Chevron Stock News

Warren Buffett's company, Berkshire Hathaway (BRK.A -0.13%) (BRK.B -0.06%), owns nearly 50 stocks. Of those that trade on U.S. stock exchanges, 10 stocks have dividend yields that are at least double the S&P 500's level of 1.2%.

Who wouldn't be interested in some Warren Buffett stocks to consider for their portfolio? After all, Buffett's investing chops have not been exaggerated.

Chevron (CVX 1.69%) has delivered a relatively mediocre return over the past year. Shares of the oil giant are up less than 5%, which is underwhelming compared to the nearly 15% gain of the S&P 500 (^GSPC 1.52%).

Even the best-run energy companies can't avoid the impact that oil and natural gas prices have on the top and bottom lines. But they can take steps to mitigate the impact of commodity volatility and to ensure they have the financial wherewithal to survive the industry's frequent swings.

If you are looking at the energy sector and trying to find an attractive dividend stock, you'll probably find both Chevron (CVX 1.50%) and Enbridge (ENB 0.02%) on your radar screen. That makes total sense, as both have large yields and each one is an industry-leading business.

Two tankers chartered by producer Chevron carrying Venezuelan crude reached U.S. waters on Thursday, marking the first U.S. imports of the South American country's oil following a new license granted by Washington last month, vessel tracking data showed.

The recent decision by the OPEC+ nations to increase oil production is amplifying concerns about an oversupplied market. Adding to that belief is the growing hope that a peace deal, or at least a ceasefire, will be reached between Russia and Ukraine.

The S&P 500 (^GSPC -0.24%) and Nasdaq Composite (^IXIC -0.67%) are hovering around all-time highs and are up 106.6% and 68%, respectively, from the start of 2023 through Aug. 15. But investors who feel the broader indexes are running hot don't have to overhaul their portfolios based on emotion.