CHEVRON ( CVX )
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CHEVRON ( CVX )
Open price : $ 73
Although the global oil giant ’ s earnings dropped a hefty 30 percent in the fourth quarter 2014 , its refining operation were profitable , thus carrying the weight of losses felt in other parts of the business — and this is a good sign for investors . While focused on the gamut of power and energy services , Chevron is currently spending billions of dollars each year to replace depleted wells across the globe . According to company reps , the aggressive goal of boosting oil and gas production by 21 percent is right on-track for completion by 2017 , as initially predicted . If this is indeed true , the supply-and-demand issue being experienced sector-wide – particularly with oil supply – may no longer exist — and investors will more than likely reap the benefits . And even though it is reported that Chevron recently reduced its capital budget and suspended share buybacks , the company has maintained protection of its $ 1.07-per-share quarterly dividend and has made no indication of changing that fixed rate .
32 September 2015