Chevron에 대한 매도 수량은 투자자에게 Chevron의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Chevron (NYSE:CVX) 주식, 공매도 수량 보고

Chevron

Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.

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미국의 에너지 대기업들의 주가가 급등하며 2년 만에 가장 강력한 성과를 기록했다. 이는 이란과 이스라엘 간의 중동에서의 갈등 확대에 대한 우려로 원유 가격이 배럴당 75달러로 상승한 데 따른 것이다.

중동 긴장 고조로 美 에너지 주식은 2년 만에 가장 큰 주간 상승 기록, 엑슨 모빌 최고가 경신

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반도체 제조업체인 인텔(NASDAQ:INTC)은 기술 부문과 주요 주식 시장 지수에 비해 주가가 저조한 성과를 거두며 지난 몇 년간 힘든 시간을 보냈다. 또한 이 주식은 25년 전 다우존스 산업평균 지수에 합류한 이후 실적이 저조했다.

인텔 주식은 1999년 다우존스 지수에 편입 - 이후 주식의 성과는?

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전설적인 투자자 워런 버핏은 보유 애플(NASDAQ:AAPL) 지분의 상당한 감소를 포함하여 2분기에 버크셔 해서웨이(NYSE:BRK) (NYSE:BRK)의 상당한 주식 매각을 공개했다.

워런 버핏은 여전히 ​​애플 4억 주를 보유, 울타 뷰티와 하이코에 대한 새로운 투자 공개

Chevron Corp

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CHEVRON ORD

Shares of U.S. energy giants surged this week, marking the strongest performance in two years, as fears of a wider conflict in the Middle East between Iran and Israel drove oil prices <a href="https://www.benzinga.com/government/24/10/41172781/oil-prices-rally-biden-confirms-us-discussions-with-israel-about-striking-iran-facilities">to $75 per barrel. </a>
The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), which tracks 31 major U.S. energy companies, including giants like Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), recorded a remarkable 6.4% gain this week.
Investors poured nearly $300 million into the XLE ETF this week, the highest inflow since late July, according to Tradingview data.
Exxon Mobil, the largest U.S. oil company, reached a record high of $125 per share on Friday. The stock posted its sixth consecutive day of gains, ending the week up over 7%, marking its best performance since October 2022.
Oil prices continued their rally, with West Texas Intermediate (WTI) crude recording its fourth straight day of gains, hitting levels last seen in late August. The geopolitical tensions between Israel and Iran have sparked concerns over global oil supply disruptions.
<h3 class="wp-block-heading">Rising Middle East Tensions, Biden Calls For Measured Israeli Response</h3>
Israel promised a strong retaliation after Iran launched more than 180 ballistic missiles on Tuesday. While Israel&#8217;s air defense systems successfully intercepted most of the missiles, the attack further intensified the already heightened regional instability.
On Friday, President Joe Biden addressed the escalating crisis during a rare appearance at the White House daily press briefing. He mentioned Israel&#8217;s right to defend itself but said the country had not yet decided how it would respond to Iran&#8217;s ballistic missile strike.
Biden said he advised Israel against further escalating the conflict, suggesting that Israel might consider alternatives to targeting oil fields in its retaliation.
In his first public appearance since the attack, Iran's Supreme Leader Ayatollah Ali Khamenei defended the strike as &#8220;legitimate punishment&#8221; for what he called Israeli crimes and urged greater resistance against Israel in the region, Reuters reported.
Iran's deputy commander of the Islamic Revolutionary Guard Corps also issued a stark warning, stating that Iran could target Israeli oil refineries and gas fields if Israel chooses to strike Iranian territory.
<h3 class="wp-block-heading">This Week&#8217;s Top 10 Performing US Energy Stocks</h3>
U.S. energy stocks posted sharp gains, with the top performers this week including:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Price Chg. % (5D)</td>
<td>Market Cap</td>
</tr>
<tr>
<td>Diamondback Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NYSE">FANG</a>)</td>
<td>13.62%</td>
<td>$57.14B</td>
</tr>
<tr>
<td>APA Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APA#NYSE">APA</a>)</td>
<td>9.36%</td>
<td>$9.92B</td>
</tr>
<tr>
<td>The Williams Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMB#NYSE">WMB</a>)</td>
<td>9.04%</td>
<td>$60.02B</td>
</tr>
<tr>
<td>Marathon Oil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>)</td>
<td>8.44%</td>
<td>$16.06B</td>
</tr>
<tr>
<td>Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>)</td>
<td>8.35%</td>
<td>$51.71B</td>
</tr>
<tr>
<td>Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>)</td>
<td>8.25%</td>
<td>$27.38B</td>
</tr>
<tr>
<td>ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>)</td>
<td>8.19%</td>
<td>$131.57B</td>
</tr>
<tr>
<td>EOG Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EOG#NYSE">EOG</a>)</td>
<td>8.05%</td>
<td>$75.23B</td>
</tr>
<tr>
<td>Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>)</td>
<td>7.94%</td>
<td>$26.33B</td>
</tr>
<tr>
<td>Kinder Morgan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>)</td>
<td>7.82%</td>
<td>$52.15B</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41187740/blowout-september-jobs-report-spurs-reactions-6-economists-say-aggressive-fed-rat">&#8216;Blowout&#8217; September Jobs Report Spurs Reactions: 6 Economists Say Aggressive Fed Rate Cuts May Face Obstacles</a></li>
</ul>
Photo: Shutterstock

US Energy Stocks Notch Biggest Weekly Gains In 2 Years, Exxon Hits Record Highs As Crude Surges To $75 On Israel-Iran Jitters

Deep-pocketed investors have adopted a bullish approach towards Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CVX usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 14 extraordinary options activities for Chevron. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 64% leaning bullish and 35% bearish. Among these notable options, 4 are puts, totaling $175,475, and 10 are calls, amounting to $750,501.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $110.0 to $175.0 for Chevron over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Chevron's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Chevron's significant trades, within a strike price range of $110.0 to $175.0, over the past month.
<h3>Chevron Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727970474_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$2.07</td>
<td>$2.06</td>
<td>$2.07</td>
<td>$165.00</td>
<td>$370.1K</td>
<td>8.6K</td>
<td>8</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$1.36</td>
<td>$1.3</td>
<td>$1.36</td>
<td>$155.00</td>
<td>$68.0K</td>
<td>1.0K</td>
<td>1.6K</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$1.52</td>
<td>$1.4</td>
<td>$1.5</td>
<td>$155.00</td>
<td>$59.5K</td>
<td>1.0K</td>
<td>1.3K</td>
</tr>
<tr>
<td>CVX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$14.3</td>
<td>$14.1</td>
<td>$14.3</td>
<td>$160.00</td>
<td>$52.9K</td>
<td>460</td>
<td>57</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$1.34</td>
<td>$1.2</td>
<td>$1.3</td>
<td>$155.00</td>
<td>$52.0K</td>
<td>1.0K</td>
<td>956</td>
</tr>
</tbody>
</table>

<h3>About Chevron</h3>
Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.
<h3>Current Position of Chevron</h3>
<ul>
<li>Currently trading with a volume of 1,728,624, the CVX's price is up by 0.13%, now at $151.14. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 29 days.</li>
</ul>
<h3>What The Experts Say On Chevron</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $173.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Barclays persists with their Overweight rating on Chevron, maintaining a target price of $168. 
&#x2A; An analyst from Truist Securities has decided to maintain their Hold rating on Chevron, which currently sits at a price target of $150. 
&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Chevron with a target price of $189. 
&#x2A; An analyst from Wells Fargo persists with their Overweight rating on Chevron, maintaining a target price of $169. 
&#x2A; An analyst from Mizuho has decided to maintain their Outperform rating on Chevron, which currently sits at a price target of $189. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Chevron with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

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Decoding Chevron's Options Activity: What's the Big Picture?

Barclays analyst Betty Jiang maintains Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) with a Overweight and lowers the price target from $185 to $168.

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Barclays Maintains Overweight on Chevron, Lowers Price Target to $168

Oil prices continue to rise on Wednesday, adding to gains driven by potential supply disruptions in the Middle East and fresh warnings out of the Organization of the Petroleum Exporting Countries and its allies, <a href="https://www.benzinga.com/topic/oil">known as OPEC+</a>.
What To Know: Prince Abdulaziz bin Salman, the oil minister of Saudi Arabia, has warned that prices could fall to $50 per barrel if global oil producers don&#8217;t comply with production curbs, according to a <a href="https://www.wsj.com/business/energy-oil/saudi-minister-warns-of-50-oil-as-opec-members-flout-production-curbs-216dc070?mod=hp_lead_pos4">report</a> from the Wall Street Journal. 
The report indicates the Saudi oil minister&#8217;s comments are being viewed as a threat that Saudi Arabia is willing to start a pricing war to help maintain its market share.
Oil prices had been in decline before jumping this week amid <a href="https://www.benzinga.com/news/global/24/10/41126038/iran-attacks-israel-with-missiles-middle-east-tensions-escalates-s-p-500-stocks-bitcoin-fall-as-oil" target="_blank" rel="noreferrer noopener">rising Middle East tensions</a>. Iran launched an attack on Israel Tuesday following the recent killing of Hezbollah leader Hassan Nasrallah, reportedly firing between 100 and 200 missiles toward Israel.
Brent Crude futures, the international benchmark, climbed as much as 5% on Tuesday before pulling back and finishing the day up about 2.4%. Brent Crude futures were up 2.75%, trading around $75.50 at the time of writing Wednesday, while front-month&nbsp;WTI Crude futures were up 3.06%, hovering around $72. 
Saudi Arabia reportedly needs prices to be at least $85 per barrel in order to help fund its planned economic transformation. 
The rising tensions in the Middle East are also likely to push up prices of U.S. gasoline. According to an ABC News <a href="https://abcnews.go.com/Business/rising-oil-prices-after-iran-strike-increase-us/story?id=114394795">report</a>, drivers could see prices at the pump rise between 10 cents and 15 cents per gallon.
The United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>) was up 2.7% at $74.06 and the IShares U.S. Oil &amp; Gas Exploration &amp; Production ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IEO#BATS">IEO</a>) was up 2.24% at $93.50 at last check. The SPDR Energy Select Sector Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) was up 1.25% at $90.93 at the time of writing.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41140501/exxon-mobil-chemed-las-vegas-sands-and-more-on-cnbcs-final-trades">Exxon Mobil, Chemed, Las Vegas Sands And More On CNBC&#8217;s &#8216;Final Trades&#8217;</a>
Here&#8217;s a look at some of the energy stocks making moves Wednesday morning:
<ul>
<li>Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) up 1.77% at $122.02.</li>
</ul>
<ul>
<li>Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) up 1.44% at $151.82.</li>
</ul>
<ul>
<li>ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) up 1.62% at $111.23.</li>
</ul>
<ul>
<li>Schlumberger N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) up 1.52% at $43.79.</li>
</ul>
<ul>
<li>Hess Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) up 1.75% at $141.39.</li>
</ul>
<ul>
<li>BP P.L.C. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) up 1.54% at $32.59.</li>
</ul>
<ul>
<li>Shell PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>) up 2.11% at $68.18.</li>
</ul>
Analysts React: OPEC is set to hold an online Joint Ministerial Monitoring Committee meeting on Wednesday that the market will be watching closely, Roth MKM analysts said in a note. OPEC members are expected to discuss whether to ease production curbs in December.
The Roth MKM analysts also highlighted oil inventory data that is positive for oil prices and noted that oil is likely to continue trading higher on Wednesday. 
Analysts at Truist Securities and Jefferies highlighted other opportunities given the elevated global threat environment. Jefferies highlighted opportunity in the tanker market as the Middle East conflict raises risk premiums on the energy market, and Truist analysts said they expect the intensifying conflict to ultimately translate into bookings and backlog growth for the U.S. defense industry overall.
Read Next:
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<li><a href="https://www.benzinga.com/news/econ-s/24/10/41139919/private-sector-job-gains-outpace-forecasts-in-september-as-us-adds-143-000-jobs">Private Sector Job Gains Outpace Forecasts In September As US Adds 143,000 Jobs</a></li>
</ul>
Photo: Shutterstock.

Global

Movers

iShares Dow Jones US Oil & Gas Exploration & Production Index Fund

SHEL

Oil Prices Spike, Energy Stocks Jump After Iran's Missile Attack On Israel: What Investors Need To Know

Hess Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) and Chevron Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>)&nbsp;shares are trading higher on Tuesday.
On Monday, the Federal Trade Commission (FTC) completed an antitrust review of the merger&nbsp;of both companies, satisfying a critical <a target="_blank" href="https://www.benzinga.com/government/24/09/41098199/ftc-clears-chevrons-53b-hess-merger-sets-restriction-for-john-hess" rel="noreferrer noopener">closing&nbsp;condition for the transaction</a>.
To facilitate the merger&#8217;s completion, Hess and Chevron have agreed that Hess CEO John Hess will not be on the Chevron board.
Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and its partner&nbsp;CNOOC Ltd had earlier asserted their right of first refusal to any sale of&nbsp;Hess&#8217;&nbsp;stake in a Guyana oil-producing joint venture. The arbitration panel is expected to hear these claims in May 2025.
Piper Sandler analyst Ryan M. Todd raised the valuation of Guyana (net to HES) from $40.6 billion to $45.6 billion, translating to $132 to $149 per share, due to notable increases in discovered resources and productivity in Guyana.
The analyst estimates Hess&#8217; stand-alone value at around $170 per share with Brent priced at $75 per barrel, suggesting that Hess is a compelling value opportunity for the first time in years.
Notably, given strong reservoir productivity and successful debottlenecking (12%-20% improvement), Todd expects each FPSO&#8217;s peak productive capacity to increase from approximately 2.0 Mboe/d to around 2.5 Mboe/d.
The analyst adds that while second-quarter production was 192 kbd (net to HES) in Guyana, they expect net production to peak at around 775 kbd, reflecting a 17% annual CAGR for nearly a decade, with peak CFO and FCF projected at $10.3 billion and $8.7 billion, respectively, vs. a $2.2 billion breakeven in 2023.
On the other hand, Wolfe Research analyst Doug Leggate&nbsp;upgraded Hess from Peer Perform to <a target="_blank" href="https://www.benzinga.com/quote/hes/analyst-ratings" rel="noreferrer noopener">Outperform with a price target of $150</a>.
The bullish outlook reflects the analyst&#8217;s view that current market conditions and the potential merger outcomes give Hess shares an attractive risk/reward profile, indicating that the valuation remains compelling regardless of whether the deal with Chevron proceeds.
Leggate&nbsp;cited three scenarios for Hess that support a positive outlook. The first scenario envisions the successful merger with Chevron, closing the current 11% arbitrage gap between the valuations of Hess and Chevron.
If the merger fails, the analyst expects Hess to trade based on its fundamentals, with a fair value starting point projected at about $150 per share.
The third scenario examines a failed merger, indicating that Hess has shown a willingness to be acquired, with Chevron likely remaining the sole interested party, says the analyst.
Price Action: HES shares are up 1.9% at $138.38, while CVX shares rose 1.28% at $149.17 at the last check Tuesday.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41124018/chevron-honeywell-join-forces-for-ai-breakthrough-details" target="_blank" rel="noreferrer noopener">Chevron, Honeywell Join Forces For AI Breakthrough: Details</a></li>
</ul>

Analyst Color

Large Cap

Upgrades

Analyst Questions 'What Could Hess Be Worth?' As Chevron Advances In Acquisition Efforts

WIIM

Shares of energy stocks are trading higher amid a rise in oil prices after Iran launched a missile attack on Israel.

Chevron Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) announced a strategic collaboration with Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) to develop<a target="_blank" href="http://benzinga.com/pressreleases/24/10/n41115086/honeywell-and-chevron-collaborate-on-ai-assisted-solutions-for-refining-processes" rel="noreferrer noopener"> advanced artificial intelligence (AI)-assisted solutions</a>.
The solution aims at enhancing decision-making for operators, improving efficiency in refining processes, and boosting safety within the industrial automation sector.
This partnership represents a major advancement in AI-assisted solutions for plant operators.
The two companies are collaborating to create a new generation of AI-assisted alarm management solutions that enhance the efficiency, safety, and reliability of process operations and industrial assets.
The Alarm Guidance application will provide operators with guided actions for responding to alarms and operational events, reducing lost profits and safety incidents.
Using AI, the system will analyze historical data to identify patterns between alarms and effective operator responses that restore normal operations.
Through this collaboration, Chevron&#8217;s operators will integrate AI into Honeywell&#8217;s Experion distributed control system (DCS), enhancing decision-making and optimizing operations for improved efficiency and workforce upskilling, in line with Honeywell&#8217;s focus on automation.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/41063239/john-hess-blocked-from-joining-chevron-board-as-part-of-ftc-deal-for-antitrust-approval-of-53b-c" rel="noreferrer noopener">John Hess Blocked From Joining Chevron Board As Part Of FTC Deal For Antitrust Approval Of $53B Chevron-Hess Merger: Report</a>
Lucian Boldea President&nbsp;and CEO of Honeywell Industrial Automation said, &#8220;AI-Assisted automation is key to helping improve industrial plant performance while also addressing industry&#8217;s workforce shortage through institutional knowledge capture, workflow digitalization, and accelerating the learning curve for the next generation.&#8221;
Investors can gain exposure to the stock via&nbsp;EA Series Trust Strive U.S. Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRLL#NYSE">DRLL</a>) and&nbsp;SPDR Select Sector Fund – Energy Select Sector&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>).
Price Action: CVX shares are up 1.83% at $149.96 at the last check Tuesday.
Photo by Jonathan Weiss on Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/24/09/41098199/ftc-clears-chevrons-53b-hess-merger-sets-restriction-for-john-hess" target="_blank" rel="noreferrer noopener">FTC Clears Chevron&#8217;s $53B Hess Merger, Sets Restriction For John Hess</a></li>
</ul>

Contracts

DRLL

Chevron, Honeywell Join Forces For AI Breakthrough: Details

Honeywell Enters Strategic Collaboration With Chevron To Develop Advanced Artificial Intelligence-Assisted Solutions

On Monday, Chevron&nbsp;Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) announced that the Federal Trade Commission (FTC) completed an antitrust review of its merger with Hess Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>), satisfying a critical closing <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b41096590/chevron-hess-merger-clears-ftc-antitrust-review" rel="noreferrer noopener">condition for the transaction</a>.
To facilitate the merger&#8217;s completion, Hess and Chevron have agreed that Hess CEO John Hess will not be on the Chevron board.
Instead, Mr. Hess will serve as an advisor to Chevron on government relations and social investments in Guyana and on support for the Salk Institute&#8217;s Harnessing Plants Initiative.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30114603/newplot-24.png" alt="" class="wp-image-572776" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30114603/newplot-24.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30114603/newplot-24-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
&#8220;I have the utmost respect for John, the company he has built, and the contributions he has made to our industry. It is unfortunate that our Board of Directors will not get the benefit of his decades of global experience, but we look forward to drawing upon his knowledge, relationships and experience in Guyana through his service as an advisor to Chevron,&#8221; said Chevron Chairman and CEO Mr. Wirth.
&#8220;Oil and gas are going to be needed for decades to come, and the key challenge is long-term investment,&#8221; <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b41096717/hess-announces-hsr-clearance-of-chevron-hess-merger" rel="noreferrer noopener">Mr. Hess said</a>. &#8220;For more than ten years, I have advocated for a significant increase in global investment, both in oil and gas and renewable energy, to have the necessary supply to keep energy affordable and secure for American consumers in the future.&#8221;
The merger&#8217;s completion remains subject to other closing conditions, including the satisfactory resolution of ongoing arbitration proceedings regarding preemptive rights in the Stabroek Block joint operating agreement. Chevron said it remains confident that the arbitration process will affirm the company&#8217;s position.
<a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40091118/chevrons-53b-hess-deal-faces-uncertainty-amid-exxon-and-cnooc-arbitration-claims" rel="noreferrer noopener">Prior reports indicated</a> Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and its partner&nbsp;CNOOC Ltd asserted their right of first refusal to any sale of&nbsp;Hess&#8217; stake in a Guyana oil-producing joint venture potentially hinder&nbsp;Chevron&#8217;s proposed $53 billion deal of Hess. The arbitration panel is now expected to hear these claims in May 2025.
Under the deal, Chevron will reportedly own a 30% stake in the consortium controlling all of Guyana&#8217;s oil production. Exxon leads the consortium with a 45% stake.
Earlier, Chevron CEO&nbsp;Michael Wirth had attacked President&nbsp;Joe Biden&#8217;s <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/41063239/john-hess-blocked-from-joining-chevron-board-as-part-of-ftc-deal-for-antitrust-approval-of-53b-c" rel="noreferrer noopener">administration&#8217;s halt on</a> liquefied natural gas export, citing higher costs and threatening&nbsp;supplies for America&#8217;s European backers.
Price Actions: CVX stock is up 0.25% at $145.87 at the last check Monday. HES stock is up 0.72% at $134.58.
Image via Shutterstock

Government

Regulations

FTC Clears Chevron's $53B Hess Merger, Sets Restriction For John Hess

Chevron Remains Confident That Arbitration Process Will Affirm Co's Position

Legal

CORRECTION: FTC Allows Chevron's $53B Acquisition Of Hess Corp

Management

FTC Consent Order Bars Hess CEO John Hess From Chevron's Board

Truist Securities analyst Neal Dingmann maintains Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) with a Hold and lowers the price target from $154 to $150.

Truist Securities Maintains Hold on Chevron, Lowers Price Target to $150

Wells Fargo analyst Roger Read maintains Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) with a Overweight and lowers the price target from $196 to $169.

Wells Fargo Maintains Overweight on Chevron, Lowers Price Target to $169

Antitrust regulators are set to prevent Hess Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) CEO John Hess from joining the board of Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) as part of a $53-billion merger deal.
What Happened: Chevron has tentatively agreed to this condition to secure approval for the merger, The Wall Street Journal reported on Friday, <a href="https://www.wsj.com/business/energy-oil/ftc-plans-to-block-hess-ceo-from-chevron-board-9e2b942a?mod=hp_listb_pos5">citing</a> sources familiar with the matter. 
The deal still faces an arbitration case involving Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and China National Offshore Oil Corporation over rights to a key oil project in Guyana.
The decision is a setback for John Hess, who was anticipated to join Chevron's board post-merger. However, he is expected to serve in an advisory capacity with Chevron, according to the report.
The Federal Trade Commission had paused its antitrust review of the Chevron-Hess deal until the arbitration process concluded. 
A significant arbitration hearing is scheduled for May 2025. The FTC has increased scrutiny on oil and gas mergers, previously barring former Pioneer Natural Resources CEO Scott Sheffield from joining Exxon's board under similar conditions, according to the report.
FTC, Chevron Corp, and Hess Corp did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/news/24/09/41040634/analyst-counters-pete-buttigiegs-assertion-that-inflation-went-down-after-bidens-ira-2022-they-are-s?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Analyst Counters Pete Buttigieg&#8217;s Assertion That Inflation Went Down After Biden&#8217;s IRA 2022: &#8216;They Are Still Rising And You Don&#8217;t Seem To Care&#8230; At All&#8217;</a>
Why It Matters: The decision to block John Hess from joining Chevron's board is a significant development in the ongoing merger between the two oil giants. 
The merger, valued at $53 billion, had already received <a href="https://www.benzinga.com/markets/equities/24/09/41003399/chevron-hess-merger-could-soon-get-ftc-approval-report">approval from Hess shareholders in May</a>. However, regulatory hurdles and arbitration issues have delayed its finalization.
In recent months, Chevron has been actively navigating regulatory <a href="https://www.benzinga.com/markets/equities/24/09/40964773/chevron-prioritizes-gas-sales-over-lng-plant-investment-report">landscapes and strategic decisions</a>. For instance, the company ruled out taking an equity stake in Woodside Energy Group Limited's upcoming acquisition of Driftwood LNG in Louisiana, opting instead to monetize its U.S. gas directly to the market.
Additionally, Chevron CEO Michael Wirth has publicly criticized President Joe Biden&#8216;s administration&#8217;s pause on liquefied natural gas export decisions, arguing that it could lead to higher energy costs and jeopardize <a href="https://www.benzinga.com/markets/equities/24/09/40920735/chevron-slams-bidens-lng-export-pause-touts-natural-gas-for-ai-growth-report">supplies for America&#8217;s European allies</a>.
Read Next: 
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

John Hess Blocked From Joining Chevron Board As Part Of FTC Deal For Antitrust Approval Of $53B Chevron-Hess Merger: Report

<a href="https://www.bloomberg.com/news/articles/2024-09-26/chevron-agrees-hess-ceo-won-t-join-board-in-deal-with-us-ftc?utm_source=google&amp;utm_medium=bd&amp;cmpId=google">https://www.bloomberg.com/news/articles/2024-09-26/chevron-agrees-hess-ceo-won-t-join-board-in-deal-with-us-ftc?utm_source=google&amp;utm_medium=bd&amp;cmpId=google</a>
&nbsp;
Chevron Corp. agreed that Hess Corp. Chief Executive Officer John Hess won't join the company's board as part of an agreement with the US Federal Trade Commission allowing the companies' merger to proceed, people familiar with the matter said.

Reported Earlier, 'Chevron Agrees Hess CEO Won't Join Board In Deal With US FTC' - Bloomberg News

BROG

WFRD

Shares of oil and gas companies are trading lower, possibly as the sector pulls back after rallying on Tuesday due to China stimulus efforts and Middle East tension. Also, a report suggests that rival factions in Libya have resumed talks.

Chevron Says "We Are Shutting-In Production At Our Chevron-Operated Gulf Of Mexico Facilities And Evacuating All Associated Personnel"

Investors with a lot of money to spend have taken a bearish stance on Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CVX, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 12 uncommon options trades for Chevron.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 41%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $190,690, and 8 are calls, for a total amount of $575,763.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $90.0 to $165.0 for Chevron during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of Chevron stands at 1632.0, with a total volume reaching 6,310.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Chevron, situated within the strike price corridor from $90.0 to $165.0, throughout the last 30 days.
<h3>Chevron Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727207198_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$1.84</td>
<td>$1.77</td>
<td>$1.77</td>
<td>$160.00</td>
<td>$283.2K</td>
<td>5.5K</td>
<td>1.8K</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$4.4</td>
<td>$4.35</td>
<td>$4.4</td>
<td>$150.00</td>
<td>$123.2K</td>
<td>2.2K</td>
<td>406</td>
</tr>
<tr>
<td>CVX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$2.88</td>
<td>$2.86</td>
<td>$2.88</td>
<td>$130.00</td>
<td>$85.8K</td>
<td>2.5K</td>
<td>305</td>
</tr>
<tr>
<td>CVX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$4.2</td>
<td>$4.05</td>
<td>$4.05</td>
<td>$115.00</td>
<td>$40.5K</td>
<td>815</td>
<td>100</td>
</tr>
<tr>
<td>CVX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.78</td>
<td>$1.71</td>
<td>$1.78</td>
<td>$145.00</td>
<td>$39.1K</td>
<td>2.1K</td>
<td>297</td>
</tr>
</tbody>
</table>

<h3>About Chevron</h3>
Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.
In light of the recent options history for Chevron, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Chevron Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 4,234,428, with CVX's price up by 0.21%, positioned at $147.85.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 31 days.</li>
</ul>
<h3>What The Experts Say On Chevron</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $189.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Mizuho persists with their Outperform rating on Chevron, maintaining a target price of $189. 
&#x2A; An analyst from UBS has decided to maintain their Buy rating on Chevron, which currently sits at a price target of $189. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Chevron, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Unpacking the Latest Options Trading Trends in Chevron

Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>)&nbsp;shares are trading higher on Monday. The oil giant&#8217;s merger with Hess Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) may see a ray of hope, with the deal reportedly expected to receive Federal Trade Commission approval sooner.
In May 2024, Hess shareholders approved the proposed $53 billion merger. However, the deal still required regulatory approval and was expected to face arbitration with Hess&#8217; partners <a target="_blank" href="https://www.benzinga.com/m-a/24/05/39047788/hess-shareholders-approve-53-billion-merger-with-chevron" rel="noreferrer noopener">in Guyana, which could push the deal into 2025</a>.&nbsp;
The U.S. Federal Trade Commission may approve Chevron&#8217;s $53 billion acquisition of Hess as early as this week, reported Reuters.
In August, Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and its partner&nbsp;CNOOC Ltd filed arbitration claims, asserting their right of first refusal to any sale of&nbsp;Hess&#8217;&nbsp;stake <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40091118/chevrons-53b-hess-deal-faces-uncertainty-amid-exxon-and-cnooc-arbitration-claims" rel="noreferrer noopener">in a Guyana oil-producing joint venture</a>.
The arbitration panel is expected to hear these claims in May 2025, further delaying the deal.
Related: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39746845/exxon-mobil-arbitration-throws-wrench-in-chevron-hess-merger-timeline-report" rel="noreferrer noopener">Exxon Mobil Arbitration Throws Wrench in Chevron-Hess Merger Timeline: Report</a>
As per Reuters, Chevron and Hess expect a decision by August, while Exxon anticipates it will come by September 2025.
Notably, in July, the final members were appointed to a three-person arbitration panel tasked with resolving the&nbsp;Exxon Mobil&nbsp;dispute over&nbsp;the $53 billion merger. The deal was initially planned to close in the first half of the year.
Investors can gain exposure to the Chevron via&nbsp;E.A. Series Trust Strive U.S. Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRLL#NYSE">DRLL</a>) and&nbsp;SPDR Select Sector Fund – Energy Select Sector&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>).
Price Action: CVX shares are up 1.12% at $149.20 and HES is up 1.97% at $138.00 premarket at the last check Tuesday.
Photo by Jonathan Weiss on Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40920735/chevron-slams-bidens-lng-export-pause-touts-natural-gas-for-ai-growth-report" target="_blank" rel="noreferrer noopener">Chevron Slams Biden&#8217;s LNG Export Pause, Touts Natural Gas For AI Growth: Report</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Media

Chevron-Hess Merger Could Soon Get FTC Approval: Report

Energy stocks are experiencing a significant boost as oil prices continue to rise, with major players like ExxonMobil ($XOM) and Chevron ($CVX) amo...

XOM and CVX: Energy Stocks Surge amid Rising Oil Prices

Time To Buy 2 September Berkshire DiviDogs And Watch 6 More

The oil and gas market showcases a promising outlook driven by improving extraction technologies and surging global consumption. Also, amid the growing LNG market, it could be wise to consider fundamentally sound stocks Chevron (CVX), Shell (SHEL), and Cheniere Energy (LNG) fueling the global energy market. Read more... Owing to the prevailing geopolitical concerns worldwide, oil and gas supply and demand are being disrupted continuously, leading to high price volatility. As a consequence, the oil and gas market is trending all over the world, offering more opportunities for investors.
Given the industry tailwinds, it could be wise to invest in sound energy stocks Chevron Corporation (<a href="https://stocknews.com/stock/CVX/">CVX</a>), Shell plc (<a href="https://stocknews.com/stock/SHEL/">SHEL</a>), and Cheniere Energy, Inc. (<a href="https://stocknews.com/stock/LNG/">LNG</a>) for potential gains.
Over time, <a href="https://www.statista.com/statistics/282801/primary-energy-demand-by-source-world/">energy consumption across the globe</a> has only increased, and the rally is expected to continue in the upcoming years. By 2045, primary energy consumption is expected to reach 359 million barrels of oil equivalent per day. Also, oil and gas will continue to dominate the global energy sector with their contribution of over 100 and 85 million barrels of oil equivalent per year.
Besides, IMARC Group has projected the global oil and gas market to value $65.80 billion by 2032, exhibiting a <a href="https://www.imarcgroup.com/oil-gas-market">CAGR of 15.8%</a>. The oil and gas market is currently favored by trends like rising geopolitical tensions, technological advancements, and shifting environmental policies driving the market demand.
Also, the <a href="https://www2.deloitte.com/us/en/pages/energy-and-resources/articles/lng-industry-trends-oil-natural-gas-report.html">rapidly maturing LNG industry</a> is expanding at a swift pace, with the liquefied natural gas trade growing at a quadrupled rate in the last two decades and set to grow twice in the next two decades. With the growing production and prevalence of unconventional gas extraction, the market is positioned for robust growth.
The <a href="https://www.mordorintelligence.com/industry-reports/global-lng-market-industry">LNG Market</a> is expected to grow to $103.41 billion by 2028, expanding at a CAGR of 6.8%, driven by increasing demand for gas power generation and a growing number of LNG-fueled fleets.
Also, investors' interest in energy stocks is evident from the Dimensional Emerging Core Equity Market ETF's (<a href="https://stocknews.com/stock/DFAE/">DFAE</a>) 21.7% returns over the past year.
Given the industry's robust outlook, let's delve into the fundamentals of the top <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> stocks, beginning with number 3.
Stock #3: Chevron Corporation (<a href="https://stocknews.com/stock/CVX/">CVX</a>)
CVX is engaged in integrated energy and chemicals operations internationally. The company operates through two segments, Upstream; and Downstream. It is involved in the exploration, development, production, and transportation of crude oil and natural gas, processing, liquefaction, transportation, and regasification of liquefied natural gas.
On August 12, CVX started oil and natural gas production from the Anchor project in the deepwater U.S. Gulf of Mexico. The Anchor production marked the successful delivery of high-pressure technology rated to safely operate at up to 20,000 psi, with reservoir depths reaching 34,000 feet below sea level.
On April 25, CVX's affiliate Tengizchevroil LLP started its operations at its Wellhead Pressure Management Project at the Tengiz oil field in Kazakhstan. The WPMP is designed to maintain the existing processing plants' total capacity of around 28 million tonnes per annum. This marked a significant step toward completing the Future Growth Project (FGP).
During the second quarter that ended June 30, 2024, CVX's total revenues and other income increased 4.7% year-over-year to $51.18 billion. Net income attributable to CVX came in at $4.43 billion and $2.43 per common share for the quarter, respectively.
In addition, the company's cash and cash equivalents and total assets stood at $4.01 billion and $260.64 billion as of June 30, 2024.
Street expects CVX's revenue for the fourth quarter (ending December 2024) to grow 2.7% year-over-year to $48.44 billion, and its EPS is expected to be $2.80. Also, over the past month, CVX's stock has gained marginally to close the last trading session at $147.54.
CVX's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
CVX has a B grade for Quality and Stability. It is ranked #52 out of 80 stocks in the <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> industry.
In addition to the POWR Ratings we've stated above, we also have other CVX ratings for Momentum, Sentiment, Growth, and Value. Get all CVX ratings <a href="https://stocknews.com/stock/CVX/">here</a>.
Stock #2: Shell plc (<a href="https://stocknews.com/stock/SHEL/">SHEL</a>)
Headquartered in London, United Kingdom, SHEL is an energy and petrochemical company operating in Europe, Asia, Oceania, Africa, the United States, and the rest of the Americas. The company operates in Integrated Gas; Upstream; Marketing; Chemicals and Products; and Renewables and Energy Solutions segments.
On August 1, SHEL's Board announced an interim dividend in respect of the second quarter of 2024 of $ 0.34 per ordinary share. SHEL pays an annual dividend of $2.73, which translates to a yield of 3.95% at the current share price. Its four-year average dividend yield is 3.09%.
On July 9, SHEL's subsidiary, Shell Trinidad and Tobago Ltd., announced its Final Investment Decision (FID) on the Manatee project, an undeveloped gas field in the East Coast Marine Area in Trinidad and Tobago. Manatee will enable SHEL to competitively grow its Integrated Gas business by building on development efforts in the ECMA.
Through this, the company will be able to meet the rising demand for natural gas globally, and the energy needs domestically in Trinidad and Tobago.
During the second quarter that ended June 30, 2024, SHEL's adjusted earnings rose 24% from the prior year's quarter to $6.29 billion and its adjusted EBITDA increased 16.4% year-over-year to $16.81 billion. Also, the company's cash flow from operating activities came in at $13.51 billion for the quarter.
In addition, as of June 30, 2024, the company's cash and cash equivalents and total assets were $38.15 billion and $394.78 billion, respectively.
Street expects SHEL's revenue for the first quarter (ending March 2025) to increase 8.9% year-over-year to $78.90 billion. Its EPS is expected to be $1.97 for the same period. Furthermore, the company surpassed the consensus EPS estimates in three of the trailing four quarters.
Over the past six months, SHEL's stock has gained 2.5% and 6.8% over the past year to close the last trading session at $69.08.
SHEL's sound fundamentals are reflected in its POWR Ratings. The stock has a B grade for Stability. Within the Energy – Oil &amp; Gas industry, SHEL is ranked #45 of 80 stocks.
<a href="https://stocknews.com/stock/SHEL/">Click here</a> to access other ratings of SHEL for Sentiment, Growth, Momentum, Quality, and Value.
Stock #1: Cheniere Energy, Inc. (<a href="https://stocknews.com/stock/LNG/">LNG</a>)
LNG is an energy infrastructure company primarily engaged in liquefied natural gas (LNG) related businesses. The company owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana, and the Corpus Christi LNG terminal near Corpus Christi, Texas.
On August 5, LNG's subsidiary Cheniere Marketing, LLC, entered into a long-term liquefied natural gas sale and purchase agreement with Galp Trading S.A., a subsidiary of Galp Energia, SGPS, S.A. Under the agreement, Galp will purchase about 0.5 million tonnes per annum of LNG from Cheniere Marketing for 20 years on a free-on-board basis.
On June 17, LNG's Board of Directors declared a quarterly cash dividend of $0.43 per common share, paid on August 16, 2024, to shareholders of record as of the close of business on August 9, 2024. LNG pays an annual dividend of $1.74, which translates to a yield of 0.95% at the current share price. Its four-year average dividend yield is 0.61%.
For the second quarter that ended June 30, 2024, LNG reported revenues of $21.63 billion. Net income attributable to Cheniere amounted to $880 million and $3.84 per share for the quarter, respectively. Also, the company's consolidated adjusted EBITDA was $1.32 billion.
Street expects LNG's revenue for the first quarter (ending March 2025) to increase 10.5% year-over-year to $4.70 billion. The company's EPS for the same quarter is expected to grow 17.3% year-over-year to $2.50. Moreover, the company has topped the consensus revenue and EPS estimates in three of the trailing four quarters.
LNG's stock has surged 13.9% over the past six months and 11.1% over the past year to close the last trading session at $182.33.
LNG's bright prospects are reflected in its POWR Ratings. LNG has a B grade for Momentum and Sentiment. LNG is ranked #18 among the 80 stocks in the same industry.
<a href="https://stocknews.com/stock/LNG/">Click here</a> to access LNG's ratings for Quality, Growth, Value, and Stability.
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CVX shares were trading at $147.76 per share on Tuesday afternoon, up $0.22 (+0.15%). Year-to-date, CVX has gained 2.29%, versus a 20.78% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/cvx-shel-lng-3-lng-stocks-fueling-the-global-energy-market/>3 LNG Stocks Fueling the Global Energy Market</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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