Chevron's massive reserves, efficient operations, and consistent production growth, especially in the Permian Basin, make it a top pick for dividend investors. The company offers strong shareholder returns with a 4.5% dividend yield and aggressive buybacks, translating to a 9.2% annualized yield. Trading at just 7.8x OCF, Chevron is undervalued with a 43% potential upside based on projected cash flow growth.
CVX and Cyprus engage in talks on the Aphrodite gas field, aiming to secure development without further delays.
Chevron does not want to invest in the construction of U.S. LNG plants, as it is not the best use of the company's capital and it can easily sell its U.S. gas, said a top official on Thursday.
Oil is a volatile commodity prone to dramatic, and sometimes swift, ups and downs. Chevron has proven its ability to weather the energy cycle while paying investors well along the way.
CVX's CEO Mike Wirth condemns the Biden LNG export pause, arguing it raises costs and emissions while delaying the transition from coal to cleaner natural gas.
Despite increased shorting, CVX remains a quality business with a fairly impressive inventory of upstream development projects.
Chevron CEO Michael Wirth on Tuesday criticized U.S. President Joe Biden's administration for what he described as "attacks on the natural gas” industry and emphasized the crucial role of Permian natural gas in powering the rapid growth of artificial intelligence (AI).
Mike Wirth, Chevron chairman and CEO, joins 'Squawk on the Street' to discuss how Chevron can return to growth, where the price of crude oil will go, and much more.
Several oil companies including Exxon Mobil and Chevron on Monday defeated an appeal by consumers who accused them of colluding with former President Donald Trump's administration, Russia and Saudi Arabia to cut oil production, boosting prices at the pump.
CVX and Mitsui team up to deploy the Wind Challenger on LNG carriers, aiming to cut fuel use and emissions, and set a new benchmark in maritime efficiency.
In some ways, it is always a good time to buy Chevron -- at least, for some investors. Chevron appears fairly valued right now although the price has been cheaper in the past.
Chevron has increased its dividend every year for more than 35 consecutive years. The oil giant is pursuing a big acquisition and growing its portfolio.