OXY's stronger ROE, cheaper valuation, earnings estimate growth and six-month share gains give it an edge over CVX.
CVX is pursuing new U.S. data center power projects after Project Kilby, leveraging natural gas to meet rising AI-driven electricity demand.
Amid heightened oil price volatilities, Chevron (CVX) and Enterprise Products (EPD) have become timely due to their attractive yields and remarkable dividend growth records. EPD offers higher current yield and features relatively low sensitivity to oil price fluctuations due to its mid-stream model. However, CVX's more pronounced oil price sensitivity can actually be a plus given the current oil supply-demand dynamics.
CVX confirms its Venezuelan operations remain safe and fully operational after devastating earthquakes, while supporting employees and local communities.
Chevron Chief Financial Officer Eimear Bonner told CNBC expects U.S. gasoline prices to fall. Her comments come shortly after Trump accused Big Oil of "gouging" consumers by failing to lower gasoline prices in line with the recent decline in oil prices.
In the closing of the recent trading day, Chevron (CVX) stood at $171.45, denoting a -2.57% move from the preceding trading day.
CVX strengthens Project Kilby with strategic land and brackish water resources, advancing responsible power infrastructure for AI-driven growth.
Crude oil has whipsawed investors all year. WTI spiked to $112.25 per barrel in mid-May as the Iran conflict rattled supply lanes, then drifted back to $84.65 by June 15.
Chevron has secured a 20-year deal to supply natural gas-fired power to Microsoft's data center, marking a breakthrough in AI-driven energy demand. CVX's Project Kilby will deliver up to 5GW capacity, with initial CapEx of $7B and potential EBITDA of $5.6–$10.5B, offering a replicable blueprint for future contracts. While the Microsoft agreement adds only 1.7%-3.2% to 2028 EBITDA, scaling similar deals could address CVX's lack of organic growth.
Generative artificial intelligence (AI) requires an unfathomable amount of electricity. While retail and institutional investors fiercely chase semiconductor cycles and software revenue multiples, the physical reality of hyperscale computing is triggering a structural shift in energy markets.
Chevron Corporation (CVX) Presents at J.P. Morgan Natural Resources Conference 2026 Transcript
Our Chevron (NYSE:CVX | CVX Price Prediction) call is measured.