Exxon and Chevron are battling over Hess' stake in a lucrative offshore oil field in Guyana. The dispute is delaying Chevron's merger with Hess.
Chevron offers a battle-tested dividend with a generous yield today. Illinois Tool Works has compounded for shareholders for decades.
Chevron plans to invest 83 billion rupees ($989.20 million) in India's Bengaluru, in what will be the oil and gas firm's largest tech center outside the United States, a minister with the state government of Karnataka said late Wednesday.
Chevron is one of the world's largest integrated energy companies. The stock has dropped over 20% from its late-2022 highs.
Chevron has numerous projects coming online over the next few years. The oil giant can organically grow its free cash flow at a double-digit percentage annual rate.
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 (CVX) agrees to pay $550 million over 10 years as a settlement to Richmond City Council for withdrawing a proposed tax on its Richmond refinery.
Large-cap companies The Williams Companies (WMB), Chevron (CVX) and Canadian Natural Resources (CNQ) present an opportunity for long-term stability and reliable returns in the energy space.
Chevron Corporation is an expensive oil company with strong assets and diversification in LNG, committed to shareholder returns. The company has achieved record Permian production and has new projects like the Anchor project in the Gulf of Mexico. Financially, Chevron stock trades at a lofty valuation with minimal FCF, making it expensive at its current valuation and a hold recommendation.
Chevron Corp is to pay Richmond City Council $550 million over 10 years, the city said in a statement, in a settlement that saw it drop a proposed ballot on a new tax on the oil major's Richmond refinery.
Despite overhangs, Chevron Corporation stock is a "buy." As a matter of fact, I contend that the overhangs are part of the investment thesis. When a premier company is dogged by uncertainty, it's time to give it a good look. Chevron stock appears inexpensive based on its historical valuation metrics and versus primary peer Exxon Mobil. It's time to investigate.
With over a year of interest rates continuing to remain above 5%, many investors appear to be taking a more defensive approach to portfolio construction.