Written by Robert Kovacs

Introduction

Chevron (CVX) is one of my favorite oil stocks, and the only one I’m doubling down on now. Three months ago, in May, I suggested that investors “just buy Chevron’s 5.7% yield and forget about it”.

Unsurprisingly, energy stocks have received no love since then, with much uncertainty remaining about how the Covid-19 pandemic is going to play out.

Source: Open Domain

CVX has declined by 8% since my previous article. The stock is currently trading at $85.08 and yields 6.06%. Our MAD Scores give CVX a Dividend Strength score of 89 and a Stock Strength score of 57.

Source: mad-dividends.com

Up until 2 months ago, Chevron had held up somewhat better than its peers. The price was even up about 8% from my last article at one point. But that wouldn’t last.

Chevron’s momentum has now soured, and is in line with that of

Read More

Last year, oil major Chevron (NYSE: CVX) was a loser.

It had announced in April 2019 that it was buying Permian Basin oil and gas producer Anadarko Petroleum in a $33 billion cash and stock deal. Less than a month later, it abandoned its quest to acquire the company, outbid by rival oil and gas company Occidental Petroleum (NYSE: OXY)

But one year later, Chevron is the undisputed winner in this fight with its purchase of Noble Energy (NASDAQ: NBL). Here’s how Chevron turned a loss into a major win. 

A smiling man stands next to an oil barrel from which paper currency erupts.

Image source: Getty Images.

Until the ink’s dry

Chevron had been itching to secure additional acreage in the oil- and gas-rich Permian Basin, and buying Anadarko would have scratched that itch in a big way. Among other assets, Anadarko had 240,000 mostly contiguous acres in the Permian, the addition of which would have catapulted Chevron from the world’s

Read More