The Ultimate High-Yield Oil Stock to Buy With $500 Right Now

27.11.24 14:15 Uhr

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The price of Brent crude, a key global oil benchmark, has fallen by around 20% in the past seven months or so. That's a pretty big move but, historically speaking, such slides aren't all that unusual in the energy sector. That's why long-term income-focused investors would be well advised to buy shares of energy companies that are built to keep distributing large dividends even during periods of big commodity price swings.Right now, the best stock pick from that elite group is probably Chevron (NYSE: CVX). Here's why.Chevron is one of the largest energy companies on the planet -- but that description doesn't really do it justice. Just saying "energy" is too vague because the energy sector is divided into three major segments: upstream (oil and natural gas production); midstream (energy transportation); and downstream (chemicals and refining).Continue readingWeiter zum vollständigen Artikel bei MotleyFool

Quelle: MotleyFool

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