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Chevron is A Buy!

Posted, by ockhamsrazor on September 2nd, 2008

Chevron is the fourth largest oil company in the world based on proven reserves, has impeccable financial strength, has been buying back its own shares aggressively of late and pays a generous cash dividend (recently increased by 12%) of $2.60 per share per year—a 3.1% yield based on its current price. While continued weakness in the price of oil will not benefit the shares, they have now reached an entry level that is justifiable for long-term investors based on our analysis.

Authored by, ockhamsrazor
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