Chevron Corporation with ticker code (CVX) now have 29 analysts in total covering the stock. The consensus rating is ‘Buy’. The range between the high target price and low target price is between 205 and 115 with the average target price sitting at 163.9. Now with the previous closing price of 169.31 this would imply there is a potential downside of -3.2%. There is a 50 day moving average of 145.61 and the 200 day moving average is 117.18. The market capitalisation for the company is $323,975m. Visit the company website at: https://www.chevron.com
The potential market cap would be $313,623m based on the market concensus.
Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant. The Downstream segment engages in refining crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels; transporting crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It is also involved in the cash management and debt financing activities; insurance operations; real estate activities; and technology businesses. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is based in San Ramon, California.
