Chevron
Search documents
Truth Social parent explores spinning off social media platform
Reuters· 2026-02-27 19:10
Truth Social parent explores spinning off social media platform | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A 3D printed miniature of U.S. President Donald Trump and the Truth Social logo are seen in this illustration created on June 22, 2025. REUTERS/Dado Ruvic/Illustration/File Photo [Purchase Licensing Rights, opens new tab]Feb 27 (Reuters) - Trump Media & Technology Group [(DJT.O), opens new tab] said on Friday it is in dis ...
Is the Warren Buffett Correction Coming? Buy His 4 Safest Dividend Stocks Now
247Wallst· 2026-02-27 16:09
Core Viewpoint - The article discusses the potential for a market correction following three years of double-digit gains, suggesting that investors should consider buying four of Warren Buffett's safest dividend stocks as a defensive strategy against an overvalued market [1]. Group 1: Market Overview - The stock market has experienced three consecutive years of double-digit gains, leading to speculation about an impending correction [1]. - Berkshire Hathaway has been a net seller of stocks for 12 consecutive quarters, indicating a cautious stance on the market's valuation [1]. - Warren Buffett's cash reserves have increased to between $354 billion and $381 billion, reflecting his belief that the market is overvalued [1]. Group 2: Berkshire Hathaway's Leadership Transition - Warren Buffett stepped down as CEO of Berkshire Hathaway on December 31, 2025, after leading the company for over six decades [1]. - Greg Abel has taken over as CEO, with Buffett remaining as chairman and continuing to influence investment decisions [1]. - More than 65% of Berkshire's portfolio is concentrated in just six stocks, highlighting a focused investment strategy [1]. Group 3: Recommended Stocks - **Chevron Corporation**: A major player in the energy sector with a 3.71% dividend, recently raised by 4.1%. Berkshire owns 130 million shares, representing 6.6% of the float [1]. - **The Coca-Cola Company**: A long-time holding of Buffett, with a 2.54% dividend and a stock price increase of 17.1% in 2025. Berkshire holds 400 million shares, accounting for 9.3% of the float [2]. - **Domino's Pizza**: A multinational pizza chain with a 1.72% dividend. Berkshire owns 9.9% of the float, and the stock is rated with a target price of $510 [2]. - **Kroger**: A grocery chain with a 1.98% dividend, representing a conservative investment. Berkshire holds 7.9% of the float [2].
Got $10,000? Put It in These Dividend ETFs Now
247Wallst· 2026-02-27 14:12
Core Insights - The article emphasizes the potential of investing in dividend ETFs as a strategy for generating income and growing a portfolio over time [1] Group 1: Dividend ETFs Overview - The State Street SPDR S&P Dividend ETF (SDY) has 155 high-quality holdings and offers a 2.35% annual yield, focusing on companies that have consistently increased dividends for at least 20 years [1] - The Vanguard High Dividend Yield ETF (VYM) features a low expense ratio of 0.04% and a 2.33% dividend yield, with a diverse holdings list of 562 companies, including major market players [1] - The iShares International Select Dividend ETF (IDV) provides a 4.63% dividend yield with a focus on established international companies, despite a higher expense ratio of 0.5% [1][2] Group 2: Performance Metrics - The SDY ETF's share price has increased by 40% over the past five years, indicating strong growth potential alongside its dividend yield [1] - The VYM ETF has seen a remarkable 63% increase in share price over the last five years, excluding dividend payments [1] - The IDV ETF's share price has grown by 42% in the past five years, showcasing its potential for both dividend income and capital appreciation [2]
Chevron Corporation (CVX): Our Calculation of Intrinsic Value
Acquirersmultiple· 2026-02-26 23:55
Each week we run a DCF (Discounted Cash Flow) model on a company from our watchlist. This week’s pick: Chevron Corporation (CVX).ProfileChevron is a globally integrated energy company spanning upstream oil and gas exploration, production, refining, chemicals, LNG infrastructure, and emerging lower-carbon energy investments. Its revenue base is primarily commodity-driven, with upstream earnings leveraged to crude oil and natural gas prices while downstream refining and chemicals provide partial cyclical bala ...
Chevron Unusual Options Activity - Chevron (NYSE:CVX)
Benzinga· 2026-02-25 15:00
Financial giants have made a conspicuous bullish move on Chevron. Our analysis of options history for Chevron (NYSE:CVX) revealed 8 unusual trades.Delving into the details, we found 37% of traders were bullish, while 0% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $323,680, and 3 were calls, valued at $367,240.Projected Price TargetsAfter evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band betwe ...
Iraq's West Qurna 2 oilfield poised for output surge with Chevron, minister says
Reuters· 2026-02-25 10:05
Core Viewpoint - Iraq's West Qurna 2 oilfield is set to nearly double its output to 800,000 barrels per day (bpd) as Chevron enters exclusive negotiations to take over operations from Lukoil, enhancing Iraq's oil production capacity and aligning it more closely with Western energy interests [1]. Group 1: Chevron's Involvement - Chevron has secured one-year exclusive rights to negotiate the takeover of West Qurna 2, which could increase output to between 750,000 and 800,000 bpd [1]. - The deal would significantly expand Chevron's operations in Iraq, giving it control of one of the world's largest oilfields, which contributes nearly 10% of Iraq's production and about 0.5% of global supply [1]. Group 2: Iraq's Oil Production Goals - Iraq aims to boost its oil production capacity to over 6 million bpd by 2029, having frequently produced above its OPEC+ targets [1]. - The agreement with Chevron is part of a broader strategy to attract international oil majors, following similar agreements with Exxon, BP, and TotalEnergies, by offering more favorable terms [1]. Group 3: Geopolitical Implications - The Chevron deal may strengthen relations between Baghdad and Washington, especially as it replaces a sanctioned Russian firm, Lukoil, amid ongoing geopolitical tensions related to the war in Ukraine [1]. - Iraq's previous operator, Lukoil, faced sanctions that led to its removal from the West Qurna 2 project, with the field temporarily managed by the state-run Basra Oil Company [1].
SK Hynix to invest $15 billion in new semiconductor facilities in South Korea
Reuters· 2026-02-25 10:05
Group 1 - SK Hynix plans to invest 21.6 trillion won ($15.07 billion) in new semiconductor production lines in Yongin, South Korea by 2030 to address increasing semiconductor demand [1][1][1] - The investment reflects the company's strategy to expand its manufacturing capabilities in response to the growing global demand for chips [1][1][1]
Chevron: Forming A Strong Partner With Hess
Seeking Alpha· 2026-02-24 22:44
Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.Chevron Corporation (NYSE: CVX ) is a large integrated oil company worth almost $360 billion. The company is working to integrate its acquisition of Hess ...
Chevron(CVX) - 2025 Q4 - Annual Report
2026-02-24 20:03
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
Reuters· 2026-02-24 19:37
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 ...