CVX plans a $5 billion blue hydrogen plant in Texas, aiming to tap federal incentives and cut costs via the HyVelocity Hub.
CVX is ramping up renewable fuels, carbon capture, and hydrogen in a quiet shift toward a low-carbon future.
There were also bright spots in the statement, which comes ahead of official second-quarter earnings on Aug. 5.
CVX is centralizing operations, trimming jobs and using AI to streamline global workflows and cut up to $3 billion in costs by 2026.
Oil prices stabilizing in the mid-$60s support a bullish outlook for Chevron, which remains the cheapest S&P 500 sector at 15x forward P/E. Chevron's Q1 results were strong, with solid EPS and robust shareholder returns, though rising net debt and reduced buybacks are notable concerns. Despite recent EPS downgrades, free cash flow yield remains attractive, and long-term earnings growth could make CVX significantly undervalued today.
The climax to the Chevron Corporation-ExxonMobil Corporation dispute may be approaching. Almost all of Hess Corporation's profits come from Guyana. Chevron may well sell or spin off anything of Hess not associated with Guyana.
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CVX and Exxon Mobil, in a strategic collaboration with Pertamina, lead a $34 billion US-Indonesia agreement to boost energy and agri-trade ties.
Chevron's $48B Tengiz expansion adds 260K barrels/day, boosting cash flow and deepening its Eurasia energy foothold.
CVX nears a decisive moment as arbitrators take final decision on its $53 billion Hess deal and entry into Guyana's top-tier oilfield.
Several factors (such as the re-escalation of the Iran situation, refilling of the SPR, and inflation) could push the oil price to be around $100 in 2H of 2025. I reiterate my strong buy rating on Chevron due to the potential for oil prices to surge drastically in 2H 2025. Investors should not rule out the probability of oil prices approaching ~$100 per barrel.
In the latest trading session, Chevron (CVX) closed at $145.57, marking a +1.66% move from the previous day.