With oil prices stabilizing in the $70s, midstream companies are staging an impressive recovery while maintaining their juicy dividends
Chevron's (CVX) cost-control moves are steadily impressive and are expected to have boosted its Q2 earnings and cash flows.
Much of the basic improvements, however, are already discounted in their stock prices, so investors will be looking for more than just impressive earnings. Historically, buybacks are a mixed blessing. Oil companies are in a unique spot right now.