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Earnings season continues to move rapidly, with a notably rich reporting docket this week. A few big-tech names and representatives from many areas of the market are slated to report quarterly results.
Major oil producers Chevron Corporation (NYSE:CVX, ETR:CHV), Exxon Mobil Corp (NYSE:XOM, ETR:XONA) and Phillips 66 (NYSE:PSX) will hand down their financial reports for the first quarter on Friday, April 26 before the stock market opens in New York. Investor sentiment around energy stocks is positive heading into the reports, with geopolitical tensions in the Middle East driving the oil price above $80 per barrel.
Energy stocks to watch in the stock market today.
Chevron has underperformed the S&P 500 over the last five years. The oil giant's high-yielding dividend helps boost its total return.
In the latest trading session, Chevron (CVX) closed at $161.92, marking a +1.2% move from the previous day.
Under Chairperson Lina Khan, the Federal Trade Commission (FTC) has consistently used speculative consumer harms to justify regulatory actions. Unfortunately, these actions often stop mergers that would have improved consumer wellbeing and promoted greater innovation.
Chevron (CVX) has exceeded the earnings mark in three of the past four quarters.
The most bought stock by members of Congress last year was an oil stock -- but not Chevron or ExxonMobil. Lawmakers could have been attracted by the stock's low valuation and high dividend yield.
A variety of factors have been driving oil prices mostly higher so far this year. But two industry leaders, Chevron and ExxonMobil, are in the midst of a dispute.
Chevron is a global diversified energy leader with a multidecade record of growing its payout to shareholders. Devon Energy's high dividend yield isn't the only reason to buy the stock.