Chevron Is Overvalued By A Substantial Amount (Rating Downgrade)

Summary:

  • Chevron Corporation’s latest earnings indicate that the company is overvalued, making it a poor investment.
  • The Tengizchevroil expansion project is nearing completion and should benefit Chevron, but it is not expected to have a significant impact on the company’s overall performance.
  • Chevron’s growth in the Permian Basin is expected to slow down in the long term, indicating limited potential for future development.

Chevron Posts Near Record Profits, Exceeding Market Expectations

Mario Tama

Chevron Corporation (NYSE:CVX) is one of the largest global energy companies, with a market capitalization of more than $300 billion. The company has been supported by rising oil prices, however, we feel that the company is now overvalued with its


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.


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