Chevron Corporation (NYSE:CVX) Backs Losing Politicians

Posted on 04 November 2010 by Michel Pena
It seems that Chevron Corporation (NYSE:CVX) may not have the golden touch when it comes to backing politicians.

Chevron Corporation (NYSE:CVX) Backs Losing Politicians

All three of its candidates appear to have lost. The oil company’s mayoral candidate, Councilman Nat Bates, is losing to Gayle McLaughlin 37 percent to 40 percent. And Chevron’s city council candidates, Councilwomen Myrna Lopez and Maria Viramontes are tied for fourth place with 11 percent in a contest in which only three candidates will be elected.
Chevron Corporation (NYSE:CVX), a company that has dominated Richmond politics for years, likely will have very little influence at City Hall in the years to come.
Chevron Corp. (NYSE:CVX) company shares stood at 82.7 at the end of trading on 11/3/2010.
If you believe this is a good time to make a play on the Chevron Corp. (NYSE:CVX) stocks, be sure you make the trade at the right price. Finding a gap in the market or technical analysis might often a fruitless exercise, but do consider the price history: