Why I Just Added to My Chevron Position Despite Trump Criticism
Speculation that Chevron is about to close two major oil-field deals in Venezuela "trumps" White House knocks on the company.
Motley Fool's recent analysis suggests that Chevron (CVX) remains a buy despite recent criticism from President Trump. The energy sector, particularly oil producers, has been a frequent target of political scrutiny, especially during midterm election years when affordability and gas prices are prominent concerns. In early August, Trump accused the largest domestic oil companies, including Chevron and ExxonMobil (XOM), of making excessive profits from high oil prices resulting from the Iran war.
He urged these corporations to lower gas prices at local stations. Despite this political pressure, Motley Fool maintains that Chevron is still a strong investment choice.
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