Is it a good idea to invest in the CVX dividend stock?

Asked 4 years ago

What are your opinions on Chevron Corporation? I thought it go up as demand rose, so I bought it, but it’s trading lower. Do you know how many factors or countries control oil prices?

Chevron corporation (cvx)Dividend investing Opinions on specific stocks

Andrew Moran

Wednesday, June 30, 2021

There are so many better oil and gas companies in the U.S. and Canadian stock markets. Chevron is not worth investing your money.
If you compare Chevron to other stocks (Exxon, Suncor, or ConocoPhillips), it makes you wonder what is going on. All these stocks are up during soaring recovery in the energy market.
How can Chevron be down 2% when the other stocks are up 6% to 10% over the last three months? 
It has a good dividend, but for the price you are paying, investors could find better value with Suncor.
If you want to hold Chevron, you are better off finding an energy-focused exchange-traded fund (ETF). 
Now, when it comes to factors for crude oil prices, there are many components in today's market:
Global demand in the post-pandemic recovery.
Increased production from the Organization of the Petroleum Exporting Countries (OPEC) and its allies, OPEC+.
U.S. oil and gas production and exports.
Chinese imports of key energy commodities, like crude and natural gas.
Weather patterns forming in the U.S. Gulf.