It‘s no secret that the ongoing trade tariff negotiations between the United States and China have sparked significant volatility and uncertainty in many areas of the market and the global economy alike, with the energy sector being one of the most affected. With sanctions and tariffs on oil being sold to China from places like Venezuela, it seemed like most American oil giants were set to be left outside of the game altogether.
October 2023 was a big month for oil and gas shake-ups. ExxonMobil (XOM -0.33%) announced an all-stock merger with exploration and production (E&P) company Pioneer Natural Resources.
Thai oil and gas giant PTT Exploration and Production (PTTEP) has acquired full ownership of Block A-18 in the Malaysia–Thailand Joint Development Area (MTJDA) in a $450 million transaction with Chevron units.
Chevron regains license to operate in Venezuela as Trump shifts foreign policy, despite criticism from Secretary Rubio and concerns about benefiting Maduro's government.
Technical signals indicate a runway for further gains ahead among energy stocks.
Chevron (CVX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Volatile crude prices, slowing output growth and mounting renewable demand are making the prospects for the Zacks Oil & Gas International Integrated industry gloomy. ExxonMobil (XOM), Chevron (CVX) and Shell (SHEL) are well placed to survive the challenges.
Chevron (CVX) closed the most recent trading day at $153.12, moving +2.05% from the previous trading session.
Chevron's bold Gulf of America push and Shell's deepwater dominance set up a high-stakes showdown for investors.
Chevron finalizes Hess acquisition after arbitration win over ExxonMobil, gaining a key 30% stake in Guyana oil riches.
Incoming Chairman Albert Manifold moved his last company's main listing to New York from London.
Chevron's acquisition of Hess secures a 30% stake in Guyana's Stabroek Block, unlocking significant low-cost, high-growth oil production potential. Hess adds robust Bakken shale assets and immediate profit growth, supporting Chevron's valuation and long-term cash flow generation. Chevron's ramp-up in TCO, Gulf of Mexico, and refining capacity positions it for production growth and enhanced shareholder returns.