Chevron Stock Buy or Sell? CVX Stocks Forecast

Market Capitalization: 297 554 903 000 $
EBITDA: 64 641 999 000 $
Price to Earnings: 8.54
Quarterly Earnings Growth YOY: 0.259
Quarterly Revenue Growth YOY: 0.225
Trailing PE: 8.54
Forward PE: 10.38
Shares Outstanding: 1906670000






Chevron Stock Buy or Sell? CVX Stocks Analytic Forecasts

March 31, 2023 (21:14)

Chevron Corp. (CVX) Sector: Energy

We present you the most up-to-date and complete review of analytical trend forecasts and views on the CVX stock market. Experts share their opinions on what to expect from the Chevron Corp. stock market. How likely is the stock price to move in a bullish or bearish trend. Which should help you to make the right decision whether to Buy or Sell Chevron stocks.

Chevron Corp. Stock Market Experts’ Analysis and Forecasting – Sell or Buy CVX Shares?

The most recent analytical view which can help you to answer the worrying question: Should I Buy Stocks Now or Wait? came out under the authorship of Bashar Issa and is titled

“Unraveling Chevron’s Edge: How It Outperforms Exxon Mobil And ConocoPhillips”

is published on March 22 (2023) and has 7 likes. The review predicts Bullish market trend.

It summarize the following theses:

  • In the midst of falling oil prices and financial turmoil, investors can find opportunities in oil and gas companies, which offer the potential for stable income and growth.
  • Differentiating between Proved Developed Reserves “PDRs” and Proved Undeveloped Reserves “PURs” is crucial in making informed investment decisions, with PDRs being more economically attractive and less risky.
  • Chevron, Exxon, and ConocoPhillips have different reserve profiles and strategies; Chevron’s natural gas focus aligns with the green economy’s push for cleaner energy sources.
  • Investors are paying a higher premium per PDR barrel for Chevron compared to Exxon and ConocoPhillips, primarily due to Chevron’s superior production efficiency.

The author starts his analytic review with the following:

Investment Thesis In the bleak landscape of falling oil (CL1:COM) prices, last week marked a new nadir as the 15-month low was breached, deepening worries that the ongoing turmoil in the banking sector may spawn more significant challenges for the global economy. The maelstrom of financial uncertainty took an unsettling turn as Credit Suisse (CS) reached an all-time low as the tribulations of Silicon Valley Bank (SIVB) cast ominous doubts on the stability of the banking sector. This culminated in an orchestrated merger with UBS (UBS), signaling a desperate attempt to stem the tide. Since these troubling revelations, crude oil futures have diminished by a disconcerting 15%.

The opinion of the author can be considered quite authoritative.
The number of 3665 followers confirms this.
Bashar Issa is the contributor of experts community
since 2020 and has 245 works published.


One more noteworthy article is written by Michael Fitzsimmons under the title

“Chevron’s Investor Day: Perfectly Positioned For The Next 10 Years”

on February 28 (2023) and has 10 likes. The expert reflects Bullish trend of the market.

Нis theses make you think about whether to add CVX stocks to your investment portfolio or not, and helps to work out your own Chevron stock selling strategies:

  • Chevron held its Investor Day this morning (Tuesday, February 28th) and shared why it believes the company is a compelling investment opportunity.
  • In a nutshell, CVX believes it can continue delivering excellent shareholder returns by leveraging its advantaged portfolio, strong balance sheet, and capital and cost efficiency.
  • For instance – if Brent crude averaged $75/bbl 5 years, Chevron says it could still increase the dividend at “higher rates” and buy back 25% of its total outstanding shares.
  • In a press release prior to the presentation this morning, Chevron said it’s raising its targeted annual share buyback rate to $17.5 billion starting in Q2.
  • At pixel time, Chevron has a forward P/E of only 10.5x, pays a $6.04/share annual dividend, and yields 3.72%, all of which are superior to the broad S&P500 average.

Michael Fitzsimmons starts analysis with such words:

As my followers know, I have long considered Chevron (NYSE:CVX) to be the best international integrated oil company on the planet. The company certainly proved that in 2021 and 2022 – delivering record profits and free cash flow in back-to-back years. Today, Chevron held its 2023 Investor Day Presentation and gave shareholders a clear line-of-sight into what they can expect from the company moving forward. From a high-level perspective, I would characterize the presentation by observing that Chevron’s capital and cost efficiency means the company can deliver downside resilience while maintaining excellent upside leverage. That all starts with an advantaged portfolio, so that’s where I will start.

This author is very popular among the auditory. He has 19827 followers

Michael Fitzsimmons is the contributor of experts community since 2008. Has published at least 1560 articles.


Another analysis presented by Juxtaposed Ideas came out on February 26 (2023). Obviously, coupled with the newer reviews, this forecasting could be useful to find out the best trading strategy for CVX stocks. It sounds like

“Chevron: Not Worth The Risks Here – Likely No Margin Of Safety”

Article has got 6 likes at the moment and forecasting Neutral trend of the market.

Summarizing the information presented in the review concerning the Chevron Corp., the expert says the following:

  • The CVX stock is still trading above our preferred entry points of $130s.
  • Even then, our number still suggests a notable premium of 36.8% against its historical share repurchases at an average price of $95 for the past 19 years.
  • Investors whom add at these levels must proceed with caution in our view, due to the potential underperformance through 2023.
  • With the ongoing Ukraine war, OPEC+ production cut, Russian export reduction through April, and China’s rapid reopening cadence, things may remain volatile for a while longer.

And here, what comes first:

CVX Has Been Delivering Stellar Returns To Loyal Shareholders Chevron (NYSE:CVX) is a dividend aristocrat and the company recently announced a hike in the quarterly dividend by 6.3%, while tremendously tripling its share repurchase program to $75B.

The opinion of the author can be considered quite authoritative.
The number of 5439 followers confirms this.
Juxtaposed Ideas is the contributor of experts community since 2022. Has already 384 analytic reviews published.


The Share Price of Chevron Corp. (CVX) for now

What analysts predict: $192.15
52-week high/low: $186.57 / $129.2

50/200 Day Moving Average: $167.33 / $164.31

The average stock price over the previous 50/200 days. For Chevron stocks, the 50-day moving average is the resistance level for now. For CVX stocks, the 200-day moving average is the resistance level today.

See the Detailed Predictions for CVX stock with charts and tables

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