Chevron (CVX) is a top crude oil stock according to hedge funds, offering a 4.38% annual dividend yield and a history of consistent growth in dividends. The company recently acquired Hess for $53 billion, adding valuable assets to its portfolio and maintaining low costs with a $30 per barrel breakeven level.

To ensure resilience in low-priced environments, Chevron (CVX) is focused on cost reduction, targeting $2-3 billion in savings by 2026. The company’s CapEx budget for 2025 is $2 billion lower than the previous year. Chevron manufactures and sells a variety of refined products, including gasoline, diesel, and lubricants.

While Chevron (CVX) is considered a solid investment, certain AI stocks may offer greater potential. For those seeking undervalued AI stocks with growth potential, a free report on the best short-term AI stock is available. Explore opportunities in other sectors like nuclear energy and energy stocks billionaires are investing in.

Read more at Yahoo Finance: A Top Crude Oil Stock to Invest in