Chevron Corporation’s (CVX) subsidiary, Chevron U.S.A. Inc., through its unit Chevron Shipping Company LLC, has partnered with Mitsui O.S.K. Lines, Ltd., Tokyo-based Japanese transport company, to launch a groundbreaking venture aimed at revolutionizing the shipping industry. This collaboration focuses on installing the Wind Challenger, a hard sail wind-assisted ship propulsion system developed by Mitsui and Oshima Shipbuilding, on a newly constructed LNG carrier.This partnership is part of CVX's broader mi ...

At its 52-week low, Chevron is an incredible stock to buy to earn steady and growing dividend income.Chevron (CVX 0.96%) is the second-largest publicly listed oil and gas producer in the U.S. today in terms of market capitalization, right behind ExxonMobil. It was founded in 1879 but expanded its asset base rapidly in recent decades across upstream and downstream energy, as well as chemicals, and hugely fortified its financial standing.Thanks to its financial flexibility and prudent capital allocation, Chev ...

The Oil/Energy market has been roiled by concerns over a slowdown in global economic activity, particularly the decline in fuel demand in China. The space has seen a brutal sell-off, with the Energy Select Sector SPDR — a key indicator of the largest U.S. energy companies — dropping 5.7% over the past month. Alongside the decline in crude oil prices, shares of major energy companies have plunged, with the likes of Chevron (CVX) , APA Corporation (APA) , and ConocoPhillips (COP) , among others, hitting new 5 ...

Stable demand in the energy sector makes it a great hunting ground for high-yield dividend stocks.Everyone loves a stock that pays a huge dividend, but finding one you can trust is not always easy. After all, what good is a high dividend yield if the company cuts the payout?Fortunately, there is hope. The energy industry can be a great place to look for big-time dividend stocks. Energy is the foundation of society; it's everywhere, whether used for transportation, heating your home, or manufacturing the goo ...

JHVEPhoto CVX stock: previous thesis and new developments Previously, I wrote an article about Chevron Corporation (NYSE:CVX) stock on May 8, 2024. The article was entitled "Chevron Stock's EPS Growth Potential Can Surprise Market" and assigned a buy rating to the stock. In the article, I argued: The market is significantly undervaluing CVX due to its strong EPS growth potential. My estimates show that every $1 increase in oil prices could boost Chevron's EPS by approximately $0.33, and I see a good chance ...

Chevron Corporation (CVX) has submitted an updated development plan to the government of Cyprus for the Aphrodite gas field located in the Mediterranean Sea. The company had initially submitted the details of the plan in July 2022. A few months later, it planned to proceed with an investment of $192 million to cover the project’s expenses. In May 2023, CVX had submitted an updated development plan, which was rejected by the government in August 2023.Details of CVX’s Revised Development PlanThe company has s ...

Shares of Chevron Corporation (CVX) have dropped by nearly 9% over the past three months to close at $142.07 on Wednesday, near 52-week lows of $139.62. Having underperformed its rival ExxonMobil (XOM) , the sector and the S&P 500, the company’s current share price seems an excellent opportunity to build a position in a renowned company — after all you would much rather buy closer to the low than the high, right? 3-Month Price Performance Image Source: Zacks Investment ResearchLet’s now take a close look at ...

Chevron continues to work toward boosting its output (and cash flow) from the Gulf of Mexico.Chevron (CVX -1.79%) has an elite record of growing its dividend. The oil giant delivered its 37 consecutive dividend increase earlier this year, the second-longest current streak in the oil patch. The company has grown its payout twice as fast as its closest peer over the last several years, including by 8% earlier this year. One of the secrets of its success is that Chevron focuses on returns over growth, which me ...

Chevron (CVX) closed the latest trading day at $142.07, indicating a -1.79% change from the previous session's end. This change lagged the S&P 500's 0.16% loss on the day. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, lost 0.3%.Coming into today, shares of the oil company had gained 1% in the past month. In that same time, the Oils-Energy sector gained 0.93%, while the S&P 500 gained 3.64%.Market participants will be closely following the financial results of Chevron in its upcoming r ...

Chevron Corporation (CVX) , one of the world’s leading integrated energy companies, has initiated water injection operations at two key projects in the deepwater U.S. Gulf of Mexico. This strategic move enhances oil and natural gas recovery at the Jack/St. Malo and Tahiti facilities, where CVX has been producing some of the world’s lowest carbon intensity oil and gas. The company’s efforts are a testament to its commitment to maximizing returns from existing resources while maintaining a strong production p ...