Chevron(CVX) ZACKS·2025-01-20 12:11Chevron and Brightmark RNG Projects - Chevron Corporation (CVX) and Brightmark Fund Holdings joint venture, Brightmark RNG Holdings LLC, has achieved a major milestone by delivering the first gas at 10 renewable natural gas (RNG) projects across the Midwest [1] - Brightmark RNG Holdings now owns and operates 15 RNG projects in the Midwest, making it one of the leading dairy RNG providers in the United States [1] RNG Technology and Environmental Impact - Brightmark's RNG projects use anaerobic digestion technology to convert organic waste from farms into RNG, capturing harmful methane emissions and providing renewable energy for transportation fuel [2] - These projects have reduced more than 1.2 million tons of CO₂eq emissions, equivalent to planting nearly 20 million trees and nurturing them for a decade [2] Economic and Community Benefits - RNG projects help reduce methane emissions, contributing to economic development in local communities and creating new opportunities for transport, industry, and consumers [3] - Farm owners benefit from reduced waste, additional revenues, and lower carbon intensity through the implementation of these projects [3] Chevron's Market Position - Chevron is one of the largest publicly traded oil and gas companies globally, with operations spanning almost every corner of the world [4] - Currently, CVX has a Zacks Rank 3 (Hold) [4] Top Energy Sector Stocks - Investors interested in the energy sector might consider top-ranked stocks like ARC Resources Ltd (AETUF), Gulfport Energy Corporation (GPOR), and YPF Sociedad Anónima (YPF), all of which currently sport a Zacks Rank 1 (Strong Buy) [5] - ARC Resources has an expected EPS growth rate of 50.78% for next year, significantly higher than the industry growth rate of 10.50% [6] - Gulfport Energy's 2024 earnings are expected to grow by 108.53% year-over-year [6] - YPF Sociedad Anónima's 2024 earnings are expected to grow by 50.59% year-over-year [7]