NEW YORK (TheStreet) -- Chevron shares are down 0.4% to $108.17 in trading on Monday after the company announced that it is giving up its Romania shale gas project following an internal audit that showed further investment in the project would not yield the returns other projects in the company's pipeline would. "Chevron intends to pursue relinquishment of its interest in these (Romanian) concessions in 2015. This is a business decision which is a result of Chevron's overall assessment that this project in Romania does not currently compete favorably with other investment opportunities in our global portfolio," the company said in an email to Reuters. Exclusive Report: Jim Cramer's Best Stocks for 2015 This is the second time this year the company has reconsidered a project in the region with the company announcing the discontinuation of its shale project in Poland just a few weeks ago. Also placing pressure on Chevron stock today is falling oil prices. Industry benchmark Brent crude is down 1.44% to $59.35 while West Texas crude for April delivery is also down 2.89% to $49.34 in trading today. TheStreet Ratings team rates CHEVRON CORP as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation: "We rate CHEVRON CORP (CVX) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and weak operating cash flow." Highlights from the analysis by TheStreet Ratings Team goes as follows: CVX's debt-to-equity ratio is very low at 0.18 and is currently below that of the industry average, implying that there has been very successful management of debt levels. CVX, with its decline in revenue, slightly underperformed the industry average of 20.1%. Since the same quarter one year prior, revenues fell by 22.6%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share. Net operating cash flow has decreased to $6,497.00 million or 37.83% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower. The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. When compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, CHEVRON CORP's return on equity is below that of both the industry average and the S&P 500. You can view the full analysis from the report here: CVX Ratings Report
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