据知情人士透露，特朗普政府正准备向雪佛龙公司颁发一份量身定制的许可证，允许这家石油生产商对 委内瑞拉的基本业务进行最低限度的维护。（彭博） ...

美国据悉准备向 雪佛龙公司颁发许可证，允许这家石油生产商对委内瑞拉的基本业务进行最低限度的 维护。 ...

It's often said that money doesn't grow on trees. In the literal sense, leaves on a tree are a naturally regenerating resource in abundance, whereas money is a man-made creation.This article was co-produced with Kody Kester.Introducing iREIT®Join iREIT® on Alpha today to get the most in-depth research that includes REITs, mREIT, Preferreds, BDCs, MLPs, ETFs, Builders, and Asset Managers. Our iREIT® Tracker provides data on over 250 tickers with our quality scores, buy targets, and trim targets.We recently a ...

Core Viewpoint - Chevron and Petrobras, both major players in the global Oil/Energy sector, are facing significant challenges that may lead investors to reconsider their long-term viability as investments [2][15][17]. Chevron Corporation (CVX) - In Q1 2025, Chevron reported cash flow from operations of $5.2 billion, a decrease of 23.5% year-over-year, attributed to lower oil price realizations and tax payments from divestments [3]. - Total revenues for Chevron were $47.6 billion, missing Zacks Consensus Estimates, with earnings dropping to $3.5 billion from $5.5 billion [3]. - The company's debt-to-total capitalization has risen to 16.6% after issuing $5.5 billion in new debt to fund dividends and buybacks, while quarterly buybacks have been reduced to $2.5–$3 billion from $4 billion [4]. - Concerns about the future of Permian production and the proposed Hess acquisition highlight the need for diversification amid cautious investor sentiment regarding shale [5]. - Chevron's forward P/E ratio stands at 17.55, significantly above the sector median, indicating potential for further multiple compression as earnings estimates decline [6]. Petrobras (PBR) - Petrobras reported a consolidated net income of $6 billion in Q1, a 25% increase year-over-year, but adjusted EBITDA fell to $10.4 billion from $12.1 billion, with revenues down 11.3% to $21.1 billion [9]. - Free cash flow declined by 30.7% year-over-year, raising concerns about the sustainability of its 9% annualized dividend yield, especially with Brent crude prices between $60 and $65 per barrel [10]. - The company faces significant political risks, with state influence affecting governance and capital deployment, and a strategic plan focusing on politically favored segments rather than core upstream assets [11]. - Petrobras's net debt has risen to $56 billion, with a net debt/EBITDA ratio of 1.45, up from 0.86 a year earlier, compounded by currency risk and regulatory challenges [11]. - The forward P/E ratio for Petrobras is 4.54, reflecting persistent political uncertainty and structural inefficiencies, with EPS estimates for the year dropping to $2.75 from $3.01 [12]. Price Performance - Year-to-date, Chevron's stock has decreased by approximately 7%, while Petrobras has seen a decline of over 8%, driven by weakening oil prices and concerns over state intervention [14]. Conclusion - Both Chevron and Petrobras are currently facing declining cash flows, rising debt, and other operational challenges, leading to a Zacks Rank of 5 (Strong Sell) for both companies, suggesting they may underperform in the near term [15][17].

Berkshire Hathaway (BRK.A -0.32%) (BRK.B -0.70%), the conglomerate led by renowned investor Warren Buffett, owns stakes in two large oil companies, Occidental Petroleum (OXY -0.09%) and Chevron (CVX -0.15%). With oil prices relatively weak today, conservative income investors would likely be better off following Buffett's lead into Chevron. In fact, the energy giant is a no-brainer buy right now.What does Chevron do?Chevron is an integrated energy company: It has operations in oil and natural gas extraction ...

Chevron Corporation (CVX) , along with several European oil companies, is actively engaged in high-level negotiations with the Trump administration to retain stakes in joint ventures with Venezuela’s state-owned oil firm, Petróleos de Venezuela, S.A.  (“PDVSA”), according to Reuters. These talks follow the U.S. government’s decision in March to revoke longstanding licenses that previously allowed limited operational continuity between international firms and PDVSA amid ongoing sanctions. Revoked Licenses Di ...

Group 1 - Jefferies has lowered the target price for Chevron from $197 to $176 [1] - Jefferies has also reduced the target price for ExxonMobil from $140 to $134 [1]

Core Insights - Chevron is a significant holding in Warren Buffett's Berkshire Hathaway, representing 6.8% of its outstanding shares valued at $16.7 billion, making it the fifth-largest holding in Buffett's portfolio [1] - The company offers a high dividend yield of 4.9%, significantly above the S&P 500 average of 1.3%, with an annualized dividend of $6.84 per share [4][5] - Chevron's strong financial position, characterized by a low net debt ratio of 14%, allows for continued investment and shareholder returns even during low oil price periods [6] Dividend Stability - Chevron has a history of consistent dividend growth, having increased its dividend for 38 consecutive years, outperforming peers in growth over the last decade [7] - The company is expected to generate over $800 million in dividend income for Berkshire Hathaway in the current year [1] Growth Prospects - Chevron anticipates a 6% compound annual growth rate in oil and gas production, driven by projects in the Gulf of Mexico, Permian Basin, and Kazakhstan, potentially generating an additional $9 billion in free cash flow at $60 oil [9][10] - The company is expanding its exploration efforts, having added over 11 million net exploration acres since last year, and is also advancing lower-carbon energy initiatives [10][11] Strategic Acquisitions - Chevron is in the process of acquiring Hess, which is expected to enhance its production and cash flow growth outlook into the 2030s, with confidence in winning a related arbitration case against Exxon [12][13] Conclusion - Chevron's robust business model, strong financial health, and growth initiatives position it as a superior dividend stock for passive income, appealing to investors seeking reliable returns [14]

Group 1: Oil Price Trends - Crude oil prices have fallen over 10% this year, with Brent crude now in the low $60s, impacting cash flows for oil companies [1] - The significant concern for oil companies arises when prices drop below $50 per barrel, as this is the break-even point for some firms [6] Group 2: Company Resilience - TotalEnergies is well-positioned to handle lower oil prices due to its diversified business model and strong cash reserves, with a net debt-to-equity ratio around 15% [4][5] - ExxonMobil's upstream segment, which accounts for nearly 70% of its earnings, is expected to maintain resilience, with a projected breakeven price dropping to $35 per barrel by 2027 and $30 by 2030 [9][10] - Chevron has the lowest upstream breakeven level in the industry at around $30 per barrel, supported by strategic acquisitions and a strong balance sheet with a net debt ratio of 14% [13][15] Group 3: Financial Strategies - TotalEnergies maintains a sustainable 6.7% dividend yield due to its diversified operations and efficient management [7] - ExxonMobil anticipates generating nearly $110 billion in incremental cash flow by 2030 at a Brent price of $55, with plans to invest nearly $140 billion in major projects [11][12] - Chevron's investments are expected to generate an additional $9 billion in annual free cash flow at $60 oil, alongside a potential $60 billion acquisition of Hess to enhance its resource portfolio [16][17]

Core Viewpoint - Chevron is positioned as an excellent dividend stock for passive income investors, despite a recent decline in stock price and low oil prices [1][3][13] Financial Performance - Chevron's stock has fallen approximately 16% from its 52-week high, which occurred less than two months ago [1] - Brent crude oil prices are at multi-year lows, impacting Chevron's margins and leading to lower revenue and earnings growth [3] - The company has become more efficient, with expected incremental free cash flow (FCF) of $9 billion by 2026 at a Brent price of $60 per barrel [5] Operational Efficiency - Chevron has the lowest upstream breakeven in its peer group, around the low $30-per-barrel Brent range, outperforming competitors like ExxonMobil and Shell [6] - The company anticipates a 50% increase in Gulf Coast production by 2026, driven by the expansion of its deepwater Anchor project [7] Shareholder Returns - Chevron has consistently executed stock buybacks, with $11.26 billion in 2022, $14.94 billion in 2023, and $15.23 billion planned for 2024 [8] - The company plans to spend $2.5 billion to $3 billion on buybacks in the second quarter of 2024, while maintaining a strong cash return to shareholders [9] - Chevron's quarterly dividend expenditure is around $3 billion, with a 38-year history of increasing dividends, resulting in a yield of 4.8% [10][11] Financial Health - The company's debt ratio stands at 14.4%, which is below its target range of 20% to 25%, indicating a strong balance sheet [12] Investment Outlook - Chevron is viewed as a reliable dividend stock with a strong track record, capable of generating high FCF and supporting future buybacks and dividend increases [13][14]