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 ...

jewhyte Chevron Stock Outperformed Amid Recent Worries Chevron Corporation (NYSE:CVX) investors have endured a challenging few weeks as underlying crude oil futures (CL1:COM) (CO1:COM) have continued to suffer from bearish market sentiments. OPEC+'s extension of its voluntary cuts also sent mixed signals to the market, with plans to "start unwinding output cuts as early as October." As a result, it has justified the caution seen among oil investors as WTI crude oil futures topped in early April 2024. Accord ...

Chevron Corporation’s (CVX) subsidiary Chevron Australia successfully restored full production at Gorgon liquefied natural gas (LNG) export terminal in Western Australia after a month-long outage. The disruption was caused by a mechanical fault in a turbine, which had since been resolved allowing the affected production train to resume operations.Throughout the outage, the remaining two production trains and the domestic gas plant continued to operate at full capacity, ensuring ongoing supply and mitigating ...

The summer doldrums are almost upon us. June is absolutely the worst month in which to invest, no matter the market index. While things look up again in July, they turn positively sour once more in August. September isn’t much better.It’s likely where the phrase “sell in May and go away” came from. April and May are two of the best months to invest in the stock market. The investment saying suggests you are better off just waiting until the fall before buying stocks again.While investing aphorisms can be in ...

Consolidation among the oil and energy sector continues as Chevron (CVX)  will be acquiring Hess (HES)  in a deal valued at $53 billion while ConocoPhillips (COP)  is set to acquire Marathon Oil (MRO)  for $22.5 billion when including debt.This comes as crude prices are still up 10% for the year at just under $80 a barrel with big oil companies reaping massive profits.Image Source: Yahoo FinanceConsolidation OverviewAcquiring Hess will further expand and diversify Chevron’s massive energy portfolio by givin ...

Chevron has lagged well behind peer Exxon so far in 2024. There's a reason for that, but don't think it changes the outlook for Chevron much.Chevron (CVX -0.70%) and ExxonMobil (XOM -0.77%) are often compared to one another, and for good reason: They are two of the largest integrated energy companies in the world, and they are both based out of the United States.Right now, Exxon's stock has been outdistancing Chevron's shares. But over the long-term, dividend investors shouldn't lose faith in Chevron's futu ...

Chevron Corporation (CVX) , one of the world's leading integrated energy companies, and Rhino Resources, a prominent South Africa-based company, have submitted environmental documents for their wildcatting operations offshore Namibia. These exploration campaigns are scheduled to commence in the hydrocarbon-rich Orange Basin by late 2024 or early 2025. This region currently has no active drilling rigs, marking the first such pause in nearly two years.Chevron’s Ambitious Plans in Block 2813BLocation and Strat ...

With its low break-even costs and reliable regulatory framework, the Permian Basin presents an appealing opportunity for oil and gas investors seeking sustained growth and profitability over the long haul. The current favorable oil pricing environment further enhances the business outlook in the United States' most prolific basin.Rising Oil PricesWest Texas Intermediate (“WTI”) crude is nearing $80 per barrel, fostering an excellent climate for exploration and production. The U.S. Energy Information Adminis ...

The stock market rally rolls on. After a brief downturn in April, the benchmark S&P 500 index is back at an all-time high in May. Investors on the hunt for deals may find the current market isn’t offering many. With stock prices hitting 52-week and all-time highs each day, it can be difficult for value-oriented investors to sniff out undervalued securities.That said, there are some deals to be had amidst the current euphoria. Some blue-chip names and well-known brands have share prices that are slumping rig ...

When investors think about dividends, their first instinct might be passive income. Of course, owning enough dividend-yielding shares could lead to quarterly payouts which one could theoretically live off of. However, there might be a better way to view dividend stocks. One way is to view dividend as a bonus for owning the stock, allowing you to continuously compound your position in the company. In other words, the best dividend stocks to buy are those worth reinvesting the dividend in, rather than taking ...