ChevronNYSE: CVX

Chevron has bounced back from its earnings drop in the second quarter of 2024, thanks to increased production and policies that benefit shareholders, such as dividends and stock buybacks. Although there was a 31% decrease in earnings compared to the same time last year in the third quarter of 2024, production, particularly in the Permian region, saw significant growth. The company continued to generate strong free cash flow in September and repurchased a substantial number of its shares.

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On Thursday, officials in California announced that they have finished the response to the spill at Chevron's Richmond Wharf port facility. However, they mentioned that the investigation will still be ongoing.

Chevron's dividend combines a strong yield with dependability.

QatarEnergy has purchased a share in the offshore block in the Mediterranean Sea that is operated by CVX.

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CVX has given contract extensions to the Shelf rigs Chaophraya and Krathong for an additional two years to enhance their operations in Thailand.

Chevron Corp announced on Sunday that it has begun to send staff back and resume production at its Gulf of Mexico platforms, which were shut down due to Hurricane Rafael.