Buffett has been selling Chevron, but you might want to buy it. And you might want to hold off on buying Occidental even though Buffett bought it.If there's one person in finance that almost everybody knows about it's probably Warren Buffett, the CEO of Berkshire Hathaway. His long-term investment success is nothing short of incredible. Recently he's been selling Chevron (CVX 0.53%) and buying Occidental Petroleum (OXY 0.35%), but you should probably stick with Chevron. And maybe avoid Occidental Petroleum. ...

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, 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 ...

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 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 (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 ...

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, 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 ...

Shares of major oil companies experienced notable increases. Chevron (CVX) and ExxonMobil (XOM, Financial) both saw their stock prices rise by 1.2%. Occidental Petroleum (OXY) reported a 1% gain, while ConocoPhillips (COP) saw an increase of 1.1%. Additionally, APA Corporation (APA) rose by 1.3%, and both Halliburton (HAL) and Schlumberger (SLB) experienced gains of 1.2% and 1.3%, respectively. ...

In volatile markets, investors are often reminded of the relative security in dividend stocks. These are considered safe havens that can help you generate strong long-term returns. That's as true today as it’s ever been. However, as with any class of stocks, valuation still matters. When you find quality dividend stocks that look significantly undervalued, it’s time to take notice. That’s because when you can pair a high-yield dividend with strong capital appreciation, you add to your total return.  That’s ...