Send me real-time posts from this site at my email
Zacks

Chevron Staff Gets Cut-Off Date to Remove Wechat From Phones

Chevron Corporation CVX has asked its workers worldwide to remove Tencent Holdings Ltd's TCEHY WeChat app from their work phones.

The move came just after the U.S. President Donald Trump mandated this Chinese social messaging app to go unserved domestically. The US oil major Chevron is the first company to act in accordance with Trump’s executive order.

In a staff email, Chevron acknowledged WeChat as a "non-compliant application" and notified its employees that those using the app on their official handsets need to delete it prior to Sep 27 or else their access to the company's network will be disconnected.

WeChat is an all-in-one Chinese mobile application developed by Tencent that can be used for messaging, social media and mobile payment. The app was first released in 2011 and has more than a billion users globally.

About Chevron

Chevron is one of the largest publicly-traded oil and gas companies in the world with its presence in almost every part of the globe. A key component of the Dow Jones Industrial Average, this energy player is a fully-integrated company, participating in every energy-related process, ranging from oil production to refining and marketing.

Zacks Rank & Key Picks

Chevron currently carries a Zacks Rank #3 (Hold). Some better-ranked players in the same space are Murphy USA Inc. MUSA and SilverBow Resources Inc. SBOW, each presently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.

See these 7 breakthrough stocks now>>


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
 
Tencent Holding Ltd. (TCEHY): Free Stock Analysis Report
 
Murphy USA Inc. (MUSA): Free Stock Analysis Report
 
SilverBow Resources Inc. (SBOW): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue