We just covered the The 10 best stocks to buy now according to Warren Buffett. Chevron Corp (NYSE:CVX) is ranked No. 6 (see The 5 best stocks to buy now here).
Chevron Corp (NYSE:CVX) could be one of the best oil stocks to buy for the long term amid the recent conflict in the Middle East. The company’s acquisition of Hess has given it access to the Stabroek Block in Guyana, one of the most profitable offshore oil projects in history. With oil prices nearing $100 per barrel, these low-cost assets could generate huge margins for Chevron Corp (NYSE:CVX).
Chevron Corp’s (NYSE:CVX) assets in the Permian Basin provide it with another growth engine. Unlike traditional deepwater projects, short-cycle shale projects are better suited for volatile markets. Chevron Corp (NYSE:CVX) produces 1 million barrels of oil equivalent per day in this region alone.
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While we recognize CVX’s potential as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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