The company's fundamentals are relatively healthy. Its valuation is considered fairly valued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite an average stock market performance, the company shows strong fundamentals and technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Chevron Corporation is an American multinational energy firm primarily focused on oil and gas. As the second-largest direct descendant of Standard Oil, originally known as the Standard Oil Company of California, it operates in more than 180 countries. Chevron is vertically integrated within the oil and gas sector, engaging in hydrocarbon exploration, production, refining, marketing and transportation, chemical manufacturing and sales, as well as power generation.
Originally founded in Southern California in the 1870s, the company was based in San Francisco, California, for many years before relocating its corporate headquarters to San Ramon, California, in 2001. As of August 2, 2024, Chevron announced plans to shift its headquarters from California to Houston, Texas.
The company’s history can be traced back to the latter part of the 19th century, when it was formed from small California oil companies that were acquired by Standard Oil and merged into Standard Oil of California. Following the breakup of Standard Oil, Chevron rapidly expanded by continuing to acquire and partner with other firms both within and outside California, ultimately becoming one of the Seven Sisters, which dominated the global oil industry from the mid-1940s to the 1970s.
In 1985, the company, then known as Socal, merged with Gulf Oil, headquartered in Pittsburgh, and rebranded as Chevron. This merged entity later joined forces with Texaco in 2001. Chevron manufactures and markets fuels, lubricants, additives, and petrochemicals, primarily in Western North America, the US Gulf Coast, Southeast Asia, South Korea, and Australia. In 2018, Chevron produced an average of 791,000 barrels of net oil-equivalent per day in the United States.
As one of the largest companies globally, Chevron is the second-largest oil firm based in the United States by revenue, trailing only fellow Standard Oil descendant ExxonMobil. In 2024, Chevron ranked 16th on the Fortune 500. Additionally, it remains the sole oil-and-gas component of the Dow Jones Industrial Average following ExxonMobil's exit from the index in 2020.
The company's current financial score is 8.22, which is higher than the Energy - Fossil Fuels industry's average of 7.26. Its financial status is stable, and its operating efficiency is high. Its latest quarterly revenue reached 46.10B, representing a year-over-year decrease of 1.03%, while its net profit experienced a year-over-year decrease of 36.38%.
The company’s current valuation score is 7.60, which is higher than the Energy - Fossil Fuels industry's average of 5.97. Its current P/E ratio is 20.42, which is -24.23% below the recent high of 15.47 and 49.29% above the recent low of 10.35.
The company’s current earnings forecast score is 7.60, which is higher than the Energy - Fossil Fuels industry's average of 7.53. The average price target for Chevron Corp is 170.00, with a high of 197.00 and a low of 124.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The company’s current price momentum score is 8.84, which is higher than the Energy - Fossil Fuels industry's average of 7.98. Sideways: Currently, the stock price is trading between the resistance level at 162.89 and the support level at 152.71, making it suitable for range-bound swing trading.
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The company’s current institutional recognition score is 5.00, which is lower than the Energy - Fossil Fuels industry's average of 7.02. The latest institutional shareholding proportion is 65.94%, representing a quarter-over-quarter decrease of 15.33%. The largest institutional shareholder is The Vanguard, holding a total of 155.13M shares, representing 7.58% of shares outstanding, with 12.85% decrease in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Energy - Fossil Fuels export-driven industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The company’s current risk assessment score is 6.00, which is higher than the Energy - Fossil Fuels industry's average of 4.41. The company's beta value is 0.87. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets.
The Stock Score data is powered by TradingKey and updated daily. Rating data is sourced from LESG. Please use the data with caution for reference purposes only.
