4 Reasons to Buy Chevron Stock Like There's No Tomorrow
If you are looking for an energy stock today, one company that should be on your shortlist is (NYSE: CVX). It has long been a safe harbor in what is often a turbulent environment for this industry.
Here are four reasons why this integrated energy giant should be in your portfolio today, tomorrow, and well into the future.
The energy sector is generally broken down into three subgroups: the upstream (energy production), the midstream (pipelines), and the downstream (chemicals and refining). Each of these segments of the broader industry behaves a little differently. For example, the midstream is driven by fees for the use of infrastructure assets and therefore is a relatively consistent cash-flow generator. The downstream, meanwhile, can benefit from the low oil prices that hurt the upstream because oil is an input cost.
Source Fool.com
Chevron Corp. Stock
The stock is an absolute favorite of our community with 26 Buy predictions and no Sell predictions.
As a result the target price of 179 € shows a positive potential of 22.37% compared to the current price of 146.28 € for Chevron Corp..
