Best Blue Chip Stocks To Own For 2016

Best Blue Chip Stocks To Own For 2016: Chevron Corporation(CVX)

Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. It operates in two segments, Upstream and Downstream. The Upstream segment involves in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as holds interest in a gas-to-liquids project. The Downstream segment engages in the refining of crude oil into petroleum products; marketing of crude oil and refined products primarily under the Chevron, Texaco, and Caltex brand names; transportation of crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacture and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It a lso produces and markets coal and molybdenum; and holds interests in 13 power assets with a total operating capacity of approximately 3,100 megawatts, as well as involves in cash management and debt financing activities, insurance operations, real estate activities, energy services, and alternative fuels and technology business. Chevron Corporation has a joint venture agreement with China National Petroleum Corporation. The company was formerly known as ChevronTexaco Corp. and changed its name to Chevron Corporation in May 2005. Chevron Corporation was founded in 1879 and is based in San Ramon, California.

Advisors' Opinion:

• [By Claudia Assis]

  Major oil companies also declined, with shares of Exxon Mobil Corp. (XOM) down 1%. Shares of Chevron Corp. (CVX) fell 0.6%, while shares of ConocoPhillips ! (COP) were off 1.1%.

• [By Dan Carroll]

  The market's slump continues for a third straight day, and the Dow Jones Industrial Average (DJINDICES: ^DJI  ) is back in the red again, with Chevron (NYSE: CVX  ) stock leading the index down. The blue-chip index has dipped back below 15,000 after surging to record highs last month, down 31 points as of 2:20 p.m. EDT. Stocks are down across nearly every industry today. Should you be worried, or are Wall Street's jitters just a temporary fluctuation this week?

• [By WALLSTCHEATSHEET]

  Chevron is an oil and gas bellwether that provides essential energy products and services to consumers and companies worldwide. The company reported earnings that were lower in 2013 than 2012. The stock has been trading sideways in recent quarters and is now trading near lows for the year. Over the last four quarters, earnings have been decreasing while revenues have been mixed, which has left investors optimistic about recent earnings announcements. Relative to its peers and sector, Chevron has been a poor year-to-date performer. WAIT AND SEE what Chevron does this coming quarter.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/best-blue-chip-stocks-to-own-for-2016.html