Chevron Corporation (CVX)
| Market Cap | 290.89B |
| Revenue (ttm) | 198.87B |
| Net Income (ttm) | 20.30B |
| Shares Out | 1.84B |
| EPS (ttm) | 10.87 |
| PE Ratio | 14.52 |
| Forward PE | 11.97 |
| Dividend | $6.52 (4.13%) |
| Ex-Dividend Date | May 16, 2024 |
| Volume | 4,279,623 |
| Open | 157.73 |
| Previous Close | 157.54 |
| Day's Range | 157.06 - 159.04 |
| 52-Week Range | 139.62 - 171.70 |
| Beta | 1.09 |
| Analysts | Buy |
| Price Target | 184.33 (+16.78%) |
| Earnings Date | Aug 2, 2024 |
About CVX
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 s... [Read more]
Financial Performance
In 2023, Chevron's revenue was $194.80 billion, a decrease of -17.43% compared to the previous year's $235.92 billion. Earnings were $21.37 billion, a decrease of -39.75%.
Financial StatementsAnalyst Forecast
According to 17 analysts, the average rating for CVX stock is "Buy." The 12-month stock price forecast is $184.33, which is an increase of 16.78% from the latest price.
News
How Chevron is using gen AI to strike oil
How Chevron is using gen AI, digital twins and robots to analyze massive datasets, make predictions and protect workers and the planet.
What A Kamala Harris Presidency Could Mean For Oil Stocks: Chevron, Marathon Move Lower
Oil stocks fell early Monday amid concerns that Vice President Kamala Harris could take a tougher stance on the oil and gas industry if she becomes the Democratic presidential nominee and wins the rac...
Chevron Phillips Chemical releases 2023 Sustainability Report
THE WOODLANDS, Texas--(BUSINESS WIRE)--Chevron Phillips Chemical today published its 2023 Sustainability Report, a comprehensive document that showcases the company's efforts and notable achievements ...
Exxon clash with Chevron hinges on change of control of Hess' Guyana asset, sources say
Exxon Mobil's legal bid to stop Chevron's proposed $53 billion acquisition of Hess rests on whether the transaction would involve a change of control of Hess' prize subsidiary in Guyana, according to ...
Is Chevron A Better Integrated Oil Major Pick Over Exxon Mobil?
We believe that Chevron Corporation (NYSE: CVX) is a better pick than its industry peer – Exxon Mobil (NYSE: XOM). CVX stock trades at a slightly higher multiple of 1.5x sales, versus almost 1.3x reve...
QatarEnergy to take part in offshore Chevron-operated Suriname block
QatarEnergy has signed a deal to acquire a 20% interest in a production sharing contract for an offshore block in Suriname, it said on Thursday, boosting its participation in the nascent oil-producing...
This Qualcomm Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings pag...
Losing the Carrot of the Chevron Deference
Columbia Law School Professor Kathryn Judge says that the Supreme Court's reversal of the Chevron doctrine removes a key incentive for agencies to engage in rulemaking through the notice-and-comment p...
Energy After SCOTUS Overturns Chevron Deference
The Supreme Court has overturned Chevron deference, a precedent set in 1984 when the Court ruled in Chevron U.S.A. Inc. vs. Natural Resources Defense Council, Inc that if a statute was ambiguous and C...
US FTC to delay decision on Chevron-Hess deal during Exxon arbitration, Bloomberg reports
The U.S. Federal Trade Commission plans to delay its decision whether to block Chevron's $53 billion takeover of Hess until after an arbitration case with Exxon Mobil is settled, Bloomberg News report...
What's Happening With Chevron's Stock?
Almost flat year-to-date, at the current price of around $154 per share, we believe Chevron Corporation (NYSE: CVX), a company manufacturing and selling a range of refined petroleum products, includin...
With Chevron reversal, Supreme Court paves way for a 'legal earthquake'
The Supreme Court remanded nine cases to lower courts last week in light of its reversal of the landmark precedent knowns as the Chevron deference. This batch of cases may be the first indication of t...
BP Joins Exxon in Warning About Weaker Margins. What It Means for Chevron.
The oil giant's warning adds to the gloom hanging over energy stocks.
The Supreme Court's Elimination Of The Chevron Doctrine Will Undermine Corporate Accountability
Last week, in a case called Loper Bright Enterprises v. Raimondo, the U.S. Supreme Court overturned the so-called Chevron doctrine, reversing a 40-year-old precedent that afforded federal agencies a d...
Uncertainty in the Chevron Doctrine Void
The Supreme Court's decision to overturn the Chevron doctrine has followed decisions eroding the administrative state. Kenneth Jacobs, Lazard Executive Chairman tells us why the decision could cause u...
Hurricane Beryl Causes Oil Giants to Evacuate Gulf of Mexico Platforms
Beryl made landfall on Mexico's Yucatán Peninsula on Friday. Shell, Chevron, and Exxon Mobil have evacuated personnel from projects in the Gulf.
What the Supreme Court overturning the Chevron deference means for businesses
The Supreme Court of the United States has made a landmark decision to overturn the Chevron deference, a longstanding principle that required courts to defer to government agencies' interpretations of...
3 reasons why Chevron should be in your portfolio
Dividends, a strong balance sheet, and high oil prices make Chevron an attractive buy for investors looking for safety in the current market conditions.
Exxon and Chevron Are Among the Safest Dividend Stocks. Check These Out, Too.
U.S. stocks account for two-thirds of a UBS list of reliable dividend payers, but some of the highest-yielding companies are based overseas.
Gadget Software Launches TopicLake Policy Alerts and API to Simplify Compliance in the Wake of Supreme Court Chevron Decision
HACKENSACK, N.J.--(BUSINESS WIRE)--Gadget Software, a leading company in AI technology, proudly announces the launch of TopicLake Policy Alerts and the TopicLake Policy Insights API. TopicLake Policy ...
Former FDA Commissioner Dr. Scott Gottlieb on Supreme Court overturning the 1984 Chevron precedent
Former FDA Commissioner Dr. Scott Gottlieb joins 'Squawk Box' to weigh in on the Supreme Court's decision to overturn the 1984 Chevron precedent and more.
Advisory: Chevron Corporation's 2Q 2024 Earnings Conference Call and Webcast
SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX), one of the world's leading energy companies, will hold its quarterly earnings conference call on Friday, August 2, 2024, at 11:00 a...
EV regulations 'most at risk' from overthrow of Chevron, says Capital Alpha's James Lucier
James Lucier, Capital Alpha Partners managing director, and Danny Cervallos, NBC News and MSNBC legal analyst, join CNBC's 'The Exchange' to discuss the Supreme Court ruling that reduces government re...
Chevron Doctrine overturned: Republicans, big business praise Supreme Court decision
Republican lawmakers and the U.S. Chamber of Commerce praised the Supreme Court's overturning of Chevron v. Natural Resources Defense Council.
In Landmark Victory for Civil Liberties, NCLA Persuades Supreme Court to Overturn Chevron Deference
Relentless Inc., Huntress Inc., and Seafreeze, Fleet LLC v. U.S. Department of Commerce, et al. Relentless Inc., Huntress Inc., and Seafreeze, Fleet LLC v. U.S. Department of Commerce, et al.