Chevron CFO Eimear Bonner said U.S. gasoline prices are expected to decline as the Middle East situation stabilizes, despite criticism from President Trump accusing Big Oil of not lowering prices in line with crude oil drops. Trump has ordered a Department of Justice investigation into the matter, demanding prices around $2.25 per gallon. Bonner emphasized that energy majors are working hard to reduce prices but noted there is a lag between crude price changes and pump prices. Chevron plans to grow production by 7-10% this year to help meet demand and ease prices over time.
Amid volatile crude oil prices, three energy companies—Enterprise Products Partners, Exxon Mobil, and Chevron—stand out for their reliable dividends backed by strong cash flows and long payout histories. Enterprise Products boasts 27 years of distrib...
Chevron's stock is currently priced above the 24/7 Wall St. target of $152.52, implying a potential 12.88% decline over the next year. Despite strong production growth and shareholder returns, recent earnings showed mixed results with revenue missing...
The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and the VanEck Oil Services ETF (OIH) offer exposure to different parts of the oil sector. XOP invests in oil producers betting on crude prices, while OIH focuses on service companies that ben...
Stock futures fell after a mixed Monday where tech stocks dragged Nasdaq and S&P 500 down, while Dow and Russell 2000 gained. Treasury yields surged following Bank of America's forecast of three 25-basis-point Fed rate hikes in late 2026, signaling p...
Despite higher crude prices, major US oil producers are maintaining capital discipline and only marginally increasing output, while smaller private firms are adding rigs. The US Energy Information Administration forecasts record oil production in 202...
