Despite the energy sector's ups and downs, dividends are rising. Here's a look at the recent payout hikes from CVX, IMO, NOG, and MGY.
Chevron Chairman and CEO Mike Wirth discusses the outlook for energy under President Donald Trump. He says the company is bringing more energy to markets in a more "capital efficient way.
Venezuela's oil exports rose 15% to some 867,000 barrels per day in January, driven by an increase in shipments by U.S. major Chevron Corp from its joint ventures with state firm PDVSA, and more cargoes to China, data based on vessel movements showed.
Both XOM and CVX faced downward pressure following their Q4 release, reflecting broader market concerns over refining margins and oil price volatility.
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Chevron's strong earnings, driven by U.S. production growth and high petroleum prices, make it an attractive investment for long-term energy investors. Despite a Q4 earnings miss, Chevron's free cash flow and capital returns, including $27B to shareholders in FY 2024, remain robust. The Permian Basin's high productivity and Chevron's acquisition of PDC Energy support continued production growth and profitability.
On Friday, oil and gas majors ExxonMobil (XOM 0.24%) and Chevron (CVX 0.10%) fell 2.5% and 4.6%, respectively, after reporting fourth-quarter and full-year 2024 results.
The headline numbers for Chevron (CVX) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Investors love dividend stocks, especially the blue-chip variety because they offer a significant income stream and have massive total return potential.
Last year was one for the record books for Chevron (CVX -4.56%). The energy giant increased its global production by 7% and U.S. output by 19% to record levels.
Chevron (CVX -4.56%) holds a treasure trove of low-cost natural gas resources across the U.S. This lower-carbon fuel could play a significant role in powering the artificial intelligence (AI) revolution. That technology requires a tremendous amount of electricity to power the specialized chips needed to run AI applications in data centers.
Big Oil executives this week saw little prospect of a near-term improvement in refinery profits after Chevron , Exxon Mobil and Shell all reported fourth-quarter earnings that were hit hard by a downturn in the margins for producing fuel.