Chevron Corporation (CVX)

US — Energy Sector

Peers: BP SHEL PBR SU TTE XOM EQNR CVE IMO PBR-A EC YPF

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News

Chevron Plans 20% Workforce Reduction to Stay Competitive

CVX
Published: February 14, 2025 by: Zacks Investment Research
Sentiment: Negative

CVX intends to cut 15-20% of its workforce by 2026 as part of its cost-cutting initiative, aiming for $3B in savings amid industry challenges.

image for news Chevron Plans 20% Workforce Reduction to Stay Competitive

My Top 10 High Dividend Yield Stocks For February 2025: Two Yield Over 7%

ARCC, CVX, IBDRY, MO, PEP, PNC, PSX, QSR, VOO, VZ, ZURVY
Published: February 13, 2025 by: Seeking Alpha
Sentiment: Positive

Implementing a high dividend yield strategy can provide substantial income and stability during market volatility, supporting long-term investment goals without selling during declines. The selected 10 companies offer Dividend Yields [FWD] between 3.22% and 8.06%, with attractive Dividend Growth Rates and appealing valuations, enhancing portfolio sustainability. Each company exhibits a P/E [FWD] Ratio below 20, which reflects their attractive valuation.

image for news My Top 10 High Dividend Yield Stocks For February 2025: Two Yield Over 7%

Chevron: Why I Am Backing Up The Truck

CVX
Published: February 12, 2025 by: Seeking Alpha
Sentiment: Positive

Chevron's earnings-related slump presents a buying opportunity for passive income investors, offering a high-quality 5% dividend yield and future dividend growth prospects. Despite missing 4Q24 estimates, Chevron's strong upstream performance and growth in the Permian and Kazakhstan support its long-term profit and production growth. Chevron's profit growth and cost-saving initiatives, coupled with a compelling profit multiple, make it an attractive investment compared to peers like Exxon Mobil.

image for news Chevron: Why I Am Backing Up The Truck

Chevron: $70 Oil Price Won't Last

CVX
Published: February 12, 2025 by: Seeking Alpha
Sentiment: Positive

Since my last writing, oil prices have suffered a sizable correction. The current oil price is too compressed in my view, creating a large bias for CVX's profits to expand. Key catalysts that can drive oil prices higher: The low level of the U.S. Strategic Petroleum Reserve and low overall crude stocks in the U.S.

image for news Chevron: $70 Oil Price Won't Last

Chevron Will Lay Off Up To 20% Of Employees—Impacting Up To 9,100

CVX
Published: February 12, 2025 by: Forbes
Sentiment: Negative

Energy giant Chevron will let go of up to a fifth of its more than 45,000 employees, the company confirmed in a statement Wednesday to Forbes, becoming the latest American giant to announce a significant reduction to its headcount.

image for news Chevron Will Lay Off Up To 20% Of Employees—Impacting Up To 9,100

Chevron slashing up to 8K jobs — as much as 20% of workforce — in major revamp of oil giant

CVX
Published: February 12, 2025 by: New York Post
Sentiment: Neutral

The layoffs come as the company has said it is targeting $3 billion in cost cuts through 2026 from leveraging technology, asset sales and changing how and where work is performed.

image for news Chevron slashing up to 8K jobs — as much as 20% of workforce — in major revamp of oil giant

Chevron wants to save about $3 billion. Layoffs are on the horizon.

CVX
Published: February 12, 2025 by: Market Watch
Sentiment: Negative

The integrated energy company said that layoffs will affect 15% to 20% of its employees, starting this year and with most layoffs completed before the end of 2026.

image for news Chevron wants to save about $3 billion. Layoffs are on the horizon.

1 Crucial Factor About Chevron Stock That You Won't Want to Miss

CVX
Published: February 12, 2025 by: The Motley Fool
Sentiment: Positive

Chevron (CVX 1.07%) is a leading global oil and gas producer. Last year, the energy giant produced a record 3.3 million barrels of oil equivalent ( BOE ) per day.

image for news 1 Crucial Factor About Chevron Stock That You Won't Want to Miss

Chevron Has Continued Cash Flow Potential

CVX
Published: February 11, 2025 by: Seeking Alpha
Sentiment: Positive

Chevron has continued to pay a strong and increasing dividend funded by FCF. The company has a number of exciting growth projects coming online to drive returns. Investors who invest today and hold on for the next several years will be well rewarded.

image for news Chevron Has Continued Cash Flow Potential

A Historic Opportunity To Win Big With Dividend Stocks

AMLP, ARCC, ARE, BIZD, CVX, DKL, GBDC, GDX, GLD, HTGC, KO, MAIN, NEM, O, PFE, QQQ, SCHD, SPY, T, TBB, VNQ, VZ
Published: February 10, 2025 by: Seeking Alpha
Sentiment: Positive

The current market offers a historic opportunity for dividend stocks. We detail why this is a historic opportunity for dividend investors. We also discuss some of the names that we are buying to take advantage of this opportunity.

image for news A Historic Opportunity To Win Big With Dividend Stocks

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About Chevron Corporation (CVX)

IPO Date 1921-06-24
Website https://www.chevron.com
Industry Oil & Gas Integrated
CEO Michael K. Wirth
Employees 45298

Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant. The Downstream segment engages in refining crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels; transporting crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It is also involved in the cash management and debt financing activities; insurance operations; real estate activities; and technology businesses. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is based in San Ramon, California.