CVX and partners approve Israel's Leviathan expansion, adding three wells and upgrading facilities to lift gas output to 21 bcm a year.
The market is reacting to headlines, not fundamentals. Deep discounts are creating unusually asymmetric setups in quality dividend growth stocks. Patient income investors may be getting a rare gift to lock in big yields with strong dividend growth profiles.
U.S. oil major Chevron said on Friday it has taken a final investment decision to expand production at Israel's Leviathan natural gas field, a move that will lift supplies to domestic and regional markets including Egypt and Jordan as demand for Eastern Mediterranean gas grows.
Stephanie Link, CIO at Hightower, joins CNBC's "Halftime Report" to explain why she's buying more Chevron so soon.
On Saturday, hours after U.S. forces in Caracas killed at least 80 people and kidnapped Venezuelan President Nicolás Maduro, Donald Trump sounded less like a wartime commander than a developer surveying a newly acquired property. The country's future, he told reporters at his Mar-a-Lago resort, belonged to “very large United States oil companies,” which would soon be pumping “a tremendous amount of wealth out of the ground.
What happened in Venezuela on January 3 may turn out to be the most consequential energy and geopolitical event of the decade.
CVX is accelerating Venezuelan crude exports to ease storage bottlenecks and unlock up to $700 million in annual cash flow amid shifting geopolitics.
U.S. Energy Secretary Chris Wright said on Friday that Chevron saw a pathway to grow its Venezuela production by 50%, with his comments coming after a meeting that President Donald Trump had with oil companies on the South American nation.
CNBC's Kate Rooney joins 'Closing Bell' on how retail traders are investing at the start of 2026.
U.S. oil major Chevron , global trading house Vitol and other oil traders, producers and refiners are competing to win deals for exports of Venezuelan crude as part of their talks with U.S. officials for licenses to do business with the country, industry sources said on Thursday.
CVX's expanded Venezuela license can revive exports, reshape U.S. oil strategy and give the company a rare edge amid ongoing sanctions uncertainty.
I've always been a fan of dividend stocks, and whether you buy them for an income stream or the upside, they do not disappoint.