Dec 6, 2018

Chevron: Buy Only The Best Oil Stocks

By Sarfaraz A. Khan

Summary: Chevron benefits from having diverse and low-cost oil producing asset base, such as in the Permian Basin where it is one of the biggest operators.
The company has a large downstream business, with more than 1.6mm bpd of refining capacity and ownership in one of the world’s leading petrochemical companies. The downstream business, which the company has been improving, will provide support to Chevron’s earnings and cash flows if oil prices stay weak. Chevron is a low-cost operator that needs $50 oil to breakeven and has one of the strongest balance sheets in the industry with a net debt ratio of under 15%. Read full article at Seeking Alpha.

Disclosure: This article expresses the opinions of the author, Sarfaraz A. Khan, and does not constitute investment advice. This information is for educational purposes so please conduct your own due diligence and consult your financial adviser before making any investment decisions. Khan hasn’t received compensation for the article (other than from Seeking Alpha). Khan has no business relationship with any company whose stock is mentioned in this article.