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Chevron boss eyes up to $8bn growth in cash flow next year
Proactiveinvestors NA· 2025-01-08 18:28
About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...
ICIC Honors the Nation's Fastest-Growing Businesses in Under-Resourced Communities
GlobeNewswire News Room· 2025-01-08 17:39
Boston, Massachusetts, Jan. 08, 2025 (GLOBE NEWSWIRE) -- The Initiative for a Competitive Inner City (ICIC) proudly announces the winners of the 2024 Inner City 100 (IC100) awards, recognizing the 100 fastest-growing businesses in under-resourced communities across the U.S. The annual awards, now in their 26th year, celebrate companies that drive economic revitalization, create jobs, and inspire innovation in their communities. The 2024 IC100 winners, evaluated and ranked based on revenue growth from 2019 t ...
Chevron: Why I Agree With The Crowd On This One
Seeking Alpha· 2025-01-07 23:09
Article Overview - The article discusses Chevron stock (NYSE: CVX) and provides actionable investment ideas based on independent research [1] - The analysis is part of a series of in-depth articles published at least once a week, focusing on investment opportunities [1] Performance and Market Context - The research has helped members outperform the S&P 500 and avoid significant losses during periods of extreme volatility in both equity and bond markets [2] - The approach emphasizes risk management and proven methods to navigate market uncertainties [2]
Cold Front, Hot Stocks: Diesel Prices Propel Energy Leaders
MarketBeat· 2025-01-05 12:15
Diesel Market Dynamics - Diesel prices surged due to forecasts of an extremely cold winter and rising natural gas prices, with the average retail diesel price increasing by $0.027 to $3.503 per gallon [1] - Ultra-low sulfur diesel (ULSD) futures rose by $0.055 per gallon to $2.2995, marking a 2.44% gain and the highest settlement since November 5th [1] - Natural gas prices on the Chicago Mercantile Exchange (CME) increased by almost 152% since March 26th, impacting the transportation sector and broader economy [2] - U.S. inventories of non-jet distillates stood at 116.5 million barrels as of December 20, 2024, significantly lower than the five-year average of 125.4 million barrels [3] - Rising diesel demand, driven by cold weather forecasts and low supply, creates a favorable environment for energy companies [3][4] Chevron Corporation - Chevron is the second-largest integrated oil company in the U.S. with a market capitalization of around $265 billion and global operations [6] - The company reported Q3 2024 earnings of $4.5 billion and a record cash flow from operations of $9.7 billion, with a quarterly dividend of $1.63 per share [7] - Chevron is targeting $2-3 billion in structural cost reductions by the end of 2026, including a $0.7 to $0.9 billion after-tax restructuring charge in Q4 2024 [8] - The company announced the sale of its Canadian assets for $6.5 billion as part of its portfolio optimization strategy [8] ExxonMobil Corporation - ExxonMobil is one of the world's largest publicly traded energy companies with a market capitalization of around $475 billion [10] - The company reported Q3 FY2024 earnings of $8.6 billion, or $1.92 per share, and achieved a record liquids production of 3.2 million barrels per day [10] - ExxonMobil declared a Q4 dividend of $0.99 per share, a 4% increase, and plans to repurchase over $19 billion of shares in 2024 [12] - The company has achieved $11.3 billion in cumulative structural cost savings and aims to deliver $15 billion in savings by the end of 2027 [13] Investment Opportunities - The surge in diesel prices presents a compelling investment opportunity in energy stocks, particularly for Chevron and ExxonMobil [14] - Both companies are well-positioned to benefit from increased diesel demand due to their strong financial positions, diversified operations, and commitment to dividend growth [14][15] - Chevron and ExxonMobil offer a balance of income and growth potential, making them suitable for beginner to intermediate investors navigating the dynamic energy market [15]
Better Buy for 2025: ExxonMobil or Chevron?
The Motley Fool· 2025-01-03 13:15
Natural gas prices recently jumped 20% in a single day. That's a pretty shocking move but, frankly, not all that unusual when it comes to energy prices. If you are looking at the broader energy sector and trying to figure out which stock to buy as 2025 gets underway, your best option is probably going to be an integrated energy giant like ExxonMobil (XOM -0.24%) or Chevron (CVX 1.29%).Here's how these two U.S. energy giants stack up and why you might want to pick Chevron.The benefits of integrationAs the na ...
1 Warren Buffett Stock to Buy Hand Over Fist in January
The Motley Fool· 2025-01-03 11:15
Buffett has raised a staggering $325 billion in cash but has relucted to sell much of this stock to do it.There might not be an investor who has done it as well for as long as the great Warren Buffett. Nicknamed the Oracle of Omaha, Buffett is still actively involved in key decisions at Berkshire Hathaway, the holding company he's managed for decades. Berkshire Hathaway has aggressively raised its cash to a staggering $325 billion, selling lots of stock to make that happen.Buffett raising so much cash could ...
Chevron, Kimberly-Clark Among 15 Companies To Announce Dividend Increases In January
Seeking Alpha· 2024-12-31 00:02
I'm an individual investor looking to grow my wealth over the long term. I've tried many different styles of investing over the last 25 years and have found that buying dividend growth stocks and reinvesting the dividends is one of the easiest ways to grow wealth over the long term. Over the years, I've owned stocks, options, ETFs, treasury notes, and mutual funds. I operate a blog, HarvestingDividends.com, that provides information on the S&P Dividend Aristocrats and other dividend growth stocks.Analyst’s ...
The Zacks Analyst Blog Canadian Natural Resources Limited, Chevron and Kinder Morgan
ZACKS· 2024-12-30 08:16
For Immediate ReleasesChicago, IL – December 30, 2024 – Zacks.com announces the list of stocks and featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Canadian Natural Resources Limited (CNQ) , Chevron (CVX) and Kinder Morgan (KMI) .Here are highlights from Monday’s Analyst Blog:3 High-Yield Energy Giants That Are Worth a Closer LookAs 2024 draws to a close, Wall ...
3 Top Energy Stocks to Buy in 2025
The Motley Fool· 2024-12-29 13:21
Chevron - Chevron has a strong balance sheet with a debt-to-equity ratio of 0.2, providing flexibility to leverage during energy downturns [1] - The company offers an attractive 4.5% dividend yield, making it a compelling investment [1] - Chevron has a 37-year streak of annual dividend increases, showcasing its reliability [13] - As an integrated energy company, Chevron operates across upstream, midstream, and downstream sectors, which helps mitigate industry volatility [8] Enterprise Products Partners - Enterprise Products Partners had a solid year in 2024, with a 5% growth in distributable cash flow in Q3 and a 5% increase in distribution payments [14] - The company has several organic expansion projects expected to enter commercial service in 2025, driving cash flow growth [2] - The acquisition of Pinon Midstream for $950 million is expected to add $0.03 per unit in 2025, with further upside potential [3] - The company’s distribution yield is 6.8%, significantly higher than the S&P 500 average of 1.2% [9] Occidental Petroleum - Occidental Petroleum has sufficient cash to repay debt maturing in 2025 and aims to further reduce debt even in a low-oil price environment [5] - The company has already achieved 90% of its $4.5 billion debt reduction target within three months of the CrownRock acquisition, driven by strong Q3 cash flow [16] - CrownRock’s assets in the Permian Basin are contributing to Occidental’s production and cash flows [11] - Occidental’s low-carbon ventures and OxyChem businesses are additional growth catalysts [11] Energy Sector Overview - Energy stocks in the S&P 500 underperformed in 2025, with the Energy Select Sector SPDR Fund up only 1%, compared to the S&P 500’s 25% rally [6] - Occidental Petroleum was one of the largest underperformers in 2024, losing 19% of its value, partly due to debt from the CrownRock acquisition [10] - Chevron, Enterprise Products Partners, and Occidental Petroleum are expected to deliver strong performances in 2025 [12]
2 Bold Oil Stock Predictions for 2025
The Motley Fool· 2024-12-28 11:26
This past year has been a relatively quiet one for the oil market. After a brief bounce, crude prices are on track to end 2024 in the low $70s -- right around where they began the year. There haven't been any major supply disruptions, and demand has remained resilient. It's anyone's guess what oil prices will do in 2025. I've seen predictions that crude will remain around its current level next year, while other prognosticators believe it could collapse to $50 a barrel. Given that oil prices are tough to pr ...