U.S. energy major Chevron Corporation (CVX) and the Republic of Cyprus have decided to hold discussions over the next four months to get a mutually beneficial deal that will ensure the Aphrodite gas field's development without further delays.In order to go ahead with the project, the Chevron-led consortium has submitted an updated development plan to the Republic of Cyprus, hoping to avoid the termination of the project.Chevron’s Interest in the ProjectThe Aphrodite gas field was discovered by Noble Energy ...

Oil prices have been weak of late, leaving energy stocks on the defensive. There are two that deserve a closer look just the same.Oil prices are well off their post-pandemic highs. All sorts of geopolitical events and supply/demand gyrations have played out over the last four years or so.All through it, Chevron (CVX 0.38%) and TotalEnergies (TTE -0.41%) have stuck to their unique business playbooks. There's no reason to think that will change, and both high-yield oil stocks are just as attractive today as t ...

Chevron Corporation’s (CVX) CEO Mike Wirth openly criticized the Biden administration's recent decisions related to the natural gas sector, particularly the halt on new liquefied natural gas (“LNG”) export licenses. Speaking at the GasTech conference in Houston, Wirth argued that this pause will lead to higher energy costs, disrupt supplies for U.S. allies and inadvertently increase emissions by delaying the shift from coal to natural gas. Risks to Economic Prosperity From LNG Export PolicyWirth contended t ...

Energy major Chevron Corporation (CVX) emerged as August’s most shorted large-cap stock in the United States ahead of Tesla (TSLA) , according to Hazeltree’s Shortside Crowdedness Report.Report: Shorting Chevron Stock Surges $200 millionThe report, which compiles data from approximately 700 asset management funds globally, revealed that the total value of Chevron's stock used for shorting surged by more than $200 million last month.Short selling occurs when a trader sells shares they don't own, hoping that ...

Chevron Corporation’s (CVX) subsidiary, Chevron U.S.A. Inc., through its unit Chevron Shipping Company LLC, has partnered with Mitsui O.S.K. Lines, Ltd., Tokyo-based Japanese transport company, to launch a groundbreaking venture aimed at revolutionizing the shipping industry. This collaboration focuses on installing the Wind Challenger, a hard sail wind-assisted ship propulsion system developed by Mitsui and Oshima Shipbuilding, on a newly constructed LNG carrier.This partnership is part of CVX's broader mi ...

At its 52-week low, Chevron is an incredible stock to buy to earn steady and growing dividend income.Chevron (CVX 0.96%) is the second-largest publicly listed oil and gas producer in the U.S. today in terms of market capitalization, right behind ExxonMobil. It was founded in 1879 but expanded its asset base rapidly in recent decades across upstream and downstream energy, as well as chemicals, and hugely fortified its financial standing.Thanks to its financial flexibility and prudent capital allocation, Chev ...

The Oil/Energy market has been roiled by concerns over a slowdown in global economic activity, particularly the decline in fuel demand in China. The space has seen a brutal sell-off, with the Energy Select Sector SPDR — a key indicator of the largest U.S. energy companies — dropping 5.7% over the past month. Alongside the decline in crude oil prices, shares of major energy companies have plunged, with the likes of Chevron (CVX) , APA Corporation (APA) , and ConocoPhillips (COP) , among others, hitting new 5 ...

Stable demand in the energy sector makes it a great hunting ground for high-yield dividend stocks.Everyone loves a stock that pays a huge dividend, but finding one you can trust is not always easy. After all, what good is a high dividend yield if the company cuts the payout?Fortunately, there is hope. The energy industry can be a great place to look for big-time dividend stocks. Energy is the foundation of society; it's everywhere, whether used for transportation, heating your home, or manufacturing the goo ...

JHVEPhoto CVX stock: previous thesis and new developments Previously, I wrote an article about Chevron Corporation (NYSE:CVX) stock on May 8, 2024. The article was entitled "Chevron Stock's EPS Growth Potential Can Surprise Market" and assigned a buy rating to the stock. In the article, I argued: The market is significantly undervaluing CVX due to its strong EPS growth potential. My estimates show that every $1 increase in oil prices could boost Chevron's EPS by approximately $0.33, and I see a good chance ...

Chevron Corporation (CVX) has submitted an updated development plan to the government of Cyprus for the Aphrodite gas field located in the Mediterranean Sea. The company had initially submitted the details of the plan in July 2022. A few months later, it planned to proceed with an investment of $192 million to cover the project’s expenses. In May 2023, CVX had submitted an updated development plan, which was rejected by the government in August 2023.Details of CVX’s Revised Development PlanThe company has s ...