Video Podcast #6: The Oil Sector - We Added Chevron to Our Portfolio

Dennis Nelson, our Chief Investment Officer, shares his reasoning for buying Chevron Corporation (CVX), the 140 year old California based oil conglomerate.

Dennis has commented that the share price, the 5.5% dividend yield, and the the company's financial strength have all contributed to the purchase of the stock in the portfolio. Though first quarter 2020 earnings were up over a year ago, Michael K. Wirth, Chairman and CEO of Chevron, made this comment, "“Our company entered this crisis well positioned with a strong balance sheet, flexible capital program and low break even price. These advantages will be important as we respond to challenging market conditions.”

NMM VLOG 5/11/2020

This video has been designed for general illustrative and educational purposes only, does not purport to show actual result and does not constitute an offer to sell or a solicitation of an offer to buy any security.  No representation, warranty or undertaking, stated or implied, is given as to the accuracy or completeness of the information presented.  Past performance does not guarantee future results.  All investing involves risk of loss including the possible loss of principal. Read full disclaimer.