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Why It Makes Sense to Hold Chevron (CVX) in Your Portfolio
CVXChevron(CVX) ZACKS·2024-06-07 12:51

Energy giant Chevron Corporation’s (CVX) stock has remained stagnant over the past year. The San Ramon, CA-based integrated company has also underperformed the Oil/Energy space, its subindustry and the S&P 500 composite during the same period.Over the past year, Chevron's stock has only increased by 2%, while the broader sector has risen by 13.2%, and the Zacks Oil and Gas International Integrated industry has gained 8.8%. Above all, the S&P 500 has surged nearly 27%.Given this underperformance, investors a ...