Dividend stocks are the way to go if you want to take advantage of the mini-rally so far this year, with the S&P 500 gaining 5% in May thanks largely to Nvidia (NASDAQ: NVDA ) beating earnings, announcing a 10-for-1 stock split, and the rise of generative AI plus potentially three rate cuts this year is also helping shore up sentiment. In addition, within the next few weeks, we can expect several positive inflation data points, such as falling prices for used cars and lower owner's equivalent rent, according to Fundstrat's Tom Lee, leading to a possible 4% rise in the S&P 500 in June.
Chevron (CVX) reachead $156.13 at the closing of the latest trading day, reflecting a -0.84% change compared to its last close.
Chevron stock has outperformed the S&P 500 recently, even though oil futures fell into a correction. Chevron's robust production performance and upbeat outlook have reassured investors of its growth potential. A positive outcome in Chevron's arbitration with Exxon on its Hess acquisition could lead to a valuation re-rating.
The OPEC announcement over the weekend was widely seen as a plan to add back production from members' current coordinated cuts.
Chevron Corporation's (CVX) subsidiary Chevron Australia brings back full production at the Gorgon liquefied natural gas (LNG) terminal after a month-long outage in Western Australia.
The summer doldrums are almost upon us. June is absolutely the worst month in which to invest, no matter the market index.
Warren Buffett's company has made a bold bet on two top oil stocks. Chevron has a big upside catalyst from its pending Hess acquisition.
Cash-rich Exxon Mobil and Chevron are bolstering their oil and gas drilling inventory with multi-billion-dollar takeovers as they bet on resilient demand for years to come.
There are plenty of ways for investors to gauge the amount of activity, or lack thereof, within an industry. One way can be seen in how the most prominent players interact with each other, mainly any rumors of mergers and acquisitions (M&A).
Chevron (CVX) and Sonatrach are set to finalize a deal to enhance Algeria's natural gas output. This partnership aims to diversify Europe's gas supply amid geopolitical shifts.
Consolidation among the oil and energy sector continues as Chevron (CVX) will be acquiring Hess (HES) in a deal valued at $53 billion while ConocoPhillips (COP) is set to acquire Marathon Oil (MRO) for $22.5 billion when including debt.
Chevron shareholders on Wednesday voted to re-elect all 12 sitting directors to its board, in a sign of support for the oil major.