Almost flat year-to-date, at the current price of around $154 per share, we believe Chevron Corporation (NYSE: CVX), a company manufacturing and selling a range of refined petroleum products, including gasoline, diesel, marine, and aviation fuels, premium base oil, finished lubricants, and fuel oil additives - could see gains in the longer term. CVX stock has increased from around $149 to $154 so far this year, whereas its peer Exxon Mobil (NYSE: XOM) stock is up 12% YTD.
The Supreme Court remanded nine cases to lower courts last week in light of its reversal of the landmark precedent knowns as the Chevron deference. This batch of cases may be the first indication of the legal upheaval that could play out across the United States judiciary now that one of the most widely cited Supreme Court decisions has been overturned.
Energy stocks can be volatile, but some options in the sector have proven to be highly reliable dividend investments. Chevron is one of the world's largest energy producers and has a relatively attractive yield today.
Energy operators, including Chevron (CVX), Marathon Petroleum (MPC), Shell (SHEL) and Phillips 66 (PSX), enacted comprehensive preparedness plans ahead of Hurricane Beryl.
Investing in undervalued blue-chip stocks might be the safe harbor your portfolio needs at this time. In the past year, we've seen blue-chip stocks play second fiddle to tech stocks.
The oil giant's warning adds to the gloom hanging over energy stocks.
Chevron's (CVX) Oeding biodiesel plant faces market oversupply and Chinese import pressures, leading to worker furloughs and raising concerns about fair competition in the European biofuel market.
Bullish on the oil and gas industry, with a focus on Chevron and other producers. Chevron positioned for growth with strong financials, buyback plans, and increased production. Chevron offers value opportunity with high dividend yield and potential for capital appreciation.
PepsiCo is a Dividend King at an attractive valuation. Deere's earnings are poised to fall, but the stock is dirt cheap.
Chevron has struggled relative to the S&P 500 in 2024 despite rising oil prices, but the stock still sports a favorable valuation. Q1 results showed mixed performance, with strong production and cash returns to shareholders. Higher oil lately could be a boost to profits in the near term.
Crude oil prices have started to move higher after a period of moving lower due to the lack of upside catalysts, presenting opportunities for oil stocks to buy on dip. The recent trend has been driven by optimistic demand forecasts for summer fuel consumption and a decline in U.S. crude inventories.
Chevron's (CVX) subsidiary Chevron Munaigas Inc. and QazaqGaz join forces to explore gas resources in Kazakhstan, strengthening a three-decade relationship and boosting economic growth.