Chevron shares: Price analysis before buying or selling

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Yes

ISIN code: US1667641005

Ticker: NYSE: CVX

Index or market: NYSE

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Elements to consider before selling or buying Chevron shares

Analysis N°1

Fluctuations in crude oil prices: Chevron is an oil and gas company, and therefore its share price is largely influenced by fluctuations in crude oil prices in world markets.

Analysis N°2

Global economic conditions: Global economic conditions have a direct impact on the demand for oil and gas, which can affect Chevron's earnings and stock value.

Analysis N°3

Government regulations: Government regulations in countries where Chevron operates can affect operating costs and profits, which can impact the share price.

Analysis N°4

Geopolitical tensions: Geopolitical tensions in oil-producing regions can also impact Chevron's share price, due to geopolitical risks and supply disruptions.

Analysis N°5

Competition: Competition in the oil and gas industry can affect Chevron's market share and earnings, which can affect the share price.

Analysis N°6

Financial performance of the company: Chevron's financial performance, including earnings, sales and debt, can affect the share price and investor interest.

Analysis N°7

In summary, before buying or selling Chevron stock, it is important to analyse the economic, political and geopolitical factors that can affect the stock price. Investors should monitor fluctuations in oil prices, global economic conditions, government regulations, geopolitical tensions, competition and the company's financial performance.

Analysis before buying or selling Chevron shares

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General presentation of Chevron

If you want to analyse Chevron's share price on the stock market, you need to know about the company and its major activities in the sector. We would like to give you a detailed overview of the company, its activities and its major sources of income so that you can analyse its financial results and share price before buying or selling the stock.

Chevron Corporation is one of the world's major oil and gas companies, with a presence in over 180 countries. Founded in 1879, the company is a global leader in the exploration, production, refining and marketing of crude oil and natural gas.

Chevron's revenue is mainly generated by refining and distribution, which will account for 71.6% of its revenue in 2021. The group has eight refineries that produce 1.8 million barrels of product sold per day, as well as a network of nearly 13,900 service stations under the Chevron, Texaco and Caltex banners worldwide. Chevron also has oil and natural gas transportation, petrochemical and plastics production operations.

In 2021, oil and natural gas exploration and production accounted for 28.3% of Chevron's revenue. The company produced 3.1 million barrels of crude oil, 1.8 million barrels of liquefied natural gas and 218.3 million cubic metres of natural gas per day. Chevron has also invested in exploration and production projects around the world, including in Kazakhstan, Australia, Nigeria and Angola.

Finally, Chevron generates 0.1% of its turnover from other activities, including power generation. In 2021, 55.9% of Chevron's turnover was generated internationally, which underlines the company's importance in the oil sector.

Photo credits: ©moovstock/123RF.COM

The major competitors of Chevron

Now let's find out which of Chevron's competitors you should follow and analyse before setting up your analyses of this stock with a presentation of the biggest players in this sector:

ExxonMobil Corporation

This American oil and gas company is based in the Dallas suburbs and is among the 10 largest companies in the world in terms of profits and among the top 15 in terms of market capitalisation.

BP

This British oil exploration, extraction, refining and sales company was founded in 1909. It became the largest company in the UK after merging with Amoco, Atlantic Richfield and Castrol. It is also the third largest oil company in the world. The group operates in around 100 countries and has over 79,700 employees.

Shell

The Shell group is also a major competitor of Chevron. Royal Dutch Shell is an Anglo-Dutch oil company and one of the largest multinational companies. Shell is the third largest company in the world in terms of turnover and is also the number two in the oil sector in terms of turnover.

China Petroleum and Chemical Corporation

Also known as Sinopec, this company is also a major competitor of Chevron. It is a Chinese oil and chemical group. The group is currently one of the largest companies in the world in terms of turnover.

PetroChina Company Ltd

Finally, the last major competitor of Chevron is the PetroChina Company group, which is in fact the listed part of the China National Petroleum Corporation group, i.e. the largest oil group in China. This company is listed on the New York Stock Exchange, the Shanghai Stock Exchange and the Hong Kong Stock Exchange. It is currently one of the largest companies in the world in terms of turnover and market capitalisation.

The major partners of Chevron

In recent years, Chevron has established interesting strategic partnerships that can check out here.

GazPromNeft

In 2007 Chevron signed a partnership agreement with GazPromNeft, a Russian company to create a joint venture in Russia called Severnaya Tayga Neftegaz. The objective of this new entity is to carry out joint projects in the oil production sector.

Angola LNG

In 2012, Chevron created a joint venture with several of its competitors including BP, ENI and Total and Sonangol. This company called Angola LNG aims to transform natural gas into LNG in order to export it all over the world.

Total

In 2013, the Total group signed an agreement with Chevron to buy its distribution network in Pakistan namely 538 service stations. It had previously acquired the Egyptian network from the same group.

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The factors in favour of a rise in the Chevron share price:

First of all, Chevron's positioning in its sector of activity is very interesting. Bear in mind that this group is currently one of the leaders in supplying energy to people around the world.

Chevron is also well represented internationally. In fact, it has significant presence on the entire world market and commercialises its energy on all continents, which protects it from the risks associated with a single economic zone.

Investors on the stock market and shareholders also appreciate the stability of the Chevron group's financial situation, which makes it possible to make more or less reliable conjectures as to its long-term profitability and avoids unpleasant surprises.

Chevron also stands out from its competitors in terms of energy produced by geothermal energy. It's the world leader of this specific activity sector. It can also count on its work force with 67,000 employees worldwide.

It's also important to note that the Chevron group has also made every effort to diversify its activities as much as possible. Keep to mind that this company is not limited to the supply of energy but also offers refining, exploration or geothermal services.

Finally, Chevron's latest asset is its membership in the Energy Corporation group with international reach which provides it with long-term financial security.

The factors in favour of a drop in the Chevron share price:

First of all, remember that the group recently encountered difficulties which are still present due to environmental problems. These problems entail significant costs which penalize the group's overall profitability.

Other problems, of a legal nature this time, also caused harm to the company by significantly slowing down its economic rhythm and, incidentally, impacted the entire energy sector as a whole. Another case that also impacted the brand image of the group is the fact that it did not comply with the Clean Air Act in America.

Another weak point of the Chevron is its tendency to reduce the stock of products which could pose a problem in the event of an increase in demand with an inability to respond on time.

The activities of the Chevron group which take place in certain specific geographical areas such as California, Africa or even Ecuador are considered to be dangerous for the environment and could be subject to a ban.

The company was also directly involved in the very significant drop in turnover in the refined products sector.

The information supplied here is only for indicative purposes and should not be used without the completion of a comprehensive and complete fundamental analysis of this asset notably taking into account exterior data, future publications and announcements and all fundamental events and news that could influence the strengths and weaknesses or make them more or less significant. This information does not in any way constitute recommendations relating to the completion of transactions or a solicitation to buy or sell an asset.

Frequently Asked Questions

How do Chevron's earnings affect its stock price?

Chevron's earnings are one of the key factors influencing its stock price. When the company's earnings increase, it indicates that the company is in good financial health, which can lead to an increase in the stock price. Conversely, if profits fall, the share price may fall. It is therefore important to follow the company's financial results closely in order to determine their possible influence on its share price.

How do I buy or sell Chevron shares?

To buy or sell Chevron shares, you need to go through an online broker or an investment bank that offers brokerage services. Online brokers are often cheaper than investment banks, but they also offer less personal service. You can also invest in Chevron shares with CFDs or contracts for difference.

How do I perform a technical analysis of the Chevron share?

Technical analysis is a commonly used method of assessing the future behaviour of a stock based on the study of its price history. To do this, you need to observe trends, identify support and resistance levels and use technical indicators such as moving averages or support and resistance levels. It is then necessary to analyse these signals and cross-check them with signals from the fundamental analysis of the stock.

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Analysis before buying or selling Chevron shares