Chevron (CVX) Stock

Chevron (CVX -4.56%) has a large supply of affordable natural gas resources throughout the U.S. This cleaner fuel could be important for supporting the growth of artificial intelligence (AI). AI technology needs a lot of electricity to operate the special chips used in data centers.

If you want to gain market insights and investment suggestions, Berkshire Hathaway, led by Warren Buffett, is a great option. From 1965 to 2023, the company has achieved an impressive 19.8% annual growth rate, while the S&P 500 has only reached 10.2%, including dividends. Many of Berkshire's investments are in dividend-paying stocks that share some of their profits with shareholders.

This week, leaders from major oil companies noticed that there is not much chance for refinery profits to improve soon. Chevron, Exxon Mobil, and Shell all shared their fourth-quarter earnings, which were significantly affected by a drop in fuel production margins.

Chevron Corporation (NYSE:CVX) will hold its Q4 2024 Earnings Conference Call on January 31, 2025, at 11:00 AM ET. The call will feature company representatives including Jake Spiering, Mike Wirth, and Eimear Bonner, along with various participants from financial institutions like RBC, Scotiabank, and Goldman Sachs. The operator will begin the call with a greeting.

Chevron Corporation (CVX -3.67%) shares dropped by 4.5% by 10:35 a.m. ET on Friday after the company announced higher revenue but lower earnings in its Q4 report released that morning.

Chevron's CEO, Mike Wirth, talks about the demand for energy in relation to artificial intelligence. He shares insights on how AI is influencing the energy sector.

On January 20, Trump signed an executive order to change the name of the Gulf of Mexico to the Gulf of America.

Chevron highlighted its "record production" and mentioned stock buybacks, along with a rise in its quarterly dividend.

HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) announced earnings of $3.2 billion ($1.84 per share - diluted) for the fourth quarter of 2024, up from $2.3 billion ($1.22 per share - diluted) in the same period of 2023. This quarter included severance costs of $715 million and impairment charges of $400 million, while foreign currency fluctuations boosted earnings by $722 million. Adjusted earnings for the fourth quarter of 2024 were $3.6 billion ($2.06 per share - diluted).