Chevron (CVX) Stock

The price of Brent crude, an important global oil standard, has dropped by about 20% in the last seven months. This is a significant change, but historically, such declines are not uncommon in the energy industry.

Chevron stated on Tuesday that the new law in California requiring oil refineries to keep a minimum amount of fuel was "flawed," as mentioned in a letter the company sent to state lawmakers.

For many years, investors have looked to Berkshire Hathaway, led by Warren Buffett, for investment ideas, his views on the market, and recommendations for the best stocks to purchase.

In the last year, the price of Brent Crude, an important global oil standard, has ranged from a low of $70.31 to a high of $93.12. Looking back over the past three years, the price has fluctuated even more, with a low of $69.53 and a high of $133.18.

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.

Energy stocks have risen significantly this year, but these three still appear to be excellent investment options.

If you're considering investing in oil stocks that pay dividends, there are three appealing strategies to explore in this sector.

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.