Chevron Corporation (CVX) Gets Higher Target at Argus Research as Shareholder Returns Stand Out

Chevron Corporation (NYSE:CVX) is included among 13 Best Long Term Low Risk Stocks to Buy Now.

On February 3, Argus Research raised its terms nonsubjective connected Chevron Corporation (NYSE:CVX) to $203 from $183. The steadfast besides maintained a Buy standing connected the banal pursuing the company’s Q4 net beat. In a probe note, the expert highlighted Chevron’s agelong past of returning currency to shareholders done dividends and stock buybacks, adding that the institution has been capable to transportation retired these "shareholder-centric" actions crossed antithetic lipid terms cycles, not lone erstwhile crude prices are rising.

Separately, Reuters reported that Chevron has signed a memorandum of knowing with the Syrian Petroleum Company and Qatar-based UCC Holding to measure imaginable offshore lipid and state exploration opportunities successful Syria. A Chevron spokesperson said connected February 4 that the statement is an archetypal step. Syria’s Mediterranean coastline sits betwixt large state discoveries successful Israel and Egypt, making the country of strategical interest.

Chevron already operates the Leviathan state field, the largest vigor plus successful Israel. In the past, offshore Syria has attracted involvement from different players. In 2013, Russian steadfast Soyuzneftegaz signed an statement to research the area, though the task was abandoned 2 years aboriginal arsenic the country’s civilian warfare intensified.

Most of Syria’s lipid output presently comes from onshore fields successful the northeast, including the Al-Omar field. UCC Holding, meanwhile, is simply a portion of Power International Holding, according to accusation published connected its website.

Chevron Corporation (NYSE:CVX) operates arsenic a afloat integrated vigor company, producing crude lipid and earthy gas, manufacturing fuels, lubricants, and petrochemicals, and processing technologies aimed astatine improving ratio crossed its operations and the broader vigor industry.

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