Chevron – Adding a double A rated oil major at 4.2% yield to my income portfolio

Chevron LogoOn the 16th of December I bought shares in Chevron (CVX) at a price of USD 103.50. At this price, chevron fulfilled all but one of the seven investment criteria that I follow to build up financial independence in a strategic manner. Find a detailed analysis here (PDF file).

Chevron is a multinational energy conglomerate that operates along the entire value chain of the oil and gas industry. Chevron is the fifth-largest energy company in the world with operations in more than 180 countries. It is a dividend champion with a track record of 27 consecutive years of dividend increases, thereby passing my first investment criteria.

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