NYSE:CVX

Chevron Texaco (CVX)

207.10
+2.89 (1.42%)
as of Oct 1, 2026, 8:00:00 pm Market Open.
224 watching
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COMMENT
Big integrated oil companies have had a tougher time over the last little while. This is one of the better ones. Heading into the driving season could give you a little lift on the refiners. Attractive yield of about 4%. He would prefer some of the Canadian producers.
BUY
Exxon Mobile (XOM-N) or Chevron (CVX-N)? Favourably disposed to either but would probably favour Exxon currently. Exxon recently acquired a natural gas company XTO. Expects differential between oil and natural gas to decrease.
BUY
Good name but it hasn't gone up a whole lot. Nothing wrong with it. Yield of 3.85%. Prefers BP (BP-N), which is better value and a little more international diversification. Also better yield.
COMMENT
Chevron (CVX-N) and Exxon (XOM-N) major integrateds have so many opportunities to grow through acquisition, upstream through downstream and chemicals. Also have stable dividends and great cash flow.
DON'T BUY
17% positive differential Not cheap enough compared to the other oils. He's found oils mispriced, but not this one.
BUY
Would be comfortable buying at this price.
BUY
His model price is $81.78 which is a 38% positive differential.
DON'T BUY
A little bit overvalued. With the acquisition of Unocal it will take a little bit of time to integrate. Production for the next 1 or 2 years will be a little challenged. Prefers others.
HOLD
A classic large cap value holding. He owns because of high shareholder yield. Check out the current buy-back activity and the dividend yield. Right now they have it as a Hold.
WEAK BUY
Will be paying fat dividends for a while. Generates a lot of cash at these oil prices. Be concerned on owning US names for dividends as you have to pay a withholding tax. Imperial Oil (IMO-T) might be better.
BUY
Most of the integrated oils that have been doing well, is not from production, but from downstream, refining and marketing, which has done particularily well.
TOP PICK
Oil prices will be $35 or more from now on. At about 12 X earnings and very good dividends. If earnings just stay where they are, or increase very gradually, it is still a good value.
TOP PICK
Pays a 3% yield. Relatively cheap compared to its large cap peers. Trades at a 12% discount to the other super majors, Exxon Mobile for example. Has a fair bit of upside. Improving its exploratijon activity. Got some high impact properties coming on. Well diversified globally for a defensive position. Also started a share buy-back program.
BUY
Offers good return to long term investors. Trades at a discount. Usually trades at a 5 X cash flow multiple, but currently trades in the 4.8 X range.
BUY
For any oil stocks, the key is where oil prices go. Even at a high $30 oil price, the cash flows from integrateds will be significant enough for them to pay out large dividends and/or buy back stocks.
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