1 Magnificent High-Yield Energy Stock Down 20% to Buy and Hold Forever
Chevron's (NYSE: CVX) shares are down just about 20% since hitting a peak in 2022. Brent Crude, a key oil benchmark, is down around 40% since 2022. There's a lot of information in those two facts, and the story gets even more interesting when you add in Chevron's 4.1% dividend yield. Let's see what this might all mean for investors considering exposure to the energy sector.Chevron is what is known as an integrated energy company. That means that its business spans the entire energy industry, from the upstream (energy production) through the midstream (pipelines) and into the downstream (chemicals and refining). On top of that, despite being an American company, it has a globally diversified portfolio.All of this diversification has a purpose: It helps to soften the swings in the inherently volatile energy sector.Continue reading
Chevron's (NYSE: CVX) shares are down just about 20% since hitting a peak in 2022. Brent Crude, a key oil benchmark, is down around 40% since 2022. There's a lot of information in those two facts, and the story gets even more interesting when you add in Chevron's 4.1% dividend yield. Let's see what this might all mean for investors considering exposure to the energy sector.
Chevron is what is known as an integrated energy company. That means that its business spans the entire energy industry, from the upstream (energy production) through the midstream (pipelines) and into the downstream (chemicals and refining). On top of that, despite being an American company, it has a globally diversified portfolio.
All of this diversification has a purpose: It helps to soften the swings in the inherently volatile energy sector.
