Despite Chevron's stock underperforming relative to the S&P 500, I maintain a 'buy' rating due to management's optimistic free cash flow and capital return projections. Chevron's acquisition of Hess and its significant production growth initiatives, particularly in Kazakhstan and the Permian Basin, promise substantial future cash flow increases. Management's cost-cutting measures, including workforce reductions and flat capital expenditures, aim to enhance operational efficiency and support robust share buyback programs.
Recently, Zacks.com users have been paying close attention to Chevron (CVX). This makes it worthwhile to examine what the stock has in store.
CVX has received a 30-day notice from the Trump administration to stop pumping and selling Venezuelan oil and wrap up its operations in the country.
The energy sector is the lifeblood of the economy, keeping the wheels of commerce turning. The past year has been quite a roller coaster for energy stocks, with volatility and performance lagging the broader market.
Shares of oil and gas majors ExxonMobil (XOM -1.99%), Chevron (CVX -0.80%), and ConocoPhillips (COP -1.85%) were all trailing the market today, falling 3.6%, 2.8%, and 4.2% at their lows, before recovering to declines of 3%, 1.9%, and 3%, respectively, as of 12:51 p.m. ET.
Chevron Corporation CVX shares are trading lower on Wednesday. Goldman Sachs analyst Neil Mehta hosted the company for an in-person meeting with investors in New York.
CVX gets a 30-day deadline to wrap up its operations in Venezuela, giving a major blow to U.S. refiners and Venezuela's economy.
CNBC's Becky Quick reports on the latest news.
Venezuela's exports of crude and fuel rose in February to their highest since November, vessel monitoring data showed, as the U.S. prepared to terminate a key license that allows oil major Chevron to operate and ship crude from the country.
U.S. President Donald Trump's administration said on Tuesday it is ending a license that it had granted to U.S. oil producer Chevron since 2022 to operate in Venezuela and export its oil, after Washington accused President Nicolas Maduro of not making progress on electoral reforms and migrant returns.
The average American receives a tax refund of $3,138. That's a big windfall for most people.
Emphasizing defensiveness in 2025, we recommend stocks with low border exposure and favorable tax-loss harvesting, like Chevron, with its strong balance sheet and dividend growth. Major oil companies, particularly Chevron, are poised for a bullish run, supported by low valuations and a pro-oil administration. Our analysis shows Chevron's price structure indicates a bullish trend, and we share key price levels to further confirm.