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Zacks News
Chevron is one of the largest publicly traded oil and gas companies in the world with operations that span almost every corner of the globe. The only energy component of the Dow Jones Industrial Average, San Ramon, CA-based Chevron is fully integrated, meaning it participates in every aspect related to energy – from oil production, to refining and marketing. The company generates more than $146 billion in annual revenues and produces in excess of three million barrels per day of oil equivalent. Chevron currently churns out oil and natural gas at a 60/40 ratio. As of the end of 2019, the company had proved reserves of approximately 12.6 billion barrels of oil-equivalent. While the energy sector downturn since mid-2014 has significantly impacted Chevron’s stock price, it is still the 45-largest company in the S&P 500 Index. With its relatively low-risk energy business structure, robust financial health, and ample free cash flows, Chevron remains well positioned to navigate the weak oil and gas prices.
Here's How Oil Demand is Evolving in the Post-Pandemic World
by Nilanjan Banerjee
The strong demand for oil and gas has prompted major energy companies like BP, ExxonMobil, and Chevron to reevaluate their strategies.
Jazz Pharmaceuticals and Boston Beer Company have been highlighted as Zacks Bull and Bear of the Day
by Zacks Equity Research
Jazz Pharmaceuticals and Boston Beer Company are part of the Zacks Bull and Bear of the Day article.
YPF-Led VMOS Project in Argentina Gets Shell and Chevron as Partners
by Zacks Equity Research
YPF-led VMOS project gets a major boost as SHEL and CVX join in bolstering Argentina's oil exports with a $3 billion pipeline.
3 High-Yield Energy Giants for Stability in Volatile Markets
by Nilanjan Choudhury
Investors looking for stable, income-generating assets for their portfolios may focus on large-cap energy stocks like WMB, CVX and KMI.
Golden Pass Project's Export Extension: XOM, CVX, LNG to Gain?
by Nilanjan Banerjee
As LNG demand continues to surge, ExxonMobil, Chevron and Cheniere Energy are well poised to gain.
XOM Trades at Premium Valuation: Should You Buy the Integrated Stock?
by Nilanjan Banerjee
XOM's growth prospects are strong, but a few uncertainties surrounding the stock suggest investors may be better off not buying it at premium valuations.
Petrobras Q4 Earnings Beat Despite a Decline in Production
by Zacks Equity Research
As of Dec. 31, 2024, PBR has recorded a net debt of $52,240 million. The company ended the year with cash and cash equivalents of $3,271 million.
Why Investors Should Consider Holding Canadian Natural Stock
by Zacks Equity Research
CNQ stock shows strong growth with record production and robust cash flow, though risks like declining earnings and oil price volatility could impact future performance.
Chevron Corporation (CVX) Is a Trending Stock: Facts to Know Before Betting on It
by Zacks Equity Research
Recently, Zacks.com users have been paying close attention to Chevron (CVX). This makes it worthwhile to examine what the stock has in store.
Chevron Faces Venezuela Setback - Is the Stock Still a Hold?
by Nilanjan Choudhury
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.
Chevron Gets Short 30 Days Notice to End Venezuela Operations
by Zacks Equity Research
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.
Chevron (CVX) Stock Moves -0.71%: What You Should Know
by Zacks Equity Research
In the latest trading session, Chevron (CVX) closed at $152, marking a -0.71% move from the previous day.
Should Invesco Dow Jones Industrial Average Dividend ETF (DJD) Be on Your Investing Radar?
by Zacks Equity Research
Style Box ETF report for DJD
Trump Administration Cancels Chevron's Venezuela License
by Zacks Equity Research
The Trump administration, in yet another foreign policy power move, cancels a Biden-era license granted to CVX for producing and exporting oil in Venezuela.
Chevron Eyes Leviathan Field Expansion to Boost Natural Gas Production
by Zacks Equity Research
CVX and partners advance an expansion plan for Israel's Leviathan gas field to increase production capacity and strengthen regional energy security.
Shell-BP Merger Buzz: A Trend Shaping the Future of Big Oil
by Aditi Kanoria
As Shell and BP merger rumors swirl, industry giants are consolidating to stay competitive. A new wave of oil mergers is changing the future of global energy.
Chevron (CVX) Reports Q4 Earnings: What Key Metrics Have to Say
by Zacks Equity Research
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.
Chevron Extends Shelf Drilling's Rig Contract in Nigeria
by Zacks Equity Research
CVX extends Shelf Drilling's contract valued at $50M for the Scepter jack-up rig in Nigeria till 2026.
Should iShares Core High Dividend ETF (HDV) Be on Your Investing Radar?
by Zacks Equity Research
Style Box ETF report for HDV
Exxon-Pioneer, Chevron-Hess Mergers Receive Conditional FTC Approvals
by Zacks Equity Research
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.
Occidental Petroleum Q4 Earnings Beat Estimates, Revenues Dip Y/Y
by Zacks Equity Research
OXY's fourth-quarter earnings are better than expected. Strong volumes from the Permian region continue to boost the overall production of the company.
Devon Q4 Earnings & Revenues Beat Estimates, Production Increases
by Zacks Equity Research
DVN reports better-than-expected fourth-quarter earnings and revenues. The company continues to enjoy benefits from its multi-basin assets.
Investors Heavily Search Chevron Corporation (CVX): Here is What You Need to Know
by Zacks Equity Research
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.
Chevron Receives Approval for Aphrodite Gas Field Development
by Zacks Equity Research
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 Plans 20% Workforce Reduction to Stay Competitive
by Zacks Equity Research
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.