Chevron Option Alert: Sep 19 $165 Calls Sweep (7) near the Bid: 522 vs 3405 OI; Earnings 4/25 Before Open [est] 

Chevron Option Alert: Sep 19 $165 Calls Sweep (7) near the Bid: 522 @ $10.201 vs 3405 OI; Earnings 4/25 Before Open [est] Ref=$165.02

Chevron Option Alert: Jun 20 $180 Calls at the Bid: 10000 vs 5143 OI; Earnings 4/25 Before Open [est] 

Chevron Option Alert: Jun 20 $180 Calls at the Bid: 10000 @ $1.57 vs 5143 OI; Earnings 4/25 Before Open [est] Ref=$165.9901

Chevron Option Alert: Jun 20 $170 Calls at the Bid: 8108 vs 3939 OI; Earnings 4/25 Before Open [est] 

Chevron Option Alert: Jun 20 $170 Calls at the Bid: 8108 @ $2.9 vs 3939 OI; Earnings 4/25 Before Open [est] Ref=$159.0299

Chevron (NYSE:CVX) Stock

CHEVRON CORP

Chevron

Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.

Chevron Corp

Convex Finance - United States Dollar

Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), has <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/b44576082/chevron-announces-sale-of-majority-interest-in-its-east-texas-gas-assets" rel="noreferrer noopener">finalized a deal to sell a 70% stake</a> in its East Texas natural gas assets to TG Natural Resources LLC (TGNR), an entity backed by Tokyo Gas Co., Ltd. and Castleton Commodities International LLC (CCI).
The transaction, valued at $525 million, includes $75 million in cash and $450 million allocated as a capital carry to finance Haynesville development.
Following the sale, Chevron will maintain a 30% non-operating working interest in a joint venture with TGNR, along with an overriding royalty interest in the assets.
Also Read: <a href="https://www.benzinga.com//node/44560678">Chevron, Exxon, Hess Lead As Tech Giants Stumble In Q1 2025</a>
Tokyo Gas holds approximately 93% of TGNR, while CCI owns the remaining 7%.
The agreement is expected to yield over $1.2 billion in value for Chevron based on current Henry Hub prices. This estimate stems from a blend of the capital carry, retained ownership stake, and overriding royalty interest.
The deal&#8217;s structure enables Chevron to maintain future growth potential while accelerating asset development through an efficient capital approach.
The asset sale aligns with Chevron&#8217;s broader plan to streamline its global energy portfolio. The company has set a target of divesting $10-15 billion worth of assets by 2028.
Chevron focuses on producing oil and gas, refining fuels, and advancing industry technologies and aims to expand its traditional energy operations while reducing carbon emissions and investing in renewables, carbon capture, hydrogen, and emerging technologies.
Price Action: CVX shares are trading lower by 0.26% at $166.85 in premarket at last check Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com/25/03/44564733/siemens-and-accenture-form-business-group-to-combine-industrial-ai-and-software-solutions" target="_blank" rel="noreferrer noopener">Siemens, Accenture Deepen Alliance With New Business Group Targeting AI-Driven Engineering</a></li>
</ul>
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Equities

News

Asset Sales

General

Chevron Divests 70% Stake In East Texas Gas Assets: Details

Chevron U.S.A. Inc., a subsidiary of Chevron Corporation announced that it has closed on a transaction to sell a 70% interest in its East Texas gas assets to an affiliate of TG Natural Resources LLC ("TGNR"), a company indirectly owned by Tokyo Gas Co., Ltd. ("Tokyo Gas") and Castleton Commodities International LLC ("CCI"), for $525 million, with $75 million paid in cash and $450 million as a capital carry to fund Haynesville development. Chevron will retain a 30% non-operated working interest in a joint venture with TGNR and an overriding royalty interest in the assets. Tokyo Gas and CCI own an approximate 93% and 7% interest in TGNR, respectively.
&nbsp;

Chevron Sells 70% Of East Texas Gas Assets For $525M, Retains 30% Working Interest

The <a href="https://www.benzinga.com/topic/s-p-500">S&amp;P 500 had</a> a rough start to 2025, sinking 6.53% over the first quarter, but not every sector suffered the same fate. 
While energy stocks lit up the leaderboard with a scorching 9.31% gain, consumer discretionary and technology stocks took a beating, plunging 14.23% and 13.1%, respectively.
<h2 class="wp-block-heading">Energy's Power Play</h2>
Oil and gas stocks came out swinging, with Hess Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) leading the charge, soaring 21.34% over the past three months. EQT Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>) followed closely, rising 19.61%, while Devon Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>) and Coterra Energy (CTRA) also <a href="https://www.sectorspdrs.com/sectortracker">posted</a> double-digit gains. 
The biggest energy players, Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) and Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), delivered solid performances as well, gaining 15.34% and 10.57%, respectively.
Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/03/44512999/chevron-hits-52-week-high-warren-buffetts-5th-largest-holding-is-on-fire-but-should-you-buy">Chevron Hits 52-Week High – Warren Buffett&#8217;s 5th Largest Holding Is on Fire, But Should You Buy?</a>
<h2 class="wp-block-heading">Consumer Discretionary's Divide</h2>
It was a brutal quarter for consumer discretionary, but not all stocks in the sector were drowning. Auto parts retailers proved surprisingly resilient, with O'Reilly Automotive Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) accelerating 17.64% and AutoZone Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) climbing 16.33%. Yum! Brands Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>), the parent company of Taco Bell and KFC, also managed a 15.18% gain, proving that fast food remains a winning bet even in choppy markets.
<h2 class="wp-block-heading">Tech's Tough Quarter—But Some Shined</h2>
Tech stocks had a miserable run, but a few managed to buck the trend. VeriSign Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRSN#NASDAQ">VRSN</a>) surged 23.03%, leading the charge, while Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) and Roper Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) gained 11.87% and 11.21%, respectively. IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) also posted a solid 9.53% gain, and Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) continued its momentum, adding 8.56%.
<h2 class="wp-block-heading">What's Next?</h2>
With the second quarter underway, investors will be watching if Energy can keep its momentum or if beaten-down sectors like Tech and Consumer Discretionary stage a comeback. 
For now, it&#8217;s clear: Energy stocks ruled the first quarter, while Tech and Discretionary stocks got left in the dust.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/03/44533263/top-3-information-technology-stocks-that-could-blast-off-this-month">Top 3 Information Technology Stocks That Could Blast Off This Month</a></li>
</ul>
Image: Shutterstock

Long Ideas

Tech

CTRA

INTC

ORLY

PLTR

VRSN

Chevron, Exxon, Hess Lead As Tech Giants Stumble In Q1 2025

President Donald Trump has expressed fury over recent remarks by Russian President Vladimir Putin suggesting Ukrainian President Volodymyr Zelenskyy should be replaced. 
What Happened: In a weekend interview, Trump said he was "very angry" and warned of economic retaliation if Russia fails to cooperate on halting the Ukraine war.
Putin proposed a transitional government for Ukraine, which would effectively push out Zelenskyy. Trump, in response, threatened to impose sweeping &#8220;secondary tariffs&#8221; on any country purchasing Russian oil, including a 25% to 50% tariff on Russian crude and related products.
Trump made Ukraine a centerpiece of his foreign policy agenda and has pushed for an end to the war. His team helped broker a partial ceasefire between Russia and Ukraine, allowing safe passage in the Black Sea and a halt on attacks targeting energy infrastructure. But tensions with Moscow remain high.
Also Read: <a href="https://www.benzinga.com/news/global/25/03/44450604/putin-prayed-for-his-friend-trump-at-church-after-assassination-attempt">Putin Prayed for &#8216;His Friend&#8217; Trump at Church After Assassination Attempt</a>
"If Russia and I are unable to make a deal on stopping the bloodshed in Ukraine, and if I think it was Russia's fault — which it might not be — but if I think it was Russia's fault, I am going to put secondary tariffs on oil, on all oil coming out of Russia," Trump <a href="https://www.nbcnews.com/politics/donald-trump/trump-angry-putin-zelenskyy-iran-sanctions-rcna198729">told </a>to NBC News.
Despite previous criticism of Zelenskyy, Trump signaled he would act against Putin if diplomacy fails. He also said he plans to speak with Putin again this week. "The anger dissipates quickly… if he does the right thing," Trump said, describing their relationship as "very good."
Trump said he also "was pissed off" about Putin's comments about temporary governance and that his anger about Putin's comments had been made known to Moscow.
Trump's tariff threats echo a similar strategy he applied to Venezuela, where countries importing oil from Caracas risked U.S. trade penalties. The same could apply to top buyers of Russian oil such as China, India, Turkey, and Brazil.
Read Next
<a href="https://www.benzinga.com/news/global/25/01/43216865/putin-agrees-with-trump-ukraine-war-avoidable-if-trump-had-been-in-office" target="_blank" rel="noreferrer noopener">Putin Agrees With Trump: Ukraine War Avoidable if Trump Had Been in Office</a>

Global

Trump Threatens Russian Oil Tariffs, Says He's 'Very Angry' At Putin

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas" target="_blank" rel="noreferrer noopener"> many investors' favorite stocks</a> over the last week — here's a look at some of our top stories.
U.S. stock markets declined this week amid escalating trade tensions and inflation concerns. The S&amp;P 500 fell 2%, the Dow Jones Industrial Average dropped 1.7%, and the Nasdaq Composite decreased by 2.7%, marking one of the worst weeks in recent years.
President Donald Trump's announcement of a 25% tariff on imported automobiles and parts contributed to market volatility. Automotive stocks were notably impacted; General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) tumbled over 7%, and Ford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) slid 3.9%. Conversely, electric vehicle manufacturers like Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) edged up 0.4%, as their U.S.-based production is less affected by the tariffs.
Beyond the auto sector, economic indicators added to investor unease. The Federal Reserve's preferred inflation gauge, the core Personal Consumption Expenditures (PCE) price index, rose 0.4% in February, bringing the annual rate to 2.8%, above the Fed's 2% target. Additionally, consumer spending data fell short of expectations, exacerbating fears of economic slowdown amid President Trump's tariff policies.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.

The Bulls
<a href="https://www.benzinga.com/trading-ideas/long-ideas/25/03/44512999/chevron-hits-52-week-high-warren-buffetts-5th-largest-holding-is-on-fire-but-should-you-buy">"Chevron Hits 52-Week High: Warren Buffett's 5th Largest Holding Is On Fire — But Should You Buy?"</a>, by Surbhi Jain, reports that Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) hit a 52-week high as rising oil prices and Warren Buffett's ongoing support strengthened investor confidence.
<a href="https://www.benzinga.com/media/25/03/44515782/microsoft-halts-expansion-plans-yet-analysts-still-rank-it-among-top-investment-picks">"Microsoft Halts Expansion Plans, Yet Analysts Still Rank It Among Top Investment Picks"</a>, by Anusuya Lahiri, explains why analysts remain bullish on Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) despite the tech giant pausing major data center expansions amid concerns of AI overcapacity.
<a href="https://www.benzinga.com/analyst-ratings/upgrades/25/03/44477982/carvana-analyst-says-its-time-to-buy-the-potential-amazon-of-auto-retail">"Carvana Analyst Says It's Time To Buy The Potential ‘Amazon Of Auto Retail'"</a>, by Adam Eckert, reports that Morgan Stanley analyst Adam Jonas upgraded Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) from Equal-Weight to Overweight, raising the price target from $260 to $280, citing the company's potential to dominate auto retail akin to Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/news/earnings/25/03/44504468/concentrix-shares-pop-on-strong-q1-results-raised-revenue-guidance">Concentrix Shares Pop On Strong Q1 Results, Raised Revenue Guidance</a>
<a href="https://www.benzinga.com/trading-ideas/technicals/25/03/44517249/stock-of-the-day-will-the-move-higher-in-sysco-continue">Stock Of The Day – Will The Move Higher In Sysco Continue?</a>
<a href="https://www.benzinga.com/trading-ideas/technicals/25/03/44460563/tesla-jumps-10-on-china-fsd-optimism-tariff-easing-hopes">Tesla Jumps 10% On China FSD Optimism, Tariff Easing Hopes</a>

The Bears
<a href="https://www.benzinga.com/general/biotech/25/03/44500068/novo-nordisk-stock-sinks-to-52-week-lows-weight-loss-boom-losing-steam">"Novo Nordisk Stock Sinks To 52-Week Lows: Weight Loss Boom Losing Steam?"</a>, by Surbhi Jain, reports that Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) shares have plunged 44% year-over-year, hitting a 52-week low amid investor concerns over competition from Eli Lilly and Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) and the company's recent $2 billion acquisition of rights to a Chinese obesity drug.
<a href="https://www.benzinga.com/trading-ideas/technicals/25/03/44513787/nike-stock-hits-52-week-lows-is-the-sneaker-king-losing-its-step">"Nike Stock Hits 52-Week Lows: Is The Sneaker King Losing Its Step?"</a>, by Surbhi Jain, shows Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) tumbling to a 52-week low as slowing sales in China and rising competition challenge the global sneaker giant's dominance.
<a href="https://www.benzinga.com/25/03/44475805/homebuilders-kb-home-lennar-cut-prices-as-homebuyer-demand-has-slowed-materially">"Homebuilders KB Home, Lennar Cut Prices As Homebuyer Demand Has Slowed Materially"</a>, by Erica Kollmann, reports that KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) and Lennar Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) are reducing home prices and offering incentives as elevated mortgage rates have significantly dampened buyer demand.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/25/03/44517020/ev-maker-mullen-automotive-to-further-cut-costs-and-slash-workforce">EV Maker Mullen Automotive To Further Cut Costs And Slash Workforce: Details</a>
<a href="https://www.benzinga.com/25/03/44465410/snow-white-disappoints-at-box-office-will-remake-hurt-disneys-marvel-magic-in-2025">‘Snow White' Disappoints At Box Office: Will Remake Hurt Disney's Marvel Magic In 2025?</a>
<a href="https://www.benzinga.com/news/offerings/25/03/44511664/why-is-teslas-chinese-rival-nio-stock-diving-today">Why Is Tesla's Chinese Rival NIO Stock Diving Today? (UPDATED)</a>

Keep up with all the latest breaking news and trading ideas by following <a href="https://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener">Benzinga</a><a href="http://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener"> on X</a>.
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Markets

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Benzinga Bulls And Bears: Chevron, Microsoft, Nike — And Tariffs Have Automotive Sector Reeling

Dividend investing is back on investors' radar after taking a backseat during the AI-led bull run. With tariff uncertainties and fading momentum in AI stocks, investors are looking for stable dividend-paying companies to navigate the current market turbulence. But it's not easy to find quality dividend stocks as it requires assessing factors like yield, payout ratio, financial stability, and growth potential.&nbsp;
Let's turn to a dividend investing case study for ideas and inspiration.
Don't Miss:
<ul>
<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
</ul>
Last month, someone asked income investors on r/Dividends — a Reddit community with 690,000 members — whether it was realistic to live off dividends and how much investment is needed to reach at least $50,000 in annual dividend income. The question also asked Redditors to share how long it takes for the average investor to reach a dividend income that covers basic expenses.
The question received hundreds of comments, but one story caught our eye.
An investor said he was making $175,000 a year in dividends and retired two years ago at the age of 48.
"I'm still not touching them, especially now. I have a small passive business that generates enough to cover my expenses. I've recently gone about 1/3 short term government bonds because I'm VERY worried about a recession," he said.
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
The investor, 50, said his total portfolio worth was about $3.7 million.
"I used to make $220k for about 11 years. Saved and invested it and retired at 48. Now I spend my money which comes from dividends on travel, cars and doing what the f— I want," he said in a separate comment on the social platform.
Let's discuss some of the top holdings of the investor.
Schwab U.S. Dividend Equity ETF
The Schwab U.S. Dividend Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHD#NYSE">SCHD</a>) tracks the Dow Jones U.S. Dividend 100 Index and provides exposure to some of the top dividend stocks trading in the U.S., including ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>), Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) and Bristol-Myers Squibb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>), among others.
NEOS S&amp;P 500 High Income ETF
NEOS S&amp;P 500 High Income ETF (CBOE: SPYI) is a high-yield covered call ETF that pays monthly dividend income. It invests in some of the top S&amp;P 500 companies and generates extra income by selling call options on stocks, generating extra premium income for shareholders. SPYI has a dividend yield of over 12%.
See Also: Have $200K saved?<a href="https://www.benzinga.com/money/have-200k-saved-heres-how-to-turn-it-into-lasting-wealth"> Here's how to turn it into lasting wealth</a>
iShares 0-3 Month Treasury Bond ETF
iShares 0-3 Month Treasury Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGOV#NYSE">SGOV</a>) tracks the performance of U.S. Treasury bonds with maturities of 0-3 months.&nbsp;
Vanguard FTSE Developed Markets ETF
The Vanguard FTSE Developed Markets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEA#NYSE">VEA</a>) provides investors exposure to companies trading in developed markets outside of the U.S., including Canada, Europe and the Pacific region. VEA pays quarterly dividends.&nbsp;
Janus Henderson AAA CLO ETF
The Janus Henderson AAA CLO ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JAAA#NYSE">JAAA</a>) invests in high-quality collateralized loan obligations and provides investors with exposure to asset classes with low risk and volatility. It yields over 6%.&nbsp;
Read Next:
<ul>
<li><a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a></li>
<li>Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a></li>
</ul>

Personal Finance

JAAA

SCHD

SGOV

SPYI

50-Year-Old Early Retiree Making $175,000 in Dividends Shares Portfolio - 'Now I Spend on Travel, Cars and Doing What I Want'

The artificial intelligence boom is now colliding with America's aging energy infrastructure, but natural gas may be the unexpected wildcard that keeps the AI revolution <a href="https://www.benzinga.com/topic/artificial-intelligence">from overheating—literally.</a>
OpenAI CEO Sam Altman issued a blunt warning Thursday on social media X: "Our GPUs are melting." The comment came as OpenAI imposed temporary usage limits amid surging demand for image generation in ChatGPT. 
As tools like ChatGPT become integral to business operations, the data centers powering them are drawing electricity at unprecedented rates. Now, the race is on to secure reliable electricity supplies.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">it&#39;s super fun seeing people love images in chatgpt. but our GPUs are melting. we are going to temporarily introduce some rate limits while we work on making it more efficient. hopefully won&#39;t be long! chatgpt free tier will get 3 generations per day soon.
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1905296867145154688?ref_src=twsrc%5Etfw">March 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<h3 class="wp-block-heading">AI Sends US Electricity Demand Soaring: Could Natural Gas Step In To Fill The Gap?</h3>
Surging AI adoption is poised to add unprecedented pressure to the U.S. power grid, with data centers emerging as the primary energy guzzlers, according to a report released this week by Natural Gas Intelligence titled &#8216;AI Rising: How Will Natural Gas Markets Evolve to Fuel the Demand Surge?&#8217;
The International Energy Agency projects that electricity demand in the United States through 2027 will rise by an amount equivalent to California's entire current power usage. That's a surge of roughly 400 terawatt-hours (TWh) in just three years.
Wood Mackenzie estimates total U.S. electricity consumption will soar from 4,000 TWh in 2024 to 6,000 TWh by 2050. Of that, between 395 and 660 TWh could be consumed by data centers alone by 2035—more than 10% of total power usage.
The fast pace of AI deployment is leaving little room for slow build-outs of renewable energy or long-term infrastructure upgrades. That's where natural gas steps in.
"Gas will certainly get its share of the new AI-driven power demand given its reliability, which is a must for these facilities," said Patrick Rau, senior vice president of strategy and research at Natural Gas Intelligence, according to the report.
Natural gas provides firm and flexible power, a critical advantage for hyperscale data centers that operate 24/7. Rau said the key bottleneck is how quickly new gas-fired capacity can come online.
<h3 class="wp-block-heading">Utilities And Oil Giants Jump In</h3>
Power producers are already rushing to meet the call. NRG Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) is fast-tracking 1.5 gigawatts (GW) of gas-fired projects in Texas. CEO Larry Coben said the company has signed multiple letters of intent with data center developers and is advancing 10 natural gas plants totaling about 8 GW in generation capacity.
In February, NRG also partnered with GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) and construction firm Kiewit Corp. to develop up to 5.4 GW of new capacity explicitly linked to AI data centers.
Other utilities are following suit. American Electric Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) is weighing $10 billion in potential investments to meet what it calls "incremental load," largely driven by AI, manufacturing reshoring and general economic development. The company already has customer commitments for 20 GW of additional load by 2030 across its 11-state footprint.
Oil giant Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) is another unexpected entrant in the AI race. In partnership with investor Engine No. 1 and GE Vernova, the energy giant plans to build co-located power plants across the Midwest, Southeast and West to support data centers with dedicated energy generation.
<h3 class="wp-block-heading">Will DeepSeek Reduce AI Data Centers Demand?</h3>
Chinese AI company DeepSeek has introduced a platform that claims to rival current models in performance—at a fraction of the power cost. That innovation, while promising, may add another twist to the AI power narrative.
"DeepSeek's improved computational efficiency may provide a pathway to quell hyperscalers' power requirement," according to a recent report by Rystad Energy experts.
"But it could also escalate the AI arms race and compel companies toward more power-intensive innovation."
For now, the message from the grid is clear: keep the pipelines flowing and the turbines spinning at full throttle.
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Image created using artificial intelligence via Midjourney.

Analyst Color

Large Cap

Macro Economic Events

Commodities

Econ #s

Economics

Analyst Ratings

'Our GPUs Are Melting,' OpenAI's Altman Warns — Could US Natural Gas Power AI Revolution?

<a href="https://www.benzinga.com/topic/warren-buffett">Warren Buffett</a> isn&#8217;t one to chase momentum, but Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) has been on a tear, hitting a <a href="https://www.benzinga.com/topic/52-week-highs">fresh 52-week high </a>at $168.96.
With the stock up 14.49% year to date and 7.21% in the past month, investors are asking: Is it time to jump in, or is this rally running on fumes?
<h2 class="wp-block-heading">The Buffett Factor</h2>
Buffett's Berkshire Hathaway holds 118.6 million CVX shares, accounting for 6.42% of his portfolio. That's a serious vote of confidence, with Berkshire owning 6.60% of the company's outstanding shares. But is it a reason to follow suit?
Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/03/44497103/wall-streets-high-rollers-berkshire-hathaway-rtx-kinross-gold-hit-52-week-peaks">Wall Street&#8217;s High Rollers: Berkshire Hathaway, RTX, Kinross Gold Hit 52-Week Peaks</a>
<h2 class="wp-block-heading">CVX Stock Technicals Flash Green</h2>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0327"><img loading="lazy" decoding="async" width="631" height="489" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/27070514/Screenshot-2025-03-27-at-4.35.01-PM.png" alt="" class="wp-image-844527" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/27070514/Screenshot-2025-03-27-at-4.35.01-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/27070514/Screenshot-2025-03-27-at-4.35.01-PM-300x232.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0327">Chart created using Benzinga Pro</a>
CVX stock, at $167.97, sits comfortably above its key moving averages:
<ul>
<li>Eight-day simple moving average (SMA): 165.16 (Bullish)</li>
<li>20-day SMA: 158.94 (Bullish)</li>
<li>50-day SMA: 157.04 (Bullish)</li>
<li>200-day SMA: 152.78 (Bullish)</li>
</ul>
Add a Moving Average Convergence Divergence (MACD) of 3.25; the technical case remains bullish. However, the Relative Strength Index (RSI) of 70.38 raises a yellow flag &#8211; it's in overbought territory, suggesting some cooling off could be ahead.
<h2 class="wp-block-heading">Strong Trend, But Some Selling Pressure</h2>
While the CVX stock is riding high above its five-, 20-, and 50-day exponential moving averages, there are signs of slight selling pressure. This could indicate traders are locking in profits, which may slow the stock's ascent in the short term.
<h2 class="wp-block-heading">The Verdict: Bullish Or Wait?</h2>
Chevron is technically bullish, backed by Buffett's long-term conviction and solid upward momentum. But with RSI signaling an overheated stock, waiting for a slight pullback could offer a better entry point. 
If you&#8217;re looking to ride the energy wave, CVX stock remains a strong contender &#8211; but chasing highs comes with risks.
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Photo: Shutterstock

Technicals

Signals

Trading Ideas

Chevron Hits 52-Week High – Warren Buffett's 5th Largest Holding Is on Fire, But Should You Buy?

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Chevron, Best Buy, and IDACORP have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of up to 5%.
Chevron
Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) engages in the integrated energy and chemicals operations in the U.S. and internationally.
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Chevron has increased its dividends consecutively for the last 37 years. In its latest dividend hike announcement on Jan. 31, its board raised the quarterly payout by 5% to $1.71 per share, which is equal to an annual figure of $6.84 per share. Currently, the dividend yield is 4.15%.
The company&#8217;s annual revenue as of Dec. 31 stood at $193.41 billion. According to its latest earnings release on Jan. 31, Chevron posted Q4 2024 revenues of $52.23 billion, above the consensus estimate of $48.41 billion, while EPS of $2.06 missed the consensus of $2.11.
Check out this <a href="https://www.benzinga.com/insights/news/25/03/44330237/pe-ratio-insights-for-chevron">article by Benzinga</a> for P/E ratio insights for Chevron.
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
Best Buy
Best Buy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) is the world's largest specialty consumer electronics retailer. It operates over 1,000 retail stores in North America and has over 85,000 employees.
Best Buy has raised its dividends every year for the last 11 years. In its most recent dividend hike announcement on March 5, the company increased the quarterly payout from $0.94 to $0.95 per share, equaling an annual figure of $3.80 per share. Currently, the dividend yield stands at 5.17%.
The company's annual revenue as of Jan. 31 stood at $41.53 billion. In its Q4 2025 earnings report on March 4, it posted revenues of $13.95 billion and EPS of $2.58. Both figures beat the Street estimates.&nbsp;
See Also: Have $200K saved?<a href="https://www.benzinga.com/money/have-200k-saved-heres-how-to-turn-it-into-lasting-wealth"> Here's how to turn it into lasting wealth</a>
IDACORP
IDACORP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDA#NYSE">IDA</a>) engages in the generation, transmission, distribution, purchase, and sale of electric energy in the U.S.
IDACORP has increased its dividend every year since 2011. As per its most recent dividend hike announcement on Sept. 20, its board raised the quarterly payout from $0.83 to $0.86 per share, which is equal to an annual figure of $3.44 per share. The current dividend yield is 3.01%.&nbsp;
IDACORP's annual revenue as of Dec. 31 stood at $1.83 billion. In its Q4 2024 earnings report on Feb. 20, the company posted EPS of $0.70, beating the consensus estimate of $0.63, while revenues of $398.13 million came in below the consensus of $403.21 million.
Chevron, Best Buy, and IDACORP are good choices for investors seeking reliable passive income. Their dividend yields of up to 5% and long history of consistent hikes make them attractive to income-focused investors.
Check out this <a href="https://www.benzinga.com/personal-finance/25/03/44450148/why-pepsico-restaurant-brands-and-fifth-third-bancorp-are-winners-for-passive-income">article by Benzinga</a> for three more stocks offering high dividend yields.
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<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
</ul>

How Chevron, Best Buy, And IDACORP Can Put Cash In Your Pocket

April tends to be a favorable month for U.S. equities, and history makes a compelling case for this. Over the past 95 years, the S&amp;P 500 has gained an average of 1.1% in April, finishing <a href="https://www.benzinga.com/markets">higher 61% of the time.</a>
In April, the index notched some of its most powerful monthly rallies in history, surging 43.6% in April 1933 and 17.9% in April 2020. Yet, it&#8217;s not always been a smooth ride — the worst April returns were a 20% crash in 1932 and a 9.5% drop in 1970.
Zooming in on the past three decades, April's track record becomes even more convincing. 
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), the benchmark ETF tracking the S&amp;P 500, delivered an average gain of 1.9% over the last 30 Aprils, making it the second-best month of the year after November. SPY ended April in the green 77% of the time.
That said, 2025 has started on a cautious note. Through March 26, the S&amp;P 500 is down about 3% year-to-date. 
Yet history suggests a seasonal tailwind could soon be at play — especially in four specific sectors that have consistently outperformed the broader market in April.
<h3 class="wp-block-heading">Financials (XLF): Banks Lead The Earnings Charge</h3>
The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) has historically been April&#8217;s top-performing sector. 
Since its inception in 1999, XLF has risen an average of 2.7% during the month, with gains coming in 65% of the time. The seasonal strength is largely tied to the first-quarter earnings season, which kicks off in April and is typically led by major banks. Optimism surrounding annual earnings outlooks often provides a boost.
XLF has already outperformed the broader market in 2025, gaining 4.5% year-to-date. Within the sector, JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) stands out: Over the past 45 years, JPM shares have climbed an average of 2.6% in April, delivering positive returns 68% of the time.
<h3 class="wp-block-heading">Consumer Discretionary (XLY): Big Tech Retailers Deliver Spring Strength</h3>
The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) also posted a strong seasonal performance, rising 2.4% on average in April over the last 26 years. It has a 65% winning rate during the month.
April is historically the best month for Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), with an average gain of 7.6% and a 70% success rate. 
Likewise, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) tends to accelerate this time of year, with April returns averaging 5.9%, making it the second-strongest month for the electric vehicle maker, behind only November's 11.9% surge.
<h3 class="wp-block-heading">Materials (XLB): A Solid Spring For Commodities And Chemicals</h3>
The Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) also delivered strong April sector performers. XLB has risen an average of 3.1% in April over the past 26 years, with a 65% win rate. The ETF is up about 3% year-to-date, suggesting some early momentum heading into April.
One heavyweight in the materials space, Linde plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LIN#NYSE">LIN</a>) — which represents roughly 20% of XLB's holdings — has consistently delivered in April. With 32 years of historical data, Linde has averaged a 3.5% gain in the month and ended April in positive territory 69% of the time.
<h3 class="wp-block-heading">Energy (XLE): The Strongest April Performer</h3>
Energy stocks have historically delivered the most robust gains in April, with the Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) averaging a 4.1% return and closing the month higher 62% of the time. 
Yet, it&#8217;s worth noting that this impressive figure is skewed by an extraordinary rebound in April 2020, when XLE surged nearly 30% following a historic 35% plunge in March 2020 — a period marked by collapsing oil prices and pandemic-driven market chaos. 
Looking at long-term leaders within the sector, Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) shares have gained an average of 2.7% in April over the past 40 years, while Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) performed slightly better, rising 3.1% on average over the same period. 
Below is a table showing each sector&#8217;s average performance in April.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>ETF</th>
<th>Avg. April Return (%)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Real Estate&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>0.4%</td>
</tr>
<tr>
<td>Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>1.2%</td>
</tr>
<tr>
<td>Consumer Staples&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>1.2%</td>
</tr>
<tr>
<td>Health Care&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>1.6%</td>
</tr>
<tr>
<td>SPDR S&amp;P 500 ETF Trust&nbsp;</td>
<td>1.9%</td>
</tr>
<tr>
<td>Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>1.95%</td>
</tr>
<tr>
<td>Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>2.4%</td>
</tr>
<tr>
<td>Consumer Discretionary&nbsp;Select Sector SPDR Fund</td>
<td>2.4%</td>
</tr>
<tr>
<td>Industrials&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>2.6%</td>
</tr>
<tr>
<td>Financial Select Sector SPDR Fund </td>
<td>2.7%</td>
</tr>
<tr>
<td>Materials&nbsp;Select Sector SPDR Fund </td>
<td>3.1%</td>
</tr>
<tr>
<td>Energy&nbsp;Select Sector SPDR Fund</td>
<td>4.07%</td>
</tr>
</tbody>
</table>
</figure>
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Photo: Shutterstock

Sector ETFs

ETFs

XLRE

Select Sector SPDR-Consumer Discretionary

These 4 S&P 500 Sectors Could Outperform The Market In April, If History Has A Say

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/03/25/final-trades-chevron-wynn-resorts-and-palo-alto-networks.html">Halftime Report Final Trades</a>,&#8221; Joshua Brown of Ritholtz Wealth Management said he is staying long on Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) and added that the stock still looks <a href="https://www.benzinga.com/markets/25/02/43685595/chevron-announces-about-20-workforce-reduction-in-cost-saving-initiative-responsible-leadership-requires-taking-these-steps">good to him</a>.
On Feb. 12, Chevron announced intentions to begin major layoffs this year, aiming to complete the majority by the end of 2026. The move is part of a broader cost-cutting plan, with the company targeting a reduction of $2 billion to $3 billion by the end of 2026, reported CNBC
Jim Lebenthal of Cerity Partners named Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>), saying there is news that billionaire Tilman Fertitta is increasing his stake in company. There is value in the stock, just give it little more time, he added.
Adding support to his choice, Wynn Resorts, on Feb. 13, reported better-than-expected fourth-quarter financial results. Wynn Resorts posted adjusted earnings of $2.42 per share, beating market estimates of $1.22 per share. The company's sales came in at $1.840 billion versus expectations of $1.769 billion.
Don't forget to check out our<a href="https://www.benzinga.com/premarket/"> premarket coverage here</a>
Stephanie Link of Hightower named Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) her final trade.
Citigroup analyst Fatima Boolani supported her view on Feb. 25, maintaining Palo Alto Networks with a Buy rating and raising the price target from $205 to $220.
Price Action:
<ul>
<li>Chevron shares gained 0.6% to close at $165.94 on Tuesday.</li>
<li>Wynn Resorts rose 1.4% to settle at $86.03 during Tuesday's session.</li>
<li>Palo Alto shares gained 2.9% to close at $189.95 on Tuesday.</li>
</ul>
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Media

PANW

WYNN

Chevron, Wynn Resorts And A Tech Stock On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Chevron, Wynn Resorts, Palo Alto Networks

Shares of oil and gas giant Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) are hitting 16-week highs on Tuesday as investors bet President Donald Trump's latest tariff threat could be a positive <a href="https://www.benzinga.com/government/regulations/25/03/44460897/oil-prices-rally-exxon-hits-16-week-highs-as-trump-vows-25-tariffs-on-any-country-buying-venezuelan-crude">catalyst for the stock. </a>
What To Know: Trump took to Truth Social on Monday with the <a href="https://truthsocial.com/@realDonaldTrump/posts/114217914259825110">promise</a> of 25% tariffs on any country that buys oil or gas from Venezuela, set to go into effect on April 2. 
The secondary tariffs target major buyers of Venezuelan oil, including China, India, Spain, Italy and Cuba and could disrupt global oil supply chains. Exxon Mobil could potentially see new opportunities if the proposed tariff sends countries looking for alternative supply. 
Read Next:<a href="https://www.benzinga.com/25/03/44475805/homebuilders-kb-home-lennar-cut-prices-as-homebuyer-demand-has-slowed-materially"> Homebuilders KB Home, Lennar Cut Prices As Buyer Demand Has &#8216;Slowed Materially&#8217;</a>
According to data from the Commerce Department, the U.S. bought $5.6 billion of oil and gas from Venezuela in 2024. Trump's proposed tariff could lead to a shift in U.S. oil import patterns, potentially benefiting domestic producers such as Exxon. 
Oil prices jumped after Trump proposed the tariffs Monday with WTI crude oil futures reaching $69.40 per barrel on Tuesday, the highest level in three weeks. A tighter global supply of oil would send prices higher, also benefiting major refiners who have <a href="https://www.benzinga.com/25/03/44343416/oil-titan-harold-hamm-warns-drilling-could-stop-if-oil-prices-remain-low-you-cant-drill-baby-drill">recently warned</a> that low oil prices could affect their ability to remain viable. 
Oil prices remain somewhat muted for now, due in part to an extension granted to Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), which allows the company until May 27 to exit its Venezuelan oil operations. 
The United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>), tracking the spot price of WTI, is up nearly 3% over the past five days and the SPDR Energy Select Sector Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), tracking the U.S. energy sector, is up 2% over the same period.  
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</ul>
Photo: Shutterstock

Specialty ETFs

Politics

Movers

Trump's Tariffs On Buyers Of Venezuelan Oil Could Boost Energy Sector, Exxon Mobil Stock

Crude prices surged and energy stocks rose Monday after President Donald Trump vowed to slap a sweeping 25% tariff on any country that imports Venezuelan oil, signaling renewed geopolitical tensions <a href="https://www.benzinga.com/topic/oil">in global energy markets.</a>
West Texas Intermediate light crude, as closely tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>), rose over 1% to $69 per barrel, touching a three-week high.
"Any country that purchases Oil and/or Gas from Venezuela will be forced to pay a Tariff of 25% to the United States on any Trade they do with our Country," Trump said, adding that enforcement would begin next month and be "registered and documented."
The statement came via a <a href="https://truthsocial.com/@realDonaldTrump/posts/114217914259825110">post </a>on Truth Social, where the former president accused Venezuela of sending violent criminals to the United States and branded the Tren de Aragua gang as a &#8220;Foreign Terrorist Organization.&#8221;
Trump added that the proposed secondary tariffs would go into effect on April 2, what he called "Liberation Day in America."
Read also: <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44459470/us-business-activity-rebounds-as-services-growth-outpaces-forecasts-yet-cost-pressures-intensify">US Business Activity Rebounds As Services Growth Outpaces Forecasts, Yet Cost Pressures Intensify</a>
Venezuela's oil exports have risen in recent years, and they remain a crucial revenue source for the embattled regime of Nicolás Maduro. 
According to Reuters, Venezuela exported 772,000 barrels a day of crude last year, marking a 10% increase from a year earlier. China is widely considered the largest purchaser of Venezuelan crude, though much of the oil arrives through indirect routes or intermediaries that obscure its origin to sidestep international sanctions.
Beyond geopolitics, U.S. economic data on Monday gave oil another push. Business activity surveys in March came in stronger than expected, easing recession fears but raising concerns that input costs may be accelerating again.
<h3 class="wp-block-heading">US Energy Stock Reactions</h3>
The oil rally ignited gains across the energy sector. Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) rose 1.1% to $116.75 by 11:15 a.m. in New York, reaching its highest level price since early December. Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) added 0.4%, while ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) gained 0.6%.
The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) climbed 0.6%, extending its year-to-date gain to 7.8%—the best performance among all S&amp;P 500 sectors in 2025.
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Government

Latin America

Regulations

Oil Prices Rally, Exxon Hits 16-Week Highs As Trump Vows 25% Tariffs On Any Country Buying Venezuelan Crude

On CNBC's &#8220;Halftime Report Final Trades,&#8221; Joshua Brown of Ritholtz Wealth Management named Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) <a href="https://www.benzinga.com/markets/25/02/43685595/chevron-announces-about-20-workforce-reduction-in-cost-saving-initiative-responsible-leadership-requires-taking-these-steps">his final trade</a>.
On Feb. 12, Chevron announced plans to slash its workforce by up to 20% and intends to commence major layoffs this year, aiming to complete the majority by the end of 2026. The move is part of a broader cost-cutting plan, with the company targeting a reduction of $2 billion to $3 billion by the end of 2026, reported CNBC
Jason Snipe of Odyssey Capital Advisors said he likes Fiserv, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>). On March 19, Fiserv announced that it had acquired CCV, a payment solutions provider in the Netherlands, Belgium and Germany, to drive growth in the European market.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Jim Lebenthal of Cerity Partners picked UnitedHealth Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) as his final trade.
On Thursday, UnitedHealth Group's Optum Rx will align payment models more closely to the costs pharmacies may face due to manufacturer pricing actions. The company plans a full implementation by January 2028.
Price Action:
<ul>
<li>Chevron shares gained 0.4% to close at $164.77 on Thursday.</li>
<li>Fiserv rose 0.7% to settle at $221.79 during Thursday's session.</li>
<li>UnitedHealth Group shares gained 1.6% to close at $511.30 on Thursday.</li>
</ul>
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Photo: Shutterstock

Chevron, Fiserv And A Health Care Stock On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Chevron, Fiserv, UnitedHealth Group

Live On CNBC, Josh Brown Announces Bought Chevron

In the wake of the Trump administration&#8217;s decision to revoke&nbsp;Chevron Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) license to operate in Venezuela, CEO Mike Wirth is seeking an extension to wind down the company&#8217;s operations in the country.
What Happened: Wirth has been engaging with Trump&#8217;s cabinet members, including Secretary of State Marco Rubio and Treasury Secretary Scott Bessent. The CEO also had a meeting with President Donald Trump at an event for energy executives hosted by the American Petroleum Institute, as <a href="https://www.wsj.com/world/americas/chevron-ceo-lobbies-for-more-time-to-wind-down-venezuela-operations-5afc2dee">per</a> a Wall Street Journal report.
Wirth&#8217;s request has met with opposition from cabinet members who disapprove of Venezuelan leader Nicolás Maduro. Wirth cautioned Rubio in a call that Chevron&#8217;s exit could pave the way for China and other U.S. rivals to expand their influence in Venezuela.
Despite this, Rubio, a staunch critic of Maduro, maintained that Chevron should comply with the Trump administration&#8217;s April 3 deadline to halt operations. Wirth has requested an extension of no less than 60 days past the deadline.
The State Department acknowledged the call with Wirth but refrained from further comments, stated WSJ.
SEE ALSO: <a href="https://www.benzinga.com/government/regulations/25/03/44415047/recession-will-rear-its-ugly-head-as-early-as-july-warns-expert-amid-two-rate-cuts-projected-for-2025-buy-bonds-on-dips">Recession &#8216;Will Rear Its Ugly Head&#8217; As Early As July, Warns Expert As 2 Rate Cuts Projected For 2025: &#8216;Buy Bonds On Dips&#8217;</a>
Why It Matters: This development follows the Trump administration&#8217;s decision to terminate an oil agreement with Venezuela, revoking a license previously granted to Chevron by former President Joe Biden. 
Trump announced the cancellation of Chevron's Venezuela operations <a href="https://www.benzinga.com/markets/25/02/44000386/trump-shuts-down-chevrons-venezuela-oil-permit-tightening-pressure-on-maduro-regime-crude-oil-prices-rise-on-supply-concerns">due to the lack </a>of progress on electoral reforms and migrant returns by Venezuelan President Nicolas Maduro. The oil giant was given the license to operate in Venezuela's oil sector on November 26, 2022. The current situation underscores the geopolitical complexities that multinational corporations like Chevron have to navigate.
Chevron produces about 25% of Venezuela's oil and exports around a third of it, using part of the revenue to recover debts. The oil is refined in the U.S. for various products. Chevron argues that leaving Venezuela could destabilize the economy and increase migration.
Chevron stock climbed 2% to close at $164.05 on Wednesday. 
Chevron holds a momentum rating of 72.28% and a growth rating of 31.20%, according to&nbsp;<a href="https://www.benzinga.com/report/CVX" target="_blank" rel="noreferrer noopener">Benzinga&#8217;s Proprietary Edge Rankings</a>. The Benzinga Growth metric evaluates a stock's historical earnings and revenue expansion across multiple timeframes, prioritizing both long-term trends and recent performance. For an in-depth report on more stocks and insights into growth opportunities,&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">sign</a>&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">up for Benzinga Edge.</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="449" height="279" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/20082907/image-180.png" alt="" class="wp-image-833632" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/20082907/image-180.png 449w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/20082907/image-180-300x186.png 300w" sizes="(max-width: 449px) 100vw, 449px" /></figure>
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Chevron CEO Reportedly Seeks Trump's Support For Venezuela Exit Extension

Oil prices tumbled Tuesday afternoon as traders reacted to President Donald Trump&#8216;s call with Russian President Vladimir Putin, which laid the groundwork for a <a href="https://www.benzinga.com/topic/ukraine">potential ceasefire in Ukraine. </a>
The West Texas Intermediate light crude, tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>), fell over 1% to $67 a barrel, reversing earlier session gains and snapping a two-day winning streak. 
Energy stocks, which on Monday had posted their best two-day streak since October 2022, took a breather as the market digested the geopolitical developments.
<h3 class="wp-block-heading">What Was Discussed In the Trump-Putin Call?</h3>
According to a White House readout, Trump and Putin agreed to an immediate halt on attacks targeting Russian and Ukrainian energy and infrastructure sites for 30 days. Additionally, they outlined plans for negotiations in the Middle East to establish a maritime ceasefire in the Black Sea.
Trump, in a post on Truth Social, described the call as "very good and productive," adding that "many elements of a Contract for Peace were discussed." He indicated that both Putin and Ukrainian President Volodymyr Zelenskyy "would like to see an end of the hostility. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">My phone conversation today with President Putin of Russia was a very good and productive one. We agreed to an immediate Ceasefire on all Energy and Infrastructure, with an understanding that we will be working quickly to have a Complete Ceasefire and, ultimately, an END to this…
&mdash; Trump Posts on &#120143; (@trump_repost) <a href="https://twitter.com/trump_repost/status/1902070296246669480?ref_src=twsrc%5Etfw">March 18, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
&#8220;We agreed to an immediate ceasefire on all energy and infrastructure, with an understanding that we will work quickly towards a complete ceasefire and, ultimately, an end to this very horrible war,&#8221; Trump wrote.
Putin, according to Russian sources, said that any resolution must be "comprehensive, sustainable, and long-term" while addressing Russia's security concerns. The Kremlin also stated that stopping foreign military aid to Ukraine is a key condition for de-escalation.
&#8220;The key condition for preventing escalation and pursuing a diplomatic resolution is the complete cessation of foreign military assistance and intelligence-sharing with Kyiv,&#8221; the Russian statement read.
<h3 class="wp-block-heading">How Energy Stocks Reacted</h3>
Energy stocks that had posted their strongest two-day rally since October 2022 paused their advance. 
The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) traded flat by 3:00 p.m. ET, though it remains up over 5% year-to-date, making it the best-performing S&amp;P 500 sector.
Among key oil equities, Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) slipped 0.2%, while Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) edged 0.7% higher. 
Meanwhile, natural gas stocks outperformed, with EQT Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>) and Antero Resources Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AR#NYSE">AR</a>) climbing 2% and 3%, respectively. Antero extended its winning streak to seven consecutive sessions. 
U.S. natural gas prices at the Henry Hub facility rose 0.9% to $4.095 per million British thermal units.
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Photo: Shutterstock

Oil Prices Slip, Energy Stocks Pause As Trump-Putin Call Signals Ukraine Ceasefire Progress

Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) has outperformed the market over the past 5 years by 1.84% on an annualized basis producing an average annual return of 21.68%. Currently, Chevron has a market capitalization of $275.36 billion. 
Buying $100 In CVX: If an investor had bought $100 of CVX stock 5 years ago, it would be worth $276.01 today based on a price of $156.40 for CVX at the time of writing.
<h3>Chevron's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742223616_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Chevron 5 Years Ago Would Be Worth This Much Today

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Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
03:26 PMMar 24, 2025	CALL	$165.00	Sep 19, 2025	169	562	522	17	3405	SWEEP	BEARISH
12:24 PMMar 24, 2025	CALL	$180.00	Jun 20, 2025	78	10698	10000	208	5143	TRADE	BEARISH
01:17 PMMar 17, 2025	CALL	$170.00	Jun 20, 2025	78	10066	8108	256	3939	TRADE	BEARISH

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