Chevron(CVX)

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Chevron to Pay $740M to Restore Southeast Louisiana's Coast
ZACKS· 2025-04-07 11:30
Chevron Corporation (CVX) , one of the world’s largest oil and gas companies, has been ordered to pay at least $740 million to restore damages caused to the coastal wetlands of Southeast Louisiana. This landmark ruling was delivered by a jury, with the sum divided into three components, such as $575 million for land loss compensation, $161 million to address contamination and $8 million for abandoned equipment. This case, which dates back to 2013, highlights the mounting accountability energy companies are ...
Chevron Announces 600 Job Cuts at Former San Ramon Headquarters
ZACKS· 2025-04-04 11:15
Chevron Corporation (CVX) , a global leader in integrated oil and gas operations, recently announced plans to lay off approximately 600 employees at its former Northern California headquarters in San Ramon. This decision is part of CVX's ongoing efforts to streamline its organizational structure, improve operational efficiency and enhance long-term competitiveness. The layoffs are set to begin on June 1, as stated in a WARN notice provided to state officials last week.Streamlining Operations & Improving Eff ...
Energy Stocks Defy Turmoil as Trump Tariffs Rattle Markets
ZACKS· 2025-04-03 14:10
Group 1: Economic Impact of Tariffs - The latest tariffs announced by President Trump include a 10% baseline tariff on most U.S. imports, affecting major trade allies like China and the EU, raising concerns about a potential economic downturn [1] - The tariffs are expected to weigh on global economic activity and reduce oil demand, but they may also tighten supply, particularly with additional sanctions on nations buying Venezuelan crude [2] - Geopolitical factors, including U.S. sanctions on Iran and restrictions on Russian oil exports, complicate the global energy landscape, potentially supporting crude oil prices around $70 per barrel [3] Group 2: Energy Sector Performance - The energy sector has shown resilience amid broader market weakness, with major energy stocks like ExxonMobil, Chevron, and Devon Energy posting year-to-date gains of approximately 10% [1][4] - Energy stocks have emerged as a safe haven for investors, attributed to disciplined capital spending and increased shareholder returns, navigating geopolitical uncertainties better than other sectors [4] - Despite concerns about slowing growth due to tariffs, oil companies benefit from tight supply fundamentals, with OPEC cautious about production increases [5] Group 3: Company-Specific Insights - ExxonMobil has distributed $36 billion in shareholder returns in 2024, with a free cash flow of $36.2 billion, maintaining a quarterly cash dividend of 99 cents, yielding 3.3% [9] - Chevron targets a 6% annual production increase through 2026, with a recent dividend hike of 4.9%, resulting in a yield of over 4% [10] - Devon Energy raised its quarterly dividend by 9% for Q1 2025, with a new rate of 24 cents per share, yielding 2.6% [11] Group 4: Investment Considerations - The geopolitical landscape suggests that supply-side constraints will continue to support oil prices, making energy stocks a compelling sector for investors seeking stability [6] - Defensive, dividend-paying energy stocks are recommended as a hedge against broader market volatility, with ExxonMobil, Chevron, and Devon Energy being highlighted as prudent holdings [6]
5 Dividend Bargains Too Good To Ignore
Seeking Alpha· 2025-04-03 11:30
Group 1 - The article highlights the ongoing research and analysis provided by iREIT on Alpha, focusing on various income alternatives such as REITs, mREITs, Preferreds, BDCs, MLPs, and ETFs [1] - It mentions that the second quarter has begun, and there is an expectation for insights based on the performance observed in the first three months of the year [1]
Chevron Hits 52-Week High - Is It a Buy or a Time to Hold?
ZACKS· 2025-04-02 14:10
Chevron Corporation (CVX) has had a good year so far, hitting a 52-week high of $168.96 on March 26. The stock has climbed 16.3% year to date, outperforming rival ExxonMobil’s (XOM) 10.6% gain. This impressive run has been driven by strong production growth, attractive shareholder returns and a competitive valuation. However, headwinds such as legal hurdles surrounding its Hess Corporation (HES) acquisition, asset sale risks and Venezuela challenges raise the question: Has Chevron’s stock run its course, or ...
This Top Warren Buffett Stock Continues to Get Better as It Grows Bigger
The Motley Fool· 2025-04-02 08:27
Growing bigger and better Chevron is building one of the world's best portfolios of oil and gas production assets. It does that through organic investment and strategic acquisition. The company is investing $15 billion into organic capital projects this year. Most of that money will go toward expanding its U.S. portfolio, including developing its assets in the Permian Basin, DJ Basin, and the Gulf of Mexico (known as the Gulf of America in the U.S.). Warren Buffett's company, Berkshire Hathaway (BRK.A 0.10% ...
Chevron (CVX) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2025-04-01 22:50
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. In the latest market close, Chevron (CVX) reached $168.52, with a +0.74% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.38%. Elsewhere, the Dow saw a downswing of 0.03%, while the ...
2 Value Stocks I'm Buying Right Now
The Motley Fool· 2025-04-01 10:30
Investing in this market isn't fun. Geopolitical tensions are escalating to levels not seen in decades, global trade relationships face unprecedented strain, and persistent inflation continues eroding purchasing power. The silver lining? Unlike the past two and a half years, there are some truly compelling bargains in the current market. More than a few high-quality companies are trading at attractive valuations following a rough start to 2025 for U.S. stocks. Here are two blue-chip value stocks I'm steadil ...
Chevron: A Solid Oil Giant With Cyclical Risks
The Motley Fool· 2025-03-31 23:00
Our Purpose: Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. To make the world smarter, happier, and richer. ...
Bet on Big Oil Stocks as a Defensive Hedge Against Market Volatility?
ZACKS· 2025-03-31 22:50
With crude oil prices rising to over $70 a barrel again, the energy sector has been the best-performing subsector of the S&P 500 this year. Led by big oil giants Chevron CVX and Exxon Mobil (XOM) , the energy sector has risen +8% year to date compared to the benchmark S&P 500's broader decline of -6%. Leading to the uptick in crude prices is that seasonal peaks in travel and industrial production are approaching with the warmer spring and summer months ahead. Although increased tariffs will lead to higher c ...