US stock futures steady after Wall St dip; Fed meeting looms large By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 06 2025
0mins
Source: Investing.com
Market Overview: U.S. stock futures showed little movement after modest losses in Wall Street, with investors cautious ahead of the Federal Reserve's interest rate decision and new signs of easing U.S.-China trade tensions.
Company Updates: The Dow Jones Industrial Average fell 0.2%, while Skechers USA shares surged over 24% following a deal to go private; in contrast, Berkshire Hathaway saw a 5% drop due to a significant decline in operating earnings.
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Analyst Views on CVX
Wall Street analysts forecast CVX stock price to fall
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 185.820
Low
158.00
Averages
176.95
High
206.00
Current: 185.820
Low
158.00
Averages
176.95
High
206.00
About CVX
Chevron Corporation is an integrated energy company. The Company produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance its business and industry. The Company’s segments include Upstream and Downstream. Upstream operations consist primarily of exploring for, developing, producing and transporting crude oil and natural gas; liquefaction, transportation and regasification associated with LNG; transporting crude oil by major international oil export pipelines; processing, transporting, storage and marketing of natural gas; carbon capture and storage; and a gas-to-liquids plant. Downstream operations consist primarily of the refining of crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels, and transporting of crude oil and refined products by pipeline, marine vessel, motor equipment and rail car.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Chevron's Strong Outlook for 2026
- Cash Flow Growth Expectation: Chevron anticipates significant free cash flow growth in 2026 at current oil price levels, especially if prices exceed $70, potentially generating an additional $12.5 billion compared to 2025, showcasing strong financial resilience.
- Production Capacity Increase: The company plans to boost output by 7% to 10% in 2023, which translates to a meaningful increase from last year's 3.7 million barrels per day, enhancing its market competitiveness and providing higher returns to shareholders.
- Venezuela Potential: Chevron's production in Venezuela could increase by 50% over the next 18 to 24 months, further driving overall output growth and potentially boosting stock prices due to positive market news.
- Cost Savings Plan: The company expects to achieve $3 billion to $4 billion in structural cost savings by year-end, providing additional support for free cash flow growth and ensuring profitability amid oil price fluctuations.
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Chevron Wins Bid for Onshore Contract Area in Libya
- Winning Bid in Libya: Chevron, through its subsidiary, has secured the winning bid for Contract Area 106 in Libya's 2025 bidding round, marking a strategic expansion into the North African market that is expected to significantly enhance its resource development capabilities in the region.
- Memorandum of Understanding Signed: On January 24, 2026, Chevron signed an MoU with the National Oil Corporation of Libya to evaluate development and exploration potential, laying the groundwork for future investments and collaborations in the country.
- Confidence in Resource Development: Chevron's Vice President of Exploration, Kevin McLachlan, expressed confidence in leveraging the company's extensive experience in oil and gas project development to support Libya in further developing its substantial oil resources, thereby strengthening its market position.
- Strategic Investment Outlook: The award of the contract is contingent upon the execution of a Production Sharing Agreement, and Chevron looks forward to collaborating with NOC and other key stakeholders to advance Libya's energy sector development.
See More
Venezuela to Expand Oil Production Land for Chevron and Repsol Amid U.S. Push
- Expansion of Oil Production Licenses: Venezuela plans to grant more exploration and production blocks to Chevron and Repsol as early as this week, aiming to rebuild its energy sector and indicating a willingness to engage foreign investment.
- Chevron's Production Potential: Chevron's joint venture has been operational since 2010, currently producing around 40,000 barrels per day, with claims of potential output reaching 300,000 barrels per day, which would significantly enhance its competitiveness in the global market.
- U.S. Energy Cooperation: The U.S. Secretary of Energy toured Chevron's project in Venezuela's Orinoco oil belt, highlighting opportunities for cooperation between the two countries, reflecting the U.S. government's support for private companies in Venezuela's energy reconstruction.
- Repsol's Market Challenges: While Repsol holds interests in various blocks, it lost its authorization to produce crude last year, facing greater market challenges that illustrate the impact of U.S. sanctions on foreign enterprises.
See More
This Steady Dividend ETF Has Gained 10% in 2026, Driven by Caterpillar.
- Investor Patience: Investors focusing on reliable dividend payers have needed to be patient recently.
- Market Performance in 2026: In 2026, this patience is rewarded as companies like Caterpillar, Exxon Mobil, and Clorox achieve returns exceeding 25%.
See More
Analysis of SSO ETF's 52-Week Trading Range
- 52-Week Trading Range: The SSO ETF's 52-week low is $30.42 per share, with a high of $60.37, and the last trade at $59.35 indicates the ETF is fluctuating near its high, potentially attracting investor interest in its price movements.
- Technical Analysis Tool: Comparing the current share price to the 200-day moving average can provide valuable insights for investors, helping to assess market trends and potential buying opportunities.
- ETF Unit Trading Mechanism: ETFs trade similarly to stocks, where investors are buying and selling 'units' that can be created or destroyed based on investor demand, impacting the ETF's liquidity and market performance.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding helps identify ETFs experiencing notable inflows (new units created) or outflows (old units destroyed), assessing their impact on underlying assets and market sentiment.
See More
Chevron: A Top High-Yield Dividend Stock
- Earnings Volatility Analysis: Chevron's upstream profits plummeted from $18.6 billion in 2024 to $12.82 billion in 2025 primarily due to falling oil prices, yet downstream profits surged by 75%, demonstrating the company's ability to maintain profitability across varying market conditions.
- Cash Flow and Capital Expenditures: The company generated an additional $2.4 billion in cash flow from operations, supporting larger capital expenditures, stock buybacks, and its growing dividend, indicating a strong financial position that allows for continued investment even in adverse conditions.
- Acquisition and Market Expansion: Chevron's acquisition of Hess enhances its production capabilities in Guyana, forming a consortium with ExxonMobil and CNOOC, which further solidifies its market position in South America and is expected to drive future growth.
- Dividend Growth and Investment Appeal: Management announced a 4% increase in dividends on January 30, marking the 38th consecutive year of dividend growth, showcasing the company's ability to provide stable returns in a volatile oil price environment, thus attracting investors seeking reliable income.
See More
Chevron's Strong Outlook for 2026
- Cash Flow Growth Expectation: Chevron anticipates significant free cash flow growth in 2026 at current oil price levels, especially if prices exceed $70, potentially generating an additional $12.5 billion compared to 2025, showcasing strong financial resilience.
- Production Capacity Increase: The company plans to boost output by 7% to 10% in 2023, which translates to a meaningful increase from last year's 3.7 million barrels per day, enhancing its market competitiveness and providing higher returns to shareholders.
- Venezuela Potential: Chevron's production in Venezuela could increase by 50% over the next 18 to 24 months, further driving overall output growth and potentially boosting stock prices due to positive market news.
- Cost Savings Plan: The company expects to achieve $3 billion to $4 billion in structural cost savings by year-end, providing additional support for free cash flow growth and ensuring profitability amid oil price fluctuations.
See More
Chevron Wins Bid for Onshore Contract Area in Libya
- Winning Bid in Libya: Chevron, through its subsidiary, has secured the winning bid for Contract Area 106 in Libya's 2025 bidding round, marking a strategic expansion into the North African market that is expected to significantly enhance its resource development capabilities in the region.
- Memorandum of Understanding Signed: On January 24, 2026, Chevron signed an MoU with the National Oil Corporation of Libya to evaluate development and exploration potential, laying the groundwork for future investments and collaborations in the country.
- Confidence in Resource Development: Chevron's Vice President of Exploration, Kevin McLachlan, expressed confidence in leveraging the company's extensive experience in oil and gas project development to support Libya in further developing its substantial oil resources, thereby strengthening its market position.
- Strategic Investment Outlook: The award of the contract is contingent upon the execution of a Production Sharing Agreement, and Chevron looks forward to collaborating with NOC and other key stakeholders to advance Libya's energy sector development.
See More
Venezuela to Expand Oil Production Land for Chevron and Repsol Amid U.S. Push
- Expansion of Oil Production Licenses: Venezuela plans to grant more exploration and production blocks to Chevron and Repsol as early as this week, aiming to rebuild its energy sector and indicating a willingness to engage foreign investment.
- Chevron's Production Potential: Chevron's joint venture has been operational since 2010, currently producing around 40,000 barrels per day, with claims of potential output reaching 300,000 barrels per day, which would significantly enhance its competitiveness in the global market.
- U.S. Energy Cooperation: The U.S. Secretary of Energy toured Chevron's project in Venezuela's Orinoco oil belt, highlighting opportunities for cooperation between the two countries, reflecting the U.S. government's support for private companies in Venezuela's energy reconstruction.
- Repsol's Market Challenges: While Repsol holds interests in various blocks, it lost its authorization to produce crude last year, facing greater market challenges that illustrate the impact of U.S. sanctions on foreign enterprises.
See More
This Steady Dividend ETF Has Gained 10% in 2026, Driven by Caterpillar.
- Investor Patience: Investors focusing on reliable dividend payers have needed to be patient recently.
- Market Performance in 2026: In 2026, this patience is rewarded as companies like Caterpillar, Exxon Mobil, and Clorox achieve returns exceeding 25%.
See More
Analysis of SSO ETF's 52-Week Trading Range
- 52-Week Trading Range: The SSO ETF's 52-week low is $30.42 per share, with a high of $60.37, and the last trade at $59.35 indicates the ETF is fluctuating near its high, potentially attracting investor interest in its price movements.
- Technical Analysis Tool: Comparing the current share price to the 200-day moving average can provide valuable insights for investors, helping to assess market trends and potential buying opportunities.
- ETF Unit Trading Mechanism: ETFs trade similarly to stocks, where investors are buying and selling 'units' that can be created or destroyed based on investor demand, impacting the ETF's liquidity and market performance.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding helps identify ETFs experiencing notable inflows (new units created) or outflows (old units destroyed), assessing their impact on underlying assets and market sentiment.
See More
Chevron: A Top High-Yield Dividend Stock
- Earnings Volatility Analysis: Chevron's upstream profits plummeted from $18.6 billion in 2024 to $12.82 billion in 2025 primarily due to falling oil prices, yet downstream profits surged by 75%, demonstrating the company's ability to maintain profitability across varying market conditions.
- Cash Flow and Capital Expenditures: The company generated an additional $2.4 billion in cash flow from operations, supporting larger capital expenditures, stock buybacks, and its growing dividend, indicating a strong financial position that allows for continued investment even in adverse conditions.
- Acquisition and Market Expansion: Chevron's acquisition of Hess enhances its production capabilities in Guyana, forming a consortium with ExxonMobil and CNOOC, which further solidifies its market position in South America and is expected to drive future growth.
- Dividend Growth and Investment Appeal: Management announced a 4% increase in dividends on January 30, marking the 38th consecutive year of dividend growth, showcasing the company's ability to provide stable returns in a volatile oil price environment, thus attracting investors seeking reliable income.
See More
