Chevron Corporation (CVX) , an integrated oil and gas company, halted operations in Australia's Wheatstone liquefied natural gas (LNG) project. Two-train facility, with a capacity of 8.9 million tons per annum, is currently offline to facilitate repairs to the fuel system on the Wheatstone offshore platform. Additionally, CVX had to turn off production at its Wheatstone domestic gas project, domgas, late on Monday. According to local reports, the facility may remain non-operational until Friday.Let’s delve ...

If growth stocks trigger an adrenalin rush, blue-chip stocks ensure calm. These stocks are a portfolio’s fortress, guarding against extreme volatility and capital erosion. Therefore, if I find undervalued blue-chip stocks, I would not hesitate to consider exposure.There can be temporary industry or company-specific headwinds that depress valuations for blue-chip companies. However, it’s unlikely that high-quality companies will trade at a valuation gap for an extended period. Considering exposure to underva ...

With so many moving parts in the market, investors shouldn’t just focus on explosive growth ideas. Instead, they should turn to the safety of, well, safe stocks to buy.Before you start protesting, I’m not suggesting that you walk away from your star performers. If they’re working for you, ride them higher – be my guest. However, I also believe it makes sense to consider safe stocks to buy for providing a performance baseline.As an example, if you’re managing a baseball team, you don’t want your lineup to be ...

If you are looking for an energy stock in June, you can find good options across a broad spectrum of oil exposures.If you are looking for an energy stock in June, you have plenty of options. But the big question you need to ask yourself is, "How much exposure to commodities do I want?" That will change the stock you pick in a very material way.Here are three options across a broad spectrum, from virtually no exposure in Enterprise Products Partners (EPD -0.25%) to Chevron's (CVX 0.10%) diversified energy po ...

Chevron Corporation (CVX) , the American energy giant, has outlined a plan for decommissioning oil platforms off the Pilbara Coast in Western Australia that has received approval from the state government. Chevron plans to decommission the infrastructure by creating artificial reefs out of the platforms. The American oil giant owns nine platforms around Thevenard Island, offshore Western Australia. The company has not extracted any oil from these platforms since 2014. However, the plan has earned much scrut ...

Energy giant Chevron Corporation’s (CVX) stock has remained stagnant over the past year. The San Ramon, CA-based integrated company has also underperformed the Oil/Energy space, its subindustry and the S&P 500 composite during the same period.Over the past year, Chevron's stock has only increased by 2%, while the broader sector has risen by 13.2%, and the Zacks Oil and Gas International Integrated industry has gained 8.8%. Above all, the S&P 500 has surged nearly 27%.Given this underperformance, investors a ...

Chevron Corporation NYSE: CVX is on many investors' lists of forever stocks. At the very least, it makes a short list of energy stocks that investors consider when they believe oil prices are likely to rise. The 20-year total return (stock price appreciation plus reinvested dividends) on CVX stock is 651.45%. That means a $1,000 investment in Chevron 20 years ago would be worth approximately $7,510.45.  Chevron TodayCVXChevron$155.93 +0.95 (+0.61%) 52-Week Range$139.62▼$171.70Dividend Yield4.18%P/E Ratio14. ...

Chevron Corporation (CVX) has awarded a contract to Shelf Drilling to carry out drilling operations off the coast of West Africa for its Angolan subsidiary, Cabinda Gulf Oil Company. Per the offshore driller, the Shelf Drilling Tenacious jack-up rig has been hired for a 15-month contract, whose total added value came in at $66 million.Shelf Drilling’s recent fleet status report, released in May 2024, mentioned that Cabinda Gulf Oil Company has a 15-month option, per the terms of its current contract. The CV ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Chevron (CVX) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Chevron currently has an average brokerage r ...

At around $74 per barrel, crude prices are more than 13% lower than the 2024 highs reached in April, primarily due to lackluster gasoline demand and sluggish consumption growth in China and Europe, coupled with rising U.S. shale production. Meanwhile, natural gas is trading below $3 on high production and a mild winter that led to bloated inventories.Given the current state of affairs in the energy sector, it seems a wise investment strategy to search for stocks that provide a solid level of defense and oft ...