Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels, commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives; and transports crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California.

Chevron Corporation демонстрирует смешанную картину по ключевым финансовым показателям. С одной стороны, коэффициенты P/E, P/B и P/FCF значительно превышают медианные значения по отрасли, что может указывать на переоцененность акций. С другой стороны, компания показывает хорошие результаты по EPS, при этом ожидаемые показатели тоже выглядят многообещающе. Долговая нагрузка остается на низком уровне, что является позитивным фактором для стабильности компании. Несмотря на это, эффективность, измеряемая через ROE и ROA, ниже медианных значений, что вызывает опасения по поводу менеджмента и способности генерировать доход. Кроме того, отрицательная динамика валовой и операционной маржи указывает на возможные проблемы с контролем затрат. В то же время, рост выручки и чистой прибыли в последние годы добавляют уверенности в способности компании справляться с текущими вызовами. В целом, несмотря на некоторые сильные стороны, такие как устойчивые финансовые результаты и низкие уровни долга, высокие мультипликаторы и слабая эффективность ставят под сомнение текущую оценку акций Chevron.

Chevron Corporation

The S&P 500 Index ($SPX) (SPY) on Wednesday closed down -0.04%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.57%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.58%. June E-mini S&P futures (ESM26) fell -0.07%, and June E-mini Nasdaq futures (NQM26) rose +0.50%.
Stock indexes settled mixed on Wednesday, with the Dow Jones Industrials falling to a 1.5-week low. Soaring crude oil prices boosted inflation expectations and bond yields, and were negative for stocks. WTI crude oil surged to a 3-week high on Wednesday after the US signaled it will maintain its naval blockade of Iran for the foreseeable future. The Wall Street Journal reported that President Trump told his aides to prepare for an extended blockade and that it carries less of a risk for the US than resuming hostilities or walking away from the conflict without securing a deal that curbs Iran’s nuclear activities.
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The broader market came under pressure on Wednesday after three FOMC members dissented in favor of no easing bias in the FOMC ‘s decision to keep policy unchanged. Also, hawkish comments from Fed Chair Powell weighed on stocks, as he said a bit of monetary policy restraint is the right place to be. The 10-year T-note yield rose +6 bp to a 1-month high of 4.41%.
The Nasdaq 100 moved higher on Wednesday as technology stocks rallied on signs that demand for AI infrastructure remains strong. NXP Semiconductors NV rose +25%, and Seagate Technology Holdings Plc rose by more than +10% to lead chipmakers and AI infrastructure stocks higher after reporting stronger-than-expected earnings results. The markets are awaiting earnings from four of the Magnificent Seven technology stocks after Wednesday’s close, as Alphabet, Amazon, Microsoft, and Meta Platforms will report quarterly results.
Wednesday’s US housing starts and core capital goods new orders reports were better than expected, a supportive factor for stocks.
US MBA mortgage applications fell -1.6% in the week ended April 24, with the purchase mortgage sub-index up +1.2% and the refinancing sub-index down -4.4%. The average 30-year fixed rate mortgage rose by +2 bp to 6.37% from 6.35% in the prior week.
US Mar housing starts unexpectedly rose +10.8% m/m to a 15-month high of 1.502 million, stronger than expectations of a decline to 1.380 million. Mar building permits, a proxy for future construction, fell -10.8% m/m to a 7-month low of 1.372 million, weaker than expectations of 1.390 million.
US Mar capital goods new orders nondefense ex-aircraft and parts, a proxy for capital spending, rose +3.3% m/m, stronger than expectations of +0.5% m/m and the largest increase in 5.75 years.
WTI crude oil prices (CLM26) soared by more than +6% on Wednesday as the US and Iran are locked in a battle for control of the Strait of Hormuz, with both sides blocking the waterway to gain leverage during an extended ceasefire. The Strait of Hormuz remains essentially closed, threatening to deepen the global energy crisis, as flows of crude, natural gas, and oil products from the Persian Gulf have been cut off since the war began in late February. Crude prices raced to their highs on Wednesday after President Trump told Axios that he will not lift a naval blockade of Iran's ports until he secures a deal with Iran to address the country's nuclear program. The ongoing blockade could exacerbate global oil and fuel shortages, as about a fifth of the world’s oil and liquefied natural gas transits through the strait. Goldman Sachs estimates that crude output in the Persian Gulf has been curtailed by about 14.5 million bpd, or more than 50%, so far in April, and that the current disruption has drawn down nearly 500 million bbl from global crude stockpiles, which could hit a billion bbl by June.
As expected, the FOMC kept the fed funds target rate unchanged at 3.50% to 3.75%. The vote was 8-4 in favor of the decision, with Fed Governor Miran dissenting in favor of a -25 bp rate cut. Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari, and Dallas Fed President Lorie Logan said they "supported maintaining the target range for the federal funds rate but did not support inclusion of an easing bias in the statement at this time."
The post-meeting statement said, "Developments in the Middle East are contributing to a high level of uncertainty." Also, "job gains have remained low, on average," and the jobless rate "has been little changed in recent months, while inflation "is elevated, in part reflecting the recent increase in global energy prices."
Fed Chair Powell said policymakers think the policy stance is in a very good place to wait, as inflation is kind of misbehaving, and that maybe a little bit of restriction in monetary policy is the right place to be.
Kevin Warsh won the banking confirmation vote of the Senate Banking Committee on Wednesday, putting him on track to be confirmed as Fed Chair by the full Senate before Jerome Powell’s term ends on May 15. Fed Chair Powell said after Wednesday’s FOMC meeting that he will continue to serve as Fed Governor “for a period of time to be determined.” Mr. Powell’s seat on the Board of Governors doesn’t expire until 2028.
The markets are discounting a 0% chance for a +25 bp FOMC rate cut or a rate hike at the next FOMC meeting on June 16-17.
Earnings season ramps up this week with several Magnificent Seven technology stocks reporting. Earnings results thus far have been supportive of stocks. As of Wednesday, 81% of the 220 S&P 500 companies that reported Q1 earnings have beaten estimates. Q1 S&P 500 earnings are projected to climb +12% y/y, according to Bloomberg Intelligence. Stripping out the technology sector, Q1 earnings are projected to increase around +3%, the weakest in two years.
Overseas stock markets settled mixed on Wednesday. The Euro Stoxx 50 fell to a 3-week low and closed down -0.34%. China's Shanghai Composite closed up +0.71%. Japan's Nikkei Stock Average did not trade, as markets in Japan were closed for the Showa Day holiday.
Interest Rates
June 10-year T-notes (ZNM6) on Wednesday closed down -16 ticks. The 10-year T-note yield rose +5.5 bp to 4.4010%. Jun T-notes fell to a 4-week low, and the 10-year T-note yield rose to a 1-month high of 4.430%. T-notes were under pressure on Thursday amid rising crude oil prices, as WTI surged more than +6% to a 32-week high, boosting inflation expectations. The 10-year breakeven inflation rate rose to 1 14.5-month high of 2.479% on Wednesday. T-notes were also pressured by stronger-than-expected US economic reports on Mar housing starts and Mar core capital goods new orders.
T-notes sank to their lows on Wednesday afternoon after three FOMC members dissented in favor of a no-easing bias in the committee’s policy decision. Also, Fed Chair Powell said a little bit of restriction in monetary policy is the right place to be.
European government bond yields moved higher on Wednesday. The 10-year German bund yield rose to a 1-month high of 3.118% and finished up +4.3 bp to 3.110%. The 10-year UK gilt yield climbed to a 1-month high of 5.078% and finished up +6.5 bp to 5.071%.
Eurozone Apr economic confidence fell -3.2 to a nearly 5.5-year low of 93.0, weaker than expectations of 95.1.
Eurozone Mar M3 money supply rose +3.2% y/y, stronger than expectations of +3.1% y/y.
Swaps are discounting a 12% chance of a +25 bp ECB rate hike at its next policy meeting on Thursday.
US Stock Movers
NXP Semiconductors NV (NXPI) closed up more than +25% to lead chipmakers and AI infrastructure stocks higher after forecasting Q2 revenue of $3.35 billion to $3.55 billion, stronger than the consensus of $3.27 billion. Intel (INTC) closed up more than +12%, and Seagate Technology Holdings Plc (STX) closed up +11% after forecasting Q4 adjusted EPS of $4.80 to $5.20, well above the consensus of $3.96. Also, Sandisk (SNDK) and Microchip Technology (MCHP) closed up more than +6%, and Western Digital (WDC) closed up more than +5%. In addition, Advanced Micro Devices (AMD) and Qualcomm (QCOM) closed up more than +4%, and Micron Technology (MU) and Marvell Technology (MRVL) closed up more than +2%.
Energy producers and service providers rallied on Wednesday after WTI crude oil rose more than +6% to a 3-week high. Phillips 66 (PSX) closed up more than +5%, and APA Corp (APA) and Valero Energy (VLO) closed up more than +4%. Also, Marathon Petroleum (MPC), Occidental Petroleum (OXY), Devon Energy (DVN), and ConocoPhillips (COP) closed up more than +3%, and Diamondback Energy (FANG), Exxon Mobil (XOM), Halliburton (HAL), and Chevron (CVX) closed up more than +2%.
Airlines and cruise line operators were under pressure on Wednesday as WTI crude oil rose more than +6% to a 2-week high. Alaska Air Group (ALK) closed down more than -3%, and American Airlines Group (AAL), Southwest Airlines (LUV), and Carnival (CCL) closed down more than -2%. Also, United Airlines Holdings (UAL) andDelta Air Lines (DAL) closed down more than -1%.
Bloom Energy (BE) closed up more than +27% after boosting its full-year revenue forecast to $3.4 billion to $3.8 billion from a prior forecast of $3.1 billion to $3.3 billion, above the consensus of $3.25 billion.
Generac Holdings (GNRC) closed up more than +16% after reporting Q1 net sales of $1.06 billion, better than the consensus of $1.05 billion.
Rush Street Interactive (RSI) closed up more than +16% after forecasting full-year revenue between $1.49 billion and $1.54 billion, better than the consensus of $1.38 billion.
Visa (V) closed up more than +8% to lead gainers in the Dow Jones Industrials after reporting Q2 net revenue of $11.23 billion, stronger than the consensus of $10.74 billion.
Starbucks (SBUX) closed up more than +8% after reporting Q2 comparable sales were up +6.20%, well above the consensus of +3.65%, and raised its full-year comparable sales forecast to at least +5% from a prior view of at least +3%.
General Dynamics (GD) closed up more than +7% after reporting Q1 revenue of $13.48 billion, well above the consensus of $12.70 billion.
Teradyne (TER) closed down more than -19% to lead losers in the S&P 500 after forecasting Q2 revenue of $1.15 billion to $1.25 billion, failing to exceed the consensus of $1.20 billion meaningfully.
GE Healthcare (GEHC) closed down more than -13% to lead losers in the Nasdaq 100 after cutting its full-year adjusted EPS forecast to $4.80 to $5.00 from a previous forecast of $4.95 to $5.15, weaker than the consensus of $5.06.
Robinhood Markets (HOOD) closed down more than -13% after reporting Q1 net revenue of $1.07 billion, below the consensus of $1.14 billion.
Brown-Forman (BF.B) closed down more than -10% after JPMorgan Chase downgraded the stock to underweight from neutral with a price target of $23.
CoStar Group (CSGP) closed down more than -5% after forecasting full-year revenue of $3.78 billion to $3.82 billion, the midpoint below the consensus of $3.81 billion.
Ingersoll Rand (IR) closed down more than -4% after forecasting full-year organic revenue to climb 0% to +2%, the midpoint below the consensus of +1.44%.
Earnings Reports(4/30/2026)
A O Smith Corp (AOS), Air Products and Chemicals Inc (APD), Alliant Energy Corp (LNT), Altria Group Inc (MO), American International Group Inc (AIG), AMETEK Inc (AME), Amgen Inc (AMGN), Apple Inc (AAPL), Arthur J Gallagher & Co (AJG), Baxter International Inc (BAX), Bristol-Myers Squibb Co (BMY), Broadridge Financial Solutions (BR), Builders FirstSource Inc (BLDR), Camden Property Trust (CPT), Cardinal Health Inc (CAH), Carrier Global Corp (CARR), Caterpillar Inc (CAT), Cigna Group/The (CI), Clorox Co/The (CLX), ConocoPhillips (COP), CRH PLC (CRH), Dexcom Inc (DXCM), DTE Energy Co (DTE), Eli Lilly & Co (LLY), First Solar Inc (FSLR), Fortive Corp (FTV), GoDaddy Inc (GDDY), Hershey Co/The (HSY), Hubbell Inc (HUBB), Illinois Tool Works Inc (ITW), Intercontinental Exchange Inc (ICE), International Paper Co (IP), Iron Mountain Inc (IRM), Kimco Realty Corp (KIM), L3Harris Technologies Inc (LHX), Labcorp Holdings Inc (LH), Martin Marietta Materials Inc (MLM), Mastercard Inc (MA), Merck & Co Inc (MRK), Molson Coors Beverage Co (TAP), Monolithic Power Systems Inc (MPWR), Parker-Hannifin Corp (PH), Quanta Services Inc (PWR), ResMed Inc (RMD), Royal Caribbean Cruises Ltd (RCL), Sandisk Corp/DE (SNDK), Smurfit Westrock PLC (SW), Southern Co/The (SO), Stryker Corp (SYK), T Rowe Price Group Inc (TROW), Textron Inc (TXT), Trane Technologies PLC (TT), Valero Energy Corp (VLO), Western Digital Corp (WDC), Weyerhaeuser Co (WY), Willis Towers Watson PLC (WTW), Xcel Energy Inc (XEL).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Settle Mixed Ahead of Megacap Tech Earnings

In early trading on Wednesday, shares of Visa topped the list of the day's best performing Dow Jones Industrial Average components, trading up 10.0%. Year to date, Visa has lost about 3.0% of its value.
And the worst performing Dow component thus far on the day is Home Depot, trading down 2.1%. Home Depot is lower by about 6.4% looking at the year to date performance.
Two other components making moves today are Sherwin-Williams, trading down 1.7%, and Chevron, trading up 1.0% on the day.
VIDEO: Dow Movers: HD, V
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Dow Movers: HD, V

Key Points
Microsoft, Amazon, Meta Platforms, and Alphabet shook the markets when they reported earnings three months ago. Will they do it again?
The Iran war and rising oil prices put more focus on ExxonMobil and Chevron.
This week is one of the most notable on the stock market's calendar this spring -- we are now deep into earnings season, with more than 900 companies stepping up to the podium to announce their quarterly results.
Among them are some of the biggest and most consequential companies central to critical investing themes. Several earnings reports filed this week could be market-moving.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Here are eight companies reporting earnings that you should be keeping an eye on this week.
Robinhood Markets
Robinhood Markets (NASDAQ: HOOD) is an interesting fintech company that revolutionized investing for many. Through its easy-to-use app, commission-free stock trading, and access to cryptocurrencies and prediction markets, Robinhood has been one of the best fintech stocks in the last year. Shares over the last 12 months are up 70%.
Robinhood reports earnings after the closing bell April 28. While it's likely that a slowdown in cryptocurrency trading -- thanks to a drop in those markets -- will weigh on earnings, investors should also be looking at growth in prediction markets. Robinhood previously disclosed that event contract trading reached 3.4 billion contracts in January alone.
The major AI hyperscalers
April 29 will be a huge day for any investor who is involved in technology and the growth of artificial intelligence. Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Meta Platforms (NASDAQ: META), Amazon (NASDAQ: AMZN), and Microsoft (NASDAQ: MSFT) are all scheduled to post their quarterly earnings.
Three months ago, these four companies rocked the market when they announced plans to spend $700 billion combined this year on AI infrastructure. The spending -- much of it on powerful semiconductors -- raised many questions about whether these companies were investing too much in AI and whether they would be able to realize returns over the next several quarters. The companies are increasing their capital expenditure budgets by more than 60% from 2025.
The major issue is free cash flow -- all four of these Magnificent Seven members have enjoyed strong cash flow over the years, but those numbers have been dropping as they increase AI investment. Look for all four companies to acknowledge how much they've spent on capex over the last three months, how much they expect to spend for the rest of the year, and take note of free cash flow numbers when they post their earnings on April 29.
Also, remember that any slowdown in capex will adversely affect chipmakers such as Nvidia, Advanced Micro Devices, and Broadcom.
Apple
Apple (NASDAQ: AAPL) is another Magnificent Seven stock, but its story differs from its peers'. When Apple reports its earnings on April 30, the biggest thing to look at is the Apple 17 series sales numbers from the line that came out last year. Its iPhone sales jumped 23% year over year in the most recent quarter, and investors will want that uptick to continue.
Apple also saw strong sales in China in the last quarter, with revenue of $25.52 billion rising 37% from a year ago. China is a critical market for Apple, but the company also faces more competition from Chinese-made phones.
Also of note is Apple's CEO transition, as longtime chief executive Tim Cook will become chairman of the board in September to make way for incoming CEO John Ternus.
The big oil companies
The Iran war and ongoing difficulties in moving oil tankers through the Strait of Hormuz have roiled the oil markets, pushing oil to $100 per barrel -- and there have been times in which it's been much higher. It's against that backdrop that two major oil companies, ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX), will report earnings on May 1.
For both companies, the rising price of oil could bring mammoth profits, which is why their stocks have jumped about 25% so far this year. But this is the first earnings report for either company since the Iran war began in late February, so management commentary and the companies' forecasts will be closely watched.
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Patrick Sanders has positions in Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Apple, Broadcom, Chevron, Meta Platforms, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

8 Company Earnings to Watch This Week (April 27-May 1)

Chevron Corporation CVX is slated to release first-quarter 2026 results on May 1, before market open.
The Zacks Consensus Estimate for revenues is pegged at $47.4 billion, implying only a modest decrease of 0.5% from the year-ago quarter. The consensus earnings mark of 92 cents per share has remained unchanged over the past seven days, suggesting a 57.8% decline from the year-ago reported number.
For full-year 2026, the Zacks Consensus Estimate for CVX’s revenues is pegged at $214 billion, implying an improvement of 13.2% year over year. The consensus mark for 2026 earnings per share stands at $13.55, indicating a surge of 85.9%.
CVX's Earnings Surprise History
In the last reported quarter, the company delivered an earnings surprise of 5.6%. Chevron’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 5.6%.
Chevron Corporation Price and EPS Surprise
Q1 Earnings Whispers for Chevron
The proven Zacks model does not conclusively show that Chevron is likely to beat estimates in the first quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. But that’s not the case here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: CVX has an Earnings ESP of 0.00%. This is because the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at 92 cents per share each.
Zacks Rank: Chevron currently carries a Zacks Rank #1, which increases the predictive power of ESP. However, the company’s 0.00% ESP makes surprise prediction difficult this earnings season.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Factors Shaping CVX’s Upcoming Q1 Results
Chevron’s ongoing cost restructuring is quietly strengthening its earnings base. The company has already delivered $1.5 billion in structural cost savings in 2025, with a clear roadmap to reach $3-$4 billion by the end of 2026, driven largely by efficiency improvements and technology integration. These savings are not one-off — they are embedded into operations, lowering unit costs and lifting margins. Combined with a leaner operating model and improved supply-chain execution, this creates a stronger free cash flow profile, even in a volatile price environment. This is likely to have had a positive effect on Chevron’s first-quarter earnings and cash flows.
But on a somewhat bearish note, Chevron’s first-quarter performance is likely to have been weighed down by lower volumes and downstream pressures. According to the Zacks Consensus Estimate, production is expected to fall to 3,860 thousand oil-equivalent barrels per day (MBOE/d) from more than 4,000 MBOE/d in fourth-quarter 2025, mainly due to downtime at Tengiz and weaker output in Israel and the Partitioned Zone.
At the same time, downstream earnings face added strain from turnarounds, downtime ($275–$325 million impact) and a legal charge of $350-$400 million. These combined factors could temporarily compress overall earnings despite stronger upstream pricing. Consequently, the Zacks Consensus Estimate for the first-quarter downstream segment is currently pegged at a loss of $1.3 billion. In the year-ago period, Chevron had reported a profit of $325 million.
While near-term volumes dip, Chevron’s longer-term trajectory remains intact. Management continues to guide for 7-10% production growth in 2026, supported by ramp-ups in high-margin assets like the Permian, Guyana and the Gulf of America. Major developments, including Tengiz expansion and offshore projects, are expected to add scale progressively through 2026. This growth, paired with higher commodity price sensitivity ($1.6-$2.2 billion upstream uplift in first-quarter 2026), positions the company to expand earnings beyond the current quarter. Consequently, the Zacks Consensus Estimate for CVX’s first-quarter upstream income is pegged at $3.7 billion, implying a 21.2% improvement from the profit achieved in the fourth quarter of 2025.
Updates From Chevron’s Global Peers: ExxonMobil and Shell
Rival ExxonMobil XOM signaled that its first-quarter 2026 earnings may decline despite stronger oil and gas prices driven by Iran war-related supply disruptions. ExxonMobil expects upstream earnings gains from higher prices, but large negative timing effects from hedging — estimated at several billion dollars — will weigh on overall profits. ExxonMobil also faces a 6% drop in production due to the Middle East disruptions. Downstream performance is expected to be significantly impacted by delayed cargo deliveries. Despite these challenges, ExxonMobil indicated that these temporary effects should unwind, with profitability likely improving in the upcoming quarters.
Meanwhile, European oil major Shell plc SHEL has outlined a mixed Q1’26 outlook, as weaker gas production and geopolitical disruptions weigh on performance. However, Shell expects strong oil trading and marketing gains to offset some of this pressure. Shell continues to face challenges in Qatar, impacting output and liquidity, but LNG volumes remain stable. Despite rising debt, Shell maintains a manageable balance sheet, and its diversified operations and trading strength help it navigate volatility and support overall earnings stability.
CVX Price Performance & Stock Valuation
Shares of Chevron have gone up 19.9% in the past six-month period compared with the broader Zacks Energy sector’s growth of more than 28%. Shares of ExxonMobil have gained 28.9%, while the Shell stock has gone up 15.8%.
6-Month Price Performance
Image Source: Zacks Investment Research
From a valuation perspective — in terms of forward price-to-earnings ratio — Chevron is trading at a premium compared to the industry average. The stock is also trading above its five-year mean of 11.86.
Image Source: Zacks Investment Research
How Should You Play CVX Pre-Q1 Earnings?
Chevron is well-positioned heading into its first-quarter results, benefiting from a sharp rise in oil and gas prices driven by Middle East supply disruptions. With minimal exposure to the region, the company stands to capitalize on higher commodity prices while avoiding the operational setbacks impacting several peers. Management expects a significant sequential boost in upstream earnings, supported by strong pricing trends.
Although production is set to dip modestly due to temporary project-related downtime, long-term growth prospects remain intact with key developments in Guyana, the Permian and other regions. Ongoing cost reduction efforts are enhancing margins and cash flow. Coupled with strong shareholder returns and a resilient asset base, Chevron presents a compelling investment case ahead of its quarterly release.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Is Chevron Stock Worth Buying Ahead of Q1 Earnings Release?

Key Points
Goldman Sachs sees several potential oil price scenarios playing out.
Its adverse case predicts Brent oil will remain over $100 by year's end.
Higher oil prices will enable oil companies to produce more cash than initially expected this year.
Oil prices are moving higher today. Brent, the global oil benchmark, rose more than 2% by mid-morning on Monday to over $100 a barrel amid a continued stalemate in peace talks between the U.S. and Iran. While Iran reportedly submitted a proposal to reopen the Strait of Hormuz, it would mean postponing talks about its nuclear program.
If the Strait of Hormuz doesn't normalize by the end of July, Brent will likely end the year over $100 a barrel, according to a new prediction by Goldman Sachs. Here's what fuels that view and what it means for oil stocks.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Modeling the impact
Goldman Sachs initially forecast that Brent oil would end this year at $60 a barrel. However, it now expects oil to be well above that price point, with the final level dependent on when the Strait of Hormuz reopens and full oil flows resume.
The investment bank's current base case is that the oil flows through the Strait of Hormuz will fully recover by the end of June. Under this scenario, regional output would remain about 500,000 barrels of oil per day below the pre-war level due to production shut-ins at oil wells. If this scenario plays out, Brent would likely end the year below $90 a barrel.
However, in a more adverse case, Brent would average just over $100 a barrel by year-end. This scenario assumes that exports from the Gulf don't normalize until the end of July. It also assumes a 500,000-barrel-per-day reduction in production capacity due to shut-in wells. Under this scenario, Brent would likely reach more than $120 a barrel within the next two months and then steadily decline.
Goldman Sachs has also modeled a severely adverse case in which oil flows recover only about 70% of pre-war capacity due to a greater-than-anticipated impact from production shut-ins. Under this scenario, Brent would hit more than $140 a barrel over the next few months before tapering off to around $120 by year-end.
Higher for longer
All of Goldman Sachs' scenarios predict that oil prices will end this year much higher than initially anticipated. Even in the bank's benign scenario (flows fully recover by mid-June with no production hit and more supply support from the U.S. and OPEC), Brent would fall to just under $80 by year-end.
The likelihood of continued elevated oil prices will benefit oil companies, most of which budgeted for much lower oil prices this year. For example, Chevron (NYSE: CVX) completed several major expansion projects last year and closed its acquisition of Hess. Add in cost-savings initiatives, and Chevron can generate an additional $12.5 billion of free cash flow this year at $70 Brent oil. Chevron estimates that every $1 change in Brent will increase its cash flow by $600 million this year. An average Brent price of $90 would boost its earnings by another $12 billion this year. The company will likely return most of this windfall to shareholders by repurchasing shares at the high end of its $10 billion to $20 billion annual target range.
Meanwhile, Occidental Petroleum (NYSE: OXY) initially expected to deliver a more than $1.2 billion improvement in its free cash flow this year, driven by capital and cost savings. Occidental is now on track to deliver an even bigger boost. The company estimates that every $1 change in oil prices will boost its annualized cash flows by $265 million. Occidental could use that extra cash to repay additional debt, opportunistically repurchase shares, increase capital spending to boost production, and accelerate the resumption of repurchasing Berkshire Hathaway's preferred stock investment.
Oil could remain high for the rest of the year
If oil doesn't start flowing through the Strait of Hormuz soon, oil prices will likely end the year above $100 a barrel. That would enable oil companies to generate a lot more cash flow than initially expected this year, which they can use to create more value for shareholders. This increasingly likely scenario suggests investors should consider buying oil stocks to capitalize on higher prices.
Should you buy stock in Occidental Petroleum right now?
Before you buy stock in Occidental Petroleum, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Occidental Petroleum wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $498,522!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,276,807!*
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Matt DiLallo has positions in Berkshire Hathaway and Chevron. The Motley Fool has positions in and recommends Berkshire Hathaway, Chevron, and Goldman Sachs Group. The Motley Fool recommends Occidental Petroleum. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Goldman Sachs Predicts $100 Oil Through the End of 2026 if Flows Don't Normalize Soon. Here's What That Means for Oil Stocks.

Eni S.p.A. E on April 20, 2026 announced a significant gas discovery at the Geliga-1 exploration well in the Kutei Basin, offshore Indonesia. Following the announcement, E shares rose 2.83% to $54.11 per share.
The well, which encountered substantial hydrocarbon resources, is located in the Ganal block, around 70 km off the East Kalimantan coast. The discovery is estimated to contain 5 trillion cubic feet (Tcf) of gas and 300 million barrels of condensate.
The Geliga-1 well was drilled to a depth of about 5,100 meters in a water depth of around 2,000 meters. The well hit a substantial gas column in the targeted Miocene interval, which demonstrated strong petrophysical characteristics. A Drill Stem Test is planned to evaluate the reservoir’s productivity.
The discovery highlights the strong resource potential of the Kutei Basin, following the Geng North discovery in 2023 and the Konta-1 discovery in December 2025. This also reinforces Indonesia’s position as an important emerging hub for natural gas and LNG supply.
The discovery aligns with Eni’s broader strategy of focusing on gas as a transition fuel and concentrating on scalable development areas that can accelerate production while lowering costs.
Eni reported multiple recent exploration successes in the same basin, strengthening the commercial viability of the region. The Geliga find is expected to be integrated into existing and planned infrastructure to reduce costs and time, while supporting domestic energy demand and international LNG exports.
The Geliga discovery is situated next to the 2 Tcf Gula field. The combined fields are expected to yield 1 billion standard cubic feet per day of gas and 80,000 barrels per day of condensate. Together, these assets could support a fast-track third hub in the Kutei Basin using the established North Hub concept.
Through its partnership with Petronas, Eni aims to fast-track development and generate additional cash-flow by integrating its technical expertise and resources.
Overall, the discovery is set to unlock significant gas volumes, supporting regional energy security while enhancing Eni’s long-term growth in the global LNG market.
Eni currently sports a Zacks Rank #1 (Strong Buy).
Some other top-ranked stocks in the energy sector are Chevron Corporation CVX, Equinor ASA EQNR and BP plc BP. CVX and EQNR each sport a Zacks Rank #1, and BP currently has a Zacks Rank #2 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
Like Eni, Chevron, Equinor and BP have a strong presence in upstream operations and are enjoying a favorable business environment, as West Texas Intermediate crude prices are trading above $90 per barrel, which is significantly higher than the $60.42 per barrel recorded a year ago, per data from oilprice.com.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Eni Stock Rises 2.83% Post Unlocking 5Tcf Gas Potential in Kutei Basin

Petróleo Brasileiro S.A. - Petrobras PBR has emerged as a standout energy play, rallying sharply as rising crude prices and global supply disruptions reshape the oil market. With prices hovering near $100 per barrel — well above its conservative planning assumptions — the company is poised to generate significantly higher free cash flow and boost shareholder returns. Petrobras benefits from limited exposure to Middle Eastern instability, allowing it to capitalize on favorable pricing without major operational risks. This unique combination of strong production growth, free cash flow generation and disciplined shareholder return positions the company as a compelling investment opportunity. For investors seeking energy exposure in 2026, this Brazilian giant is increasingly difficult to ignore.
Steady Pre-Salt-Driven Production Growth Through 2030
Petrobras’ production growth outlook reflects a combination of near-term acceleration and long-term resilience driven by its high-quality pre-salt portfolio and ongoing project ramp-ups. The company exited 2025 with total oil and gas production, including NGL, at around 2.99 million barrels of oil equivalent per day (BOE/d) and targets a steady increase toward 3.4 million BOE/d by 2028, before stabilizing near that level through 2030. This growth trajectory is underpinned by new FPSO deployments, improved operational efficiency and reservoir optimization initiatives, particularly in the Santos Basin. Natural gas production is also expected to rise steadily, adding diversification to the production mix. Overall, Petrobras’ production growth is characterized by disciplined capital allocation, low-cost assets and a focus on maximizing recovery, positioning it to deliver consistent volume expansion while maintaining industry-leading margins.
This gives Petrobras an edge over U.S. peers like Chevron Corporation CVX and Exxon Mobil Corporation XOM, which expect a fall in their first-quarter production. Chevron recently announced that it expects its first-quarter production to fall to 3.8-3.9 million boed from just more than 4 million boed in the previous quarter. The decline is mainly tied to downtime at the Tengizchevroil project in Kazakhstan and lower output from assets in Israel and the Saudi-Kuwaiti Partitioned Zone. ExxonMobil announced that disruptions to its operations in Qatar and the United Arab Emirates are expected to cut its global oil-equivalent output by 6% in the first quarter versus the prior quarter.
PBR’s Robust Free Cash Flow Backed by Low-Cost Asset Base
Petrobras generates robust free cash flow (FCF), supported by its low-cost upstream operations and disciplined capital spending framework. In 2025, the company reported free cash flow of $16.5 billion despite a weaker Brent price environment. This demonstrates the resilience of its asset base, particularly the pre-salt fields. Looking ahead, the 2026-2030 business plan projects annual operating cash flow (OCF) in the range of $35-$42 billion, with capital expenditures maintained at controlled levels of roughly $17-$21 billion per year, enabling sustained FCF generation. The company’s breakeven is estimated at around $59/bbl Brent, highlighting its ability to remain cash flow positive even in lower price scenarios. The sensitivity of cash flow to oil prices remains significant (e.g., a $10/bbl change in Brent impacts OCF by $5 billion). The latest bullish wave about Petrobras was triggered by Brent wobbling around $100 per barrel, well above its long-term planning assumption. That price environment would materially expand its FCF capacity.
Image Source: Petroleo Brasileiro S.A. - Petrobras
Disciplined Dividend Policy Anchored to Free Cash Flow
Petrobras’ dividend policy is closely tied to its free cash flow, positioning it among the most shareholder-focused oil majors. The company distributes around 45% of FCF to investors, provided debt stays within targeted levels and financial stability is maintained. In 2025, this resulted in about $7.5 billion in total shareholder payouts. Dividends are issued quarterly, ensuring consistency, with room for additional extraordinary payouts when cash flows exceed expectations. The framework also allows distributions in certain low-income periods, subject to financial and legal limits. Backed by disciplined spending and a flexible capital structure, Petrobras maintains dividend capacity even in volatile markets, offering a high-yield, performance-linked return profile.
PBR’s Strong Price Performance, Estimate Revisions & Valuations
Petrobrashas posted an impressive performance over the past year, with its shares surging 81.3%, outperforming the sub-industry’s 43.8% growth. Peer comparison further highlights the strength, as Petrobras conveniently outperformed its peers, Chevron and ExxonMobil, which gained 32.2% and 37%, respectively, during the same time period.
Image Source: Zacks Investment Research
Over the past 30 days, the Zacks Consensus Estimate for PBR’s earnings per share has moved higher for 2026 and 2027. The estimates have also been revised upward for CVX and XOM over the same period.
Image Source: Zacks Investment Research
From a valuation perspective — in terms of Enterprise Value to Earnings Before Interest, Taxes, Depreciation and Amortization (EV/EBITDA) ratio — Petrobras is trading at a discount compared with Chevron and ExxonMobil, making it attractive for investors.
Valuation Comparison
Image Source: Zacks Investment Research
Final Verdict on PBR Stock
Petrobras stands out as a high-conviction energy investment with a favorable balance of growth, income and valuation upside. Strong pre-salt production growth, a low-cost asset base and significant free cash flow leverage to higher oil prices underpin its fundamentals. The company’s disciplined, FCF-linked dividend policy enhances its appeal for income-focused investors, while discounted valuation versus global peers adds upside potential. However, policy risks tied to government influence remain key considerations. Overall, Petrobras, currently sporting a Zacks Rank #1 (Strong Buy), stands out as an attractive buy for investors seeking high yield and leverage to favorable crude dynamics, provided they can tolerate geopolitical and commodity-driven risks.
You can see the complete list of today’s Zacks #1 Rank stocks here.
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Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Petrobras Stock Outperforms Industry in the Past Year: Time to Buy?

Key Points
Chevron has ample oil and gas resources along with its growing lower-carbon energy businesses.
Enbridge is a leading energy infrastructure company with a large backlog of expansion projects.
Exxon expects to deliver robust growth through 2030, with ample growth beyond that, including from new businesses.
Crude oil has rocketed more than 60% this year to around $100 a barrel due to the war with Iran. That has fueled a surge in energy stocks, with the average one in the S&P 500 rallying more than 28%.
This year's turmoil in the global energy market is a reminder of how vital oil is to the economy. Here are three top oil stocks to buy and hold for decades.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Chevron
Chevron (NYSE: CVX) built its business to thrive in any environment. The oil company can thrive at lower prices. It can fund its capital spending plan and dividend at an average oil price below $50 a barrel through 2030. Meanwhile, it can grow its free cash flow at a more than 10% compound annual rate through 2030 at $70 oil. Chevron has a vast global oil and gas resource base and data-driven exploration capabilities to support its growth in the coming decades.
The energy giant is also using some of its oil-fueled cash flows to invest in lower-carbon energy to prepare its business for the future. It's investing in renewable fuels (biodiesel and renewable natural gas), hydrogen, lithium, and carbon capture and storage. Additionally, Chevron is investing in natural gas power plants to support AI's energy needs.
Chevron will continue supplying the global economy with the oil it desperately needs in the coming decades. It will also play an important role in providing it with more lower-carbon energy in the future. That should give it ample fuel to continue increasing its dividend (3.8% current yield), which it has done for 39 straight years.
Enbridge
Enbridge (NYSE: ENB) is a leading North American energy infrastructure company. It operates the longest and most complex crude oil pipeline system on the continent, transporting 30% of the crude oil produced in North America. Enbridge is also a leader in natural gas, transporting 20% of U.S. gas consumption and operating the largest gas utility franchise in North America. Additionally, Enbridge is a leader in renewable energy investment.
The Canadian pipeline and utility company generates very stable cash flow, as 98% of its earnings come from cost-of-service or contracted assets. Enbridge currently has 39 billion Canadian dollars ($28.5 billion) in expansion projects under construction, which should enter service through the early 2030s. It's pursuing another CA$50 billion ($36.6 billion) in expansion opportunities through 2030. These expansion projects should provide Enbridge with the fuel to grow earnings at a mid-single-digit annual rate, supporting continued dividend increases (current yield of 5.3%). Enbridge has raised its dividend for 31 straight years.
ExxonMobil
ExxonMobil (NYSE: XOM) is a global energy giant. Its strategic focus in recent years has been on improving profitability. Exxon's strategy has been to invest heavily in its advantaged resources (the lowest-cost and highest-margin assets) while also reducing structural costs.
The company strategy has it on track to grow its earnings capacity by $25 billion and cash flow by $35 billion by 2030. That's double-digit annualized growth compared to 2024's level. Exxon's strategy would see it generate about $145 billion in cumulative surplus cash by 2030, giving it the funds to repurchase shares and continue increasing its dividend (a 2.8% yield), which it has done for 43 straight years.
Meanwhile, Exxon has plenty of growth beyond 2030. It has extensive oil and gas resources worldwide to support rising energy demand. Additionally, Exxon is investing in several new businesses, including lithium, hydrogen, and specialty products such as its Proxxima thermoset resin systems. These businesses have the potential to reach $13 billion in earnings by 2040 and offer Exxon significant growth potential in the coming decades.
Excellent oil stocks to hold for the long haul
This year's surge in oil prices is a reminder of the fuel's importance to the global economy. Oil stocks can also play a vital role in your portfolio by helping offset the impact of higher energy prices, while also providing growth as energy demand rises. Chevron, Enbridge, and Exxon are three of the top oil stocks to buy and hold for the long haul.
Should you buy stock in Chevron right now?
Before you buy stock in Chevron, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Chevron wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $498,522!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,276,807!*
Now, it’s worth noting Stock Advisor’s total average return is 983% — a market-crushing outperformance compared to 200% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of April 27, 2026.
Matt DiLallo has positions in Chevron and Enbridge. The Motley Fool has positions in and recommends Chevron and Enbridge. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Oil Stocks Are Surging: 3 to Buy and Hold for Decades

Key Points
The Schwab U.S. Dividend Equity ETF is near its 52-week high.
The ETF pays a 3.4% dividend yield and has a portfolio of mostly rock-solid dividend payers.
Accumulating a position over time could be a smart idea.
The Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD) is an index fund that tracks the Dow Jones U.S. Dividend 100 Index. In simple terms, the ETF owns shares of 100 companies that pay above-average dividend yields and meet other criteria, such as having paid dividends for at least 10 consecutive years.
To put it mildly, the Schwab U.S. Dividend Equity ETF is one of the most popular dividend-focused index funds. It has an excellent 3.4% dividend yield, a low 0.06% expense ratio, and gives broad exposure to top-quality dividend stocks.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
However, at a current price of more than $31 per share, the ETF is trading within striking distance of its 52-week high and is up by more than 20% over the past year. So, many investors are probably asking themselves, "Should I buy now, or wait for a better price?"
Is the Schwab U.S. Dividend Equity ETF a good buy now?
First, just because a stock or ETF has gone up doesn't necessarily mean it's "expensive." In fact, some of its top holdings trade at price-to-earnings multiples far below the S&P 500 average.
Second, the Schwab U.S. Dividend Equity ETF is a top-quality index fund with a portfolio of rock-solid companies and is likely to deliver strong returns over the long term, regardless of the price you pay for shares. Top holdings include Texas Instruments (NASDAQ: TXN), Chevron (NYSE: CVX), Coca-Cola (NYSE: KO), and Home Depot (NYSE: HD), among others. The ETF is likely ot deliver strong returns and create a growing income stream over time.
Buy now or wait?
Of course, it would certainly be preferable to buy the Schwab U.S. Dividend Equity ETF at a lower share price. But nobody knows if or even when that could happen. One of the most valuable lessons a long-term investor can learn is that trying to time the market rarely works out. It's common for investors to wait for a "better price," only to see the investment they want to own keep rising.
One strategy is to buy shares incrementally over time instead of all at once, a concept known as dollar-cost averaging. As a simple example, instead of investing $5,000 in the ETF all at once, maybe commit to buying $1,000 worth of shares each month for the next five months. This way, you're putting some of your money to work right away. If the share price ends up falling, you'll buy more shares at a lower price. If it doesn't, you'll still be building a position in a top-quality index fund in your portfolio.
Should you buy stock in Schwab U.S. Dividend Equity ETF right now?
Before you buy stock in Schwab U.S. Dividend Equity ETF, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Schwab U.S. Dividend Equity ETF wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $498,522!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,276,807!*
Now, it’s worth noting Stock Advisor’s total average return is 983% — a market-crushing outperformance compared to 200% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of April 27, 2026.
Matt Frankel, CFP has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Chevron, Home Depot, and Texas Instruments. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Should You Buy SCHD at $31 or Wait for a Better Entry Point?

Key Points
Enbridge is a hybrid energy/utilities stock with a stable, relatively low-risk business model.
Enterprise Products Partners ranks among the most dependable passive-income machines in the energy sector.
Chevron boasts an impressive record of 39 consecutive dividend increases.
Income investors have several go-to sectors. Utilities are perennially popular. REITs are attractive to investors looking for especially juicy yields. But the energy sector is another source of dependable, inflation-resistant income.
Energy demand holds up well through most market cycles, even recessions. Midstream energy companies and integrated oil and gas companies, in particular, stand out for their ability to generate stable cash flow.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Do you want decades of passive income? Here are three energy stocks to buy right now.
1. Enbridge
Enbridge (NYSE: ENB) is a Calgary, Alberta-based company that owns a massive pipeline network. Its pipelines transport roughly 30% of the crude oil produced in North America and one-fifth of the natural gas consumed in the U.S. In recent years, Enbridge has also invested heavily in renewable energy.
However, Enbridge isn't just an energy stock; it's also a utility stock. The company's acquisitions have catapulted it into the top spot among North American natural gas utilities by volume. Enbridge's natural gas business now serves 7.1 million customers.
The midstream/utility leader recently increased its dividend by 3%. This marked Enbridge's 31st consecutive year of dividend hikes. The company's forward dividend yield of 5.4% is sure to catch the eye of many income investors.
Enbridge's business model is stable and relatively low risk. The company's management team is also trustworthy, achieving financial guidance for an impressive 20 consecutive years. As a bonus, Enbridge has visible growth through the end of the decade, with around $50 billion of opportunities identified over the next four years.
2. Enterprise Products Partners
Enterprise Products Partners (NYSE: EPD) is another midstream leader that income investors should like. This master limited partnership (MLP) owns over 50,000 miles of pipeline, more than 300 million barrels of liquids storage, 45 natural gas processing trains, 27 fractionators, and 21 deepwater docks.
Around 55% of Enterprise Products Partners' gross operating margin stems from natural gas liquids (NGLs). The rest of the company's margin is split roughly equally between its crude oil, natural gas, and petrochemical operations.
Enterprise Products Partners ranks among the most dependable passive-income machines in the energy sector, having increased its distribution for 27 consecutive years. It also offers one of the most lucrative distributions, with a yield currently topping 5.8%.
This pipeline stock is as stable as they come. Enterprise Products Partners is the only midstream energy infrastructure company with an A- credit rating (indicating low risk). Around 90% of Enterprise's long-term contracts are inflation-resistant due to escalation provisions. The MLP also has solid growth prospects, driven in part by surging demand for natural gas-fired power plants to supply electricity to data centers.
3. Chevron
Investors seeking passive income don't have to limit themselves to the midstream part of the energy sector. Chevron (NYSE: CVX) is an integrated energy major that ranks as the world's third-largest energy company by market cap.
Chevron's upstream operations have the highest margins in the industry. The company is the global leader in natural gas production. It boasts the largest retail market share. Chevron's U.S. refining net cash margin also leads the industry.
Few energy companies come with a more impressive dividend track record than Chevron. The oil and gas giant has increased its dividend for 39 consecutive years. Its forward dividend yield of 3.8% is well below Chevron's average yield over the last 10 years, though, because its stock has performed so well.
Chevron is built to last, with its roots dating back to 1879. The company is also poised for solid growth. Management expects Chevron's earnings per share to increase by an average of at least 10% per year.
Should you buy stock in Chevron right now?
Before you buy stock in Chevron, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Chevron wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $498,522!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,276,807!*
Now, it’s worth noting Stock Advisor’s total average return is 983% — a market-crushing outperformance compared to 200% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of April 27, 2026.
Keith Speights has positions in Chevron, Enbridge, and Enterprise Products Partners. The Motley Fool has positions in and recommends Chevron and Enbridge. The Motley Fool recommends Enterprise Products Partners. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.