Chevron Stock Hits an All-Time High. Is It Still a Buy?

Chevron Stock Hits an All-Time High. Is It Still a Buy?

Shares of Chevron (NYSE: CVX) have surged this year. Higher oil prices have been a major catalyst for Chevron this year. Chevron increased its dividend for the 35th straight year in early 2022 and said it would buy back as much as $10 billion of its stock this year.