
What Makes Chevron's Gulf of America Oil Bet So Compelling
Behind the numbers is a broader strategic shift. Chevron is combining decades of operational experience with new technologies to unlock deepwater resources more efficiently. Whale, for example, leverages a simplified facility design and energy-efficient systems to reduce emissions and cost per barrel. Similarly, the high-pressure Anchor platform — operational since August 2024 — is built to handle extreme conditions, with a resource base estimated at 440 million barrels of oil-equivalent. Together, these assets represent some of Chevron's highest-margin, lowest-carbon barrels globally.
This push isn't just about drilling more — it's about drilling smarter. Chevron's updated project models are helping it reduce costs, increase efficiency, and extend the life of its fields. For instance, the Tahiti platform, which has been producing since 2009, has since crossed 500 million barrels and could continue operating into the 2040s. Backed by more efficient designs and low-carbon intensity output, Chevron's Gulf operations are positioned to remain a strong, high-margin part of its portfolio.
Some Other Supermajors Active in the GoA
Europe's largest energy major Shell plc SHEL is the largest operator in the GoA, known for pioneering deepwater oil and gas production. Its operations — like Perdido, Vito, Whale, and the upcoming Sparta — showcase advanced, cost-efficient technology. With lower-than-average emissions and a 40% cut in methane since 2016, Shell is pairing innovation with sustainability in one of the world's most challenging offshore environments. Shell continues to lead with standardized designs, robotics and efficient subsea systems, keeping safety and environmental performance at the core of its offshore strategy.
Continental rival BP plc BP is also one of the top oil producers in the GoA, operating major hubs, including Atlantis, Mad Dog and Thunder Horse. With $7 billion in investments through 2025, BP aims to exceed 400,000 BOE/d in production from the region by the end of the decade. BP is also unlocking deep resources through projects like Kaskida, using smart, replicable platform designs for future expansion.
CVX's Price Performance, Valuation and Estimates
Shares of Chevron have lost more than 6% in the past year.
From a valuation standpoint, Chevron's forward 12-month P/E multiple stands at over 19X.
The Zacks Consensus Estimate for 2025 and 2026 EPS has moved up 4% and 1%, respectively, in the past 30 days.
Image Source: Zacks Investment Research
The stock currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
Free: See Our Top Stock And 4 Runners Up
Click to get this free report
BP p.l.c. (BP): Free Stock Analysis Report
Chevron Corporation (CVX): Free Stock Analysis Report
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Globe and Mail
3 hours ago
- Globe and Mail
Europe's Bank Boom: EBNK ETF in Focus
For European bank equities, the first half of 2025 has been highly rewarding, as their performance has far outpaced that of their U.S. and Asian peers. As shown below, the S&P Europe BMI Banks index gained 51.59% over the six months, while the U.S. S&P 500 Bank Index and S&P Pan Asia BMI Banks index returned 14.54% and 17.97%, respectively. Since central banks began sharply raising interest rates in 2022 to combat rising inflation, European banks have reported increased profits. The rise in lending income due to higher rates enabled banks to provide substantial capital distributions to their shareholders. However, even with interest rates declining in 2024, the profits of large banks remained robust, supported by revenue growth stemming from effective interest rate risk management, enhanced fee generation, and steady lending income. Over the past two years, large European banks have outperformed their US counterparts regarding returns on average equity (ROAE) and average total payout ratio, strengthening the case for European bank equities. Other Notable Developments According to Ernst & Young, in Europe, mergers and acquisitions (M&A) activity increased in the first half of 2025, with a 6% year-on-year rise in the number of publicly announced deals, totaling 358 compared to 337 in the first half of 2024. The total disclosed deal value also grew significantly, rising from $17.5 billion in H1 2024 to $44.4 billion in H1 2025, driven by ten transactions valued over $1 billion and one over $10 billion. While European banking deals remained flat at 97 in both H1 2024 and H1 2025, deal value almost doubled year-over-year, from $11.5 billion in H1 2024 to $21.5 billion in H1 2025. Investing In European Banks via ETFs For Canadian investors interested in gaining exposure to European banks, the Evolve European Banks Enhanced Yield ETF (Tickers: EBNK / EBNK.B / EBNK.U) invests in equity securities of the largest European banks on an equally weighted basis, with the added value of a covered call strategy applied to up to 33% of the portfolio. The fund will track the performance of the Solactive European Bank Top 20 Equal Weight Index Canadian Dollar Hedged. Please note this article is for information purposes only and does not in any way constitute investment advice. It is essential that you seek advice from a registered financial professional prior to making any investment decision.


CBC
4 hours ago
- CBC
Columbia University agrees to pay $220M in deal with Trump administration
Social Sharing Columbia University has reached a deal with the Trump administration to pay more than $220 million to the federal government to restore federal research money that was cancelled in the name of combating antisemitism on campus, the university announced Wednesday. Under the agreement, the Ivy League school will pay a $200 million US settlement over three years, the university said. It will also pay $21 million US to settle investigations brought by the U.S. Equal Employment Opportunity Commission. "This agreement marks an important step forward after a period of sustained federal scrutiny and institutional uncertainty," acting university president Claire Shipman said. The Trump administration pulled the funding because of what it described as the university's failure to squelch antisemitism on campus during the Israel-Hamas war that began in October 2023. Columbia then agreed to a series of demands laid out by the Republican administration, including overhauling the university's student disciplinary process and adopting a new definition of antisemitism. Agreement contains no admission of wrongdoing Wednesday's agreement — which does not include an admission of wrongdoing — codifies those reforms while preserving the university's autonomy, Shipman said. The school had been threatened with the potential loss of billions of dollars in government support, including more than $400 million US in grants cancelled earlier this year. "The settlement was carefully crafted to protect the values that define us and allow our essential research partnership with the federal government to get back on track," Shipman said. "Importantly, it safeguards our independence, a critical condition for academic excellence and scholarly exploration, work that is vital to the public interest." As part of the deal, Columbia agreed to a series of changes previously announced in March, including reviewing its Middle East curriculum to make sure it was "comprehensive and balanced" and appointing new faculty to its Institute for Israel and Jewish Studies. It also promised to end programs "that promote unlawful efforts to achieve race-based outcomes, quotas, diversity targets or similar efforts." The university will also have to issue a report to a monitor assuring that its programs "do not promote unlawful DEI goals." The pact comes after months of uncertainty and fraught negotiations at the more than 270-year-old university. It was among the first targets of U.S. President Donald Trump's crackdown on pro-Palestinian campus protests and on colleges that he asserts have allowed Jewish students be threatened and harassed. Columbia's own antisemitism task force found last summer that Jewish students had faced verbal abuse, ostracism and classroom humiliation during the spring 2024 demonstrations. Other Jewish students took part in the protests, however, and protest leaders maintain they aren't targeting Jews but rather criticizing the Israeli government and its war in Gaza. WATCH | Protesters clash with police at U.S. university campuses: U.S. campuses see clashes, arrests as Canadian encampments grow 1 year ago Disciplinary action against student protesters Columbia's leadership — a revolving door of three interim presidents in the last year — has declared that the campus climate needs to change. Yesterday, the university announced disciplinary action against students who participated in a pro-Palestinian demonstration inside the school's main library before final exams in May and an encampment during alumni weekend last year. A student activist group said nearly 80 students were told they have been suspended for one to three years or expelled. The sanctions issued by a university judicial board also include probation and degree revocations, Columbia said in a statement. Wednesday's settlement also contains an agreement by Columbia to ask prospective international students "questions designed to elicit their reasons for wishing to study in the United States," and establishes processes to make sure all students are committed to "civil discourse."


CBC
6 hours ago
- CBC
Tecumseh does an about-face on fourplexes — and it means risking losing $3.2M in federal cash
After originally applying for, and being granted, $4.4 million federal housing accelerator fund (HAF) last year, the municipality is now in jeopardy of losing most of that money.