Buy Chevron at Low Oil Prices

12 days ago

Mark Roussin, CPA

"Beginning with stock number one, which is going to be Chevron, stock ticker CVX. And when it comes to Chevron, this is a company that has endured lower oil prices and it's really weighed on the stock over the course of the past 12 months. But that has me thinking more about opportunity. As you can see here on this chart, the price of oil has come under fire with the current price of crude under $60 per barrel around the lowest levels of the year. But one conflict that we see and prices spike is going to be a benefit to Chevron moving forward. You don't want to buy shares of Chevron when oil prices are sky-high. You want to buy Chevron when those oil prices are low."

The speaker highlights Chevron's attractive fundamentals amid low oil prices and suggests an opportunity to accumulate shares when oil is trading at its lower levels. The commentary emphasizes the company's strong free cash flow generation and recent investments that are expected to pay off.

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