Chevron's Free Cash Flow Push: Will $8B Growth Justify a Hold?

Chevron Corporation (CVX) aims to achieve $6-$8 billion in free cash flow growth next year, fueled by strategic initiatives and operational enhancements. Key drivers include robust expansion in the Gulf of Mexico, the integration of Hess Corporation’s (HES) assets, and ongoing cost optimization efforts. Despite these positives, Chevron's stock has underperformed compared to ExxonMobil (XOM) (CVX) and the broader Oil/Energy sector over the past year. Coupled with declining earnings estimates for 2024 and 202 ...