Warren Buffett recommends buying Chevron stock in July due to its strong balance sheet.

Warren Buffett’s strategy involves buying well-run companies for the long term, even when they fall out of favor. One such stock with a 4.7% yield is recommended for July. Energy stocks, like Chevron, face volatility due to geopolitical tensions, but Chevron’s global presence and strong balance sheet make it attractive.

With a focus on slow growth and a reliable dividend, Chevron has increased its dividend for 38 consecutive years. Its diversified business model and low debt-to-equity ratio of 0.2 times help it weather industry downturns. Despite recent stock price declines, Chevron is built to survive and reward long-term investors.

Considerations before investing in Chevron include the Motley Fool’s list of 10 best stocks, which excludes Chevron. However, Stock Advisor’s historical returns highlight the potential for significant gains by following their recommendations. With a track record of market-crushing returns, Stock Advisor’s latest top 10 list is worth exploring.

Read more at Yahoo Finance: 1 Warren Buffett Stock to Buy Hand Over Fist in July