Chevron: Buy, Sell, or Hold?

Chevron has increased its dividend payout for 37 consecutive years. Is now a good time to buy? Slowing demand worldwide coupled with robust production in the U.S. has put downward pressure on the price of oil. As a result, many oil and gas stocks have failed to keep pace with the stock market's torrid returns in 2024; the SPDR Oil & Gas Exploration and Production ETF has fallen 1% since the start of the year. Chevron (CVX 0.09%), the integrated oil and gas giant, hasn't been immune to the volatility. With t ...