Chevron Corporation with ticker code (CVX) now have 27 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 215 and 161 with a mean TP of 193.41. Given that the stocks previous close was at 168 this would indicate that there is a potential upside of 15.1%. The day 50 moving average is 174.02 while the 200 day moving average is 163.02. The market capitalisation for the company is $328,235m. Find out more information at: https://www.chevron.com
The potential market cap would be $377,881m based on the market concensus.
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Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation 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, refined products, and lubricants; manufacturing and marketing of renewable fuels; transporting crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It is also involved in the cash management and debt financing activities; insurance operations; real estate activities; and technology businesses. 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 based in San Ramon, California.