Chevron Corp is Big Oil. Very Big Integrated Oil. It's a multinational energy corporation and one of the successor companies of Standard Oil. It's headquartered in San Ramon, California, and active in more than 180 countries all around the world. The Company is engaged in every aspect of the oil, natural gas, and geothermal energy industries, including hydrocarbon exploration and production, refining, marketing and transport, chemicals manufacturing and sales, and power generation.
The Company's downstream operations manufacture and sell fuels, lubricants, additives and petrochemicals. It's alternative energy operations include geothermal, solar, wind power, biofuel, fuel cells, and hydrogen. It's most significant operations are in the west coast of North America, the U.S. Gulf Coast, Southeast Asia, South Korea, Australia and South Africa.
The Company's downstream operations manufacture and sell fuels, lubricants, additives and petrochemicals. It's alternative energy operations include geothermal, solar, wind power, biofuel, fuel cells, and hydrogen. It's most significant operations are in the west coast of North America, the U.S. Gulf Coast, Southeast Asia, South Korea, Australia and South Africa.
Chevron Corporation engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant. The Downstream segment engages in refining crude oil into petroleum products; marketing crude oil and refined products; transporting crude oil and refined products through pipeline, marine vessel, motor equipment, and rail car; and manufacturing and marketing commodity petrochemicals, and fuel and lubricant additives, as well as plastics for industrial uses. It is also involved in the cash management and debt financing activities; insurance operations; real estate activities; and technology businesses. Further, the company holds interests in power plants, as well as operates geothermal plants; and engages in the transportation of refined products primarily in the coastal waters of the United States. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California.
(Summary) (Company) (Chart)
(Summary) (Company) (Chart)
| 29 May 2017 Price $ 1yr Target $ Analysts Dividend $ Payout Ratio % 1yr Cap Gain % Yield % 1yr Tot Return % P/E PEG Beta | EPS (ttm) $ EPS next yr $ Forward P/E EPS next 5yr % 1yr Price Support $ Market Cap $ Bil Revenues $ Bil Earnings $ Mil Profit Margin % Quick Ratio Current Ratio Debt/Equity | 1yr RevGR % 3yr RevGR % 5yr RevGR % 1yr EarnGR % 3yr EarnGR % 5yr EarnGR % 1yr DivGR % 3yr DivGR % 5yr DivGR % ROA % ROE % |
 Chevron Monthly Chart |  Chevron Dividend History |
It's easy to see on any price chart that oil has been under significant pressure for at least the last two years. It all seemed to start when technology was developed to fracture the oil deposits in such a manner that new deposits of oil could be brought to the surface cheaply. Out of fear of losing control of the oil markets, the OPEC nations dropped the price of oil and cratered the sector. Fracking companies hooked on expansion and credit were soon destroyed and the price of oil stabilized. Today it's starting to creep back up and is now expected to remain between $40 and $60 per barrel for many years into the future.
Today oil companies are adjusting to the new equilibrium and are cutting costs to survive and excel in this new paradigm. The stocks are also carving out new support and resistance levels in which to operate. For Chevron, it now looks like the company is finding support near $100 per share. I also expect it to find moderate resistance near $120 per share and then again near $130 per share.
This is now setting up a nice win-loss ratio where it becomes beneficial to enter into, or add to, a position in Chevron. At about $105 per share, there's the possibility of losing $5 per share or making $15 per share at the first resistance level for a 3/1 ratio. If held through that there's potential for a $25 per share at the second resistance level for a 5/1 ratio. All this while collecting a dividend yielding over 4%.
Based on screens I've been doing it's beginning to be apparent that the entire Energy Sector may be looking up over the next couple of years. This may just be the time to add to my Chevron holdings.
Today oil companies are adjusting to the new equilibrium and are cutting costs to survive and excel in this new paradigm. The stocks are also carving out new support and resistance levels in which to operate. For Chevron, it now looks like the company is finding support near $100 per share. I also expect it to find moderate resistance near $120 per share and then again near $130 per share.
This is now setting up a nice win-loss ratio where it becomes beneficial to enter into, or add to, a position in Chevron. At about $105 per share, there's the possibility of losing $5 per share or making $15 per share at the first resistance level for a 3/1 ratio. If held through that there's potential for a $25 per share at the second resistance level for a 5/1 ratio. All this while collecting a dividend yielding over 4%.
Based on screens I've been doing it's beginning to be apparent that the entire Energy Sector may be looking up over the next couple of years. This may just be the time to add to my Chevron holdings.
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