Source: Hydrocarbons Technology
Investment Thesis
I have recently added Chevron Corp. (CVX) to my long-term oil position because I considered the valuation as attractive. I now own the five oil supermajors long term. I also trade short term simultaneously my portfolio to profit plainly of the oil sector volatility that will undoubtedly continue for the remaining of 2020 and potentially part of 2021.
Chevron has outperformed the sector so far for the last six months, with Shell (RDS.A)(RDS.B) lagging due to the company's decision to cut the dividend by nearly two-thirds.
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