ChevronCVX
About: 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.
Employees: 45,600
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
15% more repeat investments, than reductions
Existing positions increased: 1,546 | Existing positions reduced: 1,350
7% more call options, than puts
Call options by funds: $3.37B | Put options by funds: $3.16B
0.78% more ownership
Funds ownership: 73.53% [Q1] → 74.31% (+0.78%) [Q2]
0% less capital invested
Capital invested by funds: $215B [Q1] → $215B (-$662M) [Q2]
0% less funds holding
Funds holding: 3,430 [Q1] → 3,416 (-14) [Q2]
8% less first-time investments, than exits
New positions opened: 164 | Existing positions closed: 178
9% less funds holding in top 10
Funds holding in top 10: 139 [Q1] → 126 (-13) [Q2]
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
Scotiabank Paul Cheng 26% 1-year accuracy 12 / 47 met price target | 8%upside $163 | Sector Outperform Maintained | 10 Oct 2024 |
UBS Josh Silverstein 67% 1-year accuracy 28 / 42 met price target | 27%upside $192 | Buy Maintained | 8 Oct 2024 |
RBC Capital Biraj Borkhataria 40% 1-year accuracy 2 / 5 met price target | 13%upside $170 | Outperform Reiterated | 8 Oct 2024 |
Barclays Betty Jiang 67% 1-year accuracy 12 / 18 met price target | 12%upside $168 | Overweight Maintained | 3 Oct 2024 |
Truist Securities Neal Dingmann 50% 1-year accuracy 71 / 143 met price target | 0%downside $150 | Hold Maintained | 30 Sept 2024 |
Financial journalist opinion
Based on 117 articles about CVX published over the past 30 days