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Ranger Energy Secures Chevron Contract for Three Additional ECHO Hybrid Rigs (RNGR)
InvestorsHub22d agoneutral
Ranger Energy Secures Chevron Contract for Three Additional ECHO Hybrid Rigs (RNGR)

Ranger Energy Services (NYSE:RNGR) has been awarded a new contract by Hess Corporation, a wholly owned subsidiary of Chevron Corporation (CVX), to supply three additional ECHO hybrid workover rigs for operations across the Lower 48 United States. The agreement expands Ranger’s next-generation rig fleet and strengthens its relationship with one of the country’s largest energy producers.

Odessa American, Texas23d agoneutral
Perryman says data centers can be beneficial with protections

With Microsoft and Chevron joining forces to build a self-powered $7-billion AI data center 20 miles south of Pecos and with other companies envisaging similar plans, Waco economist Ray Perryman says there are justifiable concerns about ensuring that data centers do not lead to problems with the electricity supply or transmission capacity, although many of those concerns are being addressed. ...

Chevron (CVX) Launches AI Data Center Power Venture And Extends Australia Gas Supply
Simply Wall St.23d agoneutral
Chevron (CVX) Launches AI Data Center Power Venture And Extends Australia Gas Supply

Chevron (NYSE:CVX) has launched a new business with GE Vernova and Microsoft to supply natural gas power to AI data centers. The company has also signed a five year extension to supply natural gas to Alinta Energy in Western Australia. Chevron is best known for its oil and gas production. This new move into powering AI data centers links its existing natural gas operations with a fast growing digital infrastructure sector. The partnership with GE Vernova and Microsoft positions Chevron...

Trump Makes U.S. The 'Guardian' Of Hormuz; What Happens Now
Investor's Business Daily23d agobullish
Trump Makes U.S. The 'Guardian' Of Hormuz; What Happens Now

Oil prices jumped on Monday as President Donald Trump said the U.S. will reimpose a blockade on Iranian ports and provide other countries safe passage —for a fee — through the Strait of Hormuz. The announcement follows an escalation of U.S.-Iran military strikes after Tehran had targeted ships in the Strait traveling an alternative path to the Tehran-approved route open for ships paying a fee to the regime. With U.S.-Iran negotiations at an impasse over control of the key global shipping route and Tehran's nuclear program, the diplomatic route — and Wall Street's assumption that flare-ups in fighting won't lead the sides back to war — is facing its biggest test.

Oil Prices Jump As U.S.-Iran Escalation Tests Market Calm
Investor's Business Daily23d agobullish
Oil Prices Jump As U.S.-Iran Escalation Tests Market Calm

Oil prices jumped on Monday amid escalation of Middle East conflict as the U.S. challenged Iran's assertion of control over the Strait of Hormuz. With U.S.-Iran negotiations at an impasse over the key global shipping route and Tehran's nuclear program, Wall Street's assumption that flare-ups in fighting won't lead the sides back to war is being tested, but still holding firm. With Iran declaring the Strait of Hormuz closed, S&P 500 futures traded slightly lower, with APA, Occidental Petroleum and Devon Energy trading high on the index.

Oil prices jump and Asian shares slip as US and Iran carry out airstrikes
Associated Press23d agobullish
Oil prices jump and Asian shares slip as US and Iran carry out airstrikes

Oil prices jumped and Asian shares were mostly lower Monday after the U.S. carried out airstrikes and Iran retaliated. The price of Brent crude, the international standard, gained 3.9% to $78.96 per barrel, while U.S. benchmark crude oil added 4% to $74.26 per barrel. Prices for both types of crude oil recently had slipped back to the levels they were at before the war with Iran began, after the two sides set an interim agreement on ending the conflict and ships resumed transporting oil through the Strait of Hormuz.

How Investors Are Reacting To Texas Pacific Land (TPL) Chevron Power Deal And Earnings Beat
Simply Wall St.25d agobullish
How Investors Are Reacting To Texas Pacific Land (TPL) Chevron Power Deal And Earnings Beat

Texas Pacific Land recently reported stronger-than-expected first-quarter 2026 results and announced an agreement with Chevron to provide land and brackish water for a power generation facility in Reeves County, Texas. This combination of robust operating performance and a new long-term infrastructure partnership highlights how Texas Pacific Land is seeking to broaden and deepen its revenue base beyond traditional oil and gas royalties. We'll now examine how the Chevron power project...

Texas Pacific Land (TPL) Could Be 11% Undervalued On Its Royalty Growth Narrative
Simply Wall St.25d agoneutral
Texas Pacific Land (TPL) Could Be 11% Undervalued On Its Royalty Growth Narrative

Texas Pacific Land (TPL) drew fresh attention after Horizon Kinetics Asset Management, a more than 10% shareholder, disclosed another tiny open market purchase, adding a single share at just over US$400. See our latest analysis for Texas Pacific Land. Against this backdrop of small insider purchases, Texas Pacific Land’s latest share price of US$397.82 sits after a 1-month share price return of 6.03% and a year-to-date share price return of 33.51%, while the 3-year total shareholder return of...