Dividend.com: Clorox Cleans Up

Clorox is not recommended at this time, holding a Dividend.com Rating of 3.4 out of 5 stars.

Chevron Looks to Increase Production Despite Price Drop

Chevron(CVX Quote) just reported that its third-quarter EPS came in 60 cents ahead of estimates on revenue jumping 43% to $78.87 billion.

The highlight of the report was the company's exploration and production, or upstream, business that rose about 80% in the quarter to $6.18 billion on the back of higher crude prices.

Management plans to continue investing in attractive projects that increase the production of oil and gas and improve the efficiency of its refinery network.

We had removed shares of CVX from the "Recommended" list on Aug. 1, when shares traded at $84.56. The company has a dividend yield of 3.13%, based on last night's closing stock price of $74.18. We are concerned that many of the major oil producers may have seen peak earnings, so we are waiting for the names to come down to levels where we feel the dividend offers a solid cushion.

Chevron is not recommended at this time, holding a Dividend.com Rating of 3.4 out of 5 stars.

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