The

Dow Jones Industrial Average

(

^DJI

) is trading down 150.0 points (-1.2%) at 12,430 as of Wednesday, May 30, 2012, 12:35 p.m. ET. During this time, 313.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 728.1 million. The NYSE advances/declines ratio sits at 340 issues advancing vs. 2,616 declining with 75 unchanged.

Holding back the Dow today is

Chevron

(NYSE:

CVX

), which is lagging the broader Dow index with a $2.60 decline (-2.6%) bringing the stock to $97.64. This single loss is lowering the Dow Jones Industrial Average by 19.68 points or roughly accounting for 13.1% of the Dow's overall loss. Volume for Chevron currently sits at 3.9 million shares traded vs. an average daily trading volume of 6.8 million shares.

Chevron has a market cap of $195.02 billion and is part of the

basic materials

sector and

energy

industry. Shares are down 7.1% year to date as of Tuesday's close. The stock's dividend yield sits at 3.6%.

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 7.3, 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 increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

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