Summary: With operations in over 180 countries, Chevron is one of the world’s largest integrated energy companies, operating in all stages of oil and natural gas production and distribution. This article will explain to investors how to buy Chevron stock using a reputable online brokerage like eToro.
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About Chevron
With almost a century and a half of continuous production, Chevron’s portfolio includes shale and conventional resources, refining, and petrochemicals, with significant investment in renewable energy and other alternatives to fossil fuels. Notably, it invested in TAE Technologies and Zap Energy, companies dedicated to developing nuclear fusion energy.
The company manufactures and sells fuel, additives, lubricants, and petrochemicals, primarily in the North American market. Chevron is a component of the DJIA, S&P 100, and S&P 500 indices.
Chevron trades on the NYSE stock market under the CVS ticker.
How to buy Chevron stock: step-by-step
You can purchase shares in Chevron using an online brokerage service in a few simple steps:
Step 1: Choose a broker
Investors must access the stock market to buy Chevron stock. The easiest method is to use a third-party investing platform.
To securely buy Chevron stock, we recommend you consider eToro:
- Commission-free stock and ETF trading;
- 2,000+ stocks from 17 exchanges;
- Fractional shares available;
- Charting tools;
- User-friendly platform.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
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0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
For additional investing options in energy companies, consider the following guides:
- 5 Best Natural Gas Stocks to Buy;
- 3 Natural Gas Dividend Stocks for This Year;
- 3 Canadian Natural Gas Stocks to Invest in;
- How to Invest in Natural Gas ETFs;
- Best Hydrogen Fuel Cell Stocks;
- 3 Hydrogen Penny Stocks;
- Top 3 Hydrogen ETFs to Invest in;
- 5 Best Wind Power Stocks to Buy.
Step 2: Open and fund your account
After you make up your mind on a brokerage, you must register and verify your new profile. The investing service should email you the proper instructions.
The next step is depositing funds into your new account to prepare to invest in Chevron. Available funding methods typically include bank transfers, debit or credit cards, and transaction services like PayPal.
Step 3: Decide how much you want to invest
Limiting your budget will keep you safe from spiraling debt and a potential financial disaster. Besides this, you also need to make sure you have done the following:
- Paid off all high-interest debt, such as credit cards and personal loans;
- Created an emergency fund that covers at least three months of daily life expenses.
Step 4: Place your order and buy Chevron stock
Next, you should place an order and purchase shares in Chevron:
- Step 1: Log into your brokerage and find Chevron’s ticker symbol CVS;
- Step 2: Type in the amount or the number of shares you want to purchase;
- Step 3: Select the order type (market order or limit order) and place it;
- Step 4: Confirm the trade order.
Pros and cons of buying Chevron stock
Pros
- Dividend stock: Chevron has a history of competitive dividend yields, providing a steady income stream for investors. As of February 2024, Chevron’s dividend yield is 3.97%;
- Global reach: Chevron operates in the entire world (180+ countries), diversifying its revenue streams and reducing exposure to risks in any single region;
- Energy sector exposure: Chevron’s stock exposes investors to a variety of branches in the energy sector, which can be useful in portfolio diversification efforts;
- Integrated business model: As an integrated energy company, Chevron benefits from synergies between upstream (exploration and production) and downstream (refining and marketing) segments;
- Historical performance: Chevron has traditionally maintained a solid financial status, including strong cash flow and profitability, which can be lucrative for growth investors.
Cons
- Commodity price dependence: Chevron’s stock performance relies on the price of energy commodities like oil and gas, which can be volatile and unpredictable;
- Technological disruption: Breakthroughs in renewable energy and alternative fuels can harm Chevron’s traditional business model in the long run if the company underperforms in its diversification efforts;
- Environmental concerns: The fossil fuel industry, including Chevron, faces mounting scrutiny and regulatory challenges related to environmental impact and climate change;
- Geopolitics: Chevron operates in politically unstable regions, exposing itself to geopolitical risks such as regulatory changes, expropriation, or conflict;
- Capital-intensive: The energy sector requires hefty capital investment for exploration, production, and infrastructure development, influencing profitability and cash flow.
Common mistakes to avoid when buying Chevron stock
Make sure to avoid these common investing mistakes:
- Lack of research: Research the trends in the energy market, especially the status of the ongoing fossil fuels-renewable energy transition, before investing;
- Lack of strategy: Set your goals before you spend any money;
- Staking everything on one asset: Always diversify your portfolio;
- Falling prey to scams: Avoid illegal platforms and suspicious deals;
- Fear of missing out: If the numbers do not add up, do not invest: it is better to miss out than lose money.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Chevron stock
What's Chevron's stock symbol?
Investors can locate Chevron on the NYSE stock exchange under the ticker symbol CVS.
Why should I invest in Chevron?
Chevron is a leading force in the traditional energy and fossil fuel sectors, giving investors exposure across the market. Furthermore, it has maintained a solid financial performance and diversified portfolio. However, remember that historical performance is not a reliable indicator of future growth.
Is Chevron a buy?
The answer depends on whether the fossil fuels industry continues to perform and the general state of the transition to renewable energy and alternative fuels. Make sure to do your own research before investing.
How do I buy Chevron stock?
To buy Chevron stock, register an account with an investing platform, find the company listing, place an order, and purchase the shares.
Where can I buy Chevron stock online?
You can trade Chevron stock online on the market that lists it with a reliable brokerage like eToro.
How many times has Chevron stock split?
Chevron’s stock split four times, with the latest split occurring in 2004.
Does Chevron pay a dividend?
Chevron has a history of competitive dividend yields, providing investors with a steady income stream. As of February 2024, its dividend yield is 3.97%.
How often does Chevron pay a dividend?
Chevron pays dividends on a quarterly basis.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
