Chevron vs ConocoPhillips: Which Is the Better Buy as Energy Sector Crushes the Market?

Chevron vs ConocoPhillips: Which Is the Better Buy as Energy Sector Crushes the Market?

Quick Read Chevron (CVX) beat Q4 earnings with 12% production growth from Hess acquisition. ConocoPhillips (COP) missed estimates as net income dropped 37.3% on lower prices. Chevron pursues Venezuela expansion and energy diversification. ConocoPhillips focuses on cost cuts and returned 45% of operating cash flow to shareholders. ConocoPhillips trades at a forward P/E of 17, versus Chevron’s 24, despite returning a higher percentage of cash f…

More US firms to enter Venezuela in 'next few months,' energy secretary says

Currently Chevron is the only U.S. oil firm operating in Venezuela. By Nicholas Kerr and David Brennan February 16, 2026, 9:32 AM Secretary of Energy Chris Wright told reporters on Sunday that more American companies are expected to enter Venezuela within the next few months, adding that the country may also hold an election before the end of 2027.  Wright traveled to Venezuela last week and met with interim President Delcy Rodriguez, who assume…

US grants two licences to global companies in Venezuela oil sector

The US has relaxed its sanctions on Venezuela's energy sector by granting two general licenses and allowing several global energy firms to resume operations and negotiate new contracts in the South American country.

US Licenses Chevron, BP, Shell, Eni and Repsol to Resume Operations in Venezuela | The Middle East Observer

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has issued new general licenses allowing several major international energy companies to resume oil and gas operations in Venezuela, in one of the most significant adjustments to U.S. sanctions policy on the country’s energy sector in years. The move follows sweeping legal reforms in Venezuela’s […]