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Why Bargain-Hunting Investors Need to Look Closer at Chevron Stock

Why Bargain-Hunting Investors Need to Look Closer at Chevron Stock

Shares of Chevron (NYSE: CVX) hit an all-time high of nearly $190 a share earlier this year. One of my favorite valuation methods is to look at a company's free cash flow yield. Free cash flow is the money a company generates that it can use to create value for investors by paying dividends, investing in growth (e.g., capital expenditures or acquisitions), repaying debt, or repurchasing shares.