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 Q3 regulatory filings by fund managers ($100M+ AUM)
8% more first-time investments, than exits
New positions opened: 177 | Existing positions closed: 164
1% less funds holding
Funds holding: 3,441 [Q2] → 3,411 (-30) [Q3]
2% less repeat investments, than reductions
Existing positions increased: 1,424 | Existing positions reduced: 1,457
5% less call options, than puts
Call options by funds: $3.13B | Put options by funds: $3.28B
3.59% less ownership
Funds ownership: 77.91% [Q2] → 74.32% (-3.59%) [Q3]
11% less capital invested
Capital invested by funds: $225B [Q2] → $199B (-$25.6B) [Q3]
23% less funds holding in top 10
Funds holding in top 10: 127 [Q2] → 98 (-29) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Raymond James Justin Jenkins 29% 1-year accuracy 4 / 14 met price target | 11%upside $180 | Outperform Maintained | 17 Jan 2025 |
Truist Securities Neal Dingmann 63% 1-year accuracy 100 / 159 met price target | 2%upside $164 | Hold Maintained | 13 Jan 2025 |
Piper Sandler Ryan Todd 31% 1-year accuracy 11 / 36 met price target | 7%upside $173 | Overweight Maintained | 19 Dec 2024 |
Wells Fargo Roger Read 40% 1-year accuracy 42 / 104 met price target | 16%upside $188 | Overweight Maintained | 9 Dec 2024 |
UBS Josh Silverstein 60% 1-year accuracy 28 / 47 met price target | 21%upside $195 | Buy Maintained | 3 Dec 2024 |
Financial journalist opinion
Based on 91 articles about CVX published over the past 30 days
