Top 10 Blue Chip Stocks To Watch Right Now

Top 10 Blue Chip Stocks To Watch Right Now: Chevron Corporation(CVX)

Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. It operates in two segments, Upstream and Downstream. The Upstream segment involves in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as holds interest in a gas-to-liquids project. The Downstream segment engages in the refining of crude oil into petroleum products; marketing of crude oil and refined products primarily under the Chevron, Texaco, and Caltex brand names; transportation of crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacture and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It a lso produces and markets coal and molybdenum; and holds interests in 13 power assets with a total operating capacity of approximately 3,100 megawatts, as well as involves in cash management and debt financing activities, insurance operations, real estate activities, energy services, and alternative fuels and technology business. Chevron Corporation has a joint venture agreement with China National Petroleum Corporation. The company was formerly known as ChevronTexaco Corp. and changed its name to Chevron Corporation in May 2005. Chevron Corporation was founded in 1879 and is based in San Ramon, California.

Advisors' Opinion:

• [By Paul Ausick]

  The sales big spender was Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) which posted 16 high bids, totaling just over $321 million. Chevron Corp. (NYSE: CVX) offered six high bids, tota! ling $106 million, followed by Murphy Oil Corp. (NYSE: MUR) with 16 high bids, totaling nearly $50 million, and Royal Dutch Shell PLC (NYSE: RDS-A) with four high bids, totaling more than $45 million.

• [By Jon C. Ogg]

  Chevron Corp. (NYSE: CVX) is down some 7.4% so far year to date, but it is down 10.2% from its 52-week high of $127.83. It is trading at $114.60, and the consensus target of $129.56 implies upside of just over 13% for the oil giant. While Exxon was barely behind this one, Chevron does at least have that higher 3.5% dividend yield, and that dividend is likely to rise yet again. The company’s capex and drilling outlook failed to excite Wall Street, but that happens sometimes, and vast fields are getting harder to find at economical levels.

• [By Paul Ausick]

  After falling nearly 1.2% yesterday after announcing that production would be falling and capex spending would be lower, Chevron Corp. (NYSE: CVX) trades up 0.96% today at $115.61 in its 52-week range of $109.27 to $127.83 shortly before the closing bell. Trading volume for Chevron's shares was about 12% below the daily average of around 6.5 million shares.

source from Top Stocks Blog:http://www.topstocksblog.com/top-10-blue-chip-stocks-to-watch-right-now-2.html