The

Dow Jones Industrial Average

(

^DJI

) is trading down 11.0 points at 13,062 as of Tuesday, Jul 31, 2012, 11:35 a.m. ET. During this time, 182.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 685.1 million. The NYSE advances/declines ratio sits at 1,465 issues advancing vs. 1,379 declining with 146 unchanged.

  • ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

The Dow component leading the way higher looks to be

Chevron

(NYSE:

CVX

), which is sporting a 47-cent gain (+0.4%) bringing the stock to $110.29. Volume for Chevron currently sits at 3.4 million shares traded vs. an average daily trading volume of seven million shares.

Chevron has a market cap of $215.53 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 3.2% year to date as of Monday's close. The stock's dividend yield sits at 3.3%.

Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. It operates in two segments, Upstream and Downstream. The company has a P/E ratio of eight, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Chevron as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

null