Chevron: Strong Balance Sheet & No Ties To Oil In Iraq

Chevron Corporation

is believed by its CEO John Watson to have the best business model amongst its peers, which focuses on crude oil more so than natural gas and upstream vs. downstream, as reflected by highest profit per barrel, Oppenheimer reports. CVX is the only major oil company that does not participate in oil investments in Iraq, believing that the risks do not outweigh the return, according to Oppenheimer, which also reports that CVX believes it will be exonerated from the $27B lawsuit the company is involved in for alleged environmental damage in Ecuador. The company has provided a New York federal court with evidence of fraud on behalf of the Plaintiffs. CVX is currently boasting one of the strongest balance sheets in the industry, specifically noting more cash than debt on hand, and Oppenehimer has thus reiterated its Perform rating. Chevron Corporation closed yesterday at $77.25. You Can't Afford Miss To Out On These Money Making Trading

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