From Yahoo Finance: 2025-06-28 04:15:00

Chevron Corporation (NYSE:CVX) is among the undervalued S&P 500 stocks favored by hedge funds. Energy Transfer (NYSE:ET) subsidiary signs 20-year agreement with Chevron USA Inc. for 1.0 million tonnes/year of LNG from Lake Charles facility. Chevron’s total volume commitment now at 3.0 mtpa. LNG supplied on free-on-board basis with price tied to Henry Hub benchmark.

Energy Transfer LNG’s obligations under the SPA with Chevron require a positive final investment decision for the Lake Charles facility. The agreement with Chevron helps secure long-term commitments for the project. Recent deals include agreements with MidOcean Energy and Kyushu Electric Power Company for LNG supply.

Chevron Corporation (NYSE:CVX) operates in energy and chemicals globally, while Energy Transfer (NYSE:ET) provides energy services in the US. Despite CVX’s potential, AI stocks may offer more upside with less downside risk. Consider exploring a free report on the best short-term AI stock for investment opportunities.



Read more at Yahoo Finance: Chevron Boosts LNG Commitment from Energy Transfer’s Lake Charles Facility to 3M Tonnes/Annum