Chevron's 4.2% Yield Is A Steal (Upgrade)

Sundry Photography In June the Organization of Petroleum Exporting Countries, OPEC, agreed to supply cuts until the end of the next year which obviously creates a favorable backdrop for big U.S. oil majors like Chevron Corporation (NYSE:CVX). The company has seen stock price weakness in the last couple of weeks, despite crude oil prices trending higher, and there is a good reason to suspect that OPEC’s support for prices will equate to profit growth for Chevron Corporation, possibly even for an extended ...