Chevron Stock: Buy, Sell, or Hold?
A couple of years ago, oil prices soared following Russia's invasion of Ukraine, and producers capitalized on the opportunity. With profits at their peak, companies like (NYSE: CVX) used that windfall to pay down debt and reward shareholders with generous dividends and massive share buybacks.
However, the narrative for oil companies has since shifted. Since the start of 2023, Chevron's performance has been lackluster, with the stock falling 13%. Compare this to the S 500, which has climbed 57% over that same period.
Slowing global demand has put downward pressure on prices. On top of that, the U.S. is cranking out record amounts of oil. With Chevron facing these challenges, is it time for investors to buy, sell, or hold the stock? Let's dive in and find out.
Source Fool.com
Chevron Corp. Aktie
Die Community bevorzugt klar Chevron Corp. mit vielen Buy- und nur wenigen Sell-Einschätzungen.
Das von der Community festgelegte Kursziel von 162 € für Chevron Corp. bedeutet eine mögliche Steigerung um über 20% im Vergleich zu 127.42 €.
