Key PointsThe energy sector quietly nears 52-week highs amid all-time highs in the U.S. market, indicating a pivotal moment.XLE demonstrates resilience with a 9.5% year-to-date increase, approaching a potential breakout near $93, attracting significant interest.Key sector players and the ETF's top three holdings, XOM, CVX, and SLB, show positive momentum.5 stocks we like better than SchlumbergerAs the U.S. market hovers near all-time highs, one sector has quietly surged higher and now stands at a critical j ...

A Mizuho Financial analyst recently reiterated a "buy" rating on Chevron (CVX -1.37%) and increased the price target from $195 to $200.The move follows from a Piper Sandler analyst recently reiterating an "overweight" rating on the stock with a $180 price target. The stock currently trades at just under $155, so both price targets suggest substantial upside potential. For example, the Mizuho target implies a 29% upside over the next 12 months or so. When you add in the 4.2% dividend yield, the potential ret ...

The energy market has witnessed significant mega-merger deals as oil prices continue to stay in bullish territory. Oil and gas companies are swiftly pursuing additional drilling resources in key basins and shale plays, aiming to boost profits through increased production of these commodities.High Oil Price & Merger FrenzyThe West Texas Intermediate crude has surpassed the $80 per barrel mark, which is highly conducive for exploration and production endeavors. Per the short-term energy outlook from the U.S. ...

For a guy who loves to invest, Warren Buffett isn't doing much of it these days. In the fourth quarter of 2023, Buffett bought only three stocks for Berkshire Hathaway's portfolio. Chevron (CVX 0.78%) was one of them.Buffett increased Berkshire's stake in the oil and gas giant by 14.4% in Q4. Chevron ranks as the fifth-largest holding in the conglomerate's portfolio. The simple fact: Buffett is loading up on this high-yield dividend stock. Here are four reasons why I am too.1. The price is rightBy most metr ...

Dividend stocks at the present juncture might seem an overly conservative approach. After all, the market still appears enamored with artificial intelligence, cryptocurrencies and other risk-on investment categories. Nevertheless, diversification into passive-income plays could be prudent.Earlier this month, Bank of America reported that investors pulled $4.4 billion from tech stocks in the week ending March 6. That’s the biggest-ever outflow. Also, investors began pouring money into investment-grade bonds, ...

Chevron Corporation’s (CVX) subsidiary, Chevron New Energies, and JX Nippon Oil & Gas Exploration Corporation have inked a Memorandum of Understanding (MOU). This MOU sets the stage for a comprehensive evaluation of exporting carbon dioxide (CO2) from Japan to Carbon Capture and Storage (CCS) projects, particularly those located in Australia and various other countries within the Asia Pacific region.The Objective: Evaluating the CCS Value ChainAt the core of this agreement lies the intention to meticulously ...

ExxonMobil (XOM 0.93%), its partners Hess (HES -0.44%), and China's CNOOC have found a treasure trove of oil in the Stabroek block offshore Guyana. The Exxon-operated venture recently unveiled its latest discovery: Bluefin. It's the first one this year and the 30th since the initial discovery in 2015. Rival oil giant Chevron (CVX -0.09%) wants a piece of that action. That led it to seal a deal to buy Hess for about $60 billion. However, Exxon doesn't plan to let its rival into this lucrative field without a ...

Pictured left to right, Jeff Gustavson, President, Chevron New Energies; Chris Powers, Vice President, CCUS, Chevron New Energies; Tetsuo Yamada, Executive Vice President, Chief Strategy Officer, Assistant to President, JX Nippon Oil & Gas Exploration Corp; and Toshiya Nakahara, Chief Executive Officer, Chief Digital Officer, President, JX Nippon Oil & Gas Exploration Corp., signed a Memorandum Of Understanding (MOU) that provides a framework to evaluate the export of Carbon Dioxide (CO₂) from Japan to Carb ...

Chevron (CVX) ended the recent trading session at $155.41, demonstrating a -0.09% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.63%. Elsewhere, the Dow saw an upswing of 0.2%, while the tech-heavy Nasdaq appreciated by 0.82%.The oil company's stock has climbed by 0.59% in the past month, falling short of the Oils-Energy sector's gain of 4.4% and the S&P 500's gain of 1.76%.The upcoming earnings release of Chevron will be of great interest to investors. On that ...

When asked directly, Woods told the CERAWeek by S&P Global energy conference that acquiring Hess is not one of Exxon's objectives in the dispute with Chevron. Exxon would not have waited for Chevron to announce its deal if the company were interested in purchasing Hess, the CEO said during the interview.HOUSTON — Exxon is not trying to acquire Hess as the oil major battles with Chevron over lucrative oil assets in the Guyana, CEO Darren Woods said Monday.Chevron's pending $53 billion acquisition of Hess is ...