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Chevron (CVX) Stock Price, News & Analysis

$154.28
-0.03 (-0.02%)
(As of 07/8/2024 ET)
Today's Range
$153.31
$155.28
50-Day Range
$152.57
$165.80
52-Week Range
$139.62
$171.70
Volume
4.99 million shs
Average Volume
6.95 million shs
Market Capitalization
$284.33 billion
P/E Ratio
14.19
Dividend Yield
4.23%
Price Target
$186.95

Chevron MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
21.2% Upside
$186.95 Price Target
Short Interest
Bearish
2.86% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.96
Upright™ Environmental Score
News Sentiment
0.80mentions of Chevron in the last 14 days
Based on 27 Articles This Week
Insider Trading
Selling Shares
$2.73 M Sold Last Quarter
Proj. Earnings Growth
16.62%
From $13.18 to $15.37 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.77 out of 5 stars

Oils/Energy Sector

21st out of 230 stocks

Petroleum Refining Industry

3rd out of 17 stocks

CVX stock logo

About Chevron Stock (NYSE:CVX)

Chevron Corporation, through a network of subsidiaries, engages in integrated energy and chemicals operations worldwide. The company is the 7th largest integrated oil company worldwide, the 2nd largest in the US, and has been in operation since 1879. Chevron was part of the original Standard Oil Company and is one of the 34 successor companies that were formed when it was broken up. Today, the company brings in roughly $160 billion in annual revenues and is the last remaining oil and gas component of the Dow Jones Industrial Average.

Originally called Standard Oil Of California the company grew quickly via mergers and acquisitions. It was hailed as one of the Seven Sisters to dominate the US and global production throughout the mid-20th century and became even bigger in 1985 when it merged with Gulf Oil. The merger with Gulf Oil resulted in the rebranding from Standard Oil Of California to Chevron (a brand used by the company outside its California jurisdiction) and then ChevronTexaco Corporation in 2005 when that merger took place. The company rebranded again in 2005 to what we know today as Chevron Corporation.

Chevron Corporation is now based in San Ramone, California, and has operations in 180 countries. The company employs more than 42,500 people who operate 5 refineries and 8,000+ Texaco, Chevron, and Standard Oil service stations in the US alone. The company's Exploration and Drilling operations produced a record 3.1 million barrels per day and its US refineries process more than 1 million barrels per day. At the end of 2021, the company has more than 11.3 billion barrels of proven oil and liquid-equivalent reserves and boasted a 112% reserve replacement rate.

The company operates in two segments, Upstream and Downstream. The Upstream segment explores new reserves, develops known reserves, produces petroleum and gas products as needed, transports, processes, pipes, stores, and markets petroleum worldwide. The Downstream segment refines and markets the full line of petroleum-based products including but not limited to fuels such as gas, diesel, and aviation fuel, as well as lubricants, petrochemicals, and plastics. The company transports products via pipeline, rail, marine vessels, and truck.

Chevron recognizes the need to lower the world’s carbon output and is working toward that end. The company’s strategy is two-pronged and includes reducing its own carbon output while investing in green and lower-carbon technologies. The company’s goal is to invest $10 billion or more into lower carbon energy sources and technologies by 2028.

Chevron is a Dividend Aristocrat. The company has been paying a dividend since 1989 and it has raised it every year since its inception.



CVX Stock Price History

CVX Stock News Headlines

FILE- Gulls follow a commercial fishing boat as crewmen haul in their catch in the Gulf of Maine, i…
What it means for the Supreme Court to throw out Chevron decision, undercutting federal regulators
Executive branch agencies will likely have more difficulty regulating the environment, public health, workplace safety and other issues under a far-reaching decision Friday by the Supreme Court
Visitors pose for photographs outside the U
The Supreme Court weakens federal regulators, overturning decades-old Chevron decision
The Supreme Court has upended a 40-year-old decision that made it easier for the federal government to regulate the environment, public health, workplace safety and consumer protections
[Urgent] Hedge Funds Expect Major Crypto Moves
In the year following Bitcoin’s last Halving event, that happened in May of 2020… Bitcoin shot up over 550%. But that’s not all…
Politics news icon
Supreme Court weakens power of federal regulators by overturning Chevron decision, target of conservatives and business
Supreme Court weakens power of federal regulators by overturning Chevron decision, target of conservatives and business
Occidental Petroleum logo on shipping containers
Occidental Stock: Buffett's 9-Day Buying Spree Lifts Stake to 29% (CVX)
Buffett likes Occidental Petroleum stock over anything else out there, and there's a good reason for investors to watch the energy sector today
Chevron Corporation company logo displayed on mobile phone screen
3 High-Yield Dividend Stocks for Income Now and Growth Later
The latest readings on inflation show some cooling, and stocks seem to like it. However, it's important to be clear about why investors feel bullish.
Chevron Corporation company logo displayed on mobile phone screen
3 High-Yield Dividend Stocks for Income Now and Growth Later (CVX)
Buying high-yield dividend stocks at a low price today gives you current income with the opportunity for growth when interest rates come down later this year
[Urgent] Hedge Funds Expect Major Crypto Moves
In the year following Bitcoin’s last Halving event, that happened in May of 2020… Bitcoin shot up over 550%. But that’s not all…
Chevron (NYSE:CVX) Shares Down 1.4%
7 No-Brainer Stocks to Buy for Your Retirement Portfolio
Chevron (NYSE:CVX) Shares Down 0%
See More Headlines
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Company Calendar

Last Earnings
4/26/2024
Ex-Dividend for 6/10 Dividend
5/16/2024
Dividend Payable
6/10/2024
Today
7/09/2024
Next Earnings (Confirmed)
8/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
Integrated Oil & Gas
CUSIP
16676410
Employees
45,600
Year Founded
1879

Price Target and Rating

Average Stock Price Target
$186.95
High Stock Price Target
$206.00
Low Stock Price Target
$160.00
Potential Upside/Downside
+21.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
18 Analysts

Profitability

Net Income
$21.37 billion
Pretax Margin
14.07%

Debt

Sales & Book Value

Annual Sales
$200.95 billion
Cash Flow
$22.26 per share
Book Value
$85.78 per share

Miscellaneous

Outstanding Shares
1,842,970,000
Free Float
1,839,280,000
Market Cap
$284.33 billion
Optionable
Optionable
Beta
1.10

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Should I Buy Chevron Stock? CVX Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Chevron:

  • Chevron Corporation engages in integrated energy and chemicals operations in the US and internationally, providing diversification in the energy sector.
  • The company operates in two segments, Upstream and Downstream, allowing for revenue streams from different areas of the industry.
  • Recent developments in exploration, development, and production activities have shown promising results, indicating potential growth opportunities.
  • Chevron's stock price has shown resilience and stability in recent periods, offering a potential opportunity for capital appreciation.
  • The company's focus on sustainability and environmental initiatives may attract socially responsible investors looking for ethical investments.

Cons

Investors should be bearish about investing in Chevron for these reasons:

  • CEMATRIX Corporation, a subsidiary of Chevron, focuses on cellular concrete products for construction markets, which may not directly align with traditional energy investments.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, July 7, 2024. Please send any questions or comments about these Chevron pros and cons to contact@marketbeat.com.

CVX Stock Analysis - Frequently Asked Questions

How have CVX shares performed this year?

Chevron's stock was trading at $149.16 at the beginning of 2024. Since then, CVX shares have increased by 3.4% and is now trading at $154.28.
View the best growth stocks for 2024 here
.

How were Chevron's earnings last quarter?

Chevron Co. (NYSE:CVX) announced its quarterly earnings results on Friday, April, 26th. The oil and gas company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.09. The business's revenue for the quarter was down 4.1% on a year-over-year basis.
Read the conference call transcript
.

Is Chevron buying back stock?

Chevron's board approved a stock repurchase program on Wednesday, January 25th 2023, which authorizes the company to buy back $75,000,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 21.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.

What is Mike Wirth's approval rating as Chevron's CEO?

421 employees have rated Chevron Chief Executive Officer Mike Wirth on Glassdoor.com. Mike Wirth has an approval rating of 88% among the company's employees.

Does Chevron have any subsidiaries?

Chevron subsidiaries include Noble Energy, Puma Energy Asia Pacific B.V., Atlas Energy Inc, Unocal Corporation, Texaco Inc., Cabinda Gulf Oil Company Limited, Chevron Argentina S.R.L., and more.

Who are Chevron's major shareholders?

Top institutional shareholders of Chevron include Confluence Investment Management LLC (0.04%), Douglas Lane & Associates LLC (0.02%), DNB Asset Management AS (0.02%) and Massmutual Trust Co. FSB ADV (0.02%). Insiders that own company stock include Alice P Gast, Pierre R Breber, Rhonda J Morris, Wanda M Austin, Joseph C Geagea, Mark A Nelson, Jeff B Gustavson, Jeff B Gustavson, Eimear P Bonner, Alana K Knowles, Michael K Wirth, David A Inchausti, James William Johnson, Colin E Parfitt and R Hewitt Pate.
View institutional ownership trends
.

How do I buy shares of Chevron?

Shares of CVX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Chevron own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Chevron investors own include AT&T (T), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Verizon Communications (VZ), JPMorgan Chase & Co. (JPM), Intel (INTC) and Pfizer (PFE).

This page (NYSE:CVX) was last updated on 7/9/2024 by MarketBeat.com Staff

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