Professional
Added to YB: 2024-02-21
Pitch date: 2024-02-20
CVX [bullish]
Chevron Corporation
+4.77%
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
$143.17
Price Target
211.00 (+41%)
Dividend
4.51%
EV/EBITDA
6.84
P/E
17.35
EV/Sales
1.49
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Chevron Corporation: Merger with Hess on Track for 1H24 Closing
Argus: BUY CVX, $211 PT. Hess deal to boost shale output 40%, add high-growth assets. Q4 EPS miss but dividend safe, 37-yr growth streak. $15.5-16.5B 2024 capex, 4-7% prod. growth. Low 11.3% debt/cap, new $75B buyback. Risks: energy prices, geopolitics. Attractive valuation vs peers & history.
Read full article (7 min)