Reported 27 days ago
Chevron Corp recorded a 15% increase in free cash flow (FCF) in Q2, rising to $4.9 billion, despite a decline in crude oil prices. Following its acquisition of Hess, the company expects stronger FCF moving forward. With potential dividend increases and favorable analyst ratings suggesting a target price near $170, CVX stock seems undervalued and presents a compelling investment opportunity.
Source: YAHOO