Chevron Corporation (ticker symbol: CVX) is one of the world's leading integrated energy companies, with subsidiaries that conduct business worldwide. Headquartered in San Ramon, California, Chevron is a multinational corporation that is engaged in every aspect of the oil, natural gas, and geothermal energy industries, including hydrocarbon exploration and production; refining, marketing, and transport; chemicals manufacturing and sales; and power generation.
Chevron was originally known as Standard Oil Co. of California, or SoCal, and became Chevron Corporation after its merger with Gulf Oil in 1984. It was one of the Seven Sisters that dominated the global petroleum industry from the mid-1940s to the 1970s. Today, Chevron is one of the world's largest oil companies and consistently ranks in the top 20 largest companies in the Fortune 500 list, demonstrating a robust economic performance and a significant influence in energy markets.
The company operates two major segments: Upstream and Downstream. The Upstream segment is responsible for the exploration, development, and production of crude oil and natural gas; the liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; processing, transportation, storage, and marketing of natural gas, and a gas-to-liquids plant. The Downstream segment is involved in refining crude oil into petroleum products; marketing of crude oil and refined products, transporting crude oil and refined products through
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Chevron Corp. (NYSE: CVX) shares are rising due to climbing crude oil prices, fueled by increasing expectations of further U.S. strikes on Iran. Investors fear new fighting would prolong supply disruptions, keeping energy prices elevated and benefiting oil and gas companies. Brent crude reached its highest level since May, trading at $114.99 a barrel, while West Texas Intermediate rose to $101.27.
Adams Natural Resources Fund Inc. has acquired a new stake of 15,600 shares in Cheniere Energy, Inc. (NYSE:LNG) during the third quarter, valued at approximately $4.2 million. Institutional investors now own 87.26% of the company, and analysts generally maintain a "Buy" rating for the stock with an average price target of $310.06. Cheniere Energy reported quarterly revenue of $5.73 billion, exceeding estimates, but earnings per share missed expectations, and the company also pays a quarterly dividend of $0.555 per share.
Valero reported strong third-quarter operations for its ethanol and renewable diesel segments. The article, published by Biodiesel Magazine, highlights Valero's performance in these key biofuel areas. It also mentions other news in the sustainable fuels industry, including developments in SAF and carbon capture.
Dollar General has been named Zacks' Bull of the Day due to its strong financial turnaround, rising estimates, and favorable market position in discount retail, with shares advancing 35% over the past year. Conversely, Las Vegas Sands is the Bear of the Day, facing significant underperformance, two consecutive earnings misses, and a struggling Asian gaming market without domestic diversification. The article also touches on three energy stocks—Chevron, Diamondback Energy, and APA Corp.—that could benefit from rising oil prices driven by geopolitical tensions.
Zacks Equity Research has named Dollar General Corp. as the Bull of the Day, citing its strong rebound from past inventory issues, rising customer traffic, and impressive earnings beats. Conversely, Las Vegas Sands Corp. has been designated the Bear of the Day due to its poor market performance, two consecutive earnings misses, and a concentrated reliance on underperforming Asian markets. The report also highlights three energy stocks—Chevron Corp., Diamondback Energy, Inc., and APA Corp.—that are poised to benefit from rising crude oil prices.
The Invesco S&P Ultra Dividend Revenue ETF (RDIV), launched in 2013, targets the Large Cap Value segment of the US equity market with over $1.48 billion in assets. With an expense ratio of 0.39% and a 12-month trailing dividend yield of 3.52%, it holds a Zacks ETF Rank of 3 (Hold). The ETF has performed well year-to-date and over the last year, offering diversified exposure primarily to Consumer Staples, Financials, and Telecom sectors.
Phillips 66 has locked out 385 workers at its Bayway refinery in Linden, New Jersey, after they rejected a contract offer that included significant concessions on probationary periods, training, wages, and healthcare. The lockout, which follows similar actions by BP and Marathon, has raised concerns about safety given the removal of experienced personnel, including fire brigade members. The company, which is reporting record profits, is seen as using the lockout to implement cost-cutting measures, while the union's handling of negotiations has been criticized for isolating workers and undermining their strike leverage.
QatarEnergy has finalized a long-term agreement with Cheniere Energy Inc. to purchase 4 million tons of LNG annually until 2054. The deal, Qatar's first US offtake arrangement, involves volumes split evenly between Cheniere's Sabine Pass and Corpus Christi plants, with deliveries beginning in the early 2030s. This strategic move aims to diversify Qatar's LNG supply amid disruptions from the Iran war and shipping turmoil in the Strait of Hormuz.
Oceaneering International (NYSE: OII) reported strong third-quarter 2026 financial results, with adjusted EBITDA of $119 million, the highest since Q4 2015, driven by Subsea Robotics and Offshore Projects Group performance. The company saw a 6% revenue increase and 7% operating income increase year-over-year, despite a net income decrease due to debt refinancing. For Q4 2026, Oceaneering projects increased revenue and EBITDA of $85 to $95 million, with 2027 guidance set at $430 to $480 million in consolidated EBITDA, anticipating growth from global deepwater markets and U.S. defense contracts.