CVX reportedly plans to sell its 50% stake in Singapore Refining Company as it streamlines assets and shifts focus to higher-margin energy investments.
Turkey's state energy firm TPAO is in talks with CVX to jointly explore oil and gas, aiming to boost domestic output and cut import dependence.
We compare CVX's Venezuela upside with PBR's operating momentum, then look at stock performance, valuation, and earnings trends to see how the two stack up today.
Chevron (CVX) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Chevron plans to close a deal to sell its oil refining and distribution assets in Singapore in the first quarter of the year as it engages in a final round of talks with Japanese refiner Eneos and Glencore, four sources with knowledge of the matter said.
The company lobbied hard for proximity to Venezuela's oil wealth—but it has little appetite for making major investments there in the near term.
Exxon Mobil (XOM) is the clear winner over Chevron (CVX), offering superior long-term upside and operational leverage. XOM projects operating cash flow to rise from $58.46B (2025) to $98.11B (2030), with $234.36B in excess cash flows. CVX's Hess acquisition adds growth and synergies, but annualized upside is only 8.2% versus XOM's 17.6%.
Chevron is rated "Buy" with a $183/share target, reflecting operational improvements and strategic asset positioning. Key value drivers include advanced oil recovery, Guyana offshore assets, and expansion into gas-fired power for data centers. Management targets 2%-3% production CAGR through 2030, structural cost reductions of $3-$4 billion by 2027, and nearly doubling FCF per share in five years.
The U.S. is moving as fast as it can to grant Chevron an expanded license for its oil production in Venezuela, U.S. Energy Secretary Chris Wright told Reuters on Friday.
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.