Chevron Corporation (NYSE:CVX) is included among the 15 Best High Yield Stocks to Buy. Scotiabank Raises CVX Target to $168 in U.S. Integrated Oil and E&P Update On January 16, Scotiabank raised its price target on Chevron Corporation (NYSE:CVX) to $168 from $165. The firm maintained a Sector Perform rating on the stock. The bank said the change is part of a wider update to its coverage across U.S. integrated oil, refining, and large-cap E&P companies. Scotiabank also expects this quarter’s earnings pict ...

The share price of Phillips 66 (NYSE:PSX) fell by 2.73% between January 9 and January 16, 2026, putting it among the Energy Stocks that Lost the Most This Week. Here is Why Phillips 66 (PSX) Fell This Week Phillips 66 (NYSE:PSX) is a leading integrated downstream energy provider that is engaged in refining, transporting, and marketing fuels. Phillips 66 (NYSE:PSX) surged to a 52-week high earlier this month after investors deemed the company as one of the largest potential beneficiaries from the US acti ...

Company Overview - Valero Energy Corporation (NYSE:VLO) is a significant player in the oil and gas refining and marketing industry, known for its extensive network of refineries and commitment to high-quality fuel production [1] - The company competes with major industry players such as ExxonMobil and Chevron in the refining sector [1] Stock Performance - As of January 16, 2026, Scotiabank set a price target of $178 for Valero, indicating a potential decrease in stock price as the stock was trading at approximately $184.52, reflecting a price difference of about -3.53% from the target [2] - Valero's stock has risen by 14.5% over the past month, significantly outperforming the Zacks S&P 500 composite, which only saw a 1.6% increase [3] - The current stock price of Valero stands at $184.52, with a slight decrease of 0.035% today, and has fluctuated between a low of $182.86 and a high of $186.30 [4] Market Capitalization and Trading Volume - Valero's market capitalization is approximately $57.6 billion, indicating its substantial presence in the industry [5] - The recent trading volume for Valero is 1,066,671 shares, making it a stock of interest for investors [5][6]

Phillips 66 (NYSE:PSX) is included among the 10 High Yield Crude Oil Stocks to Buy After Trump's Blitz in Venezuela. Phillips 66 (PSX) Agrees to Acquire Lindsey Oil Refinery in England Phillips 66 (NYSE:PSX) is a leading integrated downstream energy provider that is engaged in refining, transporting, and marketing fuels. Phillips 66 (NYSE:PSX) announced on January 5 that it had agreed to acquire the assets and infrastructure of Lindsey Oil Refinery in northern England, expanding the company’s footprint ...

Group 1 - Exxon Mobil Corporation (NYSE:XOM) is facing a significant decline in Q4 earnings due to falling crude oil prices, with a potential reduction of up to $1.2 billion in upstream earnings compared to the previous quarter [3] - Brent crude futures have decreased by 19% in 2025, marking the third consecutive year of losses, while WTI crude prices have dipped nearly 20% year-over-year [3] - Wall Street analysts expect Exxon to report adjusted earnings of $1.66 per share in its upcoming Q4 report, down from $1.88 per share in the previous quarter [3] Group 2 - Exxon Mobil was previously forced to exit Venezuela after the nationalization of the oil industry in 2007, resulting in the country owing Exxon approximately $2 billion in arbitration claims [4] - Recently, Exxon was invited by President Trump to invest in Venezuela to help revive its oil industry, although the company remains cautious about the investment climate [5] - CEO Darren Woods described Venezuela as 'uninvestable' without significant changes to its legal and commercial frameworks, which reportedly displeased President Trump [5]

Chevron Corporation (CVX), the sole Western supermajor permitted to pump Venezuelan oil, swung sharply in the markets this week. On Tuesday, Jan. 6, the stock dropped nearly 4.5%, its worst slide since April, just one day after a 5.1% surge tied to the unexpected U.S. capture of Venezuelan President Nicolás Maduro. Chevron currently accounts for roughly 20% of Venezuela’s crude oil production, giving it the clearest strategic position to benefit from any rebuilding of the country’s long-dormant oil indus ...

Core Insights - The article emphasizes the importance of looking beyond U.S. large caps for investment opportunities, particularly in undervalued international stocks [1][3][9] - The Benzinga Value Ranking is introduced as a systematic, numbers-driven tool to identify the cheapest stocks globally based on multiple valuation metrics [2][5] Investment Strategy - Investors are encouraged to focus on the top decile of the Benzinga Value Ranking, specifically targeting non-U.S. stocks to access the cheapest part of the global market [7][9] - The current market environment is characterized by extreme valuation dispersion outside the U.S., with many profitable companies trading at low earnings multiples [4][6] Company Highlights - **POSCO Holdings (NYSE:PKX)**: A leading steel producer in South Korea, trading at discounted multiples despite controlling high-quality assets [11] - **Sasol Ltd. (NYSE:SSL)**: An integrated energy and chemicals company in South Africa, generating substantial cash flow but heavily discounted due to past operational issues [12] - **Korea Electric Power Corp. (NYSE:KEP)**: The backbone of South Korea's power system, facing extreme low valuation multiples due to government pricing controls [13] - **LuxExperience (NYSE:LUXE)**: A niche luxury travel company in the Netherlands, undervalued due to lack of investor attention rather than demand collapse [14] - **Gerdau (NYSE:GGB)**: Brazil's largest long steel producer, trading at low multiples despite consistent cash flow generation [15] - **Honda Motor (NYSE:HMC)**: A global manufacturing leader in Japan, undervalued due to lack of hype around its steady profits and cash flow [16] - **SK Telecom (NYSE:SKM)**: South Korea's largest wireless carrier, undervalued due to low growth expectations despite reliable cash generation [18] - **Jiayin Group (NASDAQ:JFIN)**: A Chinese fintech company facing regulatory uncertainty, leading to extreme valuation discounts [19] - **FinVolution Group (NYSE:FINV)**: Another Chinese fintech platform, similarly undervalued due to regulatory challenges and investor distrust [20] - **KT Corp. (NYSE:KT)**: A leading telecommunications provider in South Korea, generating stable cash flow but facing compressed valuation multiples [21]

Core Insights - Phillips 66 (PSX) has agreed to acquire the assets and infrastructure of the Lindsey Oil Refinery in the U.K., pending regulatory approvals and other closing conditions [1][6] - The refinery was auctioned in June 2025 after its previous owner went bankrupt, with PSX emerging as the winning bidder [1][6] Company Strategy - Phillips 66 will not reopen the Lindsey Oil Refinery as an independent operational facility but will integrate key assets, particularly storage and infrastructure, into its Humber Refinery operations due to the site's unviability in its current form [2] - This integration is expected to enhance the U.K.'s energy security by increasing fuel production and supply from the Humber Refinery while preserving high-quality jobs [3] Financial Implications - The acquisition and integration are anticipated to generate additional cash flow, contributing to business stability for Phillips 66 [3] - Phillips 66 is positioned to expand into cleaner fuels while continuing to supply conventional fuels, aligning with the global energy transition [3] Market Context - Phillips 66's refining operations are sensitive to crude price volatility, with current West Texas Intermediate crude prices below $60 per barrel, benefiting refining operations due to lower raw material costs [4] - Other downstream players in the market include Valero Energy Corporation, PBF Energy Inc., and Par Pacific Holdings, each with varying Zacks Ranks [4][5]

Group 1 - Exxon Mobil Corporation (NYSE:XOM) is raising its earnings growth forecast to $25 billion and cash flow growth to $35 billion for the 2024-2030 period, reflecting a $5 billion increase from its previous plan [2] - The company aims to increase total upstream production to 5.5 million oil-equivalent barrels per day (boepd) by 2030, up from a previous forecast of 5.4 million boepd, expecting earnings from the upstream business to grow by over $14 billion through the end of the decade [3] - Exxon Mobil has increased its cumulative structural cost savings plan by $2 billion, targeting $20 billion in reductions by 2030 compared to 2019, and anticipates generating approximately $145 billion in cumulative surplus cash flow over the next five years at $65 real Brent [4] Group 2 - The company plans to repurchase $20 billion of its shares this year and intends to maintain this pace through 2026, reinforcing its position as the second-largest dividend payer in the S&P 500 [4]

Core Viewpoint - Phillips 66 is actively restructuring its portfolio and enhancing its financial position through strategic asset sales and focusing on growth in its Midstream business [3][4][5]. Group 1: Asset Sale - Phillips 66 has sold a 65% stake in its retail marketing business in Germany and Austria to a consortium led by Stonepeak Partners LP and Energy Equation Partners, retaining a 35% non-operating interest through a new joint venture [3]. - The transaction values the retail business at an enterprise value of approximately $2.8 billion, with Phillips 66 receiving about $1.6 billion in pre-tax proceeds [4]. Group 2: Financial Outlook - The sale is part of a strategy to strengthen the company's balance sheet and streamline its operations [4]. - Piper Sandler raised the price target for Phillips 66 from $170 to $171, maintaining a 'Neutral' rating, following an investor trip that showcased the growth potential of its Midstream business [5]. - The Midstream segment is expected to contribute around 40% to the company's EBITDA for 2025, with projected EBITDA growth of $500 million over the next two years [5]. Group 3: Investment Position - Phillips 66 has been recognized as one of the best stocks for long-term investment, although some analysts suggest that certain AI stocks may offer greater upside potential [6].