Is Chevron Stock a Buy Now?
If you are looking to add exposure to the energy sector in your portfolio, you are probably considering (NYSE: CVX) as an option. It is a very good option, though that has to be explained a little bit because Chevron is almost always a good choice in the energy patch.
Here's why you might want to buy Chevron stock now and hold it for the long term.
Chevron is what is known as an integrated energy company. This means that it has operations across the energy landscape, from the upstream (drilling) through the midstream (pipelines) and into the downstream (chemicals and refining). Having exposure to the various segments of the energy industry helps to soften the impact from the biggest problem energy companies face, volatile oil and natural gas prices.
Source Fool.com
Chevron Corp. Stock
The stock is one of the favorites of our community with 36 Buy predictions and 2 Sell predictions.
As a result the target price of 162 € shows a positive potential of 26.8% compared to the current price of 127.76 € for Chevron Corp..
