Chevron(CVX)
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Permian Powerhouses: 3 Oil Stocks to Watch Closely in 2025
ZACKS· 2024-12-19 14:31
The Permian Basin is more than just an oil-rich region; it’s the heartbeat of America’s Energy sector. Producing around 47% of U.S. crude oil and 8% of global supply, this prolific basin shattered records with 6.3 million barrels per day (bpd) in the third quarter. Its steady production growth and operational efficiencies make it a vital component of the global energy market. For investors, it represents a fountain of opportunity in 2025 and beyond.Major players like ExxonMobil (XOM) , Diamondback Energy (F ...
Chevron: The Superior Supermajor
Seeking Alpha· 2024-12-19 06:56
In the last ten years, Chevron Corp (NYSE: CVX ) has been the best performing Supermajor in terms of price change. Granted, the performance of the sector has not been particularly amazing as volatile energy prices and volatile energy policy and some flipAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CVX over ...
How Much Will Chevron Pay Out in Dividends in 2025?
The Motley Fool· 2024-12-18 20:25
Oil giant Chevron (CVX -1.35%) is a favorite among yield-seeking investors. Its 4.2% dividend yield, 37-year history of raising its dividend annually, and cash-gushing business give investors confidence it can reward them with significant passive income in the coming years. Here's what to expect in dividends in 2025.Chevron could hike its dividendThe oil major's current quarterly dividend is $1.63 per share, making an annual dividend of $6.52. Moreover, there's good reason to believe Chevron will raise its ...
Chevron: Cash, Baby, Cash Is Good News For Shareholders
Seeking Alpha· 2024-12-18 15:30
Vladimir Dimitrov, CFA is a former strategy consultant within the field of brand and intangible assets valuation. During his career in the City of London he has been working with some of the largest global brands within the technology, telecom and banking sectors.Analyst’s Disclosure: I/we have a beneficial long position in the shares of CVX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (ot ...
Chevron Secures Long-Term Gas Supply Deal With Alcoa in Australia
ZACKS· 2024-12-18 13:36
Chevron Corporation’s (CVX) subsidiary, Chevron Australia, has successfully signed a monumental long-term sale and purchase agreement with Alcoa, one of Australia’s largest aluminium producers. This agreement guarantees the supply of natural gas to Alcoa’s operations for the next decade, starting from Jan. 1, 2028. Over the course of the 10-year contract, Chevron will deliver a total of 130 petajoules (“PJ”) of natural gas, sourced from its extensive gas operations in Western Australia (“WA”). Chevron’s Str ...
Chevron (CVX) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2024-12-17 23:51
Chevron (CVX) closed at $148.11 in the latest trading session, marking a -0.84% move from the prior day. This change lagged the S&P 500's daily loss of 0.39%. Meanwhile, the Dow experienced a drop of 0.61%, and the technology-dominated Nasdaq saw a decrease of 0.32%.Prior to today's trading, shares of the oil company had lost 7.09% over the past month. This has lagged the Oils-Energy sector's loss of 5.09% and the S&P 500's gain of 3.6% in that time.Market participants will be closely following the financia ...
Chevron's Spending Shift: Should You Buy the Stock for 2025?
ZACKS· 2024-12-17 15:05
Chevron Corporation (CVX) is making strategic moves to balance its growth aspirations and shareholder returns. Recently, the company announced a $2 billion reduction in its 2025 capital spending, including a notable decrease in investments in the Permian Basin, its most productive asset. Chevron plans to allocate $4.5 billion to $5 billion to the Permian, down from the 2024 levels, shifting its focus from aggressive production growth to maximizing free cash flow. This strategic pivot is reflective of the in ...
2 No-Brainer High-Yield Energy Giants to Buy Right Now for Less Than $500
The Motley Fool· 2024-12-14 23:18
If there is one thing that investors can expect when putting money to work in the energy sector, it is volatility. Oil and natural gas, as commodities, have a long history of swift, often dramatic price moves.This is why investors looking at the sector should probably consider sticking to the biggest and best companies, which generally means integrated energy giants like Chevron (CVX -0.54%) and TotalEnergies (TTE -0.05%). Here's why these two stocks stand out today for investors in search of high yields.Ch ...
Chevron Expands Pasadena Refinery Capacity, Boosting Gulf Coast Supply
ZACKS· 2024-12-11 13:36
Chevron Corporation (CVX) , through its subsidiary Chevron U.S.A., Inc., has successfully completed a significant retrofit of its Pasadena refinery located in Texas. This project is poised to elevate the refinery’s processing capacity and product flexibility, particularly in handling lighter crude oils. With an increased capacity of nearly 15%, the refinery can now process up to 125,000 barrels per day, marking a key milestone in Chevron’s ongoing efforts to enhance its refining operations on the U.S. Gulf ...
Chevron's Balancing Act in Venezuela: Oil Export vs. Policy
ZACKS· 2024-12-11 11:46
Chevron Corporation (CVX) recently announced that it has not held any discussions with President-elect Donald Trump’s team regarding the company's operations in Venezuela.CVX’s Unique Position in Venezuela’s Oil FieldsSince 2019, Chevron, holding a significant role in Venezuela as the only U.S.-based oil producer, has been trying to align its activities with the U.S. policies, which were imposed to restrict Venezuela's oil revenues and force the ouster of president Nicolás Maduro, prompted by electoral frau ...