CVX - 4 Reasons to Buy Chevron Stock Like There's No Tomorrow
2024-07-20 05:10:00 ET
If you are looking for an energy stock today, one company that should be on your shortlist is Chevron (NYSE: CVX) . It has long been a safe harbor in what is often a turbulent environment for this industry.
Here are four reasons why this integrated energy giant should be in your portfolio today, tomorrow, and well into the future.
The energy sector is generally broken down into three subgroups: the upstream (energy production), the midstream ( pipelines ), and the downstream (chemicals and refining). Each of these segments of the broader industry behaves a little differently. For example, the midstream is driven by fees for the use of infrastructure assets and therefore is a relatively consistent cash-flow generator. The downstream, meanwhile, can benefit from the low oil prices that hurt the upstream because oil is an input cost.
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4 Reasons to Buy Chevron Stock Like There's No Tomorrow