Chevron Corp
CVX: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$813.00 | Mhnkvv | Yydmpjncs |
Chevron Looks Attractive Even With Hess Closure Uncertain
Business Strategy and Outlook
We expect Chevron to deliver higher returns and margin expansion thanks to an oil-leveraged portfolio as well as the next phase of growth, which is focused on developing its large, advantaged Permian Basin position.