Michael Farr, Hightower Advisors chief market strategist, joins 'Power Lunch' to discuss Farr's investing take on three stocks: Chevron, AT&T, and Palantir
Chevron Corporation (NYSE:CVX, ETR:CHV) chief executive Michael Wirth has said the oil major is on course to grow free cash flow by as much as US$8 billion and slash billions in costs come next year. Free cash flow was set to climb by US$6 billion to US$8 billion, he told Goldman Sachs' Energy, CleanTech & Utilities Conference in Miami on Wednesday.
Chevron is positioned to increase its free cash flow by $6 billion to $8 billion by next year, and reduce expenses by "a couple billion dollars," said Chevron CEO Michael Wirth on Wednesday.
As a contrarian investor, I tend to place my bets against the crowd. However, in the case of Chevron Corporation, my conclusion is in line with the prevailing ratings for several reasons. There are indeed some ongoing headwinds, which are likely to cause an EPS decline in FY 2024.
Multiple factors, including forecasts for an extremely cold winter and rising natural gas prices, are driving a surge in diesel prices. The Department of Energy/Energy Information Administration (DOE/EIA) reported a $0.027 increase in the average retail diesel price, reaching $3.503 a gallon to close out 2024.
Natural gas prices recently jumped 20% in a single day. That's a pretty shocking move but, frankly, not all that unusual when it comes to energy prices.
There might not be an investor who has done it as well for as long as the great Warren Buffett. Nicknamed the Oracle of Omaha, Buffett is still actively involved in key decisions at Berkshire Hathaway, the holding company he's managed for decades.
This is my latest article where I provide predictions of upcoming dividend increases from companies with long-term dividend growth histories. After a busy December, investors will start 2025 with 15 more long-term dividend growth companies announcing their annual increases in January. Most of the upcoming increases will be modest, including a 5 – 6% increase from Chevron and a 3 – 4% increase from Kimberly-Clark.
Large-capitalization dividend stocks are a favorite among investors for a good reason.
Canadian Natural Resources Limited, Chevron and Kinder Morgan are included in this Analyst Blog.
Energy stocks as a whole delivered an underwhelming performance in 2025. The average one in the S&P 500 has only managed to eke out a small gain (the Energy Select Sector SPDR Fund -- an ETF that tracks energy stocks in the S&P 500 -- is only up about 1% on the year).
This past year has been a relatively quiet one for the oil market. After a brief bounce, crude prices are on track to end 2024 in the low $70s -- right around where they began the year.