CVX Stock Recent News

Chevron (CVX -1.11%) recently received some long-awaited news: The oil giant won its arbitration case against ExxonMobil (XOM -3.45%), enabling it to close its acquisition of Hess. The transformative transaction will create a top-tier integrated oil and gas company.

The best stocks to invest in over the long term might surprise you. Data from Hartford Funds and Ned Davis Research show that dividend stocks have outperformed non-payers by more than 2-to-1 over the past half-century (they've averaged 9.2% annual total returns versus 4.3%).

Chevron's acquisition of Hess secures a 30% stake in Guyana's Stabroek Block, unlocking significant low-cost, high-growth oil production potential. Hess adds robust Bakken shale assets and immediate profit growth, supporting Chevron's valuation and long-term cash flow generation. Chevron's ramp-up in TCO, Gulf of Mexico, and refining capacity positions it for production growth and enhanced shareholder returns.

Dividend stocks are one of the most powerful wealth compounders. The S&P 500 (SNPINDEX: ^GSPC) index offers the perfect example.

Comparing a pure-play exploration and production in the Permian Basin, Diamondback Energy (FANG 0.31%), with an integrated energy major, Chevron (CVX -1.11%), sheds light on many of the questions that oil and gas-focused investors face in the coming years. Let's take a look at which company might suit which type of investor better.

The acquisition of Hess—and its stake in a generational oil find—helps clear up lingering doubts about Chevron's growth prospects.

Exxon Mobil has lost its arbitration challenge to block Chevron's $55 billion Hess acquisition deal, but the top U.S. oil producer managed to delay the tie-up by over a year, costing its rival billions in lost Guyana oil revenue and slowing integration.

Chevron CEO Mike Wirth on Friday said the company's acquisition of Hess, which it completed this week after winning a legal dispute with Exxon Mobil, is good for the oil and gas sector and creates the "strongest upstream portfolio in the industry."

The blockbuster acquisition is one of the largest energy deals in the past decade

Here is what you may have missed on Morning Brief on Friday, July 18. Federal Reserve governor Christopher Waller says he would like to see the central bank cut rates at its July meeting, putting him in conflict with other FOMC members who want to wait on cuts.