CNBC's Jim Cramer explains why he is keeping an eye on shares of Chevron.
CNQ completes acquisition of Chevron Canada's Alberta assets, strengthening its position in the oil sands and natural gas sectors.
CVX announces a reduced Capex budget of $15.5B for 2025, prioritizing high-return and lower-carbon projects to generate higher free cash flow.
I maintain a buy rating on Chevron (CVX) due to its modest earnings multiple, solid free cash flow, and healthy share repurchases. Chevron's Q3 results were strong, with EPS and revenue beating forecasts, despite a YoY profit dip from lower margins and fewer tax assets. Management forecasts $2-$3 billion in cost reductions through 2026, with increased share repurchases and a $2 billion drop in organic capex next year.
Chevron (CVX -2.57%) is already a free cash flow machine. The oil giant produced $5.7 billion in cash last quarter.
Investors have to make trade-offs every time they buy a stock. There's the balance between risk and reward from the specific investment they choose to own.
If you are looking for investment ideas, what better place to start than with Warren Buffett, one of the most famous investors of modern times? Dubbed the Oracle of Omaha because of his investment success over time, the CEO of Berkshire Hathaway currently has investments in Chevron (CVX -2.57%), Visa (V 0.62%), and Coca-Cola (KO -0.62%).
Chevron , the only U.S. oil producer now working in Venezuela's oilfields, has not held any discussions with President-elect Donald Trump's team over the company's operations in the country, CEO Michael Wirth said on Friday.
Chevron Corporation (NYSE:CVX, ETR:CHV) has reduced its capital expenditures (capex) and affiliate capex budgets by $2 billion year-over-year in 2025 to improve free cash flow, the energy giant announced on Friday. It expects organic capex for its consolidated subsidiaries in the range of $14.5 billion to $15.5 billion and affiliate capex in the range of $1.7 billion to $2 billion.
U.S. oil producer Chevron on Thursday said it will take up to $1.5 billion in fourth-quarter charges for restructuring, asset impairments and property sales costs.
Chevron's 2025 capital budget is about $2 billion less than its expected 2024 budget, as energy companies prioritize cash flow over production growth.
Many investors can pigeon hole buying dividend stocks as a particular investment style that may not fit with their long-term goals.