CVX Stock Recent News

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX), one of the world's leading energy companies, will hold its quarterly earnings conference call on Friday, November 1, 2024, at 11:00 a.m. ET (8:00 a.m. PT). Conference Call Information: Date: Friday, November 1, 2024 Time: 11:00 a.m. ET / 8:00 a.m. PT Dial-in # (Listen-only mode): 888-256-9157 Conference ID #: 8860912 Speakers: Mike Wirth – Chairman of the Board and Chief Executive Officer Eimear Bonner – Vice President and Chi.

The Federal Trade Commission (FTC) on Monday cleared Chevron's (CVX) $53 billion acquisition of Hess (HES), but barred Hess CEO John Hess from joining Chevron's board, citing concerns about his previous communications with Organization of Petroleum Exporting Countries (OPEC) officials.

The FTC on Monday alleged that John Hess encouraged senior officials at OPEC to draw down inventories, which would result in higher oil prices. Hess Corp. and Chevron have agreed that they will not appoint Hess to the board in order to facilitate the completion of the merger.

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced the Federal Trade Commission (FTC) completed antitrust review of the company's merger with Hess Corporation (NYSE: HES), satisfying a key closing condition for the transaction. “This is an important step toward completing the merger, which will benefit our shareholders, the industry, and the country of Guyana, and add world class assets to our already advantaged portfolio,” said Chevron Chairman and CEO Mike Wir.

The U.S. Federal Trade Commission allowed Chevron's $53 billion purchase of Hess Corp on Monday, in an order that barred Hess CEO John Hess from Chevron's board.

Challenger Energy Group PLC (AIM:CEG, OTC:BSHPF) chief executive Eytan Uliel called the firm's first half of 2024 “truly transformational”, as its farm-out deal with Chevron promises to unlock a high impact exploration project. In March, Challenger unveiled the Chevron partnership for the OFF-1 licence, in Uruguay, and the transaction is now advancing to completion.

Stocks falling to 52-week lows can often be golden buying opportunities. Shares of Chevron and Devon Energy may have lost momentum, but the companies haven't.

Both major US presidential candidates are promoting fiscal irresponsibility and avoiding necessary reforms to entitlement programs, which are the primary drivers of future government spending growth. Domestic net national saving is consistently negative, making the US highly reliant on foreign inflows to sustain fiscal policies, reminiscent of the Great Financial Crisis. Howard Marks emphasizes that politicians' promises often clash with economic realities, highlighting issues like inflation, rent control, and the refusal to reform Social Security.

Chevron has raised its dividend for 37 consecutive years. The stock currently yields 4.4%, supported by strong fundamentals.

Berkshire Hathaway reduced its positions in nine stocks in Q2 and completely exited two others. Income investors would probably say good riddance to several of the stocks Buffett's company sold in Q2.