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 Q4 regulatory filings by fund managers ($100M+ AUM)
218% more first-time investments, than exits
New positions opened: 359 | Existing positions closed: 113
18% more call options, than puts
Call options by funds: $3.98B | Put options by funds: $3.36B
2% more funds holding
Funds holding: 3,423 [Q3] → 3,493 (+70) [Q4]
1% more repeat investments, than reductions
Existing positions increased: 1,419 | Existing positions reduced: 1,402
0.3% less ownership
Funds ownership: 74.32% [Q3] → 74.02% (-0.3%) [Q4]
1% less capital invested
Capital invested by funds: $199B [Q3] → $197B (-$2.42B) [Q4]
12% less funds holding in top 10
Funds holding in top 10: 98 [Q3] → 86 (-12) [Q4]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Barclays Betty Jiang 53% 1-year accuracy 16 / 30 met price target | 9%upside $171 | Overweight Maintained | 5 Feb 2025 |
Truist Securities Neal Dingmann 41% 1-year accuracy 63 / 153 met price target | 2%upside $160 | Hold Maintained | 4 Feb 2025 |
UBS Josh Silverstein 49% 1-year accuracy 25 / 51 met price target | 24%upside $194 | Buy Maintained | 3 Feb 2025 |
RBC Capital Biraj Borkhataria 80% 1-year accuracy 4 / 5 met price target | 12%upside $175 | Outperform Reiterated | 3 Feb 2025 |
Wells Fargo Roger Read 39% 1-year accuracy 43 / 109 met price target | 17%upside $184 | Overweight Maintained | 3 Feb 2025 |
Financial journalist opinion
Based on 124 articles about CVX published over the past 30 days
