Early Retirement Portfolio: Top 15 Stock Picks

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2. Chevron Corporation (NYSE:CVX)

Dividend Yield: 4.66%

Number of Hedge Fund Holders: 81

Chevron Corporation (NYSE:CVX) ranks among the top stocks for an early retirement portfolio. On June 18, Barclays maintained its Equalweight rating on Chevron Corporation (NYSE:CVX) with a $152 price target.

Given Chevron’s organic growth since 2023, the research firm stated that the Hess acquisition is now “modestly accretive to CVX’s cash flow multiples and leverage albeit still dilutive on FCF yield.” According to the firm’s analysis, the Hess deal, which has drawn attention from investors, now offers Chevron Corporation (NYSE:CVX) a marginally better financial picture than previous projections.

Chevron Corporation (NYSE:CVX) has also acquired over 125,000 net acres of lithium-rich property in Southwest Arkansas and Northeast Texas, marking a strategic entry into the lithium market. The company took the first step toward building a domestic lithium company on a commercial scale with the acquisition of TerraVolta Resources and East Texas Natural Resources LLC.

Chevron Corporation (NYSE:CVX), based in San Ramon, California, is a major American global energy company that specializes in the oil and gas industry. Founded as the Standard Oil Company of California, it is the second-largest direct descendant of Standard Oil.

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