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Mark R. Hake, CFA

Chevron's Free Cash Flow Doesn't Cover Its Dividends and Buybacks - Is CVX a Buy Here?

Chevron Corp (CVX) reported mediocre Q1 results on Friday, May 2. The company had to increase its debt to cover shareholder payments, as its free cash flow wasn't strong enough. CVX stock has been waffling, staying near its lows. 

So, should investors buy CVX stock here? One play is to sell short puts for income and to set a potential lower buy-in target price.

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