Chevron (NYSE: CVX) has entered exclusive talks with the government of Iraq to take control of the massive West Qurna 2 oilfield. The Middle Eastern country nationalized the oilfield last month after the U.S. imposed sanctions on Lukoil to put more pressure on Russia to end its war with Ukraine. The talks could lead to Chevron getting a new contract to operate the oilfield. Here are two key takeaways for oil stock investors. Where to invest $1,000 right now? Our analyst team just revealed what they believ ...

Reserves and Production - Chevron's proved reserves at year-end 2025 were approximately 10.6 billion barrels of oil-equivalent (BOE), an increase of 8% compared to 2024[29]. - The largest additions to reserves were attributed to the acquisition of Hess Corporation and extensions and discoveries in shale and tight assets in the Permian Basin, along with project approvals in Australia and Guyana[29]. - At December 31, 2025, 43% of Chevron's net proved oil-equivalent reserves were located in the United States, 15% in Australia, and 11% in Kazakhstan[29]. - Total proved reserves of crude oil, condensate, and synthetic oil decreased from 4,777 million barrels in 2023 to 4,369 million barrels in 2025, a decline of approximately 8.5%[30]. - Average worldwide oil-equivalent production is projected to increase by 7% to 10% in 2026 compared to 2025, assuming a Brent crude oil price of $60 per barrel[33]. - Net production of crude oil, natural gas liquids, and natural gas reached 3.7 million barrels per day in 2025, representing a 12% increase from 2024, driven by the acquisition of Hess and record production in the Permian Basin[36]. - The total oil-equivalent production in 2025 included 1,429 thousand barrels per day of crude oil and 7,838 million cubic feet per day of natural gas[37]. - The total consolidated production for 2025 is projected to be 3,185 MBD of oil-equivalent, an increase from 2,925 MBD in 2024[37]. - The company has increased its production in Guyana, with 120 MBD in 2025 compared to no production in 2024[37]. - The company has a total of 472 MBD of production in Australia for 2025, slightly down from 479 MBD in 2024[37]. - The company has a total of 229 MBD of production in Africa for 2025, down from 267 MBD in 2024[37]. Workforce and Culture - Chevron's workforce consisted of 43,039 employees as of December 31, 2025, with 29% female representation[22]. - The company is focused on creating a diverse and inclusive work environment, rejecting quotas and making selection decisions based on merit[24]. - Chevron's total non-service station employees numbered 37,860, with 27% female representation and 73% male representation as of December 31, 2025[22]. - The company emphasizes the importance of operational excellence and employee safety, allowing employees to exercise stop-work authority to address unsafe conditions[25]. - Chevron aims to maintain a strong safety culture and environmental stewardship, with a focus on minimizing the impact of potential spills or leaks[169]. Strategic Direction and Goals - Chevron aims to safely deliver higher returns and lower carbon energy, leveraging its capabilities and partnerships to grow its oil and gas business[17]. - The company’s strategy focuses on delivering lower carbon energy while aiming for higher returns and superior shareholder value[17]. - Chevron's strategic direction includes lowering the carbon intensity of operations and expanding into new energy businesses[17]. - The company is investing in new energy solutions, including hydrogen and carbon capture technologies, to lower carbon intensity and create competitive returns[168]. Financial Overview - Chevron's financial condition and results of operations are discussed in detail in the Management's Discussion and Analysis section of the report[16]. - Chevron's average production cost per oil-equivalent barrel for 2025 is detailed in the financial statements, reflecting operational efficiency[31]. Exploration and Development - Chevron completed 1,059 productive wells in 2025, an increase from 804 in 2024[43]. - The company has a total of 386 wells drilling as of December 31, 2025, with 300 in the United States[43]. - Chevron's acquisition of Hess in 2025 expanded its pipeline infrastructure, enhancing its operational capabilities in the U.S.[158]. - Chevron was the apparent high bidder on 24 exploration blocks in the Gulf of America Big Beautiful Gulf 1 Lease Sale[70]. - Chevron secured nine additional offshore exploration blocks in Brazil, opening a new exploration frontier for the company[77]. - Chevron has a 30% nonoperated interest in the Stabroek Block, covering approximately 6.6 million acres, with an expected production capacity of 1.7 million gross barrels of oil per day by 2030[81]. - The One Guyana FPSO achieved first production in August 2025, with a capacity of approximately 250,000 gross barrels of oil per day, marking the fourth FPSO on the Stabroek Block[81]. - The Uaru development, sanctioned in April 2023, will utilize the Errea Wittu FPSO with a production capacity of approximately 250,000 gross barrels of oil per day, with first production expected in 2026[82]. - In 2025, Chevron was awarded a 90% working interest in exploration Blocks 5B and 6B offshore Guinea-Bissau[102]. Production Facilities and Capacity - Chevron's refining network had a capacity of 1.8 million barrels per day, with an average crude unit distillation capacity utilization of 92.9%[139]. - The expansion of the Pasadena Refinery became fully operational in 2025, increasing light crude oil throughput capacity to 125,000 barrels per day[141]. - Chevron's Gorgon LNG facility has a capacity of 15.6 million metric tons per year, with first gas from the Jansz-Io Compression project expected in 2028[128]. - In 2025, Chevron's Wheatstone LNG facility marked its 1,000th shipment since its commencement in 2017, with a capacity of 8.9 million metric tons per year[129]. - Chevron's Escravos Gas Plant in Nigeria has a total processing capacity of 680 million cubic feet per day of natural gas[109]. Environmental and Technological Initiatives - Chevron's Technology, Projects and Execution (TPE) organization focuses on innovation and operational excellence, supporting the delivery of cleaner energy solutions and holding over 4,000 patents[161][164]. - Chevron's marine fleet upgrades in 2025 included enhancements to four LNG vessels aimed at reducing emissions[160]. - Chevron's collaboration with startups and universities through Chevron Technology Ventures has supported over 140 startups in energy innovation[165]. - Chevron Phillips Chemical Company (CPChem) is constructing two major integrated polymer projects, with expected start-up in the first half of 2027, including the Golden Triangle Polymers Project in Texas and the Ras Laffan Petrochemical Project in Qatar[156]. - CPChem completed the Low Viscosity Poly Alpha Olefin Expansion Project in Belgium in 2025, enhancing its production capabilities[156].

Chevron sells Venezuelan oil to India's Reliance for the first time since 2023, ship data and sources say | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]The Chevron logo is pictured in Caracas, Venezuela, December 2, 2022. REUTERS/Gaby Oraa/File Photo [Purchase Licensing Rights, opens new tab]- Companies[Chevron Corp]Follow[Reliance Industries Ltd]FollowHOUSTON, Feb 24 (Reuters) - U.S. oil major Chevron [(CVX.N), opens new tab] ha ...

I'm Susan Javinsky, co-host of the Morning Filter podcast. Berkshire Hathaway published its latest 13F report last week, covering the firm's buys and sells during the fourth quarter of 2025. Notably, the new 13F covers the final quarter with Warren Buffett as CEO.Berkshire Hathaway bought more of three stocks that Morning Stars analysts cover. Today, we'll take a look at those three stocks and share which one looks like a stock to buy from Morning Star's perspective. Bergkshire added to its position in Chev ...

Valued at a market cap of $370.3 billion, Chevron Corporation (CVX) is a fully integrated oil and gas company based in Houston, Texas. It explores and produces crude oil and natural gas, refines and markets petroleum products, and transports energy resources. Companies valued at $200 billion or more are typically classified as “mega-cap stocks,” and CVX fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the oil & gas integrated in ...

Chart created using Benzinga ProExxon is up about 25% over the same period, while Chevron has gained about nearly 21% — strong moves, but nowhere near Kosmos' vertical climb.Oil's Biggest Winner Isn't Who Investors ExpectKosmos' outperformance is even more striking in recent weeks. The stock has surged 62.20% over the past month alone, dramatically outpacing Exxon's 11.81% gain and Chevron's 10.39% rise over the same period.The move highlights how smaller upstream producers like Kosmos can act as leveraged ...

We recently published 10 Stocks Jim Cramer Talked About.  Chevron Corporation (NYSE:CVX) is one of the stocks Jim Cramer talked about. Chevron Corporation (NYSE:CVX) is one of the largest oil companies in the world. Its shares are up by a modest 16.8% over the past year and by a stronger 18% year-to-date. Some of the gains in the stock have been due to US actions in Venezuela, which led Cramer to advise caution and recommend oil and gas drilling equipment providers instead. Melius Research discussed Chevr ...

These stocks have plenty of fuel to continue growing their dividends.The energy sector can be a great source of durable dividend income. Many companies have long histories of increasing their dividends. Meanwhile, energy demand, especially for clean energy, will continue to grow for decades to come. Clearway Energy (CWENA +1.38%)(CWEN +0.96%), Chevron (CVX +0.49%), and Kinder Morgan (KMI 0.08%) currently offer attractive dividends that should continue growing in the decades ahead. That makes them great ener ...

Report Summary 1. Report's Industry Investment Rating No relevant information provided. 2. Core Viewpoints - Global financial markets are affected by multiple factors including geopolitical tensions, tariff policies, and corporate earnings, leading to significant fluctuations in various asset classes. For example, the US stock market declined due to Trump's tariff plan and EU's suspension of the trade - agreement approval, while the precious metals market rose due to increased risk - aversion [5][6]. - The energy market is influenced by the Iran - US nuclear negotiation, with expectations of increased Iranian oil supply putting downward pressure on oil prices [7]. 3. Summary by Directory Overnight Night - Market Trends - **Stock Markets**: US major indices (Dow, S&P 500, Nasdaq) fell, with IBM and American Express leading the decline. European indices (DAX, CAC40, FTSE 100) also closed lower. The reasons include Trump's tariff plan and EU's suspension of trade - agreement approval [5]. - **Precious Metals**: COMEX gold and silver futures rose due to increased risk - aversion from geopolitical tensions, tariff policy changes, and other factors [6]. - **Energy**: US crude oil and Brent oil futures fell as the Iran - US nuclear negotiation showed signs of progress, increasing the expectation of more Iranian oil supply [7]. - **Base Metals**: Most London base metals declined, except for LME tin which rose [7]. Important News Macro News - Shanghai Export Container Settlement Freight Index for European routes dropped 2.1%. The US will stop collecting certain illegal tariffs. There is still a risk of US military strikes against Iran. India postponed a trade delegation plan. China is assessing the impact of US tariff rulings and urges the US to cancel unilateral tariffs. The EU suspended the approval of a trade agreement with the US. The Trump administration is considering new "national security tariffs" [9][11]. Energy Futures - Saudi Aramco sold condensate oil. Methanol supply in Southeast Asia is restricted due to planned maintenance. Goldman Sachs and Morgan Stanley have different forecasts for oil prices, with Goldman Sachs raising price forecasts for Q4 2026 and 2027, and Morgan Stanley expecting a short - term increase followed by a decline [14][16][18]. Metal Futures - The US energy storage market is expected to grow 21%. Lebanon may sell part of its gold reserves. UBS is positive on gold, with a target price of $6200/ounce [20][21]. Black - Series Futures - China's iron ore arrivals decreased, but global iron ore shipments increased. Vietnam plans to build a large - scale steel plant. The blast furnace capacity utilization rate of Chinese pig - iron enterprises decreased, and inventory increased [23][25]. Agricultural Products Futures - Malaysian palm oil production and exports decreased in February. Argentina's soybean moisture conditions improved, and the production forecast remains unchanged [27][28]. Financial Markets Financial - 143 companies have submitted IPO applications in the Hong Kong stock market in 2026. Deloitte predicts a better performance in the Hong Kong IPO market this year [30]. Industry - Payment transactions on Chinese New Year's Eve increased. The real - estate market may show more stabilization signals. China's AI governance system is maturing [31]. Overseas - The US may adjust tariff application methods and continue steel - aluminum tariffs. The Fed has about 75 basis - points to reach the neutral rate. India plans to invest $200 billion in AI. The Australian central bank may tighten policy. UK unemployment reached a new high [32][34][35]. International Stock Markets - US and European stock markets rose, while the Japanese market fell. High - end companies made significant stock - position adjustments. The UK may adjust accounting rules to attract Chinese companies. Australia simplifies corporate governance rules. Some companies announced major transactions or reported good earnings [36][38][41]. Commodities - Precious metals, oil, and most base metals futures fell due to factors such as progress in the Iran - US nuclear negotiation and reduced risk - aversion [43]. Bonds - US Treasury yields had mixed changes. Japanese bonds rose, and the 2029 fiscal - year bond issuance may increase [45]. Foreign Exchange - The US dollar index rose slightly, and most non - US currencies fell [46]. Upcoming Economic Data and Events - **Economic Data**: Include Japan's trade balance, UK's inflation and housing - price index, US's new - home construction, and other data [48]. - **Events**: New Zealand's central - bank rate decision, European Central Bank officials' speeches, and the Fed's release of meeting minutes [50]. - **Market Closures**: Chinese, South Korean, and Vietnamese stock markets are closed due to the Spring Festival [52].

Management highlighted strong franchisee economics and ongoing digital investments as key drivers. New menu innovations, including stuffed-crust pizza offerings, and loyalty program enhancements aim to keep traffic steady and boost repeat orders. Despite inflationary pressures, disciplined cost controls helped margins remain stable.In Q3 fiscal 2025, Domino’s delivered revenue of $1.14 billion, up 6.2% year-over-year (YoY). Net income reached $139.3 million, translating to earnings per share of $4.08. Even ...