Latest news with #GulfOfAmerica
Yahoo
6 days ago
- Business
- Yahoo
Chevron vs. Shell in Gulf of America: Who's Got the Edge?
Chevron Corporation CVX and Shell plc SHEL are two of the world's biggest energy companies, and both have been drilling for oil and gas in the deep waters of the Gulf of America (GoA) — what we used to call the Gulf of Mexico — for decades. This region is super important because it provides about 14% of all the crude oil produced in the United States, and is known for producing oil that's very profitable and has a lower carbon footprint. For both Chevron and Shell, their operations in the GoA are a vital part of their long-term plans, helping them use their money efficiently and meet their sustainability oil and gas in deep water is entering a new era, with companies using advanced technology and focusing more on reducing emissions. Because these projects cost a lot of money and U.S. energy independence is increasingly important globally, investors are paying closer attention to Chevron and Shell's GoA activities than ever before. Let's take a closer look at both companies to see which might be a better investment right now. The Case for Chevron Stock Chevron is really stepping up its game in the Gulf of America. The company recently started pumping oil from two huge new projects: Ballymore in April 2025, and Whale just a few months before that. Once it's fully running, Ballymore is expected to produce 75,000 barrels of oil per day, while Whale is designed for 100,000 barrels of oil equivalent per day. These two massive projects are key to Chevron's plan to boost its GoA production to 300,000 net barrels of oil equivalent per day by 2026, which is a whopping 50% increase from the 2020 levels!Chevron is combining its many years of offshore experience with new, energy-efficient designs. The company's Anchor platform, which started operating in August 2024, is built to tap into high-pressure oil reserves. Even older facilities, like Tahiti, which has been producing since 2009, are still thriving thanks to updated models and smarter cost management. All these upgrades mean that Chevron's oil from the Gulf is among the most profitable and environmentally friendly in its entire portfolio. Chevron isn't just focused on producing more oil; they are also investing smartly. The integrated major is using simpler designs and building things in pre-made sections to cut down on development time and costs. For example, the Whale facility uses energy-efficient systems to minimize its pollution. This strategy helps Chevron produce highly profitable oil with less carbon, showing they're being financially smart and environmentally responsible. The Case for Shell Stock Shell is a true pioneer in deepwater drilling and remains the biggest producer in the Gulf of America. They were the first company to successfully extract oil from water depths beyond 1,000 feet, way back in 1978. Shell's current list of assets includes major projects like Perdido, Stones, Vito, and Whale, all of which highlight Shell's unmatched ability to operate in extremely deep waters. Sparta, another new project set to begin producing in 2028, will be the next standardized facility in its deepwater portfolio. These projects really show off Shell's engineering skill and its ability to control costs even in one of the toughest drilling environments in the strategic advantage comes from its focus on replicating designs and using robotics. The Vito and Whale projects, for instance, used almost identical designs, which meant engineering work was 50% faster and manufacturing errors were reduced by 75%. Also, in 2024, the Stones project led the industry by using robotic systems to inspect offshore tanks, cutting costs and making operations safer. When it comes to emissions, Shell has already reduced methane output in the GoA by 40% since 2016 and even beat its 2023 emissions target by 5%, further strengthening its reputation for environmental GoA portfolio is anchored by advanced deepwater hubs like Perdido and Stones, among the world's deepest and most complex offshore facilities. These assets support a hub-and-spoke model, enabling efficient tiebacks and extended field life. Upcoming projects like Sparta follow Shell's phased, capital-efficient approach. With high uptime, strong recovery rates, and low emissions, Shell's GoA operations offer reliable cash flow while aligning with its broader strategy of disciplined growth and decarbonization. Price Performance Over the last year, Shell's stock has remained relatively stable, dropping just 0.1%, while Chevron's stock has dipped 3.3%. Chevron's recent underperformance might mean its stock is undervalued, especially if its ambitious Gulf production goals are met on time. Image Source: Zacks Investment Research Valuation Comparison When we look at how much investors are willing to pay for future earnings, Chevron trades at 18.26 times its forward earnings, while Shell trades at 11.29 times. Chevron's higher value likely reflects expectations of better profit margins from its growing GoA projects and the positive impact of recently acquired high-value assets from Hess. Image Source: Zacks Investment Research Earnings Outlook The Zacks Consensus Estimate sees Chevron's EPS to drop by 27% in 2025, but then bounce back strongly with a 23% increase in 2026. Image Source: Zacks Investment Research Shell's EPS is projected to fall by 20% in 2025, with a slower recovery of 10% in 2026. Image Source: Zacks Investment Research Conclusion Chevron and Shell are both powerful players in the Gulf of America, bringing decades of experience together with modern efficiencies and a good environmental track record. Shell stands out for its sheer size, innovative spirit, and ability to replicate successful projects. Chevron, on the other hand, offers a more focused strategy in the Gulf, with a clearer outlook for higher profit margins and stronger production both companies currently carrying a Zacks Rank #3 (Hold), investors might find it tough to pick a clear winner. However, Chevron seems to be in a slightly better position right now. This is due to its very clear production targets, smart spending, and a projected stronger rebound in earnings. That said, both stocks remain compelling options for investors looking for high-quality exposure to one of the world's most resilient and environmentally conscious offshore oil basins. You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chevron Corporation (CVX) : Free Stock Analysis Report Shell PLC Unsponsored ADR (SHEL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
Yahoo
6 days ago
- Business
- Yahoo
Is Chevron (CVX) a Good Long-Term Stock for Halal Portfolios?
Chevron Corporation (NYSE:CVX) is included among the 11 Best Halal Dividend Stocks to Buy Now. An aerial view of an oil rig at sea, the sun glinting off its structure. The company has long been a reliable choice for investors, particularly those focused on dividends. It has consistently delivered strong cash flows and has increased its dividend for 38 consecutive years. Although its share price tends to move with shifts in oil prices— mirroring the broader volatility seen in the energy sector— Chevron has remained a rewarding option for long-term dividend-focused investors. Chevron Corporation (NYSE:CVX)'s upstream segment remains a major strength and is expected to keep supporting the company's solid financial performance. With contributions from its TCO joint venture in Kazakhstan and its production assets in the Permian Basin and Gulf of America, the company anticipates an additional $10 billion in free cash flow by 2026 if Brent Crude averages $70 per barrel. If prices average $60 per barrel instead, the company still expects around $9 billion in incremental free cash flow from this segment. Currently, Chevron Corporation (NYSE:CVX) offers a quarterly dividend of $1.71 per share and has a dividend yield of 4.56%, as of July 18. While we acknowledge the potential of CVX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. 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
Globe and Mail
6 days ago
- Business
- Globe and Mail
Chevron vs. Shell in Gulf of America: Who's Got the Edge?
Chevron Corporation CVX and Shell plc SHEL are two of the world's biggest energy companies, and both have been drilling for oil and gas in the deep waters of the Gulf of America (GoA) — what we used to call the Gulf of Mexico — for decades. This region is super important because it provides about 14% of all the crude oil produced in the United States, and is known for producing oil that's very profitable and has a lower carbon footprint. For both Chevron and Shell, their operations in the GoA are a vital part of their long-term plans, helping them use their money efficiently and meet their sustainability goals. Developing oil and gas in deep water is entering a new era, with companies using advanced technology and focusing more on reducing emissions. Because these projects cost a lot of money and U.S. energy independence is increasingly important globally, investors are paying closer attention to Chevron and Shell's GoA activities than ever before. Let's take a closer look at both companies to see which might be a better investment right now. The Case for Chevron Stock Chevron is really stepping up its game in the Gulf of America. The company recently started pumping oil from two huge new projects: Ballymore in April 2025, and Whale just a few months before that. Once it's fully running, Ballymore is expected to produce 75,000 barrels of oil per day, while Whale is designed for 100,000 barrels of oil equivalent per day. These two massive projects are key to Chevron's plan to boost its GoA production to 300,000 net barrels of oil equivalent per day by 2026, which is a whopping 50% increase from the 2020 levels! Chevron is combining its many years of offshore experience with new, energy-efficient designs. The company's Anchor platform, which started operating in August 2024, is built to tap into high-pressure oil reserves. Even older facilities, like Tahiti, which has been producing since 2009, are still thriving thanks to updated models and smarter cost management. All these upgrades mean that Chevron's oil from the Gulf is among the most profitable and environmentally friendly in its entire portfolio. Chevron isn't just focused on producing more oil; they are also investing smartly. The integrated major is using simpler designs and building things in pre-made sections to cut down on development time and costs. For example, the Whale facility uses energy-efficient systems to minimize its pollution. This strategy helps Chevron produce highly profitable oil with less carbon, showing they're being financially smart and environmentally responsible. The Case for Shell Stock Shell is a true pioneer in deepwater drilling and remains the biggest producer in the Gulf of America. They were the first company to successfully extract oil from water depths beyond 1,000 feet, way back in 1978. Shell's current list of assets includes major projects like Perdido, Stones, Vito, and Whale, all of which highlight Shell's unmatched ability to operate in extremely deep waters. Sparta, another new project set to begin producing in 2028, will be the next standardized facility in its deepwater portfolio. These projects really show off Shell's engineering skill and its ability to control costs even in one of the toughest drilling environments in the world. Shell's strategic advantage comes from its focus on replicating designs and using robotics. The Vito and Whale projects, for instance, used almost identical designs, which meant engineering work was 50% faster and manufacturing errors were reduced by 75%. Also, in 2024, the Stones project led the industry by using robotic systems to inspect offshore tanks, cutting costs and making operations safer. When it comes to emissions, Shell has already reduced methane output in the GoA by 40% since 2016 and even beat its 2023 emissions target by 5%, further strengthening its reputation for environmental responsibility. Shell's GoA portfolio is anchored by advanced deepwater hubs like Perdido and Stones, among the world's deepest and most complex offshore facilities. These assets support a hub-and-spoke model, enabling efficient tiebacks and extended field life. Upcoming projects like Sparta follow Shell's phased, capital-efficient approach. With high uptime, strong recovery rates, and low emissions, Shell's GoA operations offer reliable cash flow while aligning with its broader strategy of disciplined growth and decarbonization. Price Performance Over the last year, Shell's stock has remained relatively stable, dropping just 0.1%, while Chevron's stock has dipped 3.3%. Chevron's recent underperformance might mean its stock is undervalued, especially if its ambitious Gulf production goals are met on time. Valuation Comparison When we look at how much investors are willing to pay for future earnings, Chevron trades at 18.26 times its forward earnings, while Shell trades at 11.29 times. Chevron's higher value likely reflects expectations of better profit margins from its growing GoA projects and the positive impact of recently acquired high-value assets from Hess. Earnings Outlook The Zacks Consensus Estimate sees Chevron's EPS to drop by 27% in 2025, but then bounce back strongly with a 23% increase in 2026. Image Source: Zacks Investment Research Shell's EPS is projected to fall by 20% in 2025, with a slower recovery of 10% in 2026. Conclusion Chevron and Shell are both powerful players in the Gulf of America, bringing decades of experience together with modern efficiencies and a good environmental track record. Shell stands out for its sheer size, innovative spirit, and ability to replicate successful projects. Chevron, on the other hand, offers a more focused strategy in the Gulf, with a clearer outlook for higher profit margins and stronger production growth. With both companies currently carrying a Zacks Rank #3 (Hold), investors might find it tough to pick a clear winner. However, Chevron seems to be in a slightly better position right now. This is due to its very clear production targets, smart spending, and a projected stronger rebound in earnings. That said, both stocks remain compelling options for investors looking for high-quality exposure to one of the world's most resilient and environmentally conscious offshore oil basins. You can see the complete list of today's Zacks #1 Rank stocks here. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Chevron Corporation (CVX): Free Stock Analysis Report
Globe and Mail
7 days ago
- Business
- Globe and Mail
Expro Unveils Its Most Advanced Brute® Packer System for Deepwater Wells
Expro (NYSE:XPRO), a leading provider of energy services, has launched its most advanced BRUTE ® High-Pressure, High Tensile Packer System, designed to help operators work more efficiently and confidently in the extreme conditions of deepwater wells. Engineered for the highest differential pressures in the market, this new technology gives operators the flexibility to set higher in the wellbore - saving rig time, reducing operational risk, and simplifying regulatory compliance. This press release features multimedia. View the full release here: The introduction of the BRUTE ® Armor Packer marks a major milestone in the continued evolution of Expro's BRUTE ® product line. With unmatched versatility, this innovation positions Expro as the only provider capable of supporting 20k deepwater projects at this level. When deployed with the BRUTE ® 2 Storm Valve, it forms the industry's highest-rated Storm/Service Packer and Valve combination currently available. As a recognized leader in deepwater downhole solutions, Expro was commissioned by a super-major energy company for a high-spec 20k development in the Gulf of America. The inaugural use of the technology confirmed its pressure integrity and performance under extreme downhole conditions resulting in the release and first successful deployment of the 12,850 psid-rated 12.25' BRUTE ® Armor Packer System in April 2025. Building on the successful deployment of the 12.25' Packer System, Expro has also introduced a new 20'/22' Packer System addressing historical challenges of 20' and 22' retrievable mechanical packer systems, often constrained by internal diameter (ID) limitations, such as subsea high-pressure wellhead housings and supplemental casing adapters. Featuring twice the element expansion capability of traditional mechanical packers, the new system delivers efficient, reliable performance for casing testing, suspension, and squeeze applications, all without compromising operational effectiveness. The first deployment of the 20'/22' Packer System recently took place in June 2025, during a high-profile offshore campaign for a super-major operator in the Gulf of America. The packer passed through restrictions in the high-pressure wellhead housing and supplemental casing adapter before being installed in a larger ID below both components. It achieved full element expansion and pressure integrity on the first attempt validating the tool's enhanced expansion capability, enabling efficient casing isolation while reducing rig time and operational risk. Jeremy Angelle, Vice President of Well Construction commented: 'This launch firmly establishes Expro's BRUTE ® Packers as the industry benchmark for deepwater storm and test packers in terms of pressure and tensile strength. The modular toolset provides unparalleled flexibility, making it the most adaptable solution on the market and positions Expro as the partner of choice for next-generation 20k deepwater developments. 'We're not just meeting the industry's toughest standards - we're defining them.' Notes to Editors Working for clients across the well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and what the Company considers to be best-in-class safety and service quality. The Company's extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity solutions. With roots dating to 1938, Expro has approximately 8,500 employees and provides services and solutions to leading exploration and production companies in both onshore and offshore environments in more than 50 countries. For more information, please visit and connect with Expro on Twitter @ExproGroup and LinkedIn @Expro. This press release, and oral statements made from time to time by representatives of the Company, may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, the success, safety, efficiency and sustainability of the Company's well construction technologies, the Company's environmental, social and governance goals, targets and initiatives, and future growth, and are indicated by words or phrases such as "anticipate," "outlook," "estimate," "expect," "project," "believe," "envision," "goal," "target," "can," "will," and similar words or phrases. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the future results, performance or achievements expressed in or implied by such forward-looking statements. Forward-looking statements are based largely on the Company's expectations and judgments and are subject to certain risks and uncertainties, many of which are unforeseeable and beyond our control. The factors that could cause actual results, performance or achievements to materially differ include, among others the risk factors identified in the Company's Annual Report on Form 10-K, Form 10-Q and Form 8-K reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, historical practice, or otherwise.
The Independent
22-07-2025
- Politics
- The Independent
Infamous Trump rebrand sparked confusion and chaos
Donald Trump 's directive to rename the Gulf of Mexico to the Gulf of America caused significant disruption within the US Geological Survey. Agency staff were instructed by their public affairs office to completely ignore all media inquiries regarding the name change. Even Michael Tischler, a USGS director, expressed internal confusion about the practical implementation of the name change, including whether the Gulf would be split. The Society of Professional Journalists criticised the agency's actions as 'stonewalling', although the Interior Department defended their protocol as standard procedure. A bill sponsored by Republican Representative Marjorie Taylor Greene to legally enshrine the name change passed the House but is unlikely to pass in the Senate due to Democratic opposition.
