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Down 15.9% in 2023, This Dow Jones Stock Could Stage an Epic Recovery in 2024

TheMotleyFool

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Down 15.9% in 2023, This Dow Jones Stock Could Stage an Epic Recovery in 2024: https://g.foolcdn.com/editorial/images/759310/gettyimages-1652005987-1200x800-5b2df79-1.jpg

The energy sector has had a sideways year, down a few percentage points, compared to excellent gains in the overall market. Chevron (NYSE: CVX), one of the most well-known integrated oil and gas majors, is down 15.9% year to date, making it one of the poorer-performing stocks in the Dow Jones Industrial Average, which is up 12.8% year to date.

Here's why Chevron is a Dow stock worth buying in 2024, especially for people looking for value and passive income.

Image source: Getty Images.

Source Fool.com