When oil prices recover, as they always have, Chevron reduces its leverage in preparation for the next downturn. Conservative income investors looking for an all-weather energy stock will be hard pressed to find a better option than 4.5%-yielding Chevron.

The Oil Ministry has pointed out that the market is currently very unstable, with many factors at play. One of these factors is the recent Federal Reserve rate cut, which needs careful consideration.

Oil futures booked solid weekly gains, boosted by the Federal Reserve’s large interest-rate cut and a renewed rise in tensions in the Middle East.