#4 - Chevron (NYSE:CVX)
Chevron Corp. (NYSE: CVX) is an integrated oil company with worldwide operations. In August 2024, the company began oil and natural gas production from its Anchor project in the deepwater U.S. Gulf of Mexico—the first such project of its kind. And Chevron is also taking steps to ensure it will be relevant in a world that is increasingly looking for low-carbon solutions.
Oil stocks are often considered cyclical investments, which growth investors tend to avoid. However, Chevron provides a best of both worlds option. That is, investors can count on this Dividend King to provide a safe and reliable dividend even in years when economic conditions don’t allow for strong stock price growth. And Chevron’s fortress balance sheet ensures ample cash reserves that can be applied to stock buybacks.
The stock’s Goldilocks' status shows up in a 20-year annual average return of 24.9%. Analysts covered by MarketBeat show 14 out of 18 analysts giving CVX stock a Buy rating.
About Chevron
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.
More- Current Price
- $154.70
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 13 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $174.13 (12.6% Upside)
