Core Insights - Chevron Corporation has completed a significant retrofit of its Pasadena refinery, increasing processing capacity by nearly 15% to 125,000 barrels per day, enhancing its refining operations on the U.S. Gulf Coast [1][13] - The retrofit aims to improve the refinery's ability to process lighter crude oils, particularly from the Permian Basin, aligning with Chevron's strategic focus on optimizing its upstream and downstream businesses [2][3] Refinery Capacity and Product Flexibility - The Pasadena refinery's retrofit is designed to increase capacity and flexibility, enabling the processing of a wider range of crude oils, which is critical for meeting the growing demand for petroleum products in the U.S. Gulf Coast region [2][13] - The Light Tight Oil (LTO) Project is a key component of the retrofit, aimed at improving reliability and safety while increasing the production of higher-quality refined products [4][5] Economic and Community Impact - The investment in the Pasadena refinery is expected to boost operational performance and contribute positively to the local economy by creating more jobs and fostering economic growth in the Pasadena area [7] - Chevron's commitment to long-term sustainability is highlighted by the phased start-up of the refinery, which is expected to continue through the first quarter of 2025, ensuring a reliable source of fuel for both domestic and international markets [9][10] Safety and Environmental Standards - The retrofit project emphasizes safety and environmental performance, incorporating advanced technologies and safety systems to minimize operational risks and enhance sustainability [11][12] - Chevron's approach reflects a commitment to balancing energy demand with environmental responsibility, guiding its refining and production initiatives globally [12]

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 ...

Chevron Corporation (CVX) has expressed concern over the ABX2-1 bill, recently enacted by the state to enforce the oil refineries to maintain a minimum fuel stock. Although the regulators of California endorsed the legislation to stabilize the fuel supply and control the oil prices, the same has been considered flawed by the oil major. An Insight Into the New Mandate California has always been concerned about high gas prices, leading to its constrained relationship with oil companies. Geographically, the st ...

This has been another great year for the broader stock market indexes. And while it's true that megacap growth stocks have been leading these indexes to new heights, many value stocks are also delivering sizable gains. Investment management firm Vanguard has a low-cost exchange-traded fund (ETF) that targets megacap value stocks. It holds Warren Buffett-led Berkshire Hathaway (BRK.A 0.07%) (BRK.B -0.01%), as well as top Buffett stocks Coca-Cola, Bank of America, and Chevron. Here's why the Vanguard Mega Cap ...

The price of Brent crude, a key global oil benchmark, has fallen by around 20% in the past seven months or so. That's a pretty big move but, historically speaking, such slides aren't all that unusual in the energy sector. That's why long-term income-focused investors would be well advised to buy shares of energy companies that are built to keep distributing large dividends even during periods of big commodity price swings.Right now, the best stock pick from that elite group is probably Chevron (CVX 1.35%). ...

Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (CVX) , and California Bioenergy LLC (CalBio) recently announced the completion of their central processing facility in Merced County, CA for the dairy biomethane project. The project will mark a significant milestone for the joint investment called CalBioGas Hilmar LLC by converting dairy manure into renewable natural gas (RNG). How Will CVX and CalBio Process the RNG Production? RNG production begins by capturing methane from dairy farms using CalBi ...

These two dividend-paying companies may appeal to value investors looking for energy stocks to buy now.For decades, investors have turned to Warren-Buffett-led Berkshire Hathaway for ideas, his sentiment on the market, and top stocks to buy.Berkshire has been a net seller of stocks in 2024 -- amassing a record-high $325 billion cash position. But Berkshire's fifth- and sixth-largest holdings remain the same.Berkshire owns $19.07 billion of Chevron (CVX -1.23%) stock, giving it 6.6% ownership. It also owns $ ...

Over the past year, the price of Brent Crude, a key global oil benchmark, has been as low as $70.31 and as high as $93.12. Over the past three years, the swing from peak to trough was even greater, with the low at $69.53 and the high at a whopping $133.18. Talk about a roller-coaster ride! This is why the smartest oil stock for most investors right now will be reliable industry giant Chevron (CVX 0.45%).Some key reasons to like ChevronBefore getting into Chevron's business, it is worth looking at one of the ...

Shares of Chevron (NYSE: CVX ) have now fully recovered from the Q2'24 earnings-related sell-off, which caused a steep decline in the energy producer's valuation. Chevron is growing its production, especially in the U.S., following the acquisition of PDC Energy last year. While Chevron suffered Analyst's Disclosure: I/we have a beneficial long position in the shares of XOM, CVX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am ...

Core Viewpoint - The stock market, particularly the energy sector, has seen significant gains this year, with the average energy stock in the S&P 500 up over 10% [1]. Despite this rally, certain energy stocks like Chevron, MPLX, and Occidental Petroleum are highlighted as compelling investment opportunities. Chevron - Chevron is a leading integrated energy major with a market cap of $275 billion, diversified across upstream, midstream, and downstream operations [2]. - The company has a low debt-to-equity ratio of approximately 0.17, indicating strong financial health, and has a history of annual dividend increases for over 30 years [2]. - Chevron's stock has lagged behind the energy rally, primarily due to its ongoing acquisition attempt of Hess, which is complicated by Exxon's partnership with Hess [3]. - Despite potential setbacks from the Hess deal, Chevron is viewed as a long-term investment opportunity, offering a 4.2% dividend yield while navigating these challenges [4]. MPLX - MPLX units have appreciated about 25% this year, yet the master limited partnership still presents an attractive investment option [6]. - The partnership offers a high yield exceeding 8%, supported by a low valuation of around 10 times earnings and consistent distribution growth, including a recent 12.5% increase [7]. - MPLX has a conservative payout ratio and generated sufficient cash to cover distributions, capital spending, and acquisitions, with a low leverage ratio of 3.4 times [8]. - The company is expanding its midstream operations, enhancing capacity and cash flow, making it a strong buy for investors comfortable with MLPs [9]. Occidental Petroleum - Occidental Petroleum's shares have underperformed, trading 15% lower in 2024, raising concerns about its debt levels amid falling oil prices [10]. - The company reported strong Q3 profits, attributed to increased production from its recent $12 billion acquisition of CrownRock, which is expected to enhance cash flows [11]. - Occidental is committed to divesting $4.5 billion in assets and repaying debt within a year of the acquisition, having already repaid $4 billion in Q3 [12]. - The acquisition has allowed Occidental to raise its production guidance for the Permian Basin, positioning the company for continued cash flow generation and debt reduction [13].