Shareholders in Chevron Corporation (NYSE:CVX) received some potentially optimistic news on Friday, with Pemex, the world’s fifth-largest producer of crude in Mexico, reporting its lowest monthly oil production in approximately 18 years. On the heels of nine straight years of declining production, Mexican President Enrique Pena Nieto earlier this month introduced a bill that would allow for private companies like Chevron Corporation (NYSE:CVX) to be able to enter the currently government-run oil industry in Mexico. Chevron Corporation (NYSE:CVX) is always looking for ways to expand its asset base and improve the U.S. oil import picture, and this could be just another piece to that puzzle.
Finally, shareholders of The Procter & Gamble Company (NYSE:PG) have to be a bit miffed after finding out that recently departed CEO Bob McDonald made $15.9 million in total compensation last year — a 5% raise over the previous year. Many have praised the return of A.G. Lafley, who has been largely credited with building value in The Procter & Gamble Company (NYSE:PG)’s core brands, while Bob McDonald spent heavily on advertising only to see minimal sales improvement. Hopefully this is the last time we have to be sidetracked by Bob McDonald’s unmemorable run as CEO and can instead focus on The Procter & Gamble Company (NYSE:PG)’s push into international markets.
Back to basics
It was a pretty flat week overall this week, with the Basic Needs Portfolio slightly outpacing the modest gains by the S&P 500. As a reminder, we now have six stocks in this portfolio set to pay out a dividend between Aug. 30 and Sept. 20, so keep that in mind when you compare the slight underperformance in this group of stocks relative to the S&P 500 thus far. This portfolio is set up to help you sleep at night while earning solid dividend income and outperforming in any market. Over the next three years, I expect double-digit outperformance.
Check back next week for the latest update on this portfolio and its 10 components.
The article The Basic Needs Portfolio originally appeared on Fool.com and is written by Sean Williams.
Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.The Motley Fool owns shares of, and recommends, Ford, Intel, MasterCard, Visa, and Waste Management. It also recommends Chevron and Procter & Gamble.
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