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Crude oil prices have slumped this year. Brent, the global oil price benchmark, has fallen more than 10% on the year, pushing it into the low $60s.
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Chevron (CVX -0.14%) is an integrated oil and gas major with a growing exploration and production business, sizable refining segment, investments in low-carbon solutions, and more. But the stock has fallen roughly 16% from its 52-week high -- a swift decline considering the high came less than two months ago.
Venezuela's state-owned PDVSA has begun exporting a heavy crude oil grade that had been shipped by Chevron since 2022, maritime data and documents showed, following the cancellation of cargoes to the U.S. producer amid payment uncertainty.
U.S. oil producer Chevron Corp and several European companies are in talks with the Trump administration to obtain authorizations to keep their stakes in joint ventures with Venezuela's state-run PDVSA, three sources close to the matter said.
If you are looking at ExxonMobil (XOM -0.89%) you are probably also considering Chevron (CVX -0.46%). And if you are considering Chevron you are also probably looking at ExxonMobil.
Don Kaufman with @Theotrade is bullish on Chevron (CVX), noting the company's current risk/reward factors as favorable. However, his bearish side emerges with Apple (AAPL) and the iShares MSCI Germany ETF (EWG).
Energy is vital to the modern world, but oil is still a volatile commodity. Oil prices have come under pressure of late, which has, in turn, resulted in weakening prices for oil-related stocks.
Chevron beat earnings estimates for Q1'25 despite pressure on petroleum prices. Chevron's Kazakhstan oil field projects have started to make a positive contribution in terms of production volume. Chevron's strong free cash flow and aggressive stock buyback program make it an attractive investment for dividend-seeking investors.
Chevron is attempting to restart the El Segundo, California refinery after taking units offline last week, sources familiar with plan operations said on Monday.