#1 - Chevron (NYSE:CVX)
Chevron Corp. (NYSE: CVX) has something for every investor. If you’re looking for stocks with growth potential in 2025 and beyond, you’ll want to look for oil stocks. Particularly, you’ll want to look at companies that are involved in exploration and drilling. That’s because, despite oil production being at record levels, much more will be needed to meet the demand needs of an electrified future (e.g. data centers).
Plus, Chevron is making purposeful investments in a renewable energy future. These initiatives currently include managing methane emissions, carbon capture and storage projects, and helping to promote renewable fuels.
CVX stock is up 1.1% in 2024, which is far below that of Exxon Mobil Corp. (NYSE: XOM), which is up 19.1%. Still, analysts believe the stock has 15% upside potential, particularly now that its merger with Hess Corp. (NYSE: HES) has received approval by the U.S. Federal Trade Commission (FTC).
And if you’re looking for a combination of growth and income, don’t forget that Chevron is a dividend aristocrat that has increased its dividend for 37 consecutive years. That dividend comes with an attractive 4.35% yield.
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.
Read More - Current Price
- $159.33
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 13 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $174.93 (9.8% Upside)
