Mar. 25 at 4:21 PM
Chevron has become the market’s ‘safe’ oil stock
Investors are piling in for good reason.
Chevron is attractive and checks several boxes. It is big, profitable, dividend-paying, and still highly exposed to oil prices. On the flip side, the energy giant is less exposed to Middle East disruptions.
The current war is a topsy-turvy one, with major implications both for the man on the street and the big-time analyst/stockholder on Wall Street. The latest is that the President
Trump has postponed military strikes on Iranian power plants for five days.
He’s also indicated in recent statements that there is a potential endgame in mind for the Iran conflict, which is increasingly seen in a negative light, according to opinion polls. It’s not surprising since in some states gas prices have risen by more than 30% since the war with Iran started.
$CVX