil Corporation XOM are set to sign a $34 billion memorandum of understanding (MoU) with Indonesia, which will deepen the economic and strategic ties between the two countries. The deal, involving U.S. energy giants ExxonMobil and Chevron alongside Indonesia's state-run Pertamina, marks a robust step toward enhanced cooperation across energy, agriculture and infrastructure sectors.
The MoU, expected to be signed on the same day during business hours, reflects both countries' intent to build long-term partnerships that go beyond traditional trade. According to Indonesia's senior officials, this collaboration is geared not only toward expanding investment but also advancing technology transfer and energy resilience.
At the heart of the agreement lies a significant commitment to energy collaboration. ExxonMobil, with more than 125 years of presence in Indonesia, continues to deepen its roots by boosting oil output from Cepu block, adding 30,000 barrels per day (bpd) and bringing total output to 180,000 bpd, which now contributes to 25% of Indonesia's national oil production. Chevron, currently carrying a Zacks Rank #3 (Hold), too, is expected to play a major role in facilitating technology exchange and future exploration activities.
This focus on energy aligns with Indonesia's push for self-sufficiency and sustainability in energy, while providing America's firms a strategic foothold in Southeast Asia, an increasingly vital region amid global supply-chain realignments.
In addition to energy, the MoU spans agriculture, with Indonesia agreeing to import major U.S. commodities such as soybeans, corn and cotton. This aspect of the agreement reinforces food security for Indonesia and provides U.S. farmers a reliable export destination amid rising global trade uncertainties.
With agricultural exports often tied to broader geopolitical dynamics, this pact sends a clear signal of mutual commitment and stability in trade relations.
Beyond economics, the $34 billion deal signals America's strategic intent to bolster engagement with Southeast Asia, a region central to Indo-Pacific stability. The agreement comes just as the United States prepares to impose new tariffs at the end of a 90-day moratorium, underlining the importance of securing reliable, cooperative trade partners like Indonesia.
As terms of the MoU remain under wraps, the scale and diversity of the agreement suggest a long-term agenda of commercial growth balanced with strategic alignment, a formula likely to shape the U.S.-Indonesia relationship for years to come.
Investors interested in the energy sector might look at some better-ranked stocks like BKV Corporation BKV andFlotek Industries, Inc. FTK. Both BKV and Flotek currently sport a Zacks Rank #1 (Strong Buy) each. You can see the complete list of today's Zacks #1 Rank stocks here.
BKV Corporation is an energy company that produces natural gas from its owned and operated upstream businesses. The Zacks Consensus Estimate for BKV's 2025 earnings indicates 338.18% year-over-year growth.
In the oil and gas sector, Flotek serves major and independent energy producers and oilfield service companies, both domestic and international. The Zacks Consensus Estimate for FTK's 2025 earnings indicates 64.71% year-over-year growth.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Chevron Corporation (CVX) : Free Stock Analysis Report
Exxon Mobil Corporation (XOM) : Free Stock Analysis Report
Flotek Industries, Inc. (FTK) : Free Stock Analysis Report
BKV Corporation (BKV) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Will Citizens Financial Group (CFG) Beat Estimates Again in Its Next Earnings Report?
Will Citizens Financial Group (CFG) Beat Estimates Again in Its Next Earnings Report?

Yahoo

time3 hours ago

  • Yahoo

Will Citizens Financial Group (CFG) Beat Estimates Again in Its Next Earnings Report?

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Citizens Financial Group (CFG), which belongs to the Zacks Banks - Northeast industry. This bank has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 2.54%. For the last reported quarter, Citizens Financial Group came out with earnings of $0.77 per share versus the Zacks Consensus Estimate of $0.75 per share, representing a surprise of 2.67%. For the previous quarter, the company was expected to post earnings of $0.83 per share and it actually produced earnings of $0.85 per share, delivering a surprise of 2.41%. With this earnings history in mind, recent estimates have been moving higher for Citizens Financial Group. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Citizens Financial Group has an Earnings ESP of +1.55% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on July 17, 2025. With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss. Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Citizens Financial Group, Inc. (CFG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research

Why Gray Media (GTN) Dipped More Than Broader Market Today
Why Gray Media (GTN) Dipped More Than Broader Market Today

Yahoo

time3 hours ago

  • Yahoo

Why Gray Media (GTN) Dipped More Than Broader Market Today

Gray Media (GTN) ended the recent trading session at $5.36, demonstrating a -4.63% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.33%. Meanwhile, the Dow lost 0.63%, and the Nasdaq, a tech-heavy index, lost 0.22%. Shares of the broadcast television company witnessed a gain of 43.73% over the previous month, beating the performance of the Consumer Discretionary sector with its gain of 4.98%, and the S&P 500's gain of 4.07%. The upcoming earnings release of Gray Media will be of great interest to investors. The company's earnings report is expected on August 8, 2025. It is anticipated that the company will report an EPS of -$0.34, marking a 477.78% fall compared to the same quarter of the previous year. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.72 per share and revenue of $3.15 billion, indicating changes of -121.43% and -13.67%, respectively, compared to the previous year. Investors should also pay attention to any latest changes in analyst estimates for Gray Media. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, Gray Media is carrying a Zacks Rank of #3 (Hold). The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 149, finds itself in the bottom 40% echelons of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Gray Media Inc. (GTN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research

Will Certara (CERT) Beat Estimates Again in Its Next Earnings Report?
Will Certara (CERT) Beat Estimates Again in Its Next Earnings Report?

Yahoo

time3 hours ago

  • Yahoo

Will Certara (CERT) Beat Estimates Again in Its Next Earnings Report?

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Certara, Inc. (CERT), which belongs to the Zacks Medical - Biomedical and Genetics industry. When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 11.54%, on average, in the last two quarters. For the last reported quarter, Certara came out with earnings of $0.14 per share versus the Zacks Consensus Estimate of $0.13 per share, representing a surprise of 7.69%. For the previous quarter, the company was expected to post earnings of $0.13 per share and it actually produced earnings of $0.15 per share, delivering a surprise of 15.38%. With this earnings history in mind, recent estimates have been moving higher for Certara. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Certara currently has an Earnings ESP of +2.44%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on August 6, 2025. When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss. Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Certara, Inc. (CERT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store