Chevron Stock News

Many investors are tired of hearing market analysts make statements about “buying the dip.” But at the risk of sounding hyperbolic, many stocks are setting up as generational buying opportunities.

Warren Buffett is known to most of us for his amazing investing record. He has increased the value of his company, Berkshire Hathaway, by an annual average of nearly 20% over close to 60 years!

The market is volatile right now, but that doesn't mean you should run and hide. The key is to stick with well-run companies and to own them for the long term.

Some tankers Chevron had chartered to move crude from Venezuela to the United States this month are now being marketed for spot contracts elsewhere, sources said, after state company PDVSA canceled loading permits and ordered the firm to return cargoes amid payment uncertainty related to sanctions.

Investors wake up to market volatility every day amid the unfriendly political environment.

Occidental Petroleum (OXY 2.41%) has a big-name shareholder in the form of Warren Buffett's Berkshire Hathaway. That has put the company onto the radar of investors that follow the so-called Oracle of Omaha's every move (which includes most of Wall Street).

Investors concerned about relatively weak oil prices got a boost Tuesday from comments by Chevron (CVX 2.56%) CEO Mike Wirth. Making rather bullish statements about both the energy business and the broader macroeconomy, the Chevron leader managed to reassure investors about the company's current state.

Chevron CEO Mike Wirth said the oil major is not seeing any signs that a recession is imminent. But oil prices at $60 per barrel or lower will impact production in the Permian Basin, Wirth said.