CHEVRON CORP. $104 (New York symbol CVX; Conservative Growth Portfolio, Resources sector; Shares outstanding: 1.9 billion; Market cap: $197.6 billion; Price-to-sales ratio: 0.9; Dividend yield: 4.1%; TSINetwork Rating: Above Average; www.chevron .com) has signed a five-year deal to supply liquefied natural gas (LNG) from its 47.3%-owned Gorgon project in Australia to South Korea’s SK Group. Gorgon should start up later this year.
With this deal, Chevron now has contracts covering 75% of Gorgon’s LNG production from 2017 to 2022. That helps cut this project’s risk .
Chevron is a buy.