Chevron (CVX)

• Market cap: $241B
• 1 day: -2.33%
• 5 days: -1.35%
• 1 month: -18.67%
• 3 months: -12.96%
• 6 months: -8.10%
• Year to date: -7.26%
• 1 year: -15.63%
• 5 years: 47.89%
• 10 years: 22.51%
• Sector: Energy
• Industry: Oil & Gas Integrated

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 3.0 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.7 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 2024 stood at 9.8 billion barrels of oil equivalent, including 5.1 billion barrels of liquids and 28.4 trillion cubic feet of natural gas.

Employees: 45,298

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

257% more first-time investments, than exits

New positions opened: 418 | Existing positions closed: 117

18% more call options, than puts

Call options by funds: $4B | Put options by funds: $3.38B

7% more funds holding

Funds holding: 3,433 [Q3] → 3,660 (+227) [Q4]

1.57% more ownership

Funds ownership: 72.66% [Q3] → 74.23% (+1.57%) [Q4]

1% more capital invested

Capital invested by funds: $194B [Q3] → $197B (+$2.62B) [Q4]

1% more repeat investments, than reductions

Existing positions increased: 1,464 | Existing positions reduced: 1,455

5% less funds holding in top 10

Funds holding in top 10: 99 [Q3] → 94 (-5) [Q4]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $124 9% downside
• Avg. target: $161 18% upside
• High target: $185 36% upside

8 analyst ratings

• positive: 4 50%
• neutral: 3 38%
• negative: 1 13%

Redburn Atlantic Peter Low 0% 1-year accuracy 0 / 3 met price target	9% downside $124	Sell Downgraded	23 Apr 2025
Barclays Betty Jiang 38% 1-year accuracy 14 / 37 met price target	12% upside $152	Equal-Weight Downgraded	23 Apr 2025
Wells Fargo Roger Read 31% 1-year accuracy 34 / 111 met price target	27% upside $173	Overweight Maintained	15 Apr 2025
Scotiabank Paul Cheng 41% 1-year accuracy 15 / 37 met price target	5% upside $143	Sector Perform Downgraded	11 Apr 2025
UBS Josh Silverstein 22% 1-year accuracy 13 / 58 met price target	36% upside $185	Buy Maintained	7 Apr 2025