3 Reasons to Buy High-Yield Chevron Stock Like There's No Tomorrow
(NYSE: CVX) is offering investors a solid 4.4%-or-so dividend yield in the energy patch. That compares favorably to the average energy stock's 3.1% yield and even more favorably to the broader market's 1.2%. But a generous dividend payment is just one reason to like Chevron if you are looking for a high-yield energy stock to add to your portfolio.
Here are three more reasons to like this energy giant.
Chevron is what's known as an integrated energy giant. The giant part is simple to understand; the company's market capitalization is around $260 billion. It isn't the largest integrated energy company, but it competes easily with all of the big players in the energy sector. The integrated aspect means that Chevron has operations across the energy spectrum, including the upstream, midstream, and downstream segments.
Source Fool.com