Chevron vs. Best Oil Stocks

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American crude oil production

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Is Chevron Corporation (CVX) the Best Oil and Gas Dividend Stock According to Billionaires?

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77% Informative

Chevron Corporation ( NYSE : CVX ) is the second -largest integrated energy company headquartered in the United States .

The United States of America is now producing more oil than any country in history.

The country’s oil and gas operators produced more than 13.49 million barrels per day (bpd) of crude in December 2024 , an all-time high rate of production.

But production is at risk of decline due to falling Brent prices, which are expected to average around $74 this year and then fall further to $ 66 in 2026 .

Chevron Corporation ( NYSE : CVX )’s revenue surged by 10.7% YoY to $52.23 billion in Q4 2024 , as the industry giant increased its worldwide and US production by 7% and 19% to record levels last year .

The oil and gas company returned a record $27 billion in cash to its shareholders in 2024 and increased its quarterly dividend by 4.9% to $ 1.71 per share.

CVX ranks 4th on our list of the best cannabis stocks to buy according to billionaires.

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