Prediction: Chevron Will Soar Over the Next 2 Years. Here's 1 Reason Why.
Group 1 - Chevron's stock has underperformed over the past three years, while other energy stocks, including ExxonMobil, have seen significant gains [1][2] - The uncertainty surrounding Chevron's pending acquisition of Hess, valued at $53 billion, has contributed to its stock stagnation [2][3] - The acquisition of Hess is expected to enhance Chevron's U.S. onshore position and operations in the Gulf of Mexico and Southeast Asia, making it a strategic fit [4] Group 2 - Closing the Hess deal could enable Chevron to more than double its free cash flow by 2027, driven by growth from both its existing operations and Hess' cash flow [5]