Chevron Corporation (CVX) has been gathering attention from analysts and investors alike due to its
undervalued status and stable growth. The energy company has seen
favorable returns of 57% over the last three years. Analysts recommend it as one of the best stocks for
passive income and a good beginner stock. Its merger with
Hess is nearing FTC approval, with reports stating that Hess CEO will not be joining the board, and the approval may prompt a rise in its global production. However, a Chevron insider did reduce their stake by nearly 75%. On another note, Chevron has decided to
focus on direct gas sales rather than investing in an LNG plant. Reports are stating a 17% upside, which alongside its
strong dividend payouts and
reductions in methane emissions, make it attractive for investors. Despite all this, the company's stock has sunk with the market gains, likely due to the misses on
Q2 results and the lower refining margins. The company is currently trading 2.2% higher and analysts maintain a bullish outlook due to its strong fundamentals.
Chevron Corporation CVX News Analytics from Mon, 10 Jun 2024 07:00:00 GMT to Sun, 29 Sep 2024 13:14:53 GMT -
Rating 6
- Innovation 2
- Information 8
- Rumor -3
