The resurgence of jet fuel production to pre-COVID levels in the United States signals a robust recovery in the aviation sector, which has a broader impact on various facets of the economy. This surge is fueled by a booming demand for air travel, with U.S. refiners ramping up production to meet this unprecedented need. Recent data from the U.S. Energy Information Administration (EIA) and industry analyses paint a promising picture for key players in the oil and energy sector.Record-Breaking Jet Fuel Product ...

NASSAU, The Bahamas, June 24, 2024 (GLOBE NEWSWIRE) -- OKX, a leading crypto exchange and Web3 technology company, has issued updates for June 25, 2024. OKX to List Convex Finance's CVX Token on its Perpetual Futures Market OKX today announced that it will list Convex Finance's CVX token on its perpetual futures market at 8:30 AM (UTC) on June 25. This addition will enable eligible customers to long or short CVX with up to 20x leverage. Margin trading and Simple Earn for CVX will be enabled at 8:00 AM (UTC) ...

Chevron Corporation (CVX) , an integrated oil and gas company, in collaboration with Equatorial Guinea's state-owned oil company, GEPetrol, has finalized two significant production sharing contracts (PSCs) for offshore blocks EG-06 and EG-11. These blocks are strategically located near Block B, which hosts the prolific Zafiro field, highlighting their substantial exploration potential in Equatorial Guinea's offshore oil and gas sector.Significance of the DealThe signing of these PSCs marks a pivotal moment ...

These oil dividend stocks built their businesses to withstand the sector's volatility.Oil prices are notoriously volatile. Over the past year, crude oil has topped out around $90 a barrel and been down in the $60s. That volatility can have a big impact on the cash flows produced by oil companies.However, some oil companies are better positioned to weather the oil sector's volatility. Chevron (CVX -0.87%), Enterprise Products Partners (EPD -0.04%), and Enbridge (ENB -0.14%) stand out to a few Fool.com contri ...

Investing in equal parts of these five dividend stocks produces a dividend yield of 3.7%.Generating passive income from quality dividend stocks doesn't look as appealing when the S&P 500 and Nasdaq Composite indexes are hitting new record highs. But the true value of dividend stocks isn't how they perform in the short term relative to the market, but how their consistency can help with financial planning and collecting passive income no matter what the market is doing.United Parcel Service (UPS -0.20%), Che ...

Long-term investing is possibly among the most boring things. After identifying a quality stock, it’s a matter of holding with patience. On the other hand, investing in penny and meme stocks is exciting and attracts investors. There is a high degree of speculation and quick returns are tempting. Of course, it makes sense to allocate a small portion of the portfolio to penny and meme stocks. However, sustained value can only be created by exposure to undervalued blue-chip stocks.The whole idea of value inves ...

Chevron Corporation (CVX) , an integrated oil and gas company, in collaboration with Venezuela's state oil company, Petróleos de Venezuela, S.A. ("PDVSA"), formally requested an extension for the Petropiar joint venture, situated in the Orinoco Belt. This region is renowned as Venezuela's largest oil-producing area, yielding significant crude oil outputs crucial to both companies' strategic interests.Current Production and Partnership DetailsCurrently, CVX and PDVSA operate four joint ventures across Venezu ...

The shale industry is showing signs of maturity. Some acquisition trends appear to be burgeoning, such as acquisition premiums, more debt, and looser hedging requirements. These portend higher values and perhaps more of an emphasis on longer-term drilling inventory as opposed to nearer-term production metrics. Let us take a quick look at them.Acquisition PremiumsFor many years in the oil and gas industry, there were numerous deals in public markets whereby the announced price of a company was at or near its ...

Oil and natural gas production in the U.S. is booming. Growth is particularly strong in the Permian Basin that straddles Texas and New Mexico. In fact, the International Energy Agency (IEA) is forecasting that U.S. oil producers will set output records between now and 2030. U.S crude oil production is forecast to rise by 2.1 million barrels per day (bpd) above 2023 levels by 2030.West Texas Intermediate crude oil, the U.S. standard, is currently trading right around $81 per barrel. At the same time, the pri ...

phototechno Written by Nick Ackerman. For some background on this monthly publication, here is my view on dividend growth stocks: Dividend growth stocks aren't always the most exciting investments out there. They often aren't grabbing the headlines, and they aren't the stocks running up hundreds of percentages in a year. In fact, they are often some of the least exciting stocks. And that is precisely their strongest selling point. With such a vast world of dividend growth stocks available out there, it is ...