Nick White/DigitalVision via Getty Images Introduction Chevron, (NYSE:CVX) made a big splash on the upstream E&P-M&A leader board last fall with the announcement of its $53 bn plus debt takeout of Hess Corp, (HES). There was never any doubt as to their motivation for taking this good sized E&P off the table. HES’s stake in…
Mario Tama [Note: This piece will focus exclusively on standalone Chevron as it currently operates, meaning there will be no discussion of any implications the proposed acquisition of Hess Corp. (HES) might have on a Pro-Forma entity nor will I include any potential contributions from Hess’ assets in my financial and production forecasts. All company…
Mario Tama Thesis Readers following our writings know that we have been long-term bulls for Chevron Corporation (NYSE:CVX). We have been arguing for a bullish thesis on the stock since early 2022, when the stock price was in the $130 range. Its stock price then rallied robustly and reached as high as $185 in early…
Jeremy Poland Disclaimer: I’m not a geopolitical expert and this is all speculation on my part. The information presented is merely an exercise of thought and should be taken with a grain of salt. All opinions expressed are my own based on news releases that may or may not encompass all material information relating to…
As it prepares to finalize the acquisition of Hess, Chevron will announce its 37th year of dividend growth in January. Brandon Bell This is the latest in my series of articles where I provide predictions of annual dividend increases for long-term dividend growth companies. At the end of November, I provided predictions for 18 dividend…
Jeremy Poland Chevron Corporation (NYSE:CVX) common shares sank on earnings-related issues and now the threat of war between Guyana and Venezuela. Evidently Venezuela, which has completely destroyed a once-thriving oil industry, now wants to wreck another. More seriously, all the issues that have caused the Chevron stock price to tumble are likely to be quickly…
Mario Tama Chevron’s (NYSE:CVX) shares sold off after the energy producer announced the acquisition of independent energy company Hess (HES) in October. I believe investors are overreacting to the deal (which is good for Chevron) and the company’s third-quarter results were quite good as well. In my opinion, recent OPEC+ oil supply cuts represent favorable…
dk_photos John Hess – CEO of Hess Corp. (NYSE:HES) – has agreed to sell his company to Chevron (NYSE:CVX) for $171/share in an all-stock transaction worth an estimated $53 billion in Chevron (CVX) stock. Including debt, the transaction has a total enterprise value of $60 billion. On the heels of my recent Seeking Alpha article…
Mario Tama Chevron’s Acquisition Of Hess Corporation In a massive move by Chevron Corporation (NYSE:CVX), the company announced the acquisition of Hess Corporation (NYSE:HES). Hess is a leading independent oil and gas producer, as Chevron looks to bolster its resource depth and quality in Guyana. Accordingly, the deal is worth $53B, about 5.8% above the…
After the transaction is finalized, Chevron plans to escalate share repurchases by $2.5 billion, reaching the upper limit of its annual guidance range of $20 billion. Chevron Corporation, one of the leading global energy companies, has today announced its agreement to acquire an American oil production firm Hess for $53 billion. The deal is part…
A Chevron gas station at night is shown in Dallas, Texas, USA. JHVEPhoto Lately it has become fashionable for writers to predict that WTI crude oil will go to $300 per barrel. Several commentators floated this price target in recent months, and countless news outlets repeated their claims. It all got started back in the…