Chevron Corporation (CVX)
- Previous Close
160.73 - Open
160.66 - Bid 160.48 x 1800
- Ask 161.52 x 900
- Day's Range
157.04 - 160.66 - 52 Week Range
139.62 - 171.70 - Volume
11,664,505 - Avg. Volume
8,094,718 - Market Cap (intraday)
295.336B - Beta (5Y Monthly) 1.13
- PE Ratio (TTM)
14.76 - EPS (TTM)
10.86 - Earnings Date Jul 26, 2024 - Jul 30, 2024
- Forward Dividend & Yield 6.52 (4.07%)
- Ex-Dividend Date May 16, 2024
- 1y Target Est
183.42
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels, commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives; and transports crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California.
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Performance Overview: CVX
Trailing total returns as of 5/3/2024, which may include dividends or other distributions. Benchmark is .
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Statistics: CVX
Valuation Measures
Market Cap
295.34B
Enterprise Value
310.89B
Trailing P/E
14.74
Forward P/E
12.39
PEG Ratio (5yr expected)
4.48
Price/Sales (ttm)
1.54
Price/Book (mrq)
1.84
Enterprise Value/Revenue
1.60
Enterprise Value/EBITDA
6.66
Financial Highlights
Profitability and Income Statement
Profit Margin
10.53%
Return on Assets (ttm)
6.15%
Return on Equity (ttm)
12.64%
Revenue (ttm)
192.79B
Net Income Avi to Common (ttm)
20.3B
Diluted EPS (ttm)
10.86
Balance Sheet and Cash Flow
Total Cash (mrq)
6.28B
Total Debt/Equity (mrq)
13.51%
Levered Free Cash Flow (ttm)
14.77B
Research Analysis: CVX
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Research Reports: CVX
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Energy may be an Under-Weight sector based on our model, but that doesn't mean it shouldn't be in diversified portfolios. Energy now accounts for 3.7% of S&P 500 market cap; over the past five years, the weighting has ranged from 2% to 10%. We think investors should consider allocating 3%-4% of their diversified portfolios to the Energy group. The sector is outperforming thus far in 2024, with a gain of 14.8% compared to a 7.4% increase in the S&P 500. It underperformed in 2023, with a decline of 4.8%. The sector includes the major integrated firms, as well as exploration & production, refining, and oilfield & drilling services companies. Here are the Energy companies that either are on our Focus List or are used in our model portfolios.
Analyst Report: Chevron Corporation
Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.
RatingPrice TargetThe Argus Innovation Model Portfolio
The United States economy is full of innovation. It has to be. Manufacturing industries that dominated the economy decades ago - textiles, televisions, even automobiles to a large degree - have moved overseas, where labor and materials costs are lower. Yet the U.S. economy, even during the pandemic and the current period of high inflation, has expanded to record levels. If U.S. corporations weren't innovating, creating new products (such as vaccines and AI) and services (such as Zoom calls) and moving into new markets, the domestic economy would not be growing, and capital would not be flooding into the country. The current high level of the U.S. dollar relative to currencies around the world attests to the confidence that global investors have in the durable and innovative U.S. economy.
Technical Assessment: Neutral in the Intermediate-Term
The stock market is in a rough patch for the first time since the July to October period of last year. After the major indices hit their secondary highs on April 11 (the Nasdaq hit its all-time high that day), is has pretty much been "down periscope." Out of those trading six days, the S&P 500 (SPX), Nasdaq, and Nasdaq 100 (QQQ) have fallen between 0.9% and 2.1% on three (SPX) or four of those days. Despite the very steep downside slope of the Big 3, NYSE breadth actually bottomed on April 12 and 15, illustrating that the selling has been concentrated in Big Tech and the many stocks that were overly extended on a momentum basis.