CVX partners with HAL to launch an autonomous fracturing system that boosts efficiency, control and shale recovery in Colorado.
CVX has raised alarms over rising safety near-misses just weeks before a deadly fire in Angola. The tragedy has now prompted urgent internal reviews.
In the closing of the recent trading day, Chevron (CVX) stood at $143.35, denoting a +1.84% change from the preceding trading day.
Chevron (CVX) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
For investors, summer is a time of lower volume and slower growth. Like the holiday season, this is a time when institutional investors step away from their trading desks and plan their next moves.
CVX plans to cut 200 Texas jobs by July as part of a global overhaul aiming to trim up to 9,000 roles by 2026.
Earnings are expected to fall for the third year in a row.
Chevron's 5% dividend yield and robust profitability make it an attractive opportunity for passive income investors amid recent valuation declines. Production growth from new global projects is expected to offset lower crude oil prices and support a 25% profit increase in 2025. The stock's lack of price recovery signals unrealized upside potential, with a 14.2x 2026e profit multiple and the highest growth rate among peers.
CVX's dividend remains reliable, but reinvestment needs and lost cash flow may slow down its payout growth in the near term.
CVX to lay off nearly 200 Texas workers in July as part of a global workforce cut of up to 20% by 2026, to reduce costs and streamline its operations.
Occidental and Chevron are two excellent but very different oil companies. Chevron is an excellent dividend/total return stock, while OXY should provide capital gains as well. OXY is somewhat misdescribed as an integrated oil company; it's actually an odd but highly efficient exploration and production company with no downstream business but a midstream chemical unit. OXY is best understood by studying its long-term debt levels and pulling from cash flow numbers the exact times of acquiring and repaying debt.
CVX stock has come under pressure in recent months as legal hurdles, Venezuela losses, and falling EPS estimates weigh on its outlook.