-
Posted by
Two Blokes Jul 9 -
Filed in
Stock
-
4 views
Oil prices stabilizing in the mid-$60s support a bullish outlook for Chevron, which remains the cheapest S&P 500 sector at 15x forward P/E. Chevron's Q1 results were strong, with solid EPS and robust shareholder returns, though rising net debt and reduced buybacks are notable concerns. Despite recent EPS downgrades, free cash flow yield remains attractive, and long-term earnings growth could make CVX significantly undervalued today.
