ChevronCVX
Market Cap: 289B
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 Q1 SEC filings by fund managers ($100M+ AUM)
31% more repeat investments, than reductions
Existing positions increased: 1,612 | Existing positions reduced: 1,235
19% more call options, than puts
Call options by funds: $4.8B | Put options by funds: $4.02B
6% more first-time investments, than exits
New positions opened: 218 | Existing positions closed: 205
5% more capital invested
Capital invested by funds: $200B [Q4 2023] → $209B (+$9.1B) [Q1 2024]
0% more funds holding
Funds holding: 3,370 [Q4 2023] → 3,383 (+13) [Q1 2024]
0.26% more ownership
Funds ownership: 71.25% [Q4 2023] → 71.5% (+0.26%) [Q1 2024]
11% less funds holding in top 10
Funds holding in top 10: 151 [Q4 2023] → 134 (-17) [Q1 2024]
Research analyst outlook
19 Wall Street Analysts provided 1 year price forecasts over the past 6 months
19 analyst ratings
Truist Securities Neal Dingmann | 1%downside $156 | Hold Maintained | 22 Jul 2024 |
Bernstein Bob Brackett | 6%upside $167 | Market Perform Downgraded | 17 Jul 2024 |
Scotiabank Paul Cheng | 14%upside $180 | Sector Outperform Maintained | 12 Jul 2024 |
Mizuho Nitin Kumar | 30%upside $205 | Buy Maintained | 13 May 2024 |
Truist Securities Neal Dingmann | 5%upside $166 | Hold Maintained | 10 May 2024 |
Financial journalist opinion
Based on 99 articles about CVX published over the past 30 days