This Oil Stock Sent Investors a Record $7.2 Billion in Cash Last Quarter, With More to Come
(NYSE: CVX) recently reported its preliminary second-quarter numbers. Despite lower oil and gas prices in the period, the oil giant still produced strong earnings and cash flow. That enabled it to send lots of money back to shareholders through dividends and share repurchases.
The oil company expects to continue producing strong cash flow for decades to come. That sets investors up to continue collecting more cash from the oil stock.
Chevron recently announced some senior leadership changes, including the retirement of its CFO. That led the company to report its preliminary second-quarter results to eliminate any potential financial concerns stemming from the CFO transition. Those numbers were strong despite the continued weakness of oil and gas prices this year.
Source Fool.com
Chevron Corp. Aktie
Überwältigende Zustimmung für Chevron Corp. mit ausschließlich Buy-Einschätzungen.
Ein Kursziel von 179 € für Chevron Corp. könnte zu einer Steigerung von mehr als 20% gegenüber dem aktuellen Kurs von 133.6 € führen.
