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: 45,298
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
256% more first-time investments, than exits
New positions opened: 417 | 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] → 3,657 (+224) [Q4]
1.57% more ownership
Funds ownership: 72.65% [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: 1,465 | Existing positions reduced: 1,452
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
8 analyst ratings
Redburn Atlantic Peter Low 33% 1-year accuracy 1 / 3 met price target | 11%downside $124 | Sell Downgraded | 23 Apr 2025 |
Barclays Betty Jiang 8% 1-year accuracy 3 / 37 met price target | 9%upside $152 | Equal-Weight Downgraded | 23 Apr 2025 |
Wells Fargo Roger Read 25% 1-year accuracy 28 / 114 met price target | 24%upside $173 | Overweight Maintained | 15 Apr 2025 |
Scotiabank Paul Cheng 38% 1-year accuracy 14 / 37 met price target | 3%upside $143 | Sector Perform Downgraded | 11 Apr 2025 |
UBS Josh Silverstein 17% 1-year accuracy 10 / 58 met price target | 33%upside $185 | Buy Maintained | 7 Apr 2025 |
Financial journalist opinion
Based on 104 articles about CVX published over the past 30 days
