Investing

5 Blue Chip Dividend Stocks Incredibly Still Make Up 75% of Warren Buffett's Portfolio

Chevron

This integrated energy giant is a safer way for investors looking to get positioned in the energy sector and has backed up nicely. Chevron Corporation (NYSE: CVX), through its subsidiaries, engages in integrated energy and chemicals operations worldwide. The company operates in two segments, upstream and downstream.

The upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operating a gas-to-liquids plant.

The downstream segment engages in refining crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels; transporting crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It is also involved in cash management and debt-financing activities; insurance operations; real estate activities; and technology businesses.

Chevron posted massive third-quarter results and remains one of the best ways to play energy safely.

The company sports a sizable 3.10% dividend, and has a solid place in the sector when it comes to natural gas, and liquefied natural gas. Raymond James has an outperform rating and a huge $215 target price. The consensus target is posted at $190.33. The shares closed Friday at $182.99.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.