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Reasons Why I Like Chevron Corporation (NYSE:CVX)

Hector Vargas

I’ve been keeping an eye on Chevron Corporation (NYSE:CVX) because I’m attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe CVX has a lot to offer. Basically, it is a notable dividend payer that has been able to sustain great financial health over the past. In the following section, I expand a bit more on these key aspects. For those interested in digger a bit deeper into my commentary, read the full report on Chevron here.

6 star dividend payer with adequate balance sheet

CVX’s ability to maintain an adequate level of cash to meet upcoming liabilities is a good sign for its financial health. This indicates that CVX has sufficient cash flows and proper cash management in place, which is a crucial insight into the health of the company. CVX’s has produced operating cash levels of 0.61x total debt over the past year, which implies that CVX’s management has put its borrowings into good use by generating enough cash to cover a sufficient portion of borrowings.

NYSE:CVX Historical Debt September 2nd 18

CVX’s reputation for being one of the best dividend payers in the market is supported by the fact that it has been steadily growing its dividend payments over the past ten years and currently is one of the top yielding companies on the markets, at 3.8%.

NYSE:CVX Historical Dividend Yield September 2nd 18

Next Steps:

For Chevron, I’ve compiled three essential aspects you should further research:

  1. Future Outlook: What are well-informed industry analysts predicting for CVX’s future growth? Take a look at our free research report of analyst consensus for CVX’s outlook.
  2. Historical Performance: What has CVX’s returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of CVX? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.