5 Biggest Natural Gas Pipeline Companies in the World

4. Chevron Corporation (NYSE:CVX)

Revenue 2021: $162.47B

Chevron Corporation (NYSE:CVX) is a San Ramon, California-based energy corporation. The company is involved in all aspects of the oil and gas value chain, from exploration and drilling to pipeline transportation and marketing of oil and gas products.

In 2021, the company raised its quarterly dividend per share by 4% and lowered the net debt ratio to 15.6% from 22.7%. Furthermore, Chevron Corporation (NYSE:CVX) repurchased its stock worth $1.4 billion. The company is prioritizing initiatives that are anticipated to result in the greatest decrease in carbon emissions at the lowest possible cost.

Here’s what Madison Funds said about Chevron Corporation (NYSE:CVX) in its Q4 2022 investor letter:

“This quarter we are highlighting Chevron Corporation (NYSE:CVX) as a relative yield example in the Energy sector. CVX is a leading integrated oil company with exploration, production, and refining operations. It is the second largest oil company in the United States with more than 70% of production volumes from oil and liquid-linked natural gas. We believe it has a sustainable competitive advantage due to its scale and low-cost position. It has a large acreage position in the Permian Basin, which is a high-quality oil field. CVX was an early mover in the Permian and did not overpay to enter the oilfield; 75% of its position has a no or low royalty rate, which gives it a cost advantage over competitors.

Our thesis is that free cash flow growth per share is expected to accelerate due to disciplined capital spending, rising Permian production volumes, and stock repurchases. The company has also made important investments in low-carbon areas like greenhouse gas reduction, carbon capture, hydrogen, and renewable fuels which we believe will pay off later in the decade as the world transitions more to renewable energy sources…” (Click here to read the full text)