Chevron: Profits Down, Still Peak Price


  • Chevron ended 2022 on a softer note amidst lower oil prices, and energy prices at large.
  • The company has used profits to please investors and invests into environmental technologies as well as renewables.
  • The company continues to do just fine, although peak profits appeared to have been seen in 2022 already.

A Chevron gas station at night is shown in Dallas, Texas, USA.


Late October I noted that Chevron (NYSE:CVX) was pumping profits, a logical observation following higher oil prices, but unlike previous peak oil prices, it is the sector at large and Chevron which are showing real capital discipline this time. This is

Disclosure: I/we have a beneficial long position in the shares of CVX 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.

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