Chevron Stock News

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.

I already own several energy stocks, including Chevron (CVX -0.91%), Enterprise Products Partners (EPD 0.21%), and EQT Corp. (EQT 0.08%). However, I've had my eye on this trio all year.

Iraq signed an agreement in principle with U.S.' Chevron for the Nassiriya project that consists of four exploration blocks in addition to the development of other producing oil fields, Iraq's prime minister said on Tuesday.

Berkshire Hathaway increased its Chevron stake in Q2 while trimming other top holdings, signaling strong institutional confidence. The confidence is well placed given the growth catalysts afoot at Chevron. The completion of the Hess acquisition as announced in its Q2 earnings report will boost long-term growth and free cash flow generation.