In a significant step toward decarbonization and reducing methane slip, Chevron Shipping Company LLC, a subsidiary of Chevron Corporation (CVX) , has associated with a global leader in LNG technology, Wärtsilä Oyj Abp (WRTBY) , to convert one dual-fuel engine to spark-gas operated in six of its LNG carriers. This conversion will greatly reduce greenhouse gas emissions, leading to a low-carbon future and a better environment.Importance of Converting the Engines to Spark Gas OperatedAlthough methane, which es ...

Chevron Corporation (CVX) has taken a decisive step in its energy strategy by choosing not to invest in a U.S. liquefied natural gas (LNG) plant. Instead, the company is shifting its focus toward selling gas directly to the market, taking full advantage of the United States’ expansive midstream market. This strategic choice, which reflects the company's long-term goals in natural gas monetization without the need for LNG conversion infrastructure, is significant for CVX and the LNG sector as a whole. Chevro ...

Core Viewpoint - The article highlights that certain companies in the energy sector, specifically Chevron, Plains All American Pipeline, and Enterprise Products Partners, are well-positioned to withstand fluctuations in oil prices and continue to generate stable income and dividends regardless of market conditions [1]. Chevron - Chevron has a low debt-to-equity ratio of 0.15, the lowest among its peers, allowing it to manage its finances effectively during oil price volatility [2]. - The company has increased its dividend for 37 consecutive years, demonstrating its commitment to returning value to shareholders [3]. - Chevron's strategy includes reducing leverage when oil prices recover, positioning it as a reliable option for income investors with a current yield of 4.5% [3]. Plains All American Pipeline - Plains All American Pipeline operates a vast network of oil pipelines and storage, primarily earning fees from the flow of crude oil and natural gas liquids, making its cash flows less sensitive to falling oil prices [4]. - The company expects to generate over $2.7 billion in adjusted EBITDA this year, with an increase in its guidance range by $75 million due to strong performance [4]. - Plains anticipates producing about $1.6 billion in adjusted free cash flow, with plans to distribute nearly $1.2 billion to investors, yielding over 7% [5]. - The company aims to increase its cash distribution by $0.15 per unit annually after 2024, following a 23% raise earlier this year [5]. Enterprise Products Partners - Enterprise Products Partners has increased its dividend for 26 consecutive years, even during challenging market conditions, showcasing its resilience [6]. - The company generates stable cash flows through long-term contracts and adjusts capital spending based on market conditions to maintain cash flow [7]. - With projects worth nearly $6.7 billion under construction and a strong balance sheet, Enterprise Products Partners offers a yield of 7.2%, positioning it well for future profitability [8].

2024 has been a strong market year, with most high-performing sectors continuing to rise and interest-rate sensitive segments like REITs and utilities rebounding on a lower rate outlook. The worst-performing sector year-to-date is Energy, with The EnergyHarrison is a financial analyst who has been writing on Seeking Alpha since 2018 and has closely followed the market for over a decade. He has professional experience in the private equity, real estate, and economic research industry. Harrison also has an ac ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .I sometimes jokingly say that I have a "win-win" strategy. When my stocks go up, I win - this one is obvious. When my stocks go down, I get to buy great companies at great prices - I win again.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any ...

U.S. energy major Chevron Corporation (CVX) and the Republic of Cyprus have decided to hold discussions over the next four months to get a mutually beneficial deal that will ensure the Aphrodite gas field's development without further delays.In order to go ahead with the project, the Chevron-led consortium has submitted an updated development plan to the Republic of Cyprus, hoping to avoid the termination of the project.Chevron’s Interest in the ProjectThe Aphrodite gas field was discovered by Noble Energy ...

Oil prices have been weak of late, leaving energy stocks on the defensive. There are two that deserve a closer look just the same.Oil prices are well off their post-pandemic highs. All sorts of geopolitical events and supply/demand gyrations have played out over the last four years or so.All through it, Chevron (CVX 0.38%) and TotalEnergies (TTE -0.41%) have stuck to their unique business playbooks. There's no reason to think that will change, and both high-yield oil stocks are just as attractive today as t ...

Chevron Corporation’s (CVX) CEO Mike Wirth openly criticized the Biden administration's recent decisions related to the natural gas sector, particularly the halt on new liquefied natural gas (“LNG”) export licenses. Speaking at the GasTech conference in Houston, Wirth argued that this pause will lead to higher energy costs, disrupt supplies for U.S. allies and inadvertently increase emissions by delaying the shift from coal to natural gas. Risks to Economic Prosperity From LNG Export PolicyWirth contended t ...

Energy major Chevron Corporation (CVX) emerged as August’s most shorted large-cap stock in the United States ahead of Tesla (TSLA) , according to Hazeltree’s Shortside Crowdedness Report.Report: Shorting Chevron Stock Surges $200 millionThe report, which compiles data from approximately 700 asset management funds globally, revealed that the total value of Chevron's stock used for shorting surged by more than $200 million last month.Short selling occurs when a trader sells shares they don't own, hoping that ...

Chevron Corporation’s (CVX) subsidiary, Chevron U.S.A. Inc., through its unit Chevron Shipping Company LLC, has partnered with Mitsui O.S.K. Lines, Ltd., Tokyo-based Japanese transport company, to launch a groundbreaking venture aimed at revolutionizing the shipping industry. This collaboration focuses on installing the Wind Challenger, a hard sail wind-assisted ship propulsion system developed by Mitsui and Oshima Shipbuilding, on a newly constructed LNG carrier.This partnership is part of CVX's broader mi ...