Recently added to my position in Chevron. I purchased another 9 shares at $120.90 giving me a total of 19 shares. The stock has been dropping a little recently from the $125 range on some earnings and productivity concerns and in this market I'm happy to grab up some cheaper shares on those dips. Chevron has increased its
dividend for 26 consecutive years, making it a
dividend champion,
i.e. more than 24 years of consecutive increases. It's strong companies
that have a serious commitment to their dividend that I strive to hold
in my portfolio and I think Chevron exemplifies that.
Chevron is involved in virtually every facet of the energy industry.
From exploration to production and transportation of crude oil and
natural gas as well as refining ,
marketing and distribution of transportation fuels and lubricants.
Chevron generates power, produces geothermal
energy, provides renewable energy, manufactures
and sells petrochemical products and energy efficiency solutions.
CVX Basic Statistics
- Ticker Symbol: CVX
- PE Ratio: 9.78
- Yield: 3.3%
- Dividend Growth 10yr: 9.6%
- Payout Ratio: 31%
- Market cap: $230 B
- Website: http://www.chevron.com
