Oil prices are having a down year. Brent, the global benchmark price, has fallen 15% to around $63 a barrel. That slump has weighed on the cash flows and stock prices of most oil companies.

There's no telling where oil prices will go from here. However, Chevron ( CVX 0.48% ) doesn't need crude prices to rally to drive its cash flow higher. That's because the oil giant is about to hit a major inflection point that will fuel a meaningful uptick in its free cash flow in 2026 and beyond. That makes it stand out as the best oil stock to buy for those with around $150 to invest right now (about the price of one Chevron share).

The coming free cash flow gusher

Chevron has invested heavily in expanding its operations over the past several years. The oil company and i

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