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NYSE:CVX

Chevron (CVX) Stock Price, News & Analysis

Chevron logo
$162.36 +0.73 (+0.45%)
(As of 11/22/2024 ET)

About Chevron Stock (NYSE:CVX)

Key Stats

Today's Range
$161.15
$162.61
50-Day Range
$142.00
$162.36
52-Week Range
$135.37
$167.11
Volume
7.01 million shs
Average Volume
7.63 million shs
Market Capitalization
$291.78 billion
P/E Ratio
17.84
Dividend Yield
4.02%
Price Target
$174.93
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
91st Percentile Overall Score

CVX MarketRank™: 

Chevron scored higher than 91% of companies evaluated by MarketBeat, and ranked 28th out of 264 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 2.76, and is based on 13 buy ratings, 4 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Chevron has been the subject of 9 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 16.68% in the coming year, from $10.55 to $12.31 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Chevron is 17.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.49.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Chevron is 17.84, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.50.

  • Price to Earnings Growth Ratio

    Chevron has a PEG Ratio of 3.56. 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 1.86. 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

    3.27% 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 8.3.
  • Change versus previous month

    Short interest in Chevron has recently increased by 10.00%, indicating that investor sentiment is decreasing significantly.
  • Dividend Leadership

    Chevron is a leading dividend payer. It pays a dividend yield of 4.03%, 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 71.65%. 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 52.97% 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

    3.27% 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 8.3.
  • Change versus previous month

    Short interest in Chevron has recently increased by 10.00%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Chevron has a news sentiment score of 1.38. 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 is a higher news sentiment than the 0.79 average news sentiment score of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 87 news articles for Chevron this week, compared to 34 articles on an average week.
  • Search Interest

    Only 187 people have searched for CVX on MarketBeat in the last 30 days. This is a decrease of -19% compared to the previous 30 days.
  • MarketBeat Follows

    85 people have added Chevron to their MarketBeat watchlist in the last 30 days. This is an increase of 15% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Chevron insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $26,357,398.00 in 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

People walk at a dock with a drilling platform in the background, in the southern coastal city of L…
ExxonMobil could partner up with Eni and Total to jointly develop natural gas deposits off Cyprus
Cyprus’ energy minister says ExxonMobil could partner up with a consortium composed of Eni of Italy and Total of France to jointly develop gas deposits they’ve discovered close to each other off the island nation’s southern coast
Rise in gasoline prices concept with double exposure of digital screen with financial chart graphs and oil pumps on a field - stock image
Traders Are Flocking Back to Oil: What’s Fueling the Optimism (CVX)
Oil prices have started to break out of their channel in recent quarters, making traders flock back into the momentum. Three ways show up to play this
A “Thank You Gift” From Pres. Trump - Genius
The "Fake Media" has completely ignored Trump's genius "victory gift" to all America First patriots like you. A tax-free gift so powerful it could reshape the financial destinies of millions of IRA and 401(k) owners…
Chevron Co. (NYSE:CVX) CEO Sells $26,357,398.00 in Stock
Politics news icon
Cyprus in talks with Gulf energy companies over natural gas licences, president says
Cypriot authorities are in talks with major energy companies from Persian Gulf states over potential natural gas reserves off the Mediterranean country's southern coastline, President Nikos Christodoulides told an energy conference Friday
Dividend Aristocrats Yielding Over 4% to Buy in November
See More Headlines

CVX Stock Analysis - Frequently Asked Questions

Chevron's stock was trading at $149.16 at the beginning of the year. Since then, CVX stock has increased by 8.8% and is now trading at $162.36.
View the best growth stocks for 2024 here
.

Chevron Co. (NYSE:CVX) announced its earnings results on Friday, November, 1st. The oil and gas company reported $2.51 EPS for the quarter, topping analysts' consensus estimates of $2.47 by $0.04. The business's quarterly revenue was down 6.3% compared to the same quarter last year.
Read the conference call transcript
.

Chevron's Board of Directors approved a stock buyback plan on Wednesday, January 25th 2023, which permits the company to repurchase $75,000,000,000 in outstanding shares, according to EventVestor. This means that the company could reacquire up to 21.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its shares are 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 more.

Top institutional investors of Chevron include State Street Corp (8.85%), Geode Capital Management LLC (2.00%), Charles Schwab Investment Management Inc. (1.70%) and Fisher Asset Management LLC (1.07%). Insiders that own company stock include Alice P Gast, Pierre R Breber, Michael K Wirth, Rhonda J Morris, Wanda M Austin, Joseph C Geagea, Mark A Nelson, Jeff B Gustavson, Jeff B Gustavson, Eimear P Bonner, Alana K Knowles, 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

Ex-Dividend for 9/10 Dividend
8/19/2024
Dividend Payable
9/10/2024
Last Earnings
11/01/2024
Ex-Dividend for 12/10 Dividend
11/18/2024
Today
11/23/2024
Dividend Payable
12/10/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/07/2025

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
$174.93
High Stock Price Target
$204.00
Low Stock Price Target
$155.00
Potential Upside/Downside
+7.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.76
Research Coverage
17 Analysts

Profitability

Net Income
$21.37 billion
Pretax Margin
12.61%

Debt

Sales & Book Value

Annual Sales
$194.01 billion
Cash Flow
$22.36 per share
Book Value
$87.38 per share

Miscellaneous

Outstanding Shares
1,797,091,000
Free Float
1,793,497,000
Market Cap
$291.78 billion
Optionable
Optionable
Beta
1.09

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This page (NYSE:CVX) was last updated on 11/24/2024 by MarketBeat.com Staff
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