Added to YB: 2024-02-02
Pitch date: 2024-02-01
CVX [bullish]
Chevron Corporation
+8.51%
current return
Author Info
No bio for this author
Company Info
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally.
Market Cap
$264.8B
Pitch Price
$138.22
Price Target
N/A
Dividend
4.51%
EV/EBITDA
6.84
P/E
17.35
EV/Sales
1.49
Sector
Oil, Gas and Consumable Fuels
Category
growth
Chevron: Process Improvement
CVX selling Duvernay at favorable time vs past sales like $700M to EQT. Strong balance sheet allows optimal timing to recoup write-offs from conservative accounting. Q3 setbacks in Kazakhstan & Guyana hit stock, but integrated model & acquisitions suggest single-digit growth. Buy for growth & income on low risk, production plans & opportunistic M&A.
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