BMO says buy Chevron as oil giant will hike dividend and resume buybacks

Oil & Gas

Offshore workers examine hydrocarbon samples aboard the Chevron Corp. Jack/St. Malo deepwater oil platform in the Gulf of Mexico off the coast of Louisiana, U.S., on Friday, May 18, 2018.
Luke Sharrett | Bloomberg | Getty Images

Higher oil prices should mean more cash flowing to Chevron shareholders, making the stock a smart bet, according to BMO Capital Markets.

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