Hess Midstream remains a strong buy with an 8.5% yield and at least 15% upside potential despite recent underperformance and drilling challenges in the Bakken region. The company benefits from a long-term contract with Chevron through 2033, which includes annual fee increases linked to inflation, ensuring stable cash flow and reducing risks from oil price and volume fluctuations. Hess Midstream's free cash flow yield is around 13%, supported by lower capital expenditures, increasing third-party revenues, and high EBITDA margins of 83%. The balance sheet is strengthening, with leverage expected to drop below 3x by year-end, and further share buybacks are anticipated, positioning the company well for potential future acquisitions.
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...
Microsoft and Chevron announced a plan to develop a 2.67-gigawatt natural gas power plant in West Texas to supply electricity for Microsoft's AI and cloud data centers. The plant will use large turbines from GE Vernova and Solar Turbines, with Micros...
