Chevron Corporation’s CVX Chevron New Energies division along with the subsidiary of the leading midstream energy player in North America, Enterprise Products Partners L.P. EPD, has established a framework to explore and assess carbon dioxide (CO2) capture, utilization, and storage (CCUS) prospects.The agreement calls for them to research and analyze the commercial potential in the United States' Midcontinent and Gulf Coast regions with the initial phase of the research lasting roughly six months.Chevron and Enterprise had previously collaborated on business opportunities and possess complementary skills to pursue CCUS successfully. Banking on the industry experience that the two companies can bring in to contribute to this initiative, their collaborative effort will have the potential to boost their ongoing drive to build lower-carbon operations on a commercial scale.Enterprise's substantial midstream pipeline and storage network will be combined with Chevron's subsurface technology to gather, aggregate, transport and sequester carbon dioxide in support of the transforming energy landscape.Carbon capture, utilization and storage or CCUS is considered essential to making progress toward the Paris Agreement's worldwide net-zero emission goal. CCUS can be instrumental in achieving net-zero emissions on the following four counts. It can cut emissions from the current energy properties, provide a solution to those sectors that find it difficult to control emission, act as a platform for churning out green hydrogen and eliminating carbon from the environment to curb emissions that cannot be slashed at once.As the focus on energy transition intensifies, San Ramon, CA-based Chevron made a Series C investment in Blue Planet Systems Corporation in the beginning of this year. In addition, it signed a letter of intent with Blue Planet regarding cooperation on pilot projects and other commercial opportunities in prime geographic locations with the purpose of jointly developing lower-carbon prospects. This investment was made through its Future Energy Fund, which focuses on startups with lower-carbon technologies that can scale commercially.Zacks Rank & Other Key PicksChevron currently has a Zacks Rank #2 (Buy). Other top-ranked players in the energy space include Devon Energy Corporation DVN and Continental Resources, Inc. CLR, each presently flaunting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Devon Energy is likely to see earnings growth of 9.32% in 2021.Continental is expected to witness earnings growth of 435.9% in 2021. Time to Invest in Legal Marijuana If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%. You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Devon Energy Corporation (DVN): Free Stock Analysis Report Chevron Corporation (CVX): Free Stock Analysis Report Enterprise Products Partners L.P. (EPD): Free Stock Analysis Report Continental Resources, Inc. (CLR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research