The ongoing bullish trend in oil prices is encouraging exploration and production activities. Upstream players are expected to expand their operations in prolific shale resources, leading to a rise in the number of drilling rigs. As drilling activities increase, production is likely to grow, providing benefits to businesses engaged in exploration and production.Oil Price HighWest Texas Intermediate crude price is hovering around $85 per barrel, which is highly favorable for exploration and production activi ...

I'm self-employed, so I'm on my own when it comes to saving for retirement. I don't have a pension plan or a 401(k) match to help me retire more comfortably. So I take a reasonably cautious approach with my retirement account. I strive to make investments that I firmly believe will grow my retirement nest egg over the long term.That's why I focus on dividend stocks. They are proven wealth creators. Over the past 50 years, the average dividend stock in the S&P 500 has delivered a 9.1% average annual total re ...

Wall Street is ready for the start of the second quarter, and this is the time for investors to take a good look at their portfolios. The first quarter was an excellent time to invest in stocks, with the Nasdaq and S&P 500 hitting new highs. The economy is improving, and the Fed has promised a rate cut later this year. All of these signs mean there is a high chance for the stock market to rally, and your investment portfolio could make you significant gains. Several stocks are nearing the 52-week high, whil ...

Chevron Corporation (CVX) has piloted the first hybrid electric bunker tanker in Singapore, called the Marine Dynamo. This is a test to see if the technology can be used more extensively. This revolutionary step represents a significant advancement in the maritime industry, demonstrating Chevron's commitment to reducing emissions and adopting modern technology.Revolutionizing Maritime OperationsThe Marine Dynamo, operated by V-Bunkers, made its debut at Singaporean facilities during the previous summer, sig ...

The Magnificent Seven includes some of the most innovative tech-orientated companies on the market. But what if there was a Magnificent Seven for dividend stocks?Microsoft (MSFT -0.15%), Coca-Cola (KO 0.03%), Procter & Gamble (PG -0.12%), Chevron (CVX -0.13%), Home Depot (HD -1.25%), JPMorgan Chase (JPM -1.23%), and United Parcel Service (UPS 0.61%) represent their industries well and are all top dividend stocks you can count on for decades to come. Here's why they would make my list for the Magnificent Sev ...

Key PointsThe energy sector quietly nears 52-week highs amid all-time highs in the U.S. market, indicating a pivotal moment.XLE demonstrates resilience with a 9.5% year-to-date increase, approaching a potential breakout near $93, attracting significant interest.Key sector players and the ETF's top three holdings, XOM, CVX, and SLB, show positive momentum.5 stocks we like better than SchlumbergerAs the U.S. market hovers near all-time highs, one sector has quietly surged higher and now stands at a critical j ...

A Mizuho Financial analyst recently reiterated a "buy" rating on Chevron (CVX -1.37%) and increased the price target from $195 to $200.The move follows from a Piper Sandler analyst recently reiterating an "overweight" rating on the stock with a $180 price target. The stock currently trades at just under $155, so both price targets suggest substantial upside potential. For example, the Mizuho target implies a 29% upside over the next 12 months or so. When you add in the 4.2% dividend yield, the potential ret ...

The energy market has witnessed significant mega-merger deals as oil prices continue to stay in bullish territory. Oil and gas companies are swiftly pursuing additional drilling resources in key basins and shale plays, aiming to boost profits through increased production of these commodities.High Oil Price & Merger FrenzyThe West Texas Intermediate crude has surpassed the $80 per barrel mark, which is highly conducive for exploration and production endeavors. Per the short-term energy outlook from the U.S. ...

For a guy who loves to invest, Warren Buffett isn't doing much of it these days. In the fourth quarter of 2023, Buffett bought only three stocks for Berkshire Hathaway's portfolio. Chevron (CVX 0.78%) was one of them.Buffett increased Berkshire's stake in the oil and gas giant by 14.4% in Q4. Chevron ranks as the fifth-largest holding in the conglomerate's portfolio. The simple fact: Buffett is loading up on this high-yield dividend stock. Here are four reasons why I am too.1. The price is rightBy most metr ...

Dividend stocks at the present juncture might seem an overly conservative approach. After all, the market still appears enamored with artificial intelligence, cryptocurrencies and other risk-on investment categories. Nevertheless, diversification into passive-income plays could be prudent.Earlier this month, Bank of America reported that investors pulled $4.4 billion from tech stocks in the week ending March 6. That’s the biggest-ever outflow. Also, investors began pouring money into investment-grade bonds, ...