2024-07-01 10:49:39 ET
Summary
- OPEC's supply cuts until the end of next year create a favorable backdrop for Chevron Corporation.
- Despite recent stock price weakness, Chevron could see profit growth with OPEC's price support.
- Chevron's low profit multiple and potential for dividend growth make it an attractive investment option.
In June the Organization of Petroleum Exporting Countries, OPEC, agreed to supply cuts until the end of the next year which obviously creates a favorable backdrop for big U.S. oil majors like Chevron Corporation ( CVX ) ....
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Chevron's 4.2% Yield Is A Steal (Upgrade)