Analysts say the dividend company is deeply undervalued
An interesting dividend is not everything. It's also important to look at whether the company has future growth potential. That's why investors often look for undervalued companies, which may not be easy. But analysts are now pointing the finger at one.
Chevron Corporation is an American multinational energy company headquartered in San Ramon, California. It is one of the largest companies in the oil industry. Chevron focuses on oil and gas production, petroleum refining, and chemical manufacturing. It operates production facilities, oil and gas wells, refineries and processing plants around the world. Chevron has upstream and production operations in more than 50 countries.
Oil and gas production is conducted using either traditional deepwater drilling or the more modern hydraulic fracturing method. Chevron has operations in the U.S., Africa, Asia and Latin America. Chevron operates 16 refineries around the world and sells fuels and other petrochemical products.
It also produces a range…
A market cap of nearly $300 billion is decent, but the potential is certainly there. The stock is now around absolute highs, so it may seem expensive. Those with in-depth analysis will know best. Or whoever has it in their portfolio.
Nice analysis of the company, thanks. 👍 I have the stock in my sights, but since I've taken more of a Buffett approach on this one so far, I'm shopping in $OXY, but I'm still thinking about this one, so this will help a lot.
In this case, I agree with the analysts. 👍