Energy stocks are heating up, and the sector is poised for a sizzling end to the first quarter. As a leading sector exchange-traded fund (ETF), the Fidelity MSCI Energy Index ETF (NYSEARCA:FENY) has already jumped 8.0% year-to-date (YTD), outpacing the S&P 500’s 7.2% gain—tight supplies, geopolitical risks and rising global energy demand fuel the sector’s outperformance. Oil prices are expected to remain elevated in the months ahead, setting the stage for strong profitability and stock gains. Meanwhile, ene ...

Chevron Corporation (CVX) is reportedly facing significant cost increases and schedule setbacks in its ambitious project to boost oil production at the Tengiz field in Kazakhstan. According to sources, the total project expenditure is now projected to reach $48.5 billion, marking a steep rise from the initial budget of $37 billion.The Budgetary Expansion: Insights and ImplicationsDuring its third-quarter earnings report in October, Chevron disclosed an upward revision in the budget allocated for the Tengiz ...

spawns Written by Nick Ackerman. For some background on this monthly publication, here is my view on dividend growth stocks: Dividend growth stocks aren't always the most exciting investments out there. They often aren't grabbing the headlines, and they aren't the stocks running up hundreds of percentages in a year. In fact, they are often some of the least exciting stocks. And that is precisely their strongest selling point. With such a vast world of dividend growth stocks available out there, it is ...

I'm on a journey toward financial independence. A key aspect of my strategy is to grow my passive income streams. I'm working toward generating enough income to offset my recurring expenses.I still have a long way to go, but I'm making steady progress. I'm doing that by investing in high-quality dividend stocks, focusing on those with higher-yielding payouts that steadily rise. I recently bought a few more shares of Chevron (CVX -0.10%), Realty Income (O 1.03%), and Verizon (VZ -0.70%). Here's why I believe ...

The U.S. produced 12.9 million barrels of oil per day (BPD) last year. That was the most crude oil produced by any country in history (and well ahead of rivals Russia, with 10.1 million BPD, and Saudi Arabia's 9.7 million BPD). It shattered the country's previous record of 12.3 million BPD in 2019. The country's output also reached a record high of 13.3 million BPD in December. No other country has come close to reaching that level. Saudi Arabia recently scrapped plans to boost its output to 13 million BPD ...

If there is one trait that investors have to really think about when it comes to the energy sector, it has to be volatility. That's because oil and natural gas prices, the foundational products in the energy patch, are commodities prone to swift and dramatic price swings. Most investors looking at the energy sector will want to stick with integrated energy giants like Chevron (CVX -0.10%) and TotalEnergies (TTE 0.04%). Here's why these two stocks, with prices comfortably below $200 a share, are worth adding ...

It's been an unusual year for the oil exploration and production (E&P) sector. Significant players like Chevron (CVX 1.18%), Occidental Petroleum, ExxonMobil, and Devon Energy have notably underperformed the S&P 500 index.Given the economy and the current state of the industry, it's fair that they continue to be out of favor with investors. And yet, many analysts remain positive about the sector. A Piper Sandler analyst recently maintained an overweight rating on Chevron's stock, even while cutting the pric ...

Since the beginning of the COVID-19 pandemic, there have been wild fluctuations in oil prices in the market. This demonstrates that significant volatility is a fundamental aspect of the energy sector. Due to specific critical factors, dividend-yielding stocks within this sector exhibit comparatively lower volatility, positioning Exxon Mobil Corporation (XOM) , Chevron Corporation (CVX) and Phillips 66 (PSX) for potential growth.Extremely Volatile Energy MarketWe should never forget how oil prices behaved si ...

FN Media Group Presents Oilprice.com Market Commentary LONDON, March 14, 2024 /PRNewswire/ -- As Europe realizes the full risk of relying on foreign oil and gas, it could soon find relief coming from an unexpected source. That's because, after years of leaning on cheap Russian gas, geopolitical shifts have changed the equation. Both the war in Ukraine and simple economics have forced the EU to pivot from strict green energy policies.  Companies mentioned in this release include: Chevron Corporation (NYSE: C ...

The strategy of picking the Dogs (or highest-yielders) of the Dow Jones Industrial Average in any given year is certainly not a formula for achieving market-beating results. This is known as the Dogs of the Dow strategy.Indeed, Mr. Market has marked down many a handful of the Dow plays for some pretty legitimate reasons. There may be profound industry headwinds overlooked by dip-buyers. Or perhaps the Dow dog is experiencing a loss of its durable competitive advantage or economic moat. Either way, value inv ...