The energy sector took a big hit due to the COVID-19 pandemic. However, the world is crawling back to normalcy, even with concerns over the Delta variant persisting. Chevron Corporation (CVX) is a quality name to consider among energy stocks, having risen 15.1% year-to-date. (See Chevron stock charts on TipRanks) A breakout on the upside seems imminent for CVX. I am bullish on the stock. Besides the upside potential, Chevron also has an annualized dividend of $5.36. This translates into an attractive yield of 5.43%. Positive Outlook for Oil According to the International Monetary Fund, the global economy is projected to grow at 6% in 2021 and 4.9% in 2022.
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Chevron (NYSE:CVX)
Historical Stock Chart
From Sep 2021 to Oct 2021 Click Here for more Chevron Charts.
Chevron (NYSE:CVX)
Historical Stock Chart
From Oct 2020 to Oct 2021 Click Here for more Chevron Charts.