Chevron Corporation has been subject to a series of market fluctuations recently, experiencing both increases in investor interest and stock sales. Also playing a major contribution are its large institutional backing, with 67% ownership of the company. The company's fundamentals are considered strong and are believed to be linked to its recent stock performance. Some of the key activities include Chevron exiting the UK North Sea and divesting its remaining assets, extending its shelf drilling contract until 2026. While Gorgon LNG Plant resumes full operations, Chevron's Rig-to-Reef strategy faces backlash. Additionally, their Q1 2024 and Q4 2023 earnings call transcripts were released. On the downside, Chevron's shares have been traded down on several occasions and its Wheatstone LNG Project is suspended for repairs. It was also announced that Chevron creates a $500M fund to invest in clean energy, however, some shareholders are questioning CEO compensation methods. Analysts have given Chevron an average rating of 'Moderate Buy' and a consensus price target of $186.95.
Chevron Corporation CVX News Analytics from Tue, 24 Oct 2023 07:00:00 GMT to Sun, 16 Jun 2024 13:40:49 GMT -
Rating 1
- Innovation 2
- Information 8
- Rumor -2
