XOM's merger with Pioneer nearly doubles its production in the Permian Basin. CVX's $53 billion merger with HES is expected to expand its portfolio in the prolific Stabroek Block.
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.
In today's Good Buy or Goodbye segment, Genter Capital Management CEO and president Dan Genter joins host Julie Hyman to share his investment recommendations. Genter identifies Chevron (CVX) as a compelling buy opportunity, highlighting several catalysts.
Buffett and I are both doubling down on a sector that has lagged the market recently. This sector is filled with stocks that trade at deep discounts with strong balance sheets and rising dividends. Here's how to position your portfolio for potential massive upside alongside Buffett.
The one thing that investors need to understand about buying oil stocks is that oil prices are highly volatile. If you are looking to buy an oil company with the goal of producing a long-term income stream you have to focus extra attention on the business behind the dividend.
During an internal town hall meeting last week, roughly 40,000 Chevron employees were shown a video touting the oil giant's success in Colorado as the largest oil and gas producer in the state.
CVX-led consortium's updated development plan includes the construction of a floating production unit and the installation of subsea pipelines connecting to Egypt.
Chevron's (CVX 0.76%) business is booming, but the long-term viability remains the key.
US stocks have been somewhat muted in recent sessions after the Bureau of Labour Statistics said inflation was up more than expected in January. The consumer price index came in up 0.5% for the month and 3.0% for the year on February 12.
Chevron Corp. NYSE: CVX announced it was laying off approximately 20% of its global workforce by the end of 2026. The company announced the moves as an effort to cut costs, simplify its business, and complete its ongoing merger with Hess Corp. NYSE: HES.
Chevron's (CVX 0.63%) shares are down just about 20% since hitting a peak in 2022. Brent Crude, a key oil benchmark, is down around 40% since 2022.
CVX intends to cut 15-20% of its workforce by 2026 as part of its cost-cutting initiative, aiming for $3B in savings amid industry challenges.