Compared to 2020 and 2021, 2022 seemed to be a more challenging year for investors. Popular indexes like the U.S. Dow Jones Industrial Average through Dec. 23, 2022, have posted annual losses. The DJIA has fallen less than 8 percent since the beginning of the year and has performed better than the S&P 500, which fell -18.8 percent, or the Nasdaq 100, which retreated 32 percent. However, despite the declines, there were companies in the index that shined. They are the ones we will look at.
There are 10 companies in the Dow Jones Industrial Average index since the beginning of the year that have positive returns until Dec. 23, 2022. Chevron (+46%), Merck (+45%), and The Travelers Companies (+19%) have gained the most during this time. What are the companies that did so well in this difficult year? Chevron Corporation is a multinational oil and chemical company headquartered in San Ramon, California, USA. Chevron is one of the world's largest producers and distributors of oil and natural gas and a producer of various chemical products. The company has representation and assets in more than 180 countries around the world. Chevron operates in several sectors of the economy, including the extraction, processing and sale of oil and natural gas, the production of chemicals, and the supply of fuel to consumers and industry. Chevron's net income for the quarter that ended September 30, 2022, was $11.231 billion, up 83.78% year-on-year. Chevron's net profit for the twelve months ended September 30, 2022, was $34.167 billion, an increase of 244.95% year-on-year.
Source: Conotoxia MT5, Chevron, Weekly
Merck is a multinational pharmaceutical company headquartered in Kenilworth, New Jersey, USA. Merck researches, develops, manufactures, and distributes drugs and other health products, such as dietary supplements and medical equipment. The company focuses on the development of innovative medical solutions, with the goal of helping people improve their health and quality of life. Merck also conducts research and development activities and collaborates with public health institutions and organizations around the world. The company has representation and assets in more than 70 countries and is one of the world's largest manufacturers of medicines and health products. Merck's net income for the quarter ended September 30, 2022, was $3.248 billion, down 28.88% year over year, while net income for the twelve months ended September 30, 2022, was $15.260 billion, up 112.06% year over year.
Source: Conotoxia MT5, Merck, Weekly
The Travelers Companies, Inc. is an international insurance company headquartered in St. Paul, Minnesota, USA. The company provides life insurance, casualty insurance, business insurance, and automobile insurance. Travelers also offer risk management products and services, as well as safety and security consulting. The company has representation and assets in more than 30 countries and is one of the world's largest insurers. Unlike the previous two companies, however, Travelers' financial result is not as impressive. Travelers' net income for the quarter that ended September 30, 2022, was $0.450 billion, down 31.51% year-on-year. Travelers' net income for the twelve months ended September 30, 2022, was $3.331 billion, down 7.86% year-on-year. The market, however, seems to expect that after a decline in profit in 2022 compared to 2021, it will begin to rise again next year, which may have already helped the company's share price.
Source: Conotoxia MT5, Travelers, Weekly
Daniel Kostecki, Director of the Polish branch of Conotoxia Ltd. (Conotoxia investment service)
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
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