We study a model of the chemostat with two species competing for two perfectly substitutable resources in the case of linear functional response. Lyapunov methods are used to provide sufficient conditions for the global asymptotic stability of the coexistence equilibrium. Then, using compound matrix techniques, we provide a global analysis in a subset of parameter space. In particular, we show that each solution converges to an equilibrium, even in the case that the coexistence equilibrium is a saddle. Finally, we provide a bifurcation analysis based on the dilution rate. In this context, we are able to provide a geometric interpretation that gives insight into the role of the other parameters in the bifurcation sequence.