Chevron Stock: Buy, Sell, or Hold?

A couple of years ago, oil prices soared following Russia's invasion of Ukraine, and producers capitalized on the opportunity. With profits at their peak, companies like Chevron (NYSE: CVX) used that windfall to pay down debt and reward shareholders with generous dividends and massive share buybacks.However, the narrative for oil companies has since shifted. Since the start of 2023, Chevron's performance has been lackluster, with the stock falling 13%. Compare this to the S&P 500, which has climbed 57% over that same period.Slowing global demand has put downward pressure on prices. On top of that, the U.S. is cranking out record amounts of oil. With Chevron facing these challenges, is it time for investors to buy, sell, or hold the stock? Let's dive in and find out.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool