The oil sector is a cornerstone of the global economy, fueling a vast array of industries. It comprises companies involved in the exploration, extraction, refining, and marketing of oil and petroleum products. This sector is known for its cyclical nature, with prices influenced by geopolitical, economic, and environmental factors. Investing in oil stocks offers exposure to this crucial energy market.Investing in oil stocks can be lucrative due to the sector’s significant impact on global energy supplies. Th ...

Mario Tama Thesis Readers following our writings know that we have been long-term bulls for Chevron Corporation (NYSE:CVX). We have been arguing for a bullish thesis on the stock since early 2022, when the stock price was in the $130 range. Its stock price then rallied robustly and reached as high as $185 in early 2023. Since then, the stock price has suffered a correction of around 19% (see the chart below). And the thesis of this article is to argue that such correction has created an entry opportunit ...

The quarterly cycle has picked up notable steam, with a flurry of quarterly reports scheduled to come. As far as the oil/energy space is concerned, before the bell on Friday, we heard from ExxonMobil (XOM) and Chevron (CVX) . With a massive market capitalization of $402 billion and $288 billion, respectively, these two companies dominate and define the U.S. energy industry.Let’s take a closer look at each release to understand what was important within them.ExxonMobilExxonMobil beat fourth-quarter adjusted ...

Key PointsExxon Mobil had a mixed quarter, with margins impressing despite the deleverage of oil prices. Chevron had an equally good quarter and returned billions in capital to shareholders. Analysts see both stocks moving higher, but one is a deeper value and a better buy. 5 stocks we like better than Exxon MobilAs sketchy as the outlook for oil prices, a floor has been in place for over a year and is unlikely to be broken. Persistent demand and OPEC help to support the price, while rising production drive ...

The Energy sector is notorious for its inherent unpredictability, marked by sudden positive surges and downturns. While significant price swings have always characterized investments in oil and natural gas, the degree of uncertainty has markedly risen in recent years, especially following the aftermath of the COVID-19 pandemic.In such a volatile energy market context, a dividend increase serves as a signal from management of confidence in the company's future prospects. By elevating the dividend, management ...

Chevron (CVX 0.06%) doesn't get enough credit for its ability to pay dividends. The oil giant has increased its payout annually for 37 straight years. That's the second-longest streak in the oil patch, and it's particularly impressive given the sector's volatility. Beyond that, its dividend growth rate takes it up a level as an investment. The company has delivered above-average payout growth over the last five years (which is impressive considering its yield of 4.3%). And it should have plenty of capacity ...

Two energy behemoths — Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) — reported mixed fourth-quarter earnings. Both companies beat on the bottom line while missing on the top line. However, both Exxon Mobil and Chevron reported their second-biggest profit in a decade despite a fall in oil prices as strong U.S. oil production boosted revenues.This has put the focus on energy ETFs like Energy Select Sector SPDR (XLE) , Vanguard Energy ETF (VDE) , iShares U.S. Energy ETF (IYE) , Fidelity MSCI Energy Index ET ...

I stumbled upon some data a few years back that has altered my investment philosophy. According to data by Ned Davis Research and Hartford Funds, dividend growers and initiators have delivered superior total returns over the last half century (10.2% annualized). They have crushed the returns of the average stock in the S&P 500 (7.7% annual return for an equal-weighted S&P 500 index). This data has led me to increasingly focus on investing in companies that can grow their dividends. I recently bought three d ...

Key TakeawaysExxonMobil and Chevron reported their second-largest profits in a decade on Friday despite a fall in oil prices as strong U.S. oil production boosted revenue.Both companies took a hit from lower oil and gas prices, as well as impairment charges for California assets.U.S. production was a big driver of profit and both companies could have another strong year for production when their 2023 acquisitions close.Energy giants ExxonMobil (XOM) and Chevron (CVX) reported their second-largest annual pro ...

Chevron Corporation (NYSE:CVX) Q4 2023 Earnings Conference Call February 2, 2024 11:00 AM ET Company Participants Jake Spiering - General Manager, IR Mike Wirth - Chairman and CEO Pierre Breber - VP and CFO Conference Call Participants Biraj Borkhataria - RBC Capital Markets Neil Mehta - Goldman Sachs Doug Leggate - Bank of America Merrill Lynch Josh Silverstein - UBS Paul Cheng - Scotiabank Sam Margolin - Wolfe Research, LLC Nitin Kumar - Mizuho Devin McDermott - Morgan Stanley Jason Gabelman - TD Cowen Jo ...