Over the past year, the price of Brent Crude, a key global oil benchmark, has been as low as $70.31 and as high as $93.12. Over the past three years, the swing from peak to trough was even greater, with the low at $69.53 and the high at a whopping $133.18.
When it comes to dividends, some industries never get old.
Zacks.com users have recently been watching Chevron (CVX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Chevron has fully recovered from its Q2'24 earnings dip, driven by strong production growth and shareholder-friendly policies like dividends and stock buybacks. Despite a 31% year-over-year earnings decline in Q3'24, CVX's production, especially in the Permian, grew rapidly. The energy firm remained high free cash flow profitable in the September quarter and bought back a large amount of its shares.
Energy Stocks Have Soared This Year, but, These 3 Still Look Like Great Buys
If you are looking at dividend-paying oil stocks today, there are three interesting ways to play the sector.
California officials said on Thursday that they have concluded the spill response at Chevron's Richmond Wharf port facility in the state but noted that an investigation will continue.
Chevron's dividend blends high yield and reliability.
QatarEnergy has acquired a stake in the CVX-operated offshore block in the Mediterranean Sea.
Energy stocks attract investors for a number of reasons.
CVX has awarded contract extensions to Shelf rigs Chaophraya and Krathong for another two years to strengthen operations in Thailand.
Chevron Corp has started redeploying personnel and restoring production at its Gulf Of Mexico platforms that were closed for Hurricane Rafael, the company said on Sunday.