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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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FoolforSilver (99.16) Submitted: 12/01/06 4:52 PM : Start Price: $70.12 CVX Score: 50.59
Chevron is a great oil company. They make a mint whenever oil is above $30/barrel (which it is right now). Net profits of $5 billion in one quarter, WOW! Pays a dividend, and has a very attractive P/E ratio. This is a great stock to own unless you think gasoline is going back to $0.50 per gallon (I sure don't). High gas and oil prices are here to stay, and Chevron will continue to crank out profits! Buy, Buy, Buy !!!
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