The Latest Breaking News from CVX

Although oil prices have stayed within a limited range because of worries over diminished demand from China and sluggish global economic expansion, the energy sector is primed for expansion owing to possible price hikes resulting from supply limitations. Given this backdrop, let's analyze if it's time to invest in energy…

Warren Buffett added to his Occidental Petroleum holdings.

Exxon Mobil and Chevron have outlined cautious spending plans for 2024, with Exxon leaning on acquired output to maintain growth.

Volatility is back down at very low levels, with the VIX Index closing at 12.63 yesterday. When volatility is low, options become cheaper, so today we’re taking a look at the Long Straddle Screener.

Chevron is a bargain given that its forward P/E multiple is 10.2x, and the company is likely going to hike its dividend next month, giving it a forward 4.45% yield. Shorting puts is a play here.

The maximum profit would occur if Chevron stock closed right at 155 on Dec. 15.

Chevron stock looks cheap based on its 4.2% dividend yield, and its low 10x price-to-earnings multiple. These are also below their historical averages. One play for this is a short-put trade.

Chevron stock was handed a slew of price target revisions this week after earnings and its deal for Hess.

Exxon Mobil stock has edged down since it announced the deal for Pioneer Natural Resources. Meanwhile, CVX has also dropped after agreeing to acquire Hess.