Chevron’s Investor Day: Perfectly Positioned For The Next 10 Years


  • Chevron held its Investor Day this morning (Tuesday, February 28th) and shared why it believes the company is a compelling investment opportunity.
  • In a nutshell, CVX believes it can continue delivering excellent shareholder returns by leveraging its advantaged portfolio, strong balance sheet, and capital and cost efficiency.
  • For instance – if Brent crude averaged $75/bbl 5 years, Chevron says it could still increase the dividend at “higher rates” and buy back 25% of its total outstanding shares.
  • In a press release prior to the presentation this morning, Chevron said it’s raising its targeted annual share buyback rate to $17.5 billion starting in Q2.
  • At pixel time, Chevron has a forward P/E of only 10.5x, pays a $6.04/share annual dividend, and yields 3.72%, all of which are superior to the broad S&P500 average.
Chevron Posts Near Record Profits, Exceeding Market Expectations

Chevron Posted Back-to-Back Record Profits &Free-Cash-Flow In 2021-2022.

Mario Tama

As my followers know, I have long considered Chevron (NYSE:CVX) to be the best international integrated oil company on the planet. The company certainly proved that in 2021 and 2022 – delivering record profits and free cash flow in back-to-back years. Today, Chevron held

Disclosure: I/we have a beneficial long position in the shares of CVX, COP, PSX, XOM, VOO, DIA, QQQ either through stock ownership, options, or other derivatives. 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.

Additional disclosure: I am an electronics engineer, not a CFA. The information and data presented in this article were obtained from company documents and/or sources believed to be reliable, but have not been independently verified. Therefore, the author cannot guarantee their accuracy. Please do your own research and contact a qualified investment advisor. I am not responsible for the investment decisions you make.

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