Chevron Corporation (CVX) is a leading integrated energy player. This Zacks Rank #3 (Hold) company’s earnings beat estimates in three of the last four quarters and missed the same in one. The Zacks Consensus Estimate for CVX’s 2024 and 2025 earnings per share (EPS) is pegged at $13.13 and $15.58, respectively.What's Favoring Chevron?The oil industry is extremely competitive and volatile. Small changes in demand or actions taken by petroleum-rich countries such as Saudi Arabia and Russia, whose interests may ...

Currently, crude oil is trading for over $85 a barrel. That’s a 7% gain since March 1 and a 22% gain in 2024. Those gains are mirrored in the Energy Select Sector SPDR ETF (NYSEARCA:XLE), which has been up 16% since mid-February. And many industry analysts forecast it won’t be long before we see $100 a barrel for oil. That’s why it’s time to look at the best oil and gas stocks to buy in April.  For investors in this sector, the rally in oil prices is a better late than never moment. Many investors have been ...

The world is undergoing a significant shift toward cleaner energy sources, driven by the need to address climate change and reduce greenhouse gas emissions. Energy companies are at the crossroads, balancing the transition to renewable energies while still harnessing traditional hydrocarbons to fulfill the growing global energy demand.For oil and gas companies, transitioning to clean energy is crucial beyond mere regulatory compliance or corporate social responsibility. It is a necessity to maintain resilien ...

A joint venture (JV) between Chevron Corporation (CVX) , a U.S. oil giant, and Venezuela's state oil company PDVSA has initiated its new drilling campaign.  This is part of CVX’s plan to significantly increase oil output in Venezuela's oil industry. This move comes amid a complex geopolitical landscape, with U.S. sanctions on Venezuela and upcoming elections in both countries adding layers of uncertainty. Let’s delve into the details of this ambitious venture, highlighting its implications and prospects.Pet ...

Certain stocks look ready for a comeback. Trading at or near a 52-week low and with several catalysts forming around them, the worst looks to be over for certain stocks that trade in the benchmark S&P 500 index. While their internal operations and earnings might be improving, these stocks are also likely to rise if the economy remains resilient and the U.S. Federal Reserve follows through on its promise to begin lowering interest rates later this year.Investors would be smart to identify stocks now that are ...

The ongoing bullish trend in oil prices is encouraging exploration and production activities. Upstream players are expected to expand their operations in prolific shale resources, leading to a rise in the number of drilling rigs. As drilling activities increase, production is likely to grow, providing benefits to businesses engaged in exploration and production.Oil Price HighWest Texas Intermediate crude price is hovering around $85 per barrel, which is highly favorable for exploration and production activi ...

I'm self-employed, so I'm on my own when it comes to saving for retirement. I don't have a pension plan or a 401(k) match to help me retire more comfortably. So I take a reasonably cautious approach with my retirement account. I strive to make investments that I firmly believe will grow my retirement nest egg over the long term.That's why I focus on dividend stocks. They are proven wealth creators. Over the past 50 years, the average dividend stock in the S&P 500 has delivered a 9.1% average annual total re ...

Wall Street is ready for the start of the second quarter, and this is the time for investors to take a good look at their portfolios. The first quarter was an excellent time to invest in stocks, with the Nasdaq and S&P 500 hitting new highs. The economy is improving, and the Fed has promised a rate cut later this year. All of these signs mean there is a high chance for the stock market to rally, and your investment portfolio could make you significant gains. Several stocks are nearing the 52-week high, whil ...

Chevron Corporation (CVX) has piloted the first hybrid electric bunker tanker in Singapore, called the Marine Dynamo. This is a test to see if the technology can be used more extensively. This revolutionary step represents a significant advancement in the maritime industry, demonstrating Chevron's commitment to reducing emissions and adopting modern technology.Revolutionizing Maritime OperationsThe Marine Dynamo, operated by V-Bunkers, made its debut at Singaporean facilities during the previous summer, sig ...

The Magnificent Seven includes some of the most innovative tech-orientated companies on the market. But what if there was a Magnificent Seven for dividend stocks?Microsoft (MSFT -0.15%), Coca-Cola (KO 0.03%), Procter & Gamble (PG -0.12%), Chevron (CVX -0.13%), Home Depot (HD -1.25%), JPMorgan Chase (JPM -1.23%), and United Parcel Service (UPS 0.61%) represent their industries well and are all top dividend stocks you can count on for decades to come. Here's why they would make my list for the Magnificent Sev ...