Chevron: End-Of-Cycle Oil Price Bet


  • Crude oil prices have continued to decline in the last six months.
  • Chevron’s high profitability will not stand in a market of lower crude oil prices.
  • Management is making a big mistake repurchasing stock at top dollar prices.

Chevron Profit Quadruples In First Quarter Of 2022

Justin Sullivan

As it turns out, Russia’s incursion into Ukraine has resulted in a big payday for Big Oil, including upstream firms like Chevron Corporation (NYSE:CVX).

The energy company’s profits were robust in the fourth quarter, but 4Q-22 earnings fell

Reported Earnings To Adjusted Earnings

Reported Earnings To Adjusted Earnings (Chevron Corporation)

Earnings 2022 vs 2021

Earnings 2022 vs 2021 (Chevron Corporation)

Crude Oil Prices

Crude Oil Prices (Yahoo Finance)

Share Repurchase History

Share Repurchase History (Chevron Corporation)

PE Ratio

PE Ratio (YCharts)

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.

Leave a Reply

Your email address will not be published.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