Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link

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The

Dow Jones Industrial Average

(

^DJI

) is trading up 178 points (+1%) at 17,373 as of Friday, Oct 31, 2014, 12:36 p.m. ET. During this time, 172.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 323.9 million. The NYSE advances/declines ratio sits at 2,131 issues advancing vs. 884 declining with 150 unchanged.

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The Dow component leading the way higher looks to be

Chevron

(NYSE:

TheStreet Recommends

CVX

), which is sporting a $1.50 gain (+1.3%) bringing the stock to $118.70. This single gain is lifting the Dow Jones Industrial Average by 11.35 points or roughly accounting for 6.4% of the Dow's overall gain. Volume for Chevron currently sits at 4.6 million shares traded vs. an average daily trading volume of 6.4 million shares.

Chevron has a market cap of $222.44 billion and is part of the basic materials sector and energy industry. Shares are down 6.2% year-to-date as of Thursday's close. The stock's dividend yield sits at 3.6%.

Chevron Corporation, through its subsidiaries, is engaged in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream.

TheStreet Ratings rates Chevron as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

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