Últimas noticias sobre Chevron (NYSE:CVX) Bolsa

Chevron

Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.

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Chevron anuncia la creación de un centro tecnológico en India con una inversión de 1000M$ y la generación de 600 empleos para 2025.

Chevron (CVX) invertirá 1000M$ en nuevo centro tecnológico en India

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Hess Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) and Chevron Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>)&nbsp;shares are trading higher on Tuesday.
On Monday, the Federal Trade Commission (FTC) completed an antitrust review of the merger&nbsp;of both companies, satisfying a critical <a target="_blank" href="https://www.benzinga.com/government/24/09/41098199/ftc-clears-chevrons-53b-hess-merger-sets-restriction-for-john-hess" rel="noreferrer noopener">closing&nbsp;condition for the transaction</a>.
To facilitate the merger&#8217;s completion, Hess and Chevron have agreed that Hess CEO John Hess will not be on the Chevron board.
Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and its partner&nbsp;CNOOC Ltd had earlier asserted their right of first refusal to any sale of&nbsp;Hess&#8217;&nbsp;stake in a Guyana oil-producing joint venture. The arbitration panel is expected to hear these claims in May 2025.
Piper Sandler analyst Ryan M. Todd raised the valuation of Guyana (net to HES) from $40.6 billion to $45.6 billion, translating to $132 to $149 per share, due to notable increases in discovered resources and productivity in Guyana.
The analyst estimates Hess&#8217; stand-alone value at around $170 per share with Brent priced at $75 per barrel, suggesting that Hess is a compelling value opportunity for the first time in years.
Notably, given strong reservoir productivity and successful debottlenecking (12%-20% improvement), Todd expects each FPSO&#8217;s peak productive capacity to increase from approximately 2.0 Mboe/d to around 2.5 Mboe/d.
The analyst adds that while second-quarter production was 192 kbd (net to HES) in Guyana, they expect net production to peak at around 775 kbd, reflecting a 17% annual CAGR for nearly a decade, with peak CFO and FCF projected at $10.3 billion and $8.7 billion, respectively, vs. a $2.2 billion breakeven in 2023.
On the other hand, Wolfe Research analyst Doug Leggate&nbsp;upgraded Hess from Peer Perform to <a target="_blank" href="https://www.benzinga.com/quote/hes/analyst-ratings" rel="noreferrer noopener">Outperform with a price target of $150</a>.
The bullish outlook reflects the analyst&#8217;s view that current market conditions and the potential merger outcomes give Hess shares an attractive risk/reward profile, indicating that the valuation remains compelling regardless of whether the deal with Chevron proceeds.
Leggate&nbsp;cited three scenarios for Hess that support a positive outlook. The first scenario envisions the successful merger with Chevron, closing the current 11% arbitrage gap between the valuations of Hess and Chevron.
If the merger fails, the analyst expects Hess to trade based on its fundamentals, with a fair value starting point projected at about $150 per share.
The third scenario examines a failed merger, indicating that Hess has shown a willingness to be acquired, with Chevron likely remaining the sole interested party, says the analyst.
Price Action: HES shares are up 1.9% at $138.38, while CVX shares rose 1.28% at $149.17 at the last check Tuesday.
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41124018/chevron-honeywell-join-forces-for-ai-breakthrough-details" target="_blank" rel="noreferrer noopener">Chevron, Honeywell Join Forces For AI Breakthrough: Details</a></li>
</ul>

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Analyst Questions 'What Could Hess Be Worth?' As Chevron Advances In Acquisition Efforts

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Shares of energy stocks are trading higher amid a rise in oil prices after Iran launched a missile attack on Israel.

Chevron Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) announced a strategic collaboration with Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) to develop<a target="_blank" href="http://benzinga.com/pressreleases/24/10/n41115086/honeywell-and-chevron-collaborate-on-ai-assisted-solutions-for-refining-processes" rel="noreferrer noopener"> advanced artificial intelligence (AI)-assisted solutions</a>.
The solution aims at enhancing decision-making for operators, improving efficiency in refining processes, and boosting safety within the industrial automation sector.
This partnership represents a major advancement in AI-assisted solutions for plant operators.
The two companies are collaborating to create a new generation of AI-assisted alarm management solutions that enhance the efficiency, safety, and reliability of process operations and industrial assets.
The Alarm Guidance application will provide operators with guided actions for responding to alarms and operational events, reducing lost profits and safety incidents.
Using AI, the system will analyze historical data to identify patterns between alarms and effective operator responses that restore normal operations.
Through this collaboration, Chevron&#8217;s operators will integrate AI into Honeywell&#8217;s Experion distributed control system (DCS), enhancing decision-making and optimizing operations for improved efficiency and workforce upskilling, in line with Honeywell&#8217;s focus on automation.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/41063239/john-hess-blocked-from-joining-chevron-board-as-part-of-ftc-deal-for-antitrust-approval-of-53b-c" rel="noreferrer noopener">John Hess Blocked From Joining Chevron Board As Part Of FTC Deal For Antitrust Approval Of $53B Chevron-Hess Merger: Report</a>
Lucian Boldea President&nbsp;and CEO of Honeywell Industrial Automation said, &#8220;AI-Assisted automation is key to helping improve industrial plant performance while also addressing industry&#8217;s workforce shortage through institutional knowledge capture, workflow digitalization, and accelerating the learning curve for the next generation.&#8221;
Investors can gain exposure to the stock via&nbsp;EA Series Trust Strive U.S. Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRLL#NYSE">DRLL</a>) and&nbsp;SPDR Select Sector Fund – Energy Select Sector&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>).
Price Action: CVX shares are up 1.83% at $149.96 at the last check Tuesday.
Photo by Jonathan Weiss on Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/24/09/41098199/ftc-clears-chevrons-53b-hess-merger-sets-restriction-for-john-hess" target="_blank" rel="noreferrer noopener">FTC Clears Chevron&#8217;s $53B Hess Merger, Sets Restriction For John Hess</a></li>
</ul>

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Chevron, Honeywell Join Forces For AI Breakthrough: Details

Honeywell Enters Strategic Collaboration With Chevron To Develop Advanced Artificial Intelligence-Assisted Solutions

On Monday, Chevron&nbsp;Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) announced that the Federal Trade Commission (FTC) completed an antitrust review of its merger with Hess Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>), satisfying a critical closing <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b41096590/chevron-hess-merger-clears-ftc-antitrust-review" rel="noreferrer noopener">condition for the transaction</a>.
To facilitate the merger&#8217;s completion, Hess and Chevron have agreed that Hess CEO John Hess will not be on the Chevron board.
Instead, Mr. Hess will serve as an advisor to Chevron on government relations and social investments in Guyana and on support for the Salk Institute&#8217;s Harnessing Plants Initiative.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30114603/newplot-24.png" alt="" class="wp-image-572776" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30114603/newplot-24.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30114603/newplot-24-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
&#8220;I have the utmost respect for John, the company he has built, and the contributions he has made to our industry. It is unfortunate that our Board of Directors will not get the benefit of his decades of global experience, but we look forward to drawing upon his knowledge, relationships and experience in Guyana through his service as an advisor to Chevron,&#8221; said Chevron Chairman and CEO Mr. Wirth.
&#8220;Oil and gas are going to be needed for decades to come, and the key challenge is long-term investment,&#8221; <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b41096717/hess-announces-hsr-clearance-of-chevron-hess-merger" rel="noreferrer noopener">Mr. Hess said</a>. &#8220;For more than ten years, I have advocated for a significant increase in global investment, both in oil and gas and renewable energy, to have the necessary supply to keep energy affordable and secure for American consumers in the future.&#8221;
The merger&#8217;s completion remains subject to other closing conditions, including the satisfactory resolution of ongoing arbitration proceedings regarding preemptive rights in the Stabroek Block joint operating agreement. Chevron said it remains confident that the arbitration process will affirm the company&#8217;s position.
<a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40091118/chevrons-53b-hess-deal-faces-uncertainty-amid-exxon-and-cnooc-arbitration-claims" rel="noreferrer noopener">Prior reports indicated</a> Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and its partner&nbsp;CNOOC Ltd asserted their right of first refusal to any sale of&nbsp;Hess&#8217; stake in a Guyana oil-producing joint venture potentially hinder&nbsp;Chevron&#8217;s proposed $53 billion deal of Hess. The arbitration panel is now expected to hear these claims in May 2025.
Under the deal, Chevron will reportedly own a 30% stake in the consortium controlling all of Guyana&#8217;s oil production. Exxon leads the consortium with a 45% stake.
Earlier, Chevron CEO&nbsp;Michael Wirth had attacked President&nbsp;Joe Biden&#8217;s <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/41063239/john-hess-blocked-from-joining-chevron-board-as-part-of-ftc-deal-for-antitrust-approval-of-53b-c" rel="noreferrer noopener">administration&#8217;s halt on</a> liquefied natural gas export, citing higher costs and threatening&nbsp;supplies for America&#8217;s European backers.
Price Actions: CVX stock is up 0.25% at $145.87 at the last check Monday. HES stock is up 0.72% at $134.58.
Image via Shutterstock

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Regulations

FTC Clears Chevron's $53B Hess Merger, Sets Restriction For John Hess

Chevron Remains Confident That Arbitration Process Will Affirm Co's Position

Legal

CORRECTION: FTC Allows Chevron's $53B Acquisition Of Hess Corp

Management

FTC Consent Order Bars Hess CEO John Hess From Chevron's Board

Truist Securities analyst Neal Dingmann maintains Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) with a Hold and lowers the price target from $154 to $150.

Truist Securities Maintains Hold on Chevron, Lowers Price Target to $150

Wells Fargo analyst Roger Read maintains Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) with a Overweight and lowers the price target from $196 to $169.

Wells Fargo Maintains Overweight on Chevron, Lowers Price Target to $169

Antitrust regulators are set to prevent Hess Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) CEO John Hess from joining the board of Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) as part of a $53-billion merger deal.
What Happened: Chevron has tentatively agreed to this condition to secure approval for the merger, The Wall Street Journal reported on Friday, <a href="https://www.wsj.com/business/energy-oil/ftc-plans-to-block-hess-ceo-from-chevron-board-9e2b942a?mod=hp_listb_pos5">citing</a> sources familiar with the matter. 
The deal still faces an arbitration case involving Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and China National Offshore Oil Corporation over rights to a key oil project in Guyana.
The decision is a setback for John Hess, who was anticipated to join Chevron's board post-merger. However, he is expected to serve in an advisory capacity with Chevron, according to the report.
The Federal Trade Commission had paused its antitrust review of the Chevron-Hess deal until the arbitration process concluded. 
A significant arbitration hearing is scheduled for May 2025. The FTC has increased scrutiny on oil and gas mergers, previously barring former Pioneer Natural Resources CEO Scott Sheffield from joining Exxon's board under similar conditions, according to the report.
FTC, Chevron Corp, and Hess Corp did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/news/24/09/41040634/analyst-counters-pete-buttigiegs-assertion-that-inflation-went-down-after-bidens-ira-2022-they-are-s?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Analyst Counters Pete Buttigieg&#8217;s Assertion That Inflation Went Down After Biden&#8217;s IRA 2022: &#8216;They Are Still Rising And You Don&#8217;t Seem To Care&#8230; At All&#8217;</a>
Why It Matters: The decision to block John Hess from joining Chevron's board is a significant development in the ongoing merger between the two oil giants. 
The merger, valued at $53 billion, had already received <a href="https://www.benzinga.com/markets/equities/24/09/41003399/chevron-hess-merger-could-soon-get-ftc-approval-report">approval from Hess shareholders in May</a>. However, regulatory hurdles and arbitration issues have delayed its finalization.
In recent months, Chevron has been actively navigating regulatory <a href="https://www.benzinga.com/markets/equities/24/09/40964773/chevron-prioritizes-gas-sales-over-lng-plant-investment-report">landscapes and strategic decisions</a>. For instance, the company ruled out taking an equity stake in Woodside Energy Group Limited's upcoming acquisition of Driftwood LNG in Louisiana, opting instead to monetize its U.S. gas directly to the market.
Additionally, Chevron CEO Michael Wirth has publicly criticized President Joe Biden&#8216;s administration&#8217;s pause on liquefied natural gas export decisions, arguing that it could lead to higher energy costs and jeopardize <a href="https://www.benzinga.com/markets/equities/24/09/40920735/chevron-slams-bidens-lng-export-pause-touts-natural-gas-for-ai-growth-report">supplies for America&#8217;s European allies</a>.
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

John Hess Blocked From Joining Chevron Board As Part Of FTC Deal For Antitrust Approval Of $53B Chevron-Hess Merger: Report

<a href="https://www.bloomberg.com/news/articles/2024-09-26/chevron-agrees-hess-ceo-won-t-join-board-in-deal-with-us-ftc?utm_source=google&amp;utm_medium=bd&amp;cmpId=google">https://www.bloomberg.com/news/articles/2024-09-26/chevron-agrees-hess-ceo-won-t-join-board-in-deal-with-us-ftc?utm_source=google&amp;utm_medium=bd&amp;cmpId=google</a>
&nbsp;
Chevron Corp. agreed that Hess Corp. Chief Executive Officer John Hess won't join the company's board as part of an agreement with the US Federal Trade Commission allowing the companies' merger to proceed, people familiar with the matter said.

Reported Earlier, 'Chevron Agrees Hess CEO Won't Join Board In Deal With US FTC' - Bloomberg News

BROG

FANG

WFRD

Shares of oil and gas companies are trading lower, possibly as the sector pulls back after rallying on Tuesday due to China stimulus efforts and Middle East tension. Also, a report suggests that rival factions in Libya have resumed talks.

Chevron Says "We Are Shutting-In Production At Our Chevron-Operated Gulf Of Mexico Facilities And Evacuating All Associated Personnel"

Investors with a lot of money to spend have taken a bearish stance on Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CVX, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 12 uncommon options trades for Chevron.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 41%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $190,690, and 8 are calls, for a total amount of $575,763.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $90.0 to $165.0 for Chevron during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of Chevron stands at 1632.0, with a total volume reaching 6,310.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Chevron, situated within the strike price corridor from $90.0 to $165.0, throughout the last 30 days.
<h3>Chevron Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727207198_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$1.84</td>
<td>$1.77</td>
<td>$1.77</td>
<td>$160.00</td>
<td>$283.2K</td>
<td>5.5K</td>
<td>1.8K</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$4.4</td>
<td>$4.35</td>
<td>$4.4</td>
<td>$150.00</td>
<td>$123.2K</td>
<td>2.2K</td>
<td>406</td>
</tr>
<tr>
<td>CVX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$2.88</td>
<td>$2.86</td>
<td>$2.88</td>
<td>$130.00</td>
<td>$85.8K</td>
<td>2.5K</td>
<td>305</td>
</tr>
<tr>
<td>CVX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$4.2</td>
<td>$4.05</td>
<td>$4.05</td>
<td>$115.00</td>
<td>$40.5K</td>
<td>815</td>
<td>100</td>
</tr>
<tr>
<td>CVX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.78</td>
<td>$1.71</td>
<td>$1.78</td>
<td>$145.00</td>
<td>$39.1K</td>
<td>2.1K</td>
<td>297</td>
</tr>
</tbody>
</table>

<h3>About Chevron</h3>
Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.
In light of the recent options history for Chevron, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Chevron Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 4,234,428, with CVX's price up by 0.21%, positioned at $147.85.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 31 days.</li>
</ul>
<h3>What The Experts Say On Chevron</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $189.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Mizuho persists with their Outperform rating on Chevron, maintaining a target price of $189. 
&#x2A; An analyst from UBS has decided to maintain their Buy rating on Chevron, which currently sits at a price target of $189. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Chevron, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Unpacking the Latest Options Trading Trends in Chevron

Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>)&nbsp;shares are trading higher on Monday. The oil giant&#8217;s merger with Hess Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) may see a ray of hope, with the deal reportedly expected to receive Federal Trade Commission approval sooner.
In May 2024, Hess shareholders approved the proposed $53 billion merger. However, the deal still required regulatory approval and was expected to face arbitration with Hess&#8217; partners <a target="_blank" href="https://www.benzinga.com/m-a/24/05/39047788/hess-shareholders-approve-53-billion-merger-with-chevron" rel="noreferrer noopener">in Guyana, which could push the deal into 2025</a>.&nbsp;
The U.S. Federal Trade Commission may approve Chevron&#8217;s $53 billion acquisition of Hess as early as this week, reported Reuters.
In August, Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and its partner&nbsp;CNOOC Ltd filed arbitration claims, asserting their right of first refusal to any sale of&nbsp;Hess&#8217;&nbsp;stake <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40091118/chevrons-53b-hess-deal-faces-uncertainty-amid-exxon-and-cnooc-arbitration-claims" rel="noreferrer noopener">in a Guyana oil-producing joint venture</a>.
The arbitration panel is expected to hear these claims in May 2025, further delaying the deal.
Related: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39746845/exxon-mobil-arbitration-throws-wrench-in-chevron-hess-merger-timeline-report" rel="noreferrer noopener">Exxon Mobil Arbitration Throws Wrench in Chevron-Hess Merger Timeline: Report</a>
As per Reuters, Chevron and Hess expect a decision by August, while Exxon anticipates it will come by September 2025.
Notably, in July, the final members were appointed to a three-person arbitration panel tasked with resolving the&nbsp;Exxon Mobil&nbsp;dispute over&nbsp;the $53 billion merger. The deal was initially planned to close in the first half of the year.
Investors can gain exposure to the Chevron via&nbsp;E.A. Series Trust Strive U.S. Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRLL#NYSE">DRLL</a>) and&nbsp;SPDR Select Sector Fund – Energy Select Sector&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>).
Price Action: CVX shares are up 1.12% at $149.20 and HES is up 1.97% at $138.00 premarket at the last check Tuesday.
Photo by Jonathan Weiss on Shutterstock
Read Next:
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Media

Chevron-Hess Merger Could Soon Get FTC Approval: Report

Chevron Says Nonessential Personnel Being Transported From Gulf Of Mexico Facilities, No Effect To Production At These Platforms Due To Tropical Weather; Storm Preparedness Procedures Being Followed At Onshore Facilities

Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) reportedly ruled out taking an equity stake in Woodside Energy Group Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDS#NYSE">WDS</a>) <a href="https://www.benzinga.com//node/39879353">upcoming acquisition of Driftwood LNG in Louisiana.</a>
Colin Parfitt, head of midstream operations, told Reuters that Chevron can effectively monetize its U.S. gas without converting it to LNG.
The decision reflects the company&#8217;s earlier choice to bypass investment in U.S. LNG plant construction and sell its gas directly to the market instead.
In July 2023, Chevron executives said in an interview that the company is confident in its &#8216;buy-rather-than-build&#8217; strategy, which an S&amp;P Global <a target="_blank" href="https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/natural-gas/072023-interview-chevron-prefers-buying-us-lng-to-building-export-projects" rel="noreferrer noopener">report </a>highlighted.
During the interview, the company&#8217;s executives stated that Chevron&#8217;s U.S. LNG offtake contracts support its goal of increasing international sales of Permian Basin production, while the company will primarily leave U.S. midstream infrastructure development to third parties to focus on upstream and downstream investments.
In 2022, Chevron&nbsp;U.S.A. entered into long-term <a href="https://lngir.cheniere.com/news-events/press-releases/detail/253/cheniere-and-chevron-sign-long-term-lng-sale-and-purchase">LNG </a>sale and purchase agreements with Cheniere Energy. Notably, given the current interest rate environment, it&#8217;s interesting that Chevron chose not to invest in the construction of a U.S. LNG plant.
Recently, the Federal Reserve decided to reduce interest rates by 50 basis points leading to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40937291/bank-stocks-hit-inflection-point-after-feds-50-basis-point-cut-analyst-reveal-top-p" target="_blank" rel="noreferrer noopener">surge in optimism across major sectors</a>.
Further into the future, the Dot Plot signals the fed funds rate will drop to between 3.25% and 3.5% by the end of 2025, implying an additional 100 basis points of cuts. By the end of 2026 and the newly introduced projections for 2027, <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40926026/federal-reserve-delivers-bold-0-5-rate-cut-signals-further-easing-ahead" target="_blank" rel="noreferrer noopener">interest rates are expected to fall to 2.9%</a>.
It remains uncertain whether the company will alter its stance after future rate reductions as it wants the best use of its capital.
This week, Chevron Shipping Company, in partnership with Wärtsilä, disclosed that it will convert engines on six&nbsp;liquefied natural gas&nbsp;(LNG) carriers from dual-fuel to spark gas operation to cut methane&nbsp;emissions <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40941443/chevron-takes-steps-to-reduce-methane-emissions-from-lng-carriers" rel="noreferrer noopener">and support its carbon reduction goals</a>.
Investors can gain exposure to the Chevron via&nbsp;E.A. Series Trust Strive U.S. Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRLL#NYSE">DRLL</a>) and&nbsp;SPDR Select Sector Fund – Energy Select Sector&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>).
Price Action: CVX shares are up 0.13% at $145.18 at the last check Friday.
Photo by Jonathan Weiss on Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/09/40920735/chevron-slams-bidens-lng-export-pause-touts-natural-gas-for-ai-growth-report" target="_blank" rel="noreferrer noopener">Chevron Slams Biden&#8217;s LNG Export Pause, Touts Natural Gas For A.I. Growth: Report</a></li>
</ul>
Disclaimer: This content was partially produced with the help of A.I. tools and was reviewed and published by Benzinga editors.

Chevron Prioritizes Gas Sales Over LNG Plant Investment: Report

Financial giants have made a conspicuous bearish move on Chevron. Our analysis of options history for Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $157,715, and 5 were calls, valued at $192,642.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $80.0 to $155.0 for Chevron over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Chevron's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Chevron's whale trades within a strike price range from $80.0 to $155.0 in the last 30 days. 
<h3>Chevron Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726854426_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CVX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$4.95</td>
<td>$4.9</td>
<td>$4.95</td>
<td>$145.00</td>
<td>$99.0K</td>
<td>1.3K</td>
<td>328</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$3.2</td>
<td>$3.15</td>
<td>$3.2</td>
<td>$145.00</td>
<td>$56.0K</td>
<td>2.5K</td>
<td>109</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$0.89</td>
<td>$0.72</td>
<td>$0.75</td>
<td>$144.00</td>
<td>$44.9K</td>
<td>893</td>
<td>1.5K</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$66.35</td>
<td>$63.15</td>
<td>$65.28</td>
<td>$80.00</td>
<td>$32.6K</td>
<td>7</td>
<td>5</td>
</tr>
<tr>
<td>CVX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$4.95</td>
<td>$4.9</td>
<td>$4.9</td>
<td>$145.00</td>
<td>$32.3K</td>
<td>1.3K</td>
<td>118</td>
</tr>
</tbody>
</table>

<h3>About Chevron</h3>
Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.
After a thorough review of the options trading surrounding Chevron, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Chevron</h3>
<ul>
<li>With a volume of 5,946,837, the price of CVX is up 0.3% at $145.42. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 35 days.</li>
</ul>
<h3>Expert Opinions on Chevron</h3>
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $189.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Mizuho continues to hold a Outperform rating for Chevron, targeting a price of $189. 
&#x2A; An analyst from UBS has decided to maintain their Buy rating on Chevron, which currently sits at a price target of $189. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Chevron, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Chevron Unusual Options Activity For September 20

Chevron Corporation&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) Chevron Shipping Company, in partnership with Wärtsilä, will convert engines on six <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40920735/chevron-slams-bidens-lng-export-pause-touts-natural-gas-for-ai-growth-report" rel="noreferrer noopener">liquefied natural gas</a> (LNG) carriers from dual-fuel to spark gas operation to cut methane<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40934277/chevron-shipping-w-rtsil-partner-to-lower-methane-emissions-on-lng-carriers" rel="noreferrer noopener"> emissions and support its carbon reduction goals</a>.
The order for the first two vessels was placed in the third quarter of 2024 after two years of collaboration.
The company believes that reducing methane emissions is crucial for lowering carbon intensity.
Wärtsilä&#8217;s 50DF to SG engine conversion aims to address this by switching from diesel pilot fuel to spark ignition, optimizing combustion to reduce methane slip and enhance efficiency.
&#8220;Chevron Shipping aims to reduce methane emissions intensity of our LNG fleet in support of a lower carbon future,&#8221; said Barbara Pickering, president of Chevron Shipping.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40920735/chevron-slams-bidens-lng-export-pause-touts-natural-gas-for-ai-growth-report" rel="noreferrer noopener">Chevron Slams Biden&#8217;s LNG Export Pause, Touts Natural Gas For AI Growth: Report</a>
This week, in a speech at the GasTech conference in Houston on Tuesday,&nbsp;CEO&nbsp;Michael Wirth predicted that the permitting halt will lead to higher energy costs, jeopardize supplies for America&#8217;s European allies, and increase emissions by delaying the shift from coal to gas.
Wirth predicted that the permitting halt will lead to higher energy costs, jeopardize supplies for America&#8217;s European allies, and increase emissions by delaying the shift from coal to gas.
Last week, Chevron Shipping teamed up with&nbsp;Mitsui O.S.K. Lines (MOL) to install the Wind Challenger, a wind-assisted&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40858554/chevron-takes-step-towards-greener-shipping-details" rel="noreferrer noopener">propulsion&nbsp;system, on a new LNG carrier</a>.
Investors can gain exposure to the stock via&nbsp;EA Series Trust Strive U.S. Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRLL#NYSE">DRLL</a>) and&nbsp;SPDR Select Sector Fund – Energy Select Sector&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>).
Price Action: CVX shares are up 1.27% at $145.78 at the last check Thursday.
Photo by Jonathan Weiss on Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Chevron Takes Steps To Reduce Methane Emissions From LNG Carriers

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The oil and gas market showcases a promising outlook driven by improving extraction technologies and surging global consumption. Also, amid the growing LNG market, it could be wise to consider fundamentally sound stocks Chevron (CVX), Shell (SHEL), and Cheniere Energy (LNG) fueling the global energy market. Read more... Owing to the prevailing geopolitical concerns worldwide, oil and gas supply and demand are being disrupted continuously, leading to high price volatility. As a consequence, the oil and gas market is trending all over the world, offering more opportunities for investors.
Given the industry tailwinds, it could be wise to invest in sound energy stocks Chevron Corporation (<a href="https://stocknews.com/stock/CVX/">CVX</a>), Shell plc (<a href="https://stocknews.com/stock/SHEL/">SHEL</a>), and Cheniere Energy, Inc. (<a href="https://stocknews.com/stock/LNG/">LNG</a>) for potential gains.
Over time, <a href="https://www.statista.com/statistics/282801/primary-energy-demand-by-source-world/">energy consumption across the globe</a> has only increased, and the rally is expected to continue in the upcoming years. By 2045, primary energy consumption is expected to reach 359 million barrels of oil equivalent per day. Also, oil and gas will continue to dominate the global energy sector with their contribution of over 100 and 85 million barrels of oil equivalent per year.
Besides, IMARC Group has projected the global oil and gas market to value $65.80 billion by 2032, exhibiting a <a href="https://www.imarcgroup.com/oil-gas-market">CAGR of 15.8%</a>. The oil and gas market is currently favored by trends like rising geopolitical tensions, technological advancements, and shifting environmental policies driving the market demand.
Also, the <a href="https://www2.deloitte.com/us/en/pages/energy-and-resources/articles/lng-industry-trends-oil-natural-gas-report.html">rapidly maturing LNG industry</a> is expanding at a swift pace, with the liquefied natural gas trade growing at a quadrupled rate in the last two decades and set to grow twice in the next two decades. With the growing production and prevalence of unconventional gas extraction, the market is positioned for robust growth.
The <a href="https://www.mordorintelligence.com/industry-reports/global-lng-market-industry">LNG Market</a> is expected to grow to $103.41 billion by 2028, expanding at a CAGR of 6.8%, driven by increasing demand for gas power generation and a growing number of LNG-fueled fleets.
Also, investors' interest in energy stocks is evident from the Dimensional Emerging Core Equity Market ETF's (<a href="https://stocknews.com/stock/DFAE/">DFAE</a>) 21.7% returns over the past year.
Given the industry's robust outlook, let's delve into the fundamentals of the top <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> stocks, beginning with number 3.
Stock #3: Chevron Corporation (<a href="https://stocknews.com/stock/CVX/">CVX</a>)
CVX is engaged in integrated energy and chemicals operations internationally. The company operates through two segments, Upstream; and Downstream. It is involved in the exploration, development, production, and transportation of crude oil and natural gas, processing, liquefaction, transportation, and regasification of liquefied natural gas.
On August 12, CVX started oil and natural gas production from the Anchor project in the deepwater U.S. Gulf of Mexico. The Anchor production marked the successful delivery of high-pressure technology rated to safely operate at up to 20,000 psi, with reservoir depths reaching 34,000 feet below sea level.
On April 25, CVX's affiliate Tengizchevroil LLP started its operations at its Wellhead Pressure Management Project at the Tengiz oil field in Kazakhstan. The WPMP is designed to maintain the existing processing plants' total capacity of around 28 million tonnes per annum. This marked a significant step toward completing the Future Growth Project (FGP).
During the second quarter that ended June 30, 2024, CVX's total revenues and other income increased 4.7% year-over-year to $51.18 billion. Net income attributable to CVX came in at $4.43 billion and $2.43 per common share for the quarter, respectively.
In addition, the company's cash and cash equivalents and total assets stood at $4.01 billion and $260.64 billion as of June 30, 2024.
Street expects CVX's revenue for the fourth quarter (ending December 2024) to grow 2.7% year-over-year to $48.44 billion, and its EPS is expected to be $2.80. Also, over the past month, CVX's stock has gained marginally to close the last trading session at $147.54.
CVX's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
CVX has a B grade for Quality and Stability. It is ranked #52 out of 80 stocks in the <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> industry.
In addition to the POWR Ratings we've stated above, we also have other CVX ratings for Momentum, Sentiment, Growth, and Value. Get all CVX ratings <a href="https://stocknews.com/stock/CVX/">here</a>.
Stock #2: Shell plc (<a href="https://stocknews.com/stock/SHEL/">SHEL</a>)
Headquartered in London, United Kingdom, SHEL is an energy and petrochemical company operating in Europe, Asia, Oceania, Africa, the United States, and the rest of the Americas. The company operates in Integrated Gas; Upstream; Marketing; Chemicals and Products; and Renewables and Energy Solutions segments.
On August 1, SHEL's Board announced an interim dividend in respect of the second quarter of 2024 of $ 0.34 per ordinary share. SHEL pays an annual dividend of $2.73, which translates to a yield of 3.95% at the current share price. Its four-year average dividend yield is 3.09%.
On July 9, SHEL's subsidiary, Shell Trinidad and Tobago Ltd., announced its Final Investment Decision (FID) on the Manatee project, an undeveloped gas field in the East Coast Marine Area in Trinidad and Tobago. Manatee will enable SHEL to competitively grow its Integrated Gas business by building on development efforts in the ECMA.
Through this, the company will be able to meet the rising demand for natural gas globally, and the energy needs domestically in Trinidad and Tobago.
During the second quarter that ended June 30, 2024, SHEL's adjusted earnings rose 24% from the prior year's quarter to $6.29 billion and its adjusted EBITDA increased 16.4% year-over-year to $16.81 billion. Also, the company's cash flow from operating activities came in at $13.51 billion for the quarter.
In addition, as of June 30, 2024, the company's cash and cash equivalents and total assets were $38.15 billion and $394.78 billion, respectively.
Street expects SHEL's revenue for the first quarter (ending March 2025) to increase 8.9% year-over-year to $78.90 billion. Its EPS is expected to be $1.97 for the same period. Furthermore, the company surpassed the consensus EPS estimates in three of the trailing four quarters.
Over the past six months, SHEL's stock has gained 2.5% and 6.8% over the past year to close the last trading session at $69.08.
SHEL's sound fundamentals are reflected in its POWR Ratings. The stock has a B grade for Stability. Within the Energy – Oil &amp; Gas industry, SHEL is ranked #45 of 80 stocks.
<a href="https://stocknews.com/stock/SHEL/">Click here</a> to access other ratings of SHEL for Sentiment, Growth, Momentum, Quality, and Value.
Stock #1: Cheniere Energy, Inc. (<a href="https://stocknews.com/stock/LNG/">LNG</a>)
LNG is an energy infrastructure company primarily engaged in liquefied natural gas (LNG) related businesses. The company owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana, and the Corpus Christi LNG terminal near Corpus Christi, Texas.
On August 5, LNG's subsidiary Cheniere Marketing, LLC, entered into a long-term liquefied natural gas sale and purchase agreement with Galp Trading S.A., a subsidiary of Galp Energia, SGPS, S.A. Under the agreement, Galp will purchase about 0.5 million tonnes per annum of LNG from Cheniere Marketing for 20 years on a free-on-board basis.
On June 17, LNG's Board of Directors declared a quarterly cash dividend of $0.43 per common share, paid on August 16, 2024, to shareholders of record as of the close of business on August 9, 2024. LNG pays an annual dividend of $1.74, which translates to a yield of 0.95% at the current share price. Its four-year average dividend yield is 0.61%.
For the second quarter that ended June 30, 2024, LNG reported revenues of $21.63 billion. Net income attributable to Cheniere amounted to $880 million and $3.84 per share for the quarter, respectively. Also, the company's consolidated adjusted EBITDA was $1.32 billion.
Street expects LNG's revenue for the first quarter (ending March 2025) to increase 10.5% year-over-year to $4.70 billion. The company's EPS for the same quarter is expected to grow 17.3% year-over-year to $2.50. Moreover, the company has topped the consensus revenue and EPS estimates in three of the trailing four quarters.
LNG's stock has surged 13.9% over the past six months and 11.1% over the past year to close the last trading session at $182.33.
LNG's bright prospects are reflected in its POWR Ratings. LNG has a B grade for Momentum and Sentiment. LNG is ranked #18 among the 80 stocks in the same industry.
<a href="https://stocknews.com/stock/LNG/">Click here</a> to access LNG's ratings for Quality, Growth, Value, and Stability.
What To Do Next?
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<hr />
CVX shares were trading at $147.76 per share on Tuesday afternoon, up $0.22 (+0.15%). Year-to-date, CVX has gained 2.29%, versus a 20.78% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/cvx-shel-lng-3-lng-stocks-fueling-the-global-energy-market/>3 LNG Stocks Fueling the Global Energy Market</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 LNG Stocks Fueling the Global Energy Market

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