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.
From tariffs to cuts in government spending, American markets are facing significant uncertainty, and some investors fear a recession could be on the horizon. While the future outlook remains uncertain, some investors are taking current dips in pricing as an opportunity to add sometimes volatile energy stocks to their portfolios.
Energy usage at data centers is already immense, and i t will be even higher in the future because AI requires a tremendous amount of computing power. That's fueling the need for more electricity in the country to power AI data centers.
Chevron Corporation (NYSE:CVX ) Piper Sandler 25th Annual Energy Conference Call March 18, 2025 11:00 AM ET Company Participants Eimear Bonner - Vice President and Chief Financial Officer Conference Call Participants Ryan Todd - Piper Sandler Ryan Todd Good morning, everybody. We'll keep this going.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
In the most recent trading session, Chevron (CVX) closed at $158.72, indicating a +1.08% shift from the previous trading day.
Venezuela's state-run PDVSA has put together three operational scenarios as part of plan to continue producing and exporting heavy oil at the largest joint venture with Chevron in the country once a license to the U.S. major expires next month, according to a company document seen by Reuters on Monday.
Chevron purchased about 4.99% of Hess Corp's common shares this year, the oil giant said in a regulatory filing on Monday.
Donald Trump is a polarizing political figure, and he has come into office with a long list of plans. While not every president is as polarizing as Trump, every single president comes into office with plans.
Chevron is advancing plans to tap into data center power demand, with the oil major recently entering the permitting and engineering phases for multiple U.S. sites to develop the centers and the electricity to supply them, a company executive told Reuters this week.
My anticipation of policy tailwinds and increasing power demand from data hubs has led me to form an overall positive view toward energy stocks. Leading energy players such as Energy Transfer and Chevron are especially well-positioned. I prefer CVX over ET due to its stronger correlation with oil prices, better capital allocation flexibility, and consistent dividend growth.
Investors love dividend stocks, especially the high-yield variety, because they offer a significant income stream and have massive total return potential.