Chevron’s Current Stock Price Is Already Reflecting Its Permian Developments

Summary:

  • Chevron’s stock price has decreased due to impaired financial results in the past two quarters.
  • The company is focusing on increasing production in the Permian Basin, but this may not significantly boost its financial results.
  • Chevron’s profit margin and return on equity are lower than its peers, but its EV to free cash flow and EV/EBITDA ratios are higher.
  • CVX is a Hold.

Chevron To Acquire PDC Energy In $6.3 Billion Deal

Mario Tama/Getty Images News

Investment thesis

Chevron Corporation’s (NYSE:CVX) stock price decreased from $188 per share at the end of January 2023 to $159 per share on 24 August 2023, as the company’s financial results were impaired in the past two quarters. CVX’s


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


Leave a Reply

Your email address will not be published. Required fields are marked *