Chevron Stock Price

Chevron Stock Price | CVX Shares Chart Central Index Key (CIK): 0000093410 | ISIN: US1667641005 | Symbol: CVX | Type: Stock.
Chevron Corp. Is an integrated energy company that is one of the largest and most technologically advanced multinational corporations in the world. He embodies bold projects in the field of extraction, processing of energy resources and is an "aristocrat" in his industry. Investing in the securities of oil tycoons is considered one of the best ways to generate investment returns. Thus, Chevron shares are included in the blue-chip category. Dividends on its shares have been growing for almost 60 years in a row. Chevron (NYSE:CVX) stock price online, charts, stock price history, technical and fundamental analysis, reports, dividends, comments and more.


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Technical Analysis Chevron Stock


Chevron Stocks Technical Analysis widget is a modern handy tool that shows ratings based on technical indicators data. The design of the widget is made in the form of a speedometer, thanks to which you can quickly see the results of the summary technical analysis. You no longer need to use many indicators for analyzing financial instruments, the widget will do it for you. In addition, all rating data are updated in real time. These technical indicators are used for technical analysis: Relative Strength Index, Stochastic, Commodity Channel Index, Average Directional Index, Awesome Oscillator, Momentum, MACD, Stochastic RSI, Williams Percent Range, Bull Bear Power, Ultimate Oscillator, Exponential Moving Average, Simple Moving Average, Ichimoku Cloud Base Line, Volume Weighted Moving Average, Hull Moving Average.

Fundamental Analysis Chevron Stock


The widget displays fundamental data that will help you better understand the current state of the company than simple stock prices. Chevron stock fundamentals include: Market Capitalization, Enterprise Value, Balance Sheet, Operating Metrics, Price History, Margins, Income Statement, Dividends and many others important data.

About Chevron Corp.

The history of Chevron Corp began in 1879, when Frederick Tyler created the Pacific Coast Oil Company after finding oil near Pico Well, USA. The current name was registered in 1984. The issuer has representative offices in more than 180 countries around the world. The headquarters is located in San Ramon (USA, California).

The company has support from the US government because power generation is in the US “national interest”. Thanks to this, Chevron's positions are strengthened. The corporation employs about 50 thousand employees worldwide. She conducts intelligence in 35 countries. The main fields of the company are located in the USA, Australia and Kazakhstan.

Chevron Corporation produces and transports natural gas and crude oil. Participates in chemical and mining activities, power generation and energy services. Refines, sells and distributes fuel. It is engaged in the production of household chemicals. The company markets refined products under the Chevron, Texaco and Caltex brands. Has 13,000 filling stations around the world.

Chevron actively cooperates with other corporations from the oil industry. Profit from the implementation of joint projects is distributed proportionally among all participants. This strategy makes it possible to increase economic potential while reducing risks.

A Brief History of Chevron Stocks

1895 - The first tanker was launched. It transported crude oil between Ventura and San Francisco;

1926 - a line of automotive oils and lubricants appeared, after which the corporation was later named;

1980 - The company goes public. NYSE has listed its stocks;

1984 - a decision was made to expand the scope of activity against the backdrop of the crisis in the industry. In addition to oil production, the corporation began to engage in oil refining. New petrochemical plants were founded. Thanks to these innovations, Chevron Corporation shares have risen significantly in value;

2009 - a serious drop in oil prices, which affected the size of dividends.

2014 - Chevron's stock price reaches $ 130. In the same year, the issuer took 12th place in the Fortune Global 500 - the ranking of the largest companies in the world.

Chevron Corporation acquired a number of companies, including: Texaco, Unocal Corporation and Atlas Energy Inc. Competent actions of the management in times of crisis can effectively stabilize the position of the corporation.

What is Important for an Investor to Know?

An oil tycoon's profitability is highly dependent on the cycles in his industry. From 1982 to 2014, the value of its shares showed great growth - more than 36 times. This was mainly driven by the increased demand for refined petroleum products around the world. In 2015, Chevron became one of the three largest US companies. Today it is the second largest oil and gas corporation in its country by capitalization ($ 212,700 million as of 06/17/2021). Demonstrates high production volumes - approximately 1,080,000 barrels of oil equivalent per day.

In the first quarter of 2021, Chevron started generating revenue again. According to the report, revenues amounted to $ 32.029 billion, profit - $ 1.398 billion. Prior to this, the corporation suffered losses for the third quarter in a row, which was provoked by a decline in oil prices. The company increased its quarterly dividend by 4% to $ 1.34 per share. The current dividend yield for the year is 5.2%.

In the first quarter of 2021, the average sales price was $ 56 per barrel of crude oil, up from $ 43 in 2020. Goldman Sachs has made a forecast of an increase in prices for "black gold" - up to $ 80 per barrel by the end of 2021. The bank's analysts point to the market underestimating the recovery in demand, which compensates for its decline due to the pandemic. After WHO's announcement of the pandemic, the issuer's securities traded at $ 51.73 (March 2020), since then, Chevron shares have risen in price by 99.17%. As of May 28, 2021, they were trading at $ 103.03.

The company pays dividends 4 times a year. To get them, you need to buy shares two days before the close of the register of shareholders. Most of the issuer's securities are owned by individuals. Equity funds also have Chevron shares. It should be borne in mind that the high profitability of dividends is associated with the risks of payments to shareholders. When oil prices fell in 2020, the company had to build up debt, but it still continued to pay dividends to shareholders.

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Elliott Wave Forecast: CVX (Chevron) is Still Correcting Cycle from March 2020 Low

Chevron Corporation (CVX) is an American multinational energy company. It is the second largest oil company in the United States and has operation in more than 180 countries. Chevron is involved in the entire spectrum of supply chain within the oil and natural gas industries from exploration, production, refining, marketing, transport, and sales.

The stock shows a bullish sequence from all-time low but now is in the process of correcting cycle from March 2020 low. Below is the Elliott Wave outlook for the stock.

Chevron Monthly Elliott Wave Chart

Elliott Wave Forecast: CVX (Chevron) is Still Correcting Cycle from March 2020 Low

Monthly Elliott Wave of CVX above shows a higher high bullish sequence in the stock. Rally to $135.1 ended wave ((I)). Pullback in wave ((II)) ended at $51.60 with internal subdivision as a zigzag structure.

Down from wave ((I)), wave (A) ended at $69.58, rally in wave (B) ended at $133.88, and final leg lower wave (C) ended at $51.60 which completed wave ((II)). The stock has resumed higher in wave ((III)). Up from wave ((II)), wave (I) ended at $182.40.

Pullback in wave (II) is in progress to correct cycle from March 2020 low in 3, 7, or 11 swing before the rally resumes. As far as pivot at $51.6 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.

Chevron Daily Elliott Wave Chart

Elliott Wave Forecast: CVX (Chevron) is Still Correcting Cycle from March 2020 Low

Daily Chart of CVX above suggests that the stock still has scope to extend lower to correct cycle from 3.19.2020 low in larger degree 3 swing towards $87.7 – #116.4 blue box area. From this area, the stock should extend higher to new high or rally in 3 waves at least.

As far as pivot at $51.6 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.

Chevron Stocks Forecast

Chevron Stocks Forecast

Technical Analysis Chevron Stocks



Based on 15 Wall Street analysts offering 12 month price targets for Chevron in the last 3 months.

The average price target is $123.36 with a high forecast of $145.00 and a low forecast of $105.00.

The average price target represents a 17.80% change from the last price of $104.72.

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