The recent stock market pullback left investors worried that future reports on the U.S. economy might negatively affect their portfolios, especially with July inflation, retail sales, and initial jobless claims data set to be released this week.Analysts at UBS caution that markets remain highly sensitive to any economic data that falls short of expectations, which could lead to increased volatility as recession fears linger. While this doesn’t necessarily indicate an immediate return to upward momentum, the ...

Chevron's announcement last week that it would relocate its corporate headquarters from California to Texas occurred in part because it was becoming increasingly difficult to do business in California, a Chevron executive said Thursday. Andy Walz, Chevron's president of Americas products, told reporters that the headquarters move comes after the company had gradually moved a number of employees from the San Ramon headquarters to the new headquarters in Texas in recent years as keeping them in the Golden Sta ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-00368 Chevron Corporation (Exact name of registrant as specified in its charter) 5001 Executive Parkway, Suite 200 Delaware 94-0890210 San Ramon, California 94583-5006 (State ...

Chevron Corporation (CVX) recently reported its second-quarter 2024 earnings, which fell short of expectations primarily due to weaker natural gas realizations and reduced margins on refined products. Although the company missed bottom-line forecasts, its revenues surpassed expectations, partially mitigating the disappointment. Chevron achieved an impressive 11% year-over-year increase in production, setting a new quarterly record in the Permian Basin. This robust volume, driven by efficient development str ...

jejim/iStock Editorial via Getty Images On our previous coverage of the Chevron Corporation (NYSE:CVX) and Hess Corporation (NYSE:HES) deal, we gave both firms a buy rating. But thanks to the pricing of the deal, we felt that there was a slightly better return profile for new investors on the HES options. With CVX you have a far lower upside in a flat price scenario. This stands true even when adjusting for dividends. The covered call also provides a high level of income and buffer in case the deal does ...

The oil giant is a cash-generating (and returning) machine.Chevron's (CVX -2.67%) strategy of focusing on investing in its highest-return assets has paid big dividends over the years. The company is generating a growing stream of cash flow, which is giving it lots of money to return to shareholders. Over the last two years, it has sent its investors a whopping $50 billion via dividends and share repurchases. The oil company expects to produce even more cash in the future, which should enable it to continue ...

KEY TAKEAWAYSExxonMobil's daily production reached the highest level in at least a quarter-century, driving second-quarter earnings that surpassed expectations.Weak non-U.S. and refinery results left Chevron's second-quarter profit short of consensus projections.Chevron announced key leadership changes and plans to relocate to Houston, Texas from California. ExxonMobil (XOM) fared much better than rival Chevron (CVX) despite record-high production in Texas' oil-and-gas-rich Permian Basin for both, as the U. ...

Oil giant Chevron is moving its headquarters to Texas from California, the latest company to exit the Golden State.The company on Friday announced its planned corporate relocation to Houston from San Ramon, where it has long been based.“The company expects all corporate functions to migrate to Houston over the next five years,” Chevron said. “Positions in support of the company’s California operations will remain in San Ramon.”Chevron said about 2,000 of its employees work in San Ramon at the moment and 7,0 ...

Chevron Corporation (CVX) reported adjusted second-quarter earnings per share of $2.55, lagging the Zacks Consensus Estimate of $2.88 and declining from the year-ago adjusted profit of $3.08. The underperformance stemmed from weaker natural gas realizations, plus a dip in refined product sales margins. This was partly offset by higher-than-expected U.S. production in the company’s key upstream segment. The unit’s domestic output of 1,572 thousand oil-equivalent barrels per day (MBOE/d) came in above the con ...

One of the goals of investing should be to put your portfolio on autopilot. Fill it with quality companies and then set it and forget it. The benefit of the strategy is it removes the temptation to trade in and out of stocks.JPMorgan Asset Management found that over the 20-year period between January 2003 and December 2022, if an investor put $10,000 into the S&P 500 and then left it alone for two decades, he would have almost $65,000 at the end.If that same investor tried to time his entry and exit points ...