CHUNYIP WONG
After the stellar performance in the 2021-22 period, 2024 would most likely go down in history as a disappointing period for investors in Chevron Corporation (NYSE:CVX) and the energy sector more broadly.
With the S&P 500 on track
Chevron: Cash, Baby, Cash Is Good News For Shareholders
Summary
- Chevron's share price has been underperforming the market over the past year, but this is not bothering me.
- The stock is attractively priced and production is growing at healthy levels, which reduces the dividend risk.
- Drill, baby, drill plan has been a major risk for Oil & Gas companies, but the recent announcement by Chevron's management has dispelled these fears.
Vladimir Dimitrov, CFA is a former strategy consultant within the field of brand and intangible assets valuation. During his career in the City of London he has been working with some of the largest global brands within the technology, telecom and banking sectors. He graduated from the London School of Economics and is interested in finding reasonably priced businesses with sustainable long-term competitive advantages.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of CVX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Please do your own due diligence and consult with your financial advisor, if you have one, before making any investment decisions. The author is not acting in an investment adviser capacity. The author's opinions expressed herein address only select aspects of potential investment in securities of the companies mentioned and cannot be a substitute for comprehensive investment analysis. The author recommends that potential and existing investors conduct thorough investment research of their own, including a detailed review of the companies' SEC filings. Any opinions or estimates constitute the author's best judgment as of the date of publication and are subject to change without notice.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.