Oil and gas supermajor Chevron (CVX) is another cash-rich company to buy in 2013. As the No. 2 oil company in the U.S., Chevron produces around 2.6 million barrels of oil equivalent each day -- and sports proven reserves of 11.3 billion barrels. I'd argue that Chevron currently has the most attractive financial standing of any major oil firm right now. While the industry is hugely capital intense, CVX actually sports a net cash position of $3.2 billion on its balance sheet right now.
Twitter and become a fan on Facebook. To see these value-centric names in action, check out the Cash Rich Buys Summer 2013 portfolio on Stockpickr.
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