Buy Chevron Stocks
Buy Chevron Stocks
Chevron is a Dow Jones Company and is listed in the NYSE / NASDAQ / S&P 500. It is one of the leading corporations in the American stock market. Buying shares of Chevron in the long term is considered a sound investment. With the current economy, however, it is always risky in buying a single company stock like Chevron, and diversification is more important. Below is a description and profile of the Chevron company:
Chevron Corporation operates as an integrated energy company worldwide. The company’s Petroleum operations include the exploration, development, production, and marketing of crude oil and natural gas; refining, marketing, and transportation operations include refining crude oil into finished petroleum products; marketing crude oil and products derived from petroleum; and transporting crude oil, natural gas, and petroleum products by pipeline, marine vessel, motor equipment, and rail car. The company was founded in 1879. Petroleum operations consist of exploring for, developing and producing crude oil and natural gas; refining crude oil into finished petroleum products; marketing crude oil, natural gas and the many products derived from petroleum; and transporting crude oil, natural gas and petroleum products by pipeline, marine vessel, motor equipment and rail car. Besides the large upstream and downstream businesses, the company’s other comparatively smaller business segment is chemicals, which is conducted by the company’s 50 percent-owned affiliate – Chevron Phillips Chemical Company LLC and the wholly owned Chevron Oronite Company. Outside the United States, the majority of the company’s natural gas sales occur in Thailand, the United Kingdom, Australia, and Latin America, and in the company’s affiliate operations in Kazakhstan. The company processes imported and domestic crude oil in its U.S. refining operations. Chevron owns and operates system of crude oil, refined products, chemicals, natural gas liquids and natural gas pipelines in the United States. operations. The Company sells crude oil and natural gas from its producing operations under a range of contractual arrangements. The Company operated nine of these facilities, and 11 were operated by affiliated companies. The company’s fuel refineries in the United States, Europe, Canada, South Africa and Australia produce low-sulfur fuels. In 2007, Singapore Refining Company, the company’s 50%-owned affiliate, began an upgrade project at its 290,000-barrel-per-day refinery in Singapore. Chevron processes imported and domestic crude oil in its United States refining operations. Imported crude oil accounted for about 87% of Chevron’s United States refinery inputs in 2007. The Company also manages other marketing businesses globally. Chevron owns and operates a system of crude oil, refined products, chemicals, natural gas liquids and natural gas pipelines in the United States. Chemicals Chevron Phillips Chemical Company LLC (CPChem) is equally owned with ConocoPhillips Corporation. Other Businesses Chevron’s mining companies in the United States produce and market coal, molybdenum, rare earth minerals and calcined petroleum coke.
As you can see, Chevron is a leading company in its industry. Buying Chevron Stocks should only be done after extensive research and analysis of the company’s earning, stock price, and future earnings potential.
Buy Chevron Stocks In This Economy