As 2011 comes to a close, it's a great time to look back at what happened to the stocks that interest you. By making sure you know the important things that a company accomplished -- as well as the setbacks it experienced -- you can make a better decision about whether it's a smart investment for your portfolio.
Today, let's take a look at Chevron
Stats on Chevron
|Year-to-Date Stock Return||20.2%|
|Market Cap||$212 billion|
|1-Year Revenue Growth||23.6%|
|1-Year Profit Growth||61.1%|
Source: S&P Capital IQ.
Why did Chevron do well this year?
Chevron has benefited from strength in oil prices over the past year. During the third quarter, for instance, Chevron saw earnings more than double despite suffering from a slight drop in its daily production volumes.
But just as exciting as the raw profits that Chevron is generating is the company's reach around the world, with a huge number of projects with high potential. After delays following the Gulf disaster, the company plans to increase production from its Tahiti oilfield off the coast of Louisiana. Along with partners Total
An even bigger opportunity may come from Chevron's natural gas business. The company has two huge liquefied natural gas projects in Western Australia, working with a variety of partners with smaller stakes ranging from ExxonMobil
Given its size, Chevron tends to move in line with energy markets generally. But with its success this year, Chevron has set the stage for an even stronger future.
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Click here to add Chevron to My Watchlist, which can find all of our Foolish analysis on it and all your other stocks.
Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. Motley Fool newsletter services have recommended buying shares of Chevron, Total, and Statoil. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.