Chevron (CVX +0.9%) should enjoy production upside potential in 2013 and a dividend hike in...

|About: Chevron Corporation (CVX)|By:, SA News Editor

Chevron (CVX +0.9%) should enjoy production upside potential in 2013 and a dividend hike in 2012, J.P. Morgan says, with its "best balance sheet and lower multiple supporting our Overweight rating." At its analyst meeting yesterday, CVX said it was on track to meet production targets. Also, CVX's chances of winning back drilling rights in Brazil may be looking up.