A reliable dividend is what most investors want. These two provide just that while Devon Energy doesn't, by design.Are you looking for a reliable dividend stock in the energy sector? There are some very good ones, including Chevron (CVX -0.40%) and Enbridge (ENB -1.75%). But you have to be careful because some high-yield energy stocks aren't what they at first seem, including Devon Energy (DVN -1.17%). Here's why dividend investors will want to avoid Devon but should consider buying stock in Chevron and Enb ...

The shares of oil and gas stock Chevron Corp (NYSE:CVX) still sport a fractional year-over-year lead, despite pulling back over the last two weeks. In fact, going back to May 13, CVX's only win was a 1% gain on May 17. While the security is pacing for its second consecutive weekly loss, investors may have a potential "buy on the dip" situation on their hands.That's because this recent pullback has Chevron stock trading within one standard deviation of its 260-day moving average, a trendline with historicall ...

The persistent bullishness in oil prices is fostering increased exploration and production endeavors. It is anticipated that upstream companies will broaden their activities in the prolific shale resources, resulting in a surge in the deployment of drilling rigs. With the escalation in drilling operations, production is poised to rise in domestic resources such as the Permian Basin, offering advantages to enterprises involved in exploration and production.Oil Price HighWest Texas Intermediate (WTI) crude is ...

Chevron Corporation's (CVX) ambitious Tengiz oil field project in Kazakhstan has recently encountered a significant setback. The expansion initiative, formally known as the Future Growth Project – Wellhead Pressure Management Project, is aimed at augmenting the total daily production from the Tengiz reservoir. However, unforeseen challenges have arisen, leading to a projected additional cost increase of $1.5 billion. This escalation could potentially elevate the total project cost to approximately $48.5 bil ...

Fly_dragonfly Reader Selections Since May 2017, any dividend-paying stock mentioned in a message, e-mail or comment to the author is fair game for a reader favorite listing in this series of articles. Thus, It is possible that only rogues and discontinued, or dreadful, doubtful, dividend issues may appear. Frequently readers and other contributors have questioned the intent, purpose, validity, and usefulness of my daily stock lists. Most, however, praise the effort to sort promising opportunities out of ...

Offshore oil rig in the North SeagettyEnergy giant Chevron Chevron has decided to call time on its operations in the North Sea, potentially ending more than five decades of oil and gas production in the ageing hydrocarbon basin.Confirming the move on Thursday (May 16, 2024), the company said it would offer up its remaining assets in the North Sea. However, the process may take "multiple months" and "may or may not result in a sale", it added.The assets on offer include Chevron's 19.4% non-operated working i ...

Chevron Corporation (CVX) , the oil and gas supermajor, has recently announced the sale of its U.K. North Sea oil and gas assets. The divestment marks the energy giant’s departure in the region after 55 long years. CVX’s holding in the region includes a 19.4% stake in the Clair oilfield, which has the largest production in the region of 120,000 barrels per day. It will also sell off its minor stakes in the Sullom Voe oil terminal, as well as its stakes in the Ninian and SIRGE pipeline systems.The Claire oil ...

Chevron's (CVX) proposed $53 billion buyout of Hess Corporation (HES) has encountered significant turbulence stemming from legal disputes and shareholder advisory disagreements. The acquisition, which would grant Chevron a substantial stake in the lucrative Stabroek Block offshore Guyana, is mired in uncertainty due to ExxonMobil’s (XOM) claims and mixed advisory opinions.Let’s delve into the complexities surrounding the deal and assess its prospects.Conflicting Stance by Investor AdvisoriesInstitutional Sh ...

Tesla (NASDAQ:TSLA) is officially out of the hot seat… or sort of. News today shows that Chevron (NYSE:CVX), the oil and gas giant, has officially overtaken TSLA as the most-shorted large-cap stock in the U.S. market. Hazeltree, which aggregates data from 700 asset managers, reported that CVX stock now has more short bets than TSLA as of April. That’s a title most companies don’t want to hold, as it indicates a large number of investors are growing increasingly bearish. But with how oil prices are trending, ...

Energy major Chevron Corporation (CVX) emerged as April’s most shorted large-cap stock in the United States, according to Hazeltree’s Shortside Crowdedness Report. This marks a significant shift, as EV maker Tesla had long held the top position among short-sellers.What Does the Report Say About Chevron?The report, which compiles data from approximately 700 asset management funds globally, revealed that the total value of Chevron's stock used for shorting surged by more than $500 million last month. This too ...