#1 - Chevron (NYSE:CVX)
Donald Trump’s affection for the oil and gas industry, so it’s no surprise that two of his core stock holdings are Chevron Corp. (NYSE: CVX) and ExxonMobil Corp. (NYSE: XOM).
Chevron is the world’s seventh-largest integrated energy company, and it's global footprint includes a major presence in the highly productive Permian Basin. One of the biggest stories surrounding Chevron right now is its proposed merger with Hess Corp. (NYSE: HES). While the deal has been delayed due to arbitration with ExxonMobil over rights to a key Hess asset, many industry insiders still expect the merger to go through. And while Chevron doesn’t lack free cash flow, the merger with Hess will accelerate its growth.
That means investors should not be concerned about the company’s dividend. Chevron is a Dividend Aristocrat with a 38-year history of increasing its dividend. And it’s been increasing that dividend at an annualized three-year growth rate of 7.08%.
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 about Chevron- Current Price
- $168.02
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $174.13 (3.6% Upside)
