Chevron Corporation

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Companies in the energy sector are at a crossroads since the pressure to move toward renewable energy increases. Climate change is a major concern for governments globally since the severe environmental impact is sending shockwaves throughout various vulnerable countries. It is also making investors focus more on green energy stocks.

Governments will increase the incentives to energy companies looking to enhance their renewable energy production. These companies can have an advantage over firms that still use oil and gas. If you are an investor looking to diversify your portfolio, you need to have stocks from the green energy sector.

It can help you enjoy exceptional returns on your investment in the coming years. It is best to start researching companies like Chevron Corporation to understand their prospects and future growth plans. Chevron Corporation is the oldest company in the gasoline, natural gas, and energy industry. The company was founded in 1879 as Pacific Coast Oil Co. As per the Sherman Antitrust Act, the government divided Pacific Coast Oil Co into various companies, leading to the formation of Chevron Corporation. The company has many brands operating under it, including:

  • Calso (From 1946 to 55)
  • Caltex
  • Chevron
  • Gulf (From1985 to 2010)
  • Havoline
  • Techron
  • Texaco

While the company had primarily focused on oil and gas, it is now turning its attention towards alternative energy. We can expect the company to increase its focus on renewable sources. Here are the company’s financials:

  • Total equity: $139.94 billion, as of 2021
  • Total assets: $239.54 billion, as of 2021
  • Revenue: $162.47 billion, as of 2021
  • Operating income: $21.64 billion, as of 2021
  • Net income: $15.63 billion, as of 2021

Chevron Corporation (CVX) Statistical Overview

Chevron Corporation Stock Forecast 2022

Chevron Corporation’s share price has seen a staggering growth so far in 2022. The company’s share price has continued its upward trajectory and hit an all-time high value this year. It is one of the hottest stocks currently as oil prices continue to soar throughout the globe.

Chevron Corporation’s share price opened at $125 on the first day of trading in 2022. The share price saw slight drops, but it continued to go upwards. It reached an all-time high value of $172 by the fourth week of May 2022. Therefore, many investors are watching this stock closely.

Oil prices have hit the highest level in the last seven years, and one barrel hit $123 by the first week of March. The two main factors for the increase in oil prices are:

  • Increase in global demand as economies continue to recover from pandemic’s impact
  • The Russia-Ukraine war caused the oil supply to go down

These events contributed to the increase in oil prices. Thus, it is prompting investors to buy stocks of companies in the energy and oil sector. Since Chevron Corporation is the largest oil producer in the US, it has become the top pick for many investors.

As per the expert at CNN, the average price prediction for the Chevron Corporation’s share is around $183. It shows an increase of around 6% from its current stock value, which is at $172. The analysts expect the price to go as high as $213 and can go as low as $147 in the next 12 months.

Chevron Corporation Stock 2021

As many countries lifted the restrictions and the global oil consumption restored to the pre-pandemic levels, Chevron Corporation’s share price increased rapidly. The demand for oil worldwide started to increase as people resumed working from offices. Investors saw it as an opportunity to get their hands on the stock of Chevron Corporation.

The company’s stock price closed at $91 at the start of the year. It enjoyed a bull run throughout the year, closing at $117 by the last week of December 2021. While the company did challenges like supply chain disruptions, it managed to post exceptional numbers. It lured investors to put money into the company and enjoy amazing returns years later.

In addition, the rise in oil prices also became a contributing factor in the increase of the company’s share price. The company’s share continued to experience the same growth in 2022.

Chevron Corporation Stock 2020

2020 was a challenging year for many sectors since the world had to deal with the impact of the global pandemic. Some sectors had a more devastating effect than others, such as aviation and oil companies. Chevron Corporation faced a major drop in its stock value when the Covid-19 pandemic hit.

The company’s share price dropped to $59 by the third week of March from $116 at the start of the year. However, it did recover gradually and reached $90 by the end of 2020. Besides the Covid-19 pandemic, the company had to deal with another setback of a reduction in oil prices.

As people stayed indoors, global oil consumption and prices were in free fall. Oil prices had dipped down below zero, and producers had to pay people to buy oil as they ran out of storage capacity. As a result, it had a huge impact on Chevron Corporation’s revenues.

Furthermore, the company’s future revenue forecast also didn’t look promising as there was still a lot of uncertainty. Many investors were not sure what the future would look like for the oil and energy sector in the wake of the pandemic and refrained from investing in it.

Chevron Corporation Stock 2019

2019 was a volatile year for Chevron Corporation as the share price continued to go up and down. The stock opened at $112 on the first day of trading in 2019 and increased to $126 by the 1st of April. However, the company’s share price fell below the $115 mark by the last week of May 2019.

Nevertheless, Chevron Corporation saw an increase of $6 by the last day of trading in 2019, closing at $121. The primary reason for the company’s share price to see a downward trajectory was due to its decline in revenue.

Chevron Corporation’s earnings declined by more than 25% compared to the last years. In addition, the company also experienced a decrease in its refinery output. Nevertheless, the rising oil prices and the company’s plans gave investors confidence that the stock price would increase.

Chevron Corporation Stock 2018

Chevron Corporation’s share price saw some ups and downs throughout 2018. It remained volatile throughout the year and saw a decline in its value by 15% at the end of 2018. Chevron Corporation’s share price closed at $127 on the first day of trading and reached the $138 mark within a few days.

However, Chevron Corporation’s stock value saw a fall from there on with slights ups and downs, closing at around $104 by the end of December 2018. While the company did manage to perform well in the last two quarters of 2018, investors were not too keen to invest in it.

In addition, external factors also became the leading factor in the share price fall in 2018. Political instability and a trade war with China were the reasons investors were cautious about investing in Chevron Corporation.

Chevron Corporation Stock 2017

Investors of Chevron Corporation had a good 2017 overall as the company’s stock price increased till the end. The share price opened trading at $118 on the first day of trading in 2017. Though it did fall to $103 by July 2016, it started to increase and closed at $125 by the last week of 2017.

The primary reason for this increase is due to the company’s exceptional performance in Q2. Chevron Corporation managed to beat the analysts’ expectations for its revenues and profits. It grabbed the attention of investors who believed that the company could increase its earnings in the coming quarters.

Chevron Corporation Stock 2016

Before 2016, the entire oil industry had suffered from the devastating impact of the oil price crash. The oil prices plunged to a significant low, and it caused the share prices of big names to plummet. Chevron Corporation also had to deal with the impact of falling oil prices. The company stock lost a significant value a couple of years before 2016.

However, the tide started to turn in 2016, and Chevron Corporation’s share price increased throughout the year. The company’s stock opened at $83 in the first month of 2016 and reached $117 by the last week of December. The two reasons for this growth are:

  • Recovery of oil prices in 2016
  • Increase in Chevron’s cash margins for oil

The company also started its Gorgon Project that year. As a result, the company’s share price increased in 2016

How to Invest in Chevron Corporation Stocks?

Before you start your journey as an investor, you need to know about the nitty-gritty of the company. It will ensure you buy the shares at the right time and then sell them at a higher rate. Many experienced investors use comparative analysts and forecasts to analyze the dips.

It helps them identify the lowest point of the share prices to buy at that point. As soon as the share prices go up, they can sell it for a profit in a short span. This strategy requires you to have a sound knowledge of the company’s financial, prospects, and revenue growth estimates.

Moreover, it is best to keep an eye on the changing dynamics of the sector you want to invest in as well. The energy sector is going through a massive transition as companies move toward renewable energy.

Even big names like Chevron Corporation now understand the need to invest in renewable energy to slow down the pace of climate change. So, we can expect to see significant changes coming in the energy sector.

Where to Buy Chevron Corporation Stocks?

Before you start investing in energy stocks, you need to have a reliable online broker by your side. They should give you access to a top platform that streamlines the investing process. Choosing the best online platform can be a little challenging when you have so many options available.

To save you from the hassle, we have a tested platform for you, eToro. Many experienced investors use this platform to invest in top energy stocks. This platform is optimal for beginner investors since they can find numerous learning materials. These resources can increase their financial knowledge and assist them in making the right choices.

The eToro platform is an all-in-one solution that allows you to make logical and strategic investments. You can find many built-in features that make the overall process smooth. The best part about the platform is that you won’t have to go through a lengthy registration process. Here is an overview of the sign-up process.

Step 1: Open an Account

Go to the platform and fill out the online application form. You will have to fill in basic information, and it will be quick.

Open an Account
Create Account

Step 2: Upload ID

Next, you have to upload proper documents for ID documentation, like driver’s license/passport, bank statement, and utility bill.

Proof of identity

Step 3: Make a Deposit

After uploading your ID, you need to deposit the amount of money you want to invest in energy stocks. You can use your debit/credit card, PayPal account, or a bank wire transfer.

Make a Deposit

Step 4: Search for Chevron Corporation’s Stock

Once everything is complete, you can use the search option to find Chevron Corporation’s stock and invest in them. You can also find shares of other companies in the energy sector.

Moreover, the platform has a stop-loss feature that enables you to set predetermined profit and loss thresholds. It will ensure you don’t lose out on your investment if the market crashes.

Search for Chevron Corporation’s Stock

Step 5: Buy Chevron Corporation’s Stock

Buy for Chevron Corporation’s Stock

Conclusion

Chevron Corporation is currently witnessing an increase in its share price. The company’s stock is at an all-time high due to the rising oil prices. Moreover, the company’s rapid progress toward renewable energy also holds great opportunities for it.

Therefore, investors must watch out for all the latest developments in the energy sector. You might never know which change can impact the company’s share price.

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