Chevron(CVX)

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Wall Street Bulls Look Optimistic About Chevron (CVX): Should You Buy?
ZACKS· 2024-10-15 14:31
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Chevron (CVX) .Chevron currently has an average brokerage recommendation ( ...
1 Magnificent High-Yield Energy Stock Down 20% to Buy and Hold Forever
The Motley Fool· 2024-10-15 09:50
Don't overlook the value of getting paid well through the highly volatile energy cycle. Especially when the stock has an above-average yield.Stocks in the energy sector tend to be volatile, largely because oil prices often swing dramatically and quickly. That's just par for the course if you want to invest in oil and natural gas stocks. That said, there's a way to position yourself to survive the frequent ups and downs in relative stride.One way is to invest in an energy stock that has a generous yield, a s ...
1 Warren Buffett Stock to Buy Hand Over Fist and 1 to Avoid
The Motley Fool· 2024-10-13 13:15
Core Viewpoint - Warren Buffett's recent investment decisions involve selling Chevron and buying Occidental Petroleum, but for average investors, it may be wiser to stick with Chevron due to its strong financial position and reliable dividend growth [1][7]. Energy Sector Overview - The energy sector is characterized by volatility, with oil and natural gas prices subject to rapid fluctuations influenced by supply, demand, economic conditions, and geopolitical events [2]. - Integrated energy companies, like Chevron and Occidental, are better equipped to manage these price swings due to their diverse operations across upstream, midstream, and downstream segments [3]. Company Comparisons - Chevron is a major player in the industry with a market capitalization of approximately $270 billion, while Occidental Petroleum is significantly smaller at around $50 billion [4]. - Occidental's aggressive growth strategy, including its acquisition of Anadarko Petroleum, has led to increased debt and a history of dividend cuts, contrasting with Chevron's consistent dividend growth over 37 years [5][6]. Financial Strength and Dividend Yield - Chevron boasts a strong financial position with one of the lowest debt-to-equity ratios in the integrated energy sector and offers an attractive dividend yield of 4.4%, compared to Occidental's 1.6% and the average energy stock's 3.3% [5][6]. - Despite recent management efforts to operate more conservatively post-Anadarko acquisition, Occidental's financial leverage remains a concern for average investors [6]. Investment Considerations - Buffett's investment strategy may not align with the risk tolerance of average investors, who may prefer the stability and reliability of Chevron as a long-term investment [7].
4 Permian-Focused Energy Stocks to Put in Your Watchlist
ZACKS· 2024-10-11 15:00
The Permian Basin remains a key driver of opportunity in the Oil/Energy sector. Its steady production growth, combined with operational efficiencies and strategic importance, presents a strong investment case. Companies with a focus on the Permian, such as EOG Resources (EOG) , Diamondback Energy (FANG) , ExxonMobil (XOM) , and Chevron (CVX) , are well-positioned to deliver substantial value in the years ahead, making them worthy of close investor attention. Permian Basin: A Key Growth Driver for Energy Inv ...
Chevron (CVX) in Talks to Sell Texas Gas Assets to Tokyo Gas
GuruFocus· 2024-10-09 05:30
Chevron (CVX, Financial) is negotiating with Tokyo Gas for the sale of its natural gas assets in eastern Texas, potentially valuing the deal at up to $1 billion, according to insiders. This transaction focuses on Chevron's holdings within the Haynesville Shale field. Tokyo Gas aims to boost its access to U.S. fuel reserves, essential for Japan's energy supply given its reliance on imported fossil fuels.In December, Tokyo Gas expanded its presence in the Haynesville Basin by acquiring Rockcliff Energy for $2 ...
3 Energy Stocks With Juicy Dividend Yield to Watch: CVX, PSX, XOM
ZACKS· 2024-10-08 19:46
Since the onset of the COVID-19 pandemic, oil prices have experienced dramatic fluctuations, underscoring the inherent volatility of the energy sector. However, certain key factors contribute to the relatively lower volatility of dividend-yielding stocks within this space. This dynamic positions companies such as Chevron Corporation (CVX) , Phillips 66 (PSX) and Exxon Mobil Corporation (XOM) for potential growth, prompting investors to monitor these stocks as they seek stability amid market uncertainty.Turb ...
Canadian Natural Resources Expands Alberta Footprint with Chevron Asset Buy, Boosts Dividend 7%
GuruFocus· 2024-10-07 18:11
Canadian Natural Resources Limited (CNQ, Financial) has announced its agreement to acquire Chevron Canada's 20% stake in the Athabasca Oil Sands Project situated in Alberta, raising its ownership to 90%. This acquisition based on Oil sand mines and a carbon capture facility, will add 62,500 barrels per day of Synthetic Crude Oil to CNQ's production. The Athabasca Oil Sands Project includes 20% of the Muskeg River and Jackpine mines, as well as the Scotford upgrader and the Quest carbon capture and storage p ...
Chevron Sells Canadian Shale Assets to Canadian Natural Resources for $6.5 Billion
GuruFocus· 2024-10-07 17:14
Chevron (CVX, Financial) is selling its stakes in two Canadian shale assets to Canadian Natural Resources (CNQ, Financial) for $6.5 billion in cash. The deal includes a 20% interest in the Athabasca Oil Sands project and a 70% interest in the Duvernay Shale, which together produced 84,000 barrels of oil equivalent per day in 2023.Key points:CNQ's stock is rising due to the acquisition and strong crude prices. The company also increased its quarterly dividend by 7%, expecting the new assets to boost producti ...
Canadian Natural Resources acquires Chevron's Alberta assets for $6.5B
Proactiveinvestors NA· 2024-10-07 15:27
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Chevron (CVX) Sells Canadian Oil Sands and Shale Assets for $6.5 Billion
GuruFocus· 2024-10-07 14:31
Chevron (CVX, Financial) has agreed to sell its stakes in Canadian oil sands and shale assets to Canadian Natural Resources (CNQ) for $6.5 billion. This transaction includes a 20% interest in the Athabasca oil sands project and a 70% share in the Duvernay shale project in Alberta.The all-cash deal, effective from September 1, is expected to close in the fourth quarter, subject to regulatory approvals. Chevron is refocusing its growth strategy on other regions, particularly the Permian Basin in the United St ...