Following the U.S. sanctions on Russia’s Lukoil, which operated one of Iraq’s largest oilfields, Baghdad temporarily took control over the West Qurna 2 project, which accounts for 10% of all Iraqi oil production and 0.5% of global crude supply. Lukoil had a 75% equity stake in West Qurna 2, which produces more than 400,000 barrels per day (bpd) of crude oil. The U.S. sanctions made it impossible for Lukoil to continue operating the huge field. Following the U.S. sanctions on Lukoil and Rosneft, “as a r ...

Core Insights - U.S. natural gas futures have surged above $6 per million British thermal units (MMBtu) for the first time since 2022, driven by an Arctic blast that increased heating demand and constrained supply [1][4][6] - The price increase is expected to enhance profitability for exploration and production companies in the natural gas sector, benefiting diversified energy ETFs that hold these companies [2][6] Factors Behind the Price Surge - The surge in natural gas prices is attributed to intense weather-driven demand due to severe winter conditions, with nearly half of U.S. states declaring emergencies [4] - U.S. natural gas production fell by over 11 billion cubic feet per day due to operational disruptions caused by the storm, tightening supply further [5][6] - Despite robust gas storage levels prior to the storm, the immediate demand for heating created a short-term market squeeze [5] Impact on Companies - Major natural gas producers such as EQT Corporation, Expand Energy, and Coterra Energy are positioned to benefit from higher realized prices [6] - Larger diversified energy companies like ExxonMobil and Chevron, as well as LNG transporters like Kinder Morgan, are also expected to gain from the price rally [7] Advantages of Energy ETFs - Investing in energy ETFs mitigates risks associated with individual stocks, such as operational outages or regulatory hurdles, while providing diversified exposure across the sector [8][9] - Energy ETFs allow investors to capitalize on rising commodity prices and sector-wide profitability without relying on the performance of a single company [9][10] Recommended Energy ETFs - **State Street Energy Select Sector SPDR ETF (XLE)**: AUM of $31.16 billion, exposure to 22 companies, top holdings include ExxonMobil (24.14%) and Chevron (17.58%), up 10.7% over the past year [11][12] - **Vanguard Energy ETF (VDE)**: Net assets of $7 billion, exposure to 107 companies, top holdings include ExxonMobil (22.87%) and Chevron (15.02%), up 19.9% over the past year [13][14] - **Fidelity MSCI Energy Index ETF (FENY)**: Net assets of $1.28 billion, exposure to 101 companies, top holdings include ExxonMobil (22.98%) and Chevron (15.24%), up 10.6% over the past year [15] - **Global X U.S. Natural Gas ETF (LNGX)**: Net assets of $10.48 million, exposure to 34 companies, top holdings include Coterra Energy (8.21%) and Expand Energy (7.25%), up 10.8% over the past year [16][17]

Oil producer Chevron is set to boost exports of Venezuelan crude to the U.S. to some 300,000 barrels per day (bpd) in March, from 100,000 bpd in December and some 230,000 bpd so far this month, two sources with knowledge of the plans said on Wednesday. ...

Core Viewpoint - The energy sector, typically known for volatility, can still provide reliable dividends, as demonstrated by ExxonMobil and Chevron, which have successfully navigated the energy commodity cycle while rewarding investors with consistent dividend growth [1]. Company Overview - ExxonMobil and Chevron are integrated energy companies operating across upstream (energy production), midstream (pipelines), and downstream (chemicals and refining) segments, which helps mitigate the impact of oil and natural gas price fluctuations [3]. Dividend Performance - ExxonMobil has increased its dividend annually for over 40 years, while Chevron has maintained its dividend growth for more than 30 years, showcasing a level of consistency unmatched by peers like Shell, BP, and TotalEnergies, which have faced dividend cuts [4]. Dividend Yields - ExxonMobil offers a dividend yield of 3%, and Chevron provides a higher yield of 4.1%, significantly above the S&P 500 index's yield of 1.1%, making them attractive options for dividend investors [5]. Financial Strength - Both companies have strong balance sheets, with ExxonMobil's debt-to-equity ratio at 0.16 and Chevron's at 0.22, the lowest among their peers, allowing them to manage debt effectively during downturns and support dividends [6]. Investment Recommendation - Given their financial stability and dividend performance, ExxonMobil and Chevron are considered strong investment choices, with Chevron currently offering a better income opportunity for conservative investors [7].

With a market cap of $337.3 billion, Chevron Corporation (CVX) is one of the world’s largest and most prominent integrated energy companies, with operations spanning the entire oil and gas value chain. Headquartered in Texas, Chevron is engaged in exploration, production, refining, marketing, and petrochemicals, with a strong presence across North America, Asia, and other key global markets. Shares of this oil giant have underperformed the broader market over the past year. CVX has gained 7.5% over this ...

格隆汇1月28日｜RBC Capital将雪佛龙的目标价从175美元上调至195美元，维持"跑赢大市"评级。(格隆 汇) ...

Core Viewpoint - Chevron has appointed Thomas W. Horton, former Chairman and CEO of American Airlines, as an independent director on its board and a member of the audit committee [1] Group 1 - Horton is currently a partner at Global Infrastructure Partners, a global infrastructure investment firm [1] - He is also a board member of companies such as Walmart and GE Aviation [1] - Horton is 64 years old [1]

Core Insights - Chevron Corporation has appointed Thomas W. Horton as an independent member of its board of directors, emphasizing governance and capital discipline in a changing energy landscape [1][6] Group 1: Appointment Details - Horton, 64, is a partner at Global Infrastructure Partners and has prior experience as a senior advisor at Warburg Pincus, bringing significant expertise from capital investment and corporate leadership, particularly in the aviation sector [2] - He previously served as chairman and CEO of American Airlines, overseeing its merger with US Airways, which created the world's largest airline at that time [3] Group 2: Board Composition and Experience - Horton’s leadership and governance background is expected to provide valuable insights as Chevron focuses on long-term value creation [4] - He has extensive board-level experience, currently serving on the boards of Walmart and General Electric, and has previously been a director at Qualcomm and EnLink Midstream, aligning with Chevron's complex operating environment [5] Group 3: Strategic Focus - Chevron aims to balance growth in its core oil and gas business with shareholder returns and investments in lower-carbon technologies, emphasizing capital discipline and cost control [6] - The energy sector is witnessing a trend of board refreshment, with companies adding directors with expertise in infrastructure, finance, and project execution, reflecting increased scrutiny from investors on capital allocation and risk management [7] Group 4: Company Overview - Chevron is one of the largest integrated energy companies globally, involved in upstream oil and gas production, refining, petrochemicals, and fuels manufacturing, with ambitions to reduce carbon intensity and grow new energy businesses like hydrogen and carbon capture [8]

Core Viewpoint - The article discusses the increasing investment in Chevron by major asset managers, indicating a potential opportunity in the oil and gas sector as oil prices rebound and Chevron is perceived as undervalued relative to its future potential [1][2][3]. Group 1: Investment Activity - Major asset managers like BlackRock and The Vanguard Group have increased their positions in Chevron, with BlackRock acquiring an additional 20.1 million shares and Vanguard increasing its position by 27.9 million shares [3]. - Fayez Sarofim & Co has also raised its position by approximately 1.3 million shares, reflecting a broader trend of institutional investment in Chevron [5]. Group 2: Valuation and Future Potential - Chevron is currently trading at around 21.5 times forward earnings, which is considered high for an integrated oil and gas stock, but may not accurately reflect its future earnings potential [7]. - Long-term earnings forecasts predict a significant increase in earnings per share from $6.73 to $13.55 within two years, supported by Chevron's focus on cost reduction and cash flow growth [8]. Group 3: Return on Capital and Strategic Initiatives - Chevron's return-of-capital efforts, including a share repurchase program and a dividend yield of 4.1%, are expected to enhance long-term returns for investors [9]. - The company is also investing in projects to provide energy to AI data centers, which could serve as an additional catalyst for stock performance [9].

Chevron Corporation (NYSE:CVX) is included among the Best Low Risk Stocks for a Retirement Stock Portfolio. Morgan Stanley Updates Chevron (CVX) Valuation on Lower Oil Price Assumptions Morgan Stanley cut its price target on Chevron Corporation (NYSE:CVX) to $174 from $180 on January 23. However, the firm reiterated an Overweight rating on the stock. The adjustment followed an update to the firm’s 2026–2027 oil price assumptions, based on futures pricing as of January 7, and was released alongside its fo ...