Chesapeake Energy Corporation (NASDAQ: CHK)
Founded in 1989, Chesapeake Energy Corporation (NASDAQ: CHK) is a major player in the exploration and responsible development of resources across three key U.S. shale basins: the Eagle Ford, Haynesville, and Marcellus. Based in Oklahoma City—often referred to as the biggest “small town” in the energy world—the company operates in one of the most influential hubs for oil and gas.
As part of its transition toward cleaner energy solutions, Chesapeake announced on October 3 a collaboration with Eavor, a company known for pioneering geothermal technology. Together, they are conducting a feasibility study to examine geothermal potential at Joint Base San Antonio. This initiative is driven by Chesapeake’s recently formed New Energy Ventures (NEV) division, which was created to explore innovative technologies and alternative energy pathways in line with its long-term net-zero goals.
Chevron Corporation (NYSE: CVX)
Chevron Corporation (NYSE: CVX), one of the world’s largest integrated energy companies, traces its roots back to the Standard Oil Company of California, making it the second-largest successor of Standard Oil. Headquartered in San Ramon, California, Chevron maintains operations in more than 180 countries and is a global leader in oil and gas. Beyond hydrocarbons, the company works closely with startups, industry leaders, and government agencies to pursue growth opportunities in geothermal energy.
Chevron has formed a joint venture with Baseload Capital to launch geothermal projects in the U.S., beginning with a site in Nevada scheduled for development this year. It is also working with Mitsui Oil Exploration Co. in Japan to test a cutting-edge geothermal system, while simultaneously partnering with Pertamina, Indonesia’s top energy firm, to study the use of geothermal resources to power a green hydrogen facility.
As of October 26, Chevron pays a quarterly dividend of $1.51 per share, offering a yield of 3.93%. The company also stands out for its consistency, having raised its dividend every year for 36 consecutive years—delivering steady returns for investors.