$CVX

Chevron Mediterranean plans to decommission the Yam Tethys offshore Israel gas platform in 2028, with timing and cost allocation subject to partner agreements, according to NewMed Energy. NewMed said hot commissioning tests on a new Ashdod-Ashkelon subsea pipeline are complete and gas is flowing. It also cited a $22 million 2D/3D seismic survey and Israel’s EEZ bid round.

Investing.com reports Berkshire Hathaway expanded its Alphabet stake in Q2, adding tens of millions of shares, lifting Class C to over 27 million and Class A to nearly 79 million, based on its latest 13F. It trimmed Bank of America by more than 30 million shares and reduced Capital One and Ally. Berkshire also added Delta and Macy’s, exited Constellation Brands, and increased Lennar and started DR Horton.

Newsweek reports that President Donald Trump criticized Chevron and ExxonMobil for profiting from higher fuel costs tied to the Iran war, while his 2025 and early 2026 financial disclosures show investments in both. Chevron Q2 net income rose nearly 400% to $12.2B and Exxon adjusted earnings were $14.7B. The article cites estimated gains from Trump’s holdings and ongoing DOJ gas-price probes.

The article says U.S. President Donald Trump criticized oil majors ExxonMobil and Chevron after they reported strong 2026 Q2 profits, attributing gains to supply disruptions from the U.S.-Israeli war with Iran and higher oil prices. It cites Guardian estimates of $93B total profits for eight majors and lists ExxonMobil $14.5B, Chevron $12.2B, Shell adjusted $9.8B, BP $5.7B. It also notes Saudi Aramco net profit rose 44% to $32.69B despite Strait of Hormuz disruptions, while U.S. gasoline average

Chevron shares rose 1.7% to $201.08, adding about $6.7 billion in market value, after the U.S. National Hurricane Center cut near-term Atlantic storm development odds to 20% for AL92 and reported no Gulf output risk. Oil prices rose on concerns about Iranian supply, with Brent up $1.43 to $88.50 and WTI up $1.56 to $82.81.

On Aug. 13, 2026, Jim Cramer told a caller he likes Hess Midstream (HESM), citing its 7%+ dividend yield and a record of quarterly dividend increases since 2017. Hess Midstream’s latest distribution was $0.7888 per unit, ex-div Aug. 6, 2026, with a stated 5% annual growth target. The article also notes Chevron (CVX) owns Hess Corporation, making Chevron a key customer. HESM closed at $39.78.

The article says Chevron (CVX) and Exxon Mobil (XOM) posted consecutive earnings beats and cites Q2 2026 adjusted EPS and revenue figures, while Occidental (OXY) also reported a strong EPS surprise. It links the bull case to Brent near $89, a 20-year Chevron power deal with Microsoft (2.67 GW), and LNG and buyback/deleveraging plans, outlining target prices of $225 (CVX), $180 (XOM), and $75 (OXY).

U.S. Treasury Secretary Scott Bessent said the Strait of Hormuz could be “irrelevant” within two years as the U.S. promotes pipeline alternatives to reduce Iran’s leverage. The article cites EIA data that about 20 million bpd crossed Hormuz in 2024 versus 4.7 million bpd of bypass capacity. Chevron (NYSE:CVX) is studying the Haditha-Baniyas pipeline linking Iraq to Syria’s Mediterranean coast.

Ahead of Ofgem’s next three-month energy price cap on Aug 26, campaign groups say eight major energy firms generated over £6bn in UK-attributable profits in 2026. Estimates use company financial results, including Centrica adjusted operating profit of £497m (H1), Shell $9.8bn global adjusted earnings (Q2), and Equinor $11.48bn adjusted operating income (Q2).

GUSTAVSON JEFF B (President, New Energies) sold 14,044 shares of CHEVRON CORP (CVX) at $194.95 ($2.74M total) on 2026-08-11.