SO - Better Stock Buy: The Southern Company vs. Chevron
2023-10-05 05:35:00 ET
If you are a dividend investor looking for an energy stock, you should make sure to pull back and see the broader industry. Electricity is just as important an energy source as oil and natural gas. For example, you might want to compare Chevron (NYSE: CVX) and Southern Company (NYSE: SO) if you are trying to add a reliable dividend stock to your portfolio.
Here's why conservative investors will probably prefer Southern.
Chevron is an integrated energy company, which means that its business spans from drilling (upstream) all the way through to refining and chemicals (downstream). That provides some balance to the top and bottom lines, but oil and natural gas prices are still going to have the biggest impact on its financial results.
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Better Stock Buy: The Southern Company vs. Chevron