Exxon to Operate Guyana ‘Business as Usual' If It Loses Chevron-Hess Arbitration
Exxon remains confident it will prevail in the case over the field's ownership at the International Chamber of Commerce, Neil Chapman, senior vice president, said at the Bernstein Strategic Decisions Conference in New York on Thursday. But there will be 'no change for us' if Exxon loses, he said.
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US Allows Chevron to Restart Pumping Oil in Venezuela
(Bloomberg) — The US restored Chevron Corp.'s ability to pump oil in Venezuela, reversing a decision made just two months earlier when the Trump administration was seeking to exert more pressure on the regime of President Nicolas Maduro. Trump Awards $1.26 Billion Contract to Build Biggest Immigrant Detention Center in US The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom Can This Bridge Ease the Troubled US-Canadian Relationship? Full details weren't immediately clear for the authorization, which was described by people familiar with the matter. The move came around the same time Washington and Caracas brokered an agreement that saw the release of 10 Americans detained in Venezuela, while 250 Venezuelans who were imprisoned in El Salvador were returned to their home country. Key to the arrangement with Chevron is an assurance that no royalties or taxes will benefit the government of Venezuela's socialist leader, Nicolas Maduro, according to the people, who requested anonymity to discuss the matter. The issue has forced President Donald Trump to navigate competing geopolitical and energy considerations. The president has taken a tough stance against Maduro, but he's also trying to keep a lid on energy prices, even as he pressures Iran to end its nuclear program and Russia to end the war in Ukraine. Like Venezuela, Iran and Russia are major oil producers, and Trump has threatened to step up sanctions against Moscow. Oil futures briefly pared some of their gains on news of the move by the administration, which raises the prospect of increased supplies coming onto a market that's already facing the threat of oversupply. Brent crude was 1% higher at $69.19 a barrel as of 2:39 p.m. New York time. A White House spokesperson didn't immediately respond to a request for comment. The Wall Street Journal first reported the move. 'Chevron conducts its business globally in compliance with laws and regulations applicable to its business, as well as the sanctions frameworks provided for by the U.S. government, including in Venezuela,' company spokesman Bill Turenne said in a statement. Chevron, which has had a presence in the country for more than a century, is the only major US oil company still there, and has been a vital lifeline for its battered economy. In 2022, the Biden administration granted the company a license authorizing it to keep producing and to resume crude exports, but limiting it from expanding. Following Trump's re-election, that license became a bargaining chip in the country's relationship with the US. Special envoy Ric Grenell and others in the administration pushed for a more transactional relationship with Maduro while Rubio encouraged a tough stance. Chevron's supporters have argued that without its presence there, the country's crude supplies would benefit China. Furthermore, energy security and keeping a lid on oil prices are priorities for Trump, and any new sanctions targeting countries buying Russian crude could lift prices. Still, the hawks prevailed in May when the US revoked Chevron's license to pump oil. Days later, it issued a stripped-down license allowing the company to remain in the country and conduct minimal maintenance on equipment. It's unclear how Venezuela would allow Chevron to restart production and shipments without paying tax. In April, state oil company Petroleos de Venezuela SA ordered Chevron to return almost 1 million barrels of crude due to what the country described as the 'impossibility and restrictions' of paying the government. A resumption of Chevron's exports of Venezuela's signature sludgy crude may come too late for US refiners to take full advantage. When the US driving season ends in about a month from now, refineries carry out preventive maintenance, reducing oil demand. The company's oil production, operated through joint ventures with PDVSA, totaled more than 240,000 barrels a day as of May 27, when the previous license ended. That accounted for about 25% of the oil-rich nation's overall output. The US imported about 250,000 barrels a day of Venezuelan crude, mostly for refineries on the Gulf Coast. Valero Energy Corp., the third-biggest US fuel maker, was the top user of Venezuelan oil at the end of 2024, followed by Chevron, which uses some of the crude at its refineries. —With assistance from Lucia Kassai. (Updates with additional reporting, context starting in fourth paragraph) Burning Man Is Burning Through Cash Elon Musk's Empire Is Creaking Under the Strain of Elon Musk It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan A Rebel Army Is Building a Rare-Earth Empire on China's Border How Hims Became the King of Knockoff Weight-Loss Drugs ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Chevron's Return to Venezuela Set to Boost US Refiners' Supplies
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10 No-Brainer Energy Stocks to Buy Right Now
Key Points The energy sector is volatile by nature given the uncertainty of oil and natural gas prices. Investors can tailor their energy holdings to suit their risk tolerance and investment needs. Long-term investors will likely gravitate toward different stocks than short-term traders. 10 stocks we like better than ExxonMobil › The one fact that has to be top of mind when looking at the energy sector is risk. That's because oil and natural gas prices are highly volatile and play a huge role in the financial performance of many energy stocks. But there are important nuances to consider before you hit the buy button on any stock. Below are 10 no-brainer energy stocks to buy now, with an explanation of which types of investors might want to buy them. 1. Punt with an energy ETF If what you really want is broad-based exposure to the energy sector, then picking individual stocks probably isn't going to be the best call for you. You'll be better off with an exchange-traded fund (ETF) that provides diversified exposure to the entire sector with one simple buy decision. Two good options are The Energy Select Sector SPDR Fund (NYSEMKT: XLE) and the Vanguard Energy Index Fund ETF (NYSEMKT: VDE). Both have similar expense ratios and similar yields and either one would fit the bill for an investor looking for diversified energy exposure. 2. ExxonMobil is the industry giant That said, if you want to buy one company that covers a lot of ground in the energy sector, then industry giant ExxonMobil (NYSE: XOM) is probably a good call. It is an integrated energy company, which means that it operates across the energy value chain. That helps to smooth out the ups and downs in energy prices over time. Plus, the company has a strong balance sheet, which gives it the wherewithal to support its business and dividend through rough patches. Notably, the dividend has been increased annually for 43 years. The yield is currently around 3.6%. 3. Chevron is similar, but higher yielding Chevron (NYSE: CVX) is the closest competitor to Exxon, but only because they both hail from the United States. Chevron is a smaller company, but still a giant with a market cap of about $260 billion (Exxon's market cap is roughly $480 billion). Chevron also has a very strong balance sheet; however, its dividend yield is a bit more attractive at around 4.7%. Chevron is dealing with some company-specific issues right now (a difficult merger and operations in politically unstable countries), but the problems aren't likely to derail it over the long term. Yield-focused investors should feel pretty comfortable buying Chevron. 4. TotalEnergies weaves in a new business line Rounding out the integrated energy giants on this list is TotalEnergies (NYSE: TTE), which is a French energy giant. Like Exxon and Chevron, it has a large and diversified business. However, like its European peers, it tends to carry more debt and cash than its U.S. counterparts. It is financially strong, but more debt and cash isn't the same as just having a low level of debt. That said, TotalEnergies stands out in an important way: It is using cash flows from its oil and gas operations to invest in electricity and clean energy businesses. Thus, it is an energy stock with a clean energy twist. That makes TotalEnergies and its lofty 6.3% yield an attractive option for those that believe clean energy is a long-term growth platform. Note that U.S. investors have to pay French taxes on the dividends here, some of which can be claimed back come April 15. 5. Occidental Petroleum wants to play with the big boys There's one more interesting option in the integrated energy space, but it is at the lower end of the market cap spectrum. Occidental Petroleum (NYSE: OXY) has a market value of around $40 billion and a dividend yield of roughly 2.3%. Neither of those figures are standouts relative to fellow U.S. integrated energy giants like Exxon and Chevron. However, Occidental has big aspirations as it looks to grow its integrated energy business via acquisition. And given its relatively small size, growth will be easier to come by since it takes less sizable deals to move the needle. Notably, Warren Buffett helped Occidental outbid Chevron on a deal not too long ago and Berkshire Hathaway remains a large investor in the stock. (That said, Buffett also owns Chevron.) 6. Devon Energy is focused on oil and the United States Some investors, however, aren't looking for a diversified energy investment. They may have a strong conviction about the direction of energy prices and desire more direct exposure to the movements of oil and natural gas. If that sounds like you, you may want to consider Devon Energy (NYSE: DVN). Devon is a large onshore U.S. driller with material exposure to some of the most important energy-producing regions in the country. Recently the company has been focused on growing via bolt-on acquisitions, further enhancing its scale and expanding its geographic reach. The dividend yield is around 3%, but the real story here is going to be the impact that commodity prices have on the company's financial performance. 7. ConocoPhillips takes on the world If the idea of focusing on a pure-play energy driller sounds good but you want a bit more geographic diversification, then take a look at ConocoPhillips (NYSE: COP). This company is focused on exploration and production, but its portfolio includes the United States and 14 other countries, with operations that span from the onshore to the offshore. The stock has a 2.3% yield, and the company has a long history of supporting its dividend through good times and bad -- although the payout does fluctuate with energy prices. 8. Enterprise Products Partners sidesteps energy volatility So far, this list has included companies with direct exposure to energy volatility. But there's one segment of the energy sector that largely avoids that exposure -- the so-called midstream. Businesses like master limited partnership (MLP) Enterprise Products Partners (NYSE: EPD) own the energy infrastructure that helps to move oil and natural gas around the world. These businesses largely charge fees for the use of the assets. Enterprise is one of the largest players in North America and has a solid balance sheet, a well-supported distribution, and a lofty 6.9% distribution yield. That yield is supported by a distribution that has been increased annually for 26 consecutive years, which makes this a great option for income seekers. However, the yield will likely make up the lion's share of total return. 9. Enbridge brings in the clean (energy) Enbridge (NYSE: ENB) is another North American midstream giant, owning assets like pipelines that are integral to the world's energy markets regardless of the price of energy. It shares many of the positive traits that support Enterprise as an investment and it has a generous dividend yield of 6%. That said, there are two additional facts that investors need to understand here. First, Enbridge is Canadian so U.S. investors have to pay Canadian taxes on dividends and their dividends will fluctuate along with exchange rates. Second, and more importantly, Enbridge is, like TotalEnergies, already starting to diversify its business into clean energy assets. If you like the idea of that, Enbridge will probably be a better option for you than Enterprise. 10. Go all in with an oil ETF This list has offered up various ways to invest in oil and natural gas stocks, ranging from diversified energy companies to pure-play drillers to midstream options that avoid energy price risk. But what if you just want exposure to energy prices? For that, you might want to consider The United States Oil Fund LP (NYSEMKT: USO). This exchange-traded product is "designed to track the daily price movements of light, sweet crude oil." It isn't a direct investment in oil, it merely seeks to track oil price moves. However, if that is what you are looking to do, it could be a good, though inherently high-risk, option for you. Lots of energy options for lots of energy investors The truth is that there is no right or wrong way to invest in the energy sector. It is all about personal preference, and even then there are nuances to consider. For example, Exxon and Chevron could be viewed as interchangeable businesses by some while others might see Chevron's near-term headwind as creating a value opportunity. That's why this list has 10 different investment options on it, even though some of the differences are subtle. If you are looking for an energy stock to buy right now, there's likely to be at least one investment here that will work for your specific situation. Should you buy stock in ExxonMobil right now? Before you buy stock in ExxonMobil, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and ExxonMobil 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 $641,800!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,023,813!* Now, it's worth noting Stock Advisor's total average return is 1,034% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Reuben Gregg Brewer has positions in Enbridge and TotalEnergies. The Motley Fool has positions in and recommends Berkshire Hathaway, Chevron, and Enbridge. The Motley Fool recommends Enterprise Products Partners and Occidental Petroleum. The Motley Fool has a disclosure policy. 10 No-Brainer Energy Stocks to Buy Right Now was originally published by The Motley Fool Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
