Chevron: A Promising Energy Stock with Strong Dividend Yield
Chevron (NYSE: CVX) is one of the largest energy companies in the world. Despite facing some challenges in 2023, including production shortfalls in its oilfields and an expensive acquisition of Hess (NYSE: HES), Chevron’s stock is currently trading at an attractive valuation. With a price-to-earnings ratio of only 10.8 times projected 2024 earnings, the stock is considered undervalued by many investors.
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