Time To Buy Chevron?

Chevron is a juggernaut in the integrated energy space. The company is one of the world’s largest publicly traded stocks, with a market value in excess of $240 billion. Chevron generated more than $26 billion in profits in fiscal 2012. Chevron’s immense proven reserves place the company in a great position going forward. Chevron added approximately 1.07 billion barrels of net oil-equivalent proved reserves in 2012, which equate to 112% of net oil-equivalent production for the year.

Finding successful companies with high dividend yields in today’s market is a tough job. With interest rates at historic lows and the stock market breaching uncharted territory, it’s getting harder and harder to find modestly valued dividend stocks that still have compelling yields. Chevron has certainly rallied strongly alongside the broader market. However, unlike less successful companies, Chevron’s strong price performance is well-justified. And fortunately for investors who missed the company’s rally, the company still holds a reasonable valuation and provides a 3% dividend yield.

Source: Motley Fool

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