Several factors (such as the re-escalation of the Iran situation, refilling of the SPR, and inflation) could push the oil price to be around $100 in 2H of 2025. I reiterate my strong buy rating on Chevron due to the potential for oil prices to surge drastically in 2H 2025. Investors should not rule out the probability of oil prices approaching ~$100 per barrel.
In the latest trading session, Chevron (CVX) closed at $145.57, marking a +1.66% move from the previous day.
Chevron's 4.8% dividend yield shines with 38 straight years of growth, but lagging stock returns raise concern.
CVX is set to close its Scotland office, phasing out North Sea operations by 2026 in a $3 billion cost-cutting move focused on more profitable energy assets and regions.
CVX extends LNG agreement with Energy Transfer for 20 years, adding 1 million tpy and raising total supply to 3 million tpy from Lake Charles LNG.
CVX has resumed gas operations at Leviathan, restoring critical exports to Egypt and Jordan, and stabilizing regional supply.
CVX expands into lithium with 125,000 acres in Texas and Arkansas, fueling its push toward EV battery materials.
It's Fed Chair Jerome Powell who's top of mind for markets now, rather than events in the Middle East.
Investing in high-yield dividend stocks can set you up for life. Each of these companies have a strong dividend record and a yield higher than 4%.
Chevron (CVX) concluded the recent trading session at $146.86, signifying a -1.8% move from its prior day's close.
CVX eyes a significant output boost from the Gulf of America by 2026, driven by new deepwater projects like Ballymore and Whale.
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.