Core Viewpoint - Warren Buffett has been a net seller of stocks for seven consecutive quarters, with significant sales in Q2 2024, yet Chevron remains a strong pick for income investors due to its high dividend yield and consistent performance [1][5]. Group 1: Stock Sales by Berkshire Hathaway - In Q2 2024, Berkshire Hathaway sold nearly half of its position in Apple, which remains its largest holding [2]. - The company also reduced its stakes in Bank of America and Capital One Financial, selling 21% of its Capital One shares [2]. - Other notable sales included a 3.6% reduction in Chevron, and complete exits from Paramount Global and Snowflake [2]. Group 2: Dividend Stocks Overview - Several stocks sold by Berkshire do not pay dividends, including Floor & Decor, Liberty Media, and Snowflake [3]. - Apple has a low forward dividend yield of 0.44%, while Louisiana-Pacific's yield is 0.97% [3]. - Capital One Financial offers a forward dividend yield of 1.63%, with T-Mobile US and Paramount Global yielding 1.73% and 1.89%, respectively [3]. Group 3: Chevron's Investment Appeal - Chevron offers a forward dividend yield of 4.58% and has increased its dividend for 37 consecutive years, making it attractive for income investors [5][6]. - The company is expected to benefit from lower interest rates and ongoing tensions in the Middle East, which may keep oil prices elevated [5]. - Chevron's pending acquisition of Hess is anticipated to enhance its portfolio and increase cash flow, further supporting dividend distributions [6].

Washington, D.C., Sept. 27, 2024 (GLOBE NEWSWIRE) -- The New Civil Liberties Alliance has filed a Supplemental Brief urging the court to vacate the Industry-Funded Monitoring (IFM) Omnibus Amendment, issued by the New England Fishery Management Council (NEFMC) and applied to nearly all fisheries in the region. Implemented by the National Oceanic and Atmospheric Administration’s (NOAA) February 2020 Final Rule, the Herring Rule is just the first of many industry-funded monitoring programs. To enforce the Ame ...

Chevron and Devon Energy can still thrive at $70 oil.Oil prices have slumped in recent months. West Texas Intermediate, the primary U.S. oil price benchmark, was recently around $70 a barrel. That's well below its peak of over $85 a barrel a few months ago because of healthy supplies amid demand concerns from a potential slowdown in the global economy. While falling oil prices will affect oil company profits, several producers are well equipped to handle lower prices. Chevron (CVX -1.38%) and Devon Energy ( ...

It has been a week since both oil and natural gas prices have moved up.The headlines revolved around energy supermajor Chevron’s (CVX) plans on LNG investment and Equinor’s (EQNR) pullout of the blue hydrogen project in its native Norway. Developments associated with SLB (SLB) , TechnipFMC (FTI) and Chesapeake Energy (CHK) also grabbed attention.Overall, it was a bullish seven-day period for the sector. West Texas Intermediate (WTI) crude futures rose around 4.7% to close at $71.92 per barrel, while natural ...

The Oil/Energy market has been roiled by concerns over a slowdown in global economic activity, particularly the decline in fuel demand in China. Both the U.S. and the global benchmark prices recently fell to their lowest levels in more than two years.  Sustained volatility, combined with potential OPEC+ production increases, threatens to strain energy companies’ revenues and margins in the coming quarters, creating a challenging outlook for the operators.Given the current state of affairs in the energy sect ...

In a significant step toward decarbonization and reducing methane slip, Chevron Shipping Company LLC, a subsidiary of Chevron Corporation (CVX) , has associated with a global leader in LNG technology, Wärtsilä Oyj Abp (WRTBY) , to convert one dual-fuel engine to spark-gas operated in six of its LNG carriers. This conversion will greatly reduce greenhouse gas emissions, leading to a low-carbon future and a better environment.Importance of Converting the Engines to Spark Gas OperatedAlthough methane, which es ...

Chevron Corporation (CVX) has taken a decisive step in its energy strategy by choosing not to invest in a U.S. liquefied natural gas (LNG) plant. Instead, the company is shifting its focus toward selling gas directly to the market, taking full advantage of the United States’ expansive midstream market. This strategic choice, which reflects the company's long-term goals in natural gas monetization without the need for LNG conversion infrastructure, is significant for CVX and the LNG sector as a whole. Chevro ...

Core Viewpoint - The article highlights that certain companies in the energy sector, specifically Chevron, Plains All American Pipeline, and Enterprise Products Partners, are well-positioned to withstand fluctuations in oil prices and continue to generate stable income and dividends regardless of market conditions [1]. Chevron - Chevron has a low debt-to-equity ratio of 0.15, the lowest among its peers, allowing it to manage its finances effectively during oil price volatility [2]. - The company has increased its dividend for 37 consecutive years, demonstrating its commitment to returning value to shareholders [3]. - Chevron's strategy includes reducing leverage when oil prices recover, positioning it as a reliable option for income investors with a current yield of 4.5% [3]. Plains All American Pipeline - Plains All American Pipeline operates a vast network of oil pipelines and storage, primarily earning fees from the flow of crude oil and natural gas liquids, making its cash flows less sensitive to falling oil prices [4]. - The company expects to generate over $2.7 billion in adjusted EBITDA this year, with an increase in its guidance range by $75 million due to strong performance [4]. - Plains anticipates producing about $1.6 billion in adjusted free cash flow, with plans to distribute nearly $1.2 billion to investors, yielding over 7% [5]. - The company aims to increase its cash distribution by $0.15 per unit annually after 2024, following a 23% raise earlier this year [5]. Enterprise Products Partners - Enterprise Products Partners has increased its dividend for 26 consecutive years, even during challenging market conditions, showcasing its resilience [6]. - The company generates stable cash flows through long-term contracts and adjusts capital spending based on market conditions to maintain cash flow [7]. - With projects worth nearly $6.7 billion under construction and a strong balance sheet, Enterprise Products Partners offers a yield of 7.2%, positioning it well for future profitability [8].

2024 has been a strong market year, with most high-performing sectors continuing to rise and interest-rate sensitive segments like REITs and utilities rebounding on a lower rate outlook. The worst-performing sector year-to-date is Energy, with The EnergyHarrison is a financial analyst who has been writing on Seeking Alpha since 2018 and has closely followed the market for over a decade. He has professional experience in the private equity, real estate, and economic research industry. Harrison also has an ac ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .I sometimes jokingly say that I have a "win-win" strategy. When my stocks go up, I win - this one is obvious. When my stocks go down, I get to buy great companies at great prices - I win again.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any ...