Warren Buffett is famous because of the long-term success he has achieved running Berkshire Hathaway. But there are two interesting things about this company.
Chevron is undervalued with a favorable P/E ratio of 13x and strong shareholder returns through dividends and buybacks. Despite recent declines, Chevron's long-term support and potential for significant EPS growth make it a buy. Key risks include rising costs, geopolitical issues, and potential global recession impacts on oil prices.
CVX's Venezuelan oil shipments halted by PDVSA amid payment uncertainty due to U.S. sanctions derails its plans to export oil.
The stock market has sold off hard this year. The Nasdaq Composite recently entered bear market territory, tumbling more than 20% from its peak late last year, while the S&P 500 was heading in that direction.
Chevron (CVX) closed at $135.63 in the latest trading session, marking a +0.48% move from the prior day.
Chevron (CVX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Chevron (CVX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Oil price plunges below $60, dragging oil majors like XOM, CVX, and SHEL lower. Trade war tariffs and OPEC+ supply surge shake up global energy markets.
The Nasdaq Composite (^IXIC 2.81%) plunged 10.4% in the first quarter of 2025. Oil stock Chevron (CVX 1.03%), however, bucked the broader market trend and surged 15.5% instead in Q1, according to data provided by S&P Global Market Intelligence.
CVX is set to begin a seabed survey to link Cyprus' Aphrodite gas field to Egypt, boosting regional energy ties.
CVX to pay $740 million fine to restore Louisiana wetlands after Texaco's mishandling of drilling waste and failure to follow environmental laws.
Chevron was ordered to pay $740 million to restore damages the oil and gas major caused to southeast Louisiana's coastal wetlands, the Associated Press reported on Friday.