CVX has trimmed its second-quarter buyback target to $2.5-$3 billion from $3.9 billion in Q1, reflecting the shaky macro landscape and Brent crude's slide.
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ExxonMobil reported Q1 2025 results. Although income is lower than last year, the smooth integration of its Pioneer acquisition has boosted its Permian results. Longer term, the value of the Guyana's development remains particularly interesting. XOM expects arbitration with Chevron this month over Chevron's acquisition of the Hess interest. This $445 billion low-beta super-major pays a 3.8% dividend and has resumed stock buybacks at a pace of $20 billion/year.
Recently, Zacks.com users have been paying close attention to Chevron (CVX). This makes it worthwhile to examine what the stock has in store.
Chevron Corp. NYSE: CVX stock has been surprisingly volatile since it announced earnings on May 2. Supply and demand are under pressure from the current administration's tariff policies.
While it was fun while it lasted, as we have discussed before, inevitably, after vicious sell-offs like the one we saw from the market peak in February, which pushed the S&P 500 and the Nasdaq quickly into a brief bear market 20% decline territory, there is the potential for stunning bear market rallies like the one we have witnessed.
Despite the volatility in the broader stock market, the S&P 500 index (^GSPC -0.64%) is still offering investors a tiny dividend yield of just 1.3%. You can do much better than that with companies like NextEra Energy (NEE -1.49%), Chevron (CVX -2.09%), and Enbridge (ENB -0.52%), which offer yields as high as 5.8%.
Exxon Mobil and Chevron beat first-quarter estimates for earnings but lag the same for revenues.
Exxon Mobil Corp (NYSE:XOM, ETR:XONA) and Chevron Corporation (NYSE:CVX, ETR:CHV) traded lower ahead of Monday's opening bell, tracking a sharp decline in oil prices after OPEC+ agreed to a significant supply boost. Brent crude fell as much as 4.6% before trimming losses, amid concerns the alliance's output increase could flood a weakening market already rattled by US–China trade tensions.
Investors seeking passive income have plenty of alternatives. One of the best strategies is buying stocks that offer attractive dividends.
Chevron CEO Mike Wirth argued against the move over concerns about energy security and growing Chinese influence in the Western Hemisphere.
Chevron CEO Mike Wirth issued a stark warning on the energy and national security concerns stemming from the company's possible departure from Venezuela.