CVX
Chevron Corporation (NYSE: CVX) says stepped-up imports of Venezuelan crude oil are helping lower U.
Article Summary
HOLD- Chevron Corporation (NYSE: CVX) says stepped-up imports of Venezuelan crude oil are helping lower U.S. gas prices amid the Iran war, with Chevron running its Mississippi refinery around the clock to process crude from Venezuela.
- The company is moving to curb prices for consumers as the war in Iran constrains global oil supplies and pushes U.
- S. gasoline prices up to their highest level since 2022.
- The Trump administration earlier this month lifted sanctions on interim Venezuelan President Delcy Rodriguez as it seeks to rebuild ties with the country's government, with Chevron and Venezuela this week announcing two deals to expand oil production by 50% over the next few years.
- The oil imports are helping both bring revenue to Venezuela, and it's helping Americans, according to Chevron's president of global refining, Andrew Walz, with access to a new supply point that the company didn't have previously.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | -4.6% | 25% | 0.0 ptsDeclining (-4.6%) - NOT a growth stock |
| EPS Growth Next 5Y ? | 17.6% | 25% | 50.0 ptsMeets Minimum (17.6%) - Passes screener |
| Target Price Upside ? | 12.1% | 20% | 50.0 ptsMeets Minimum (12.1%) - Target: $209.67 vs Current: $187.02 |
| Gross Margin % ? | 14.7% | 15% | 20.0 ptsThin (14.7%) - Low-margin business |
| Drawdown from 52-Wk High ? | -12.9% | 15% | 40.0 ptsMild Pullback (-12.9%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About CVX
- Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally.
- It operates through Upstream, Downstream, and All Other segments.
- The Upstream segment engages in the exploration for, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; carbon capture and storage; and operation of a gas-to-liquids plant.
- Its Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels; transports crude oil and refined products through pipeline, marine vessel, motor equipment, and rail car; and manufactures and markets commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives.
- The All Other segment engages in cash management and debt financing; insurance; real estate; and technology activities.
- It has operations in North America, South America, Europe, Africa, Asia, and Australia.
- The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in May 2005.
- Chevron Corporation was founded in 1879 and is headquartered in Houston, Texas.