Nope. CVX is linked with the world and us economy. upward we go, and this year all the doubters have pushed the stock price performance at worse than the S&P. That's just wrong. if the S&P is rising, CVX should be rising faster. we are leveraged to global growth, and with production increases in the pipeline only a few quarters away, close enough for the market to start pricing in rising not slumping production.
???... P/E has been below 10 for years - while the stock has plowed higher and higher...stop worrying and buy it before 2014, when production and earnings start ramping up significantly (assuming, as always, that oil prices stay firm)