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$98.63 1.21 (1.24%)
7/3/2008 1:01 PM

Chevron Corp (CVX)

CAPS Rating:
****

Provides administrative, financial, management and technology support to U.S. and foreign subsidiaries that engage in integrated petroleum operations, chemicals operations, mining operations, power generation and energy services.

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Avatar MCKInathan (93.45) Submitted: 10/27/06 5:49 PM : Outperform Start Price: $64.46 CVX Score: 61.21

This pick is definitely long term. Oil companies have fluctuated all over the place but if you look at any oil company's price in the last five years, it's pretty hard to ignore the overall trend...up, up, and up.

That's not to say there couldn't be a correction in the market, but when you have a product that will only increase in demand in the near future, you'd have to be a moron to not be profitable.

Plus, if they really can drill into the Gulf, they should be well situated within the next few years.

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