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NYSE:CVX

Chevron (CVX) Stock Price, News & Analysis

Chevron logo
$148.80
+0.75 (+0.51%)
(As of 10/31/2024 ET)

About Chevron Stock (NYSE:CVX)

Key Stats

Today's Range
$147.89
$149.57
50-Day Range
$137.82
$151.85
52-Week Range
$135.37
$167.11
Volume
8.39 million shs
Average Volume
7.64 million shs
Market Capitalization
$272.14 billion
P/E Ratio
14.73
Dividend Yield
4.38%
Price Target
$173.07
Consensus Rating
Moderate Buy

Company Overview

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.



Chevron Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
97th Percentile Overall Score

CVX MarketRank™: 

Chevron scored higher than 97% of companies evaluated by MarketBeat, and ranked 17th out of 265 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Chevron has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 12 buy ratings, 5 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Chevron has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Chevron's stock forecast and price target.
  • Earnings Growth

    Earnings for Chevron are expected to grow by 16.30% in the coming year, from $10.86 to $12.63 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Chevron is 14.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.66.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Chevron is 14.73, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 18.13.

  • Price to Earnings Growth Ratio

    Chevron has a PEG Ratio of 3.29. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Chevron has a P/B Ratio of 1.73. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Chevron's valuation and earnings.
  • Percentage of Shares Shorted

    2.92% of the float of Chevron has been sold short.
  • Short Interest Ratio / Days to Cover

    Chevron has a short interest ratio ("days to cover") of 7.4.
  • Change versus previous month

    Short interest in Chevron has recently decreased by 0.65%, indicating that investor sentiment is improving.
  • Dividend Leadership

    Chevron is a leading dividend payer. It pays a dividend yield of 4.32%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Chevron has been increasing its dividend for 37 years.

  • Dividend Coverage

    The dividend payout ratio of Chevron is 64.55%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Chevron will have a dividend payout ratio of 51.62% next year. This indicates that Chevron will be able to sustain or increase its dividend.

  • Read more about Chevron's dividend.
  • Percentage of Shares Shorted

    2.92% of the float of Chevron has been sold short.
  • Short Interest Ratio / Days to Cover

    Chevron has a short interest ratio ("days to cover") of 7.4.
  • Change versus previous month

    Short interest in Chevron has recently decreased by 0.65%, indicating that investor sentiment is improving.
  • News Sentiment

    Chevron has a news sentiment score of 0.58. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 30 news articles for Chevron this week, compared to 31 articles on an average week.
  • Search Interest

    225 people have searched for CVX on MarketBeat in the last 30 days. This is an increase of 17% compared to the previous 30 days.
  • MarketBeat Follows

    86 people have added Chevron to their MarketBeat watchlist in the last 30 days. This is an increase of 69% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Chevron insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.20% of the stock of Chevron is held by insiders.

  • Percentage Held by Institutions

    72.42% of the stock of Chevron is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Chevron's insider trading history.
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CVX Stock News Headlines

Financial markets news icon
MarketBeat Week in Review – 10/14 - 10/18 (CVX)
Stocks struggled for direction, but the trend before tech earnings is still bullish. Nevertheless, investors should expect volatility ahead of the election.
August 29, 2024, Paraguay. In this photo illustration, the Occidental Petroleum (OXY) logo is displayed on a smartphone screen — Stock Editorial Photography
Why Buffett Loves Occidental Stock And What It Means for Chevron (CVX)
Berkshire Hathway continues to buy shares of Occidental Petroleum and sell shares of Chevron, but investors should be careful not to draw the wrong conclusion
Banking failure dead ahead
If you missed it, my emergency election broadcast is now available - but will be removed soon
Vivek Shandas, a professor of climate adaptation at Portland State University, takes a temperature …
Oregon's most populous county adds gas utility to $51B climate suit against fossil fuel companies
Oregon's Multnomah County, home to Portland, has added the state's largest natural gas utility to its $51.5 billion climate lawsuit against fossil fuel companies
Blue poker chips on stock market chart background. High quality photo - stock image
3 Blue Chip Opportunities the Market Overlooked—Now’s Your Chance (CVX)
Often overlooked by most, investors can find substantial value and income in these overlooked blue-chip stocks.
Chevron Could Rebound After a Middling Year
See More Headlines

CVX Stock Analysis - Frequently Asked Questions

Chevron's stock was trading at $149.16 on January 1st, 2024. Since then, CVX stock has decreased by 0.2% and is now trading at $148.80.
View the best growth stocks for 2024 here
.

Chevron Co. (NYSE:CVX) released its quarterly earnings results on Friday, August, 2nd. The oil and gas company reported $2.55 EPS for the quarter, missing analysts' consensus estimates of $2.93 by $0.38. Chevron's quarterly revenue was up 4.7% compared to the same quarter last year.
Read the conference call transcript
.

Chevron's Board of Directors authorized a share repurchase program on Wednesday, January 25th 2023, which authorizes the company to buy back $75,000,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 21.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Chevron subsidiaries include these companies: 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 others.

Chevron's top institutional shareholders include International Assets Investment Management LLC (0.27%), Raymond James & Associates (0.22%), Pathway Financial Advisers LLC (0.21%) and Pathway Financial Advisers LLC (0.21%). 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
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Chevron investors own include Comcast (CMCSA), Bristol-Myers Squibb (BMY), Charles Schwab (SCHW), McKesson (MCK), Edwards Lifesciences (EW), Yum! Brands (YUM) and Toronto-Dominion Bank (TD).

Company Calendar

Last Earnings
8/02/2024
Ex-Dividend for 9/10 Dividend
8/19/2024
Dividend Payable
9/10/2024
Today
10/31/2024
Next Earnings (Confirmed)
11/01/2024
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
$173.07
High Stock Price Target
$204.00
Low Stock Price Target
$150.00
Potential Upside/Downside
+16.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
17 Analysts

Profitability

Net Income
$21.37 billion
Pretax Margin
13.52%

Debt

Sales & Book Value

Annual Sales
$197.01 billion
Cash Flow
$21.84 per share
Book Value
$85.78 per share

Miscellaneous

Outstanding Shares
1,828,917,000
Free Float
1,825,259,000
Market Cap
$270.79 billion
Optionable
Optionable
Beta
1.09

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This page (NYSE:CVX) was last updated on 10/31/2024 by MarketBeat.com Staff
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