Bull of the Day: Chevron (CVX)

Chevron (CVX) has been upgraded to a Zacks Rank #1 (Strong Buy) following a blowout Q2 earnings report with adjusted earnings of $6.06 beating consensus by $0.26, and revenue crushing expectations at $70.1B. The company's adjusted free cash flow tripled to $15.4B as production jumped nearly 20% year-over-year. With a 3.4% dividend yield, plans to invest over $7B in Venezuela to double production by 2031, and analyst estimates surging 21% over 90 days, the stock offers income, value, and momentum heading into Q3 earnings.