Retirement Stock Portfolio: 12 Low Risk Investments

7. Chevron Corporation (NYSE:CVX)

Beta (5Y Monthly): 0.69

Dividend Yield as of January 25: 4.10%

Chevron Corporation (NYSE:CVX) is one of the best stocks for a retirement stock portfolio.

Morgan Stanley cut its price target on Chevron to $174 from $180 on January 23. However, the firm reiterated an Overweight rating on the stock. The adjustment followed an update to the firm’s 2026–2027 oil price assumptions, based on futures pricing as of January 7, and was released alongside its fourth-quarter preview for E&P companies, oil majors, and Canadian producers. The analyst said Chevron’s fourth-quarter operational update should be “fairly clean,” though cash flow is expected to come in lighter due to weaker price realizations.

Separately, a January 22 report from Reuters said Chevron is moving closer to a deal to sell its oil refining and distribution assets in Singapore. The company is said to be in final-stage talks with Japanese refiner Eneos and commodities trader Glencore, according to four sources familiar with the matter, with a transaction expected to close in the first quarter.

The assets under discussion include Chevron’s stake in a Singapore refinery, along with a terminal and retail fuel stations in the country. One source added that retail stations in Cambodia and Malaysia could also be part of the deal. Two of the sources said the package is valued at $1 billion or more.

The sale is part of Chevron’s broader effort to exit certain refining and storage assets in Asia as it restructures its global footprint to simplify operations and cut costs. Chevron owns a 50% stake in Singapore Refining Co, with the remaining interest held by PetroChina through its Singapore Petroleum unit. SRC operates a 290,000-barrel-per-day refinery in Singapore.

The deal would also include Chevron’s Penjuru terminal, which has more than 400,000 cubic meters of oil storage capacity. According to the company’s website, the terminal is used to blend and supply transportation fuels, base oils, marine fuels, and finished lubricants.

Chevron Corporation (NYSE:CVX) is an integrated energy company with operations spanning oil and gas production, refining, chemicals, and technology development.