PM Images I have been a fan of the oil and gas industry for some time and am invested in several upstream producers, such as Exxon Mobil (XOM) and BP p.l.c. (BP), in addition to midstream operators, including Energy Transfer (ET), Enterprise Products Partners (EPD), Kinder Morgan (KMI), and Enbridge (ENB). The more I look at how the global energy mix is evolving, the more I get bullish on the oil and gas industry. I am pro-renewables and have several investments in the space, but the reality is that hydroca ...

Loading up on passive-income opportunities at reasonable valuations can be a winning strategy for long-term investors.This year has been a great one for the broader indexes like the S&P 500 and the Nasdaq Composite, which have been driven higher by outsize gains in megacap growth stocks. But other pockets of the market have done fairly poorly, like industry-leading dividend payers whose consistency and stability shine in a downturn but are getting overlooked in today's market.PepsiCo (PEP 1.10%), Deere (DE ...

Sundry Photography In June the Organization of Petroleum Exporting Countries, OPEC, agreed to supply cuts until the end of the next year which obviously creates a favorable backdrop for big U.S. oil majors like Chevron Corporation (NYSE:CVX). The company has seen stock price weakness in the last couple of weeks, despite crude oil prices trending higher, and there is a good reason to suspect that OPEC’s support for prices will equate to profit growth for Chevron Corporation, possibly even for an extended ...

Chevron Corporation (CVX) , one of the world's leading integrated energy companies, has confirmed its selection of a drilling rig to undertake a high-profile exploration well in Namibia's Orange Basin. This significant development was revealed by Northern Ocean Ltd., a provider of offshore contract drilling services. Northern Ocean announced on Jun 27 that an unnamed major had reserved the Deepsea Bollsta semi-submersible for this exploration operation, anticipated to commence in the fourth quarter of 2024. ...

This oil supermajor is a go-to stock for investors looking to bolster their passive income streams.While there are plenty of dividend opportunities available in the oil patch, Chevron (CVX 0.06%) stands as one of the most popular options for income investors. From its lengthy record of boosting its distribution to the fact that Chevron has earned the Warren Buffett seal of approval (it's one of the largest holdings in the Berkshire Hathaway portfolio), there are a variety of reasons investors power their po ...

Birds fly outside the U.S. Supreme Court on the day justices issue orders in pending appeals in Washington, U.S., June 24, 2024.Republican lawmakers and the U.S. Chamber of Commerce praised the Supreme Court decision Friday overturning the so-called Chevron Doctrine, which for four decades led judges to defer to how federal agencies interpreted a law when its language was not clear.GOP lawmakers said the 6-3 decision by the Supreme Court undid a precedent that they argued had unjustly strengthened the power ...

Washington, D.C., June 28, 2024 (GLOBE NEWSWIRE) -- Today, the U.S. Supreme Court decided 6-3 to overturn the 1984 Chevron v. Natural Resources Defense Council case and with it the unconstitutional Chevron doctrine. It did so in the New Civil Liberties Alliance’s case, Relentless Inc. v. Dept. of Commerce, argued in tandem with Loper Bright Enterprises, et al. v. Raimondo. The Court vacated and remanded the First Circuit’s decision that upheld a National Oceanic and Atmospheric Administration (NOAA) and Nat ...

The Oracle of Omaha and his team have demonstrated a strong preference for oil and energy stocks, as evidenced by the fact that 9.9% of Berkshire Hathaway's total portfolio value is invested in two major energy companies — Chevron Corporation (CVX) and Occidental Petroleum Corporation (OXY) . According to data from Stockcircle, Berkshire Hathaway's current total portfolio value stands at $361 billion.This significant investment in energy stocks underscores the belief that the demand for fossil fuels will li ...

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its ...

Chevron Corporation (CVX) announced that it has resumed operations at the Wheatstone LNG facility in Australia. Previously, production at the LNG facility was halted for two weeks for the completion of unplanned repairs at the Wheatstone offshore platform’s fuel gas system. However, the facility has recently resumed full LNG and domestic gas production rates. This also includes the safe restart of operations at the facility’s two LNG trains and the domestic gas plant.The Wheatstone LNG facility has a total ...