Dow 20 Stocks List: Ranked By Hedge Fund Bullishness Index

15. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 81

Chevron Corporation (NYSE:CVX) is among the best Dow stocks to consider. However, the company has been impacted recently because of the Angola platform fire. In a video message to employees on April 29, Chevron CEO Mike Wirth stressed the need to strengthen safety protocols following a rise in near-miss incidents.

His remarks came just weeks before a fatal fire on one of the company’s offshore platforms in Angola claimed the lives of three workers and injured 15 others.

The warning followed Chevron Corporation (NYSE:CVX)’s February announcement of plans to cut up to 20% of its workforce in a cost-saving move, as several major energy companies have turned to layoffs this year amid the lowest oil prices in four years.

In the two-minute message, titled “Do it safely or not at all,” Wirth urged employees to prioritize safety despite internal and external pressures. He acknowledged concerns that speaking up or halting work might be seen as risky in the current climate, but reassured staff that raising safety issues remains essential.

Wirth emphasized that Chevron Corporation (NYSE:CVX) is working to renew its commitment to a safety-first culture. The fatal incident on May 20 occurred on a deepwater platform located about 60 miles off Angola’s coast. According to Chevron’s latest corporate sustainability report, the company recorded 12 serious injuries and one fatality in the previous year.