Chevron Corp Stock Fundamentals

CVX Stock  USD 155.41  0.14  0.09%   
Chevron Corp fundamentals help investors to digest information that contributes to Chevron Corp's financial success or failures. It also enables traders to predict the movement of Chevron Stock. The fundamental analysis module provides a way to measure Chevron Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Chevron Corp stock.
At this time, Chevron Corp's Selling General Administrative is fairly stable compared to the past year. Gross Profit is likely to rise to about 48.4 B in 2024, whereas Depreciation And Amortization is likely to drop slightly above 12 B in 2024.
  
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Chevron Retained Earnings Analysis

Chevron Corp's Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words, it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.

Chevron Corp Retained Earnings

109.61 Billion

Retained Earnings

 = 

Beginning RE + Income

-

Dividends

More About Retained Earnings | All Equity Analysis

Current Chevron Corp Retained Earnings

    
  200.03 B  
Most of Chevron Corp's fundamental indicators, such as Retained Earnings, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Chevron Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Chevron Retained Earnings Historical Pattern

Today, most investors in Chevron Corp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Chevron Corp's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's retained earnings growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Chevron Corp retained earnings as a starting point in their analysis.
   Chevron Corp Retained Earnings   
       Timeline  
Retained Earnings shows how the firm utilizes its profits over time. In simple terms, investors can think of retained earnings as the amount of profit the company has reinvested in the business since its inceptions. However the methodology to make a decision over how much profit to retain is different between companies in different industries. For example, growing industries tend to retain more of their earnings than more matured industries as they need more assets investment to sustain their growth.
Competition

Chevron Retained Earnings

Retained Earnings

109.61 Billion

At this time, Chevron Corp's Retained Earnings are fairly stable compared to the past year.
Based on the latest financial disclosure, Chevron Corp has a Retained Earnings of 200.03 B. This is much higher than that of the Oil, Gas & Consumable Fuels sector and 5.42% higher than that of the Energy industry. The retained earnings for all United States stocks is significantly lower than that of the firm.

Chevron Corp Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Chevron Corp's current stock value. Our valuation model uses many indicators to compare Chevron Corp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Chevron Corp competition to find correlations between indicators driving Chevron Corp's intrinsic value. More Info.
Chevron Corp is number one stock in target price category among related companies. It is number one stock in cash per share category among related companies fabricating about  0.05  of Cash Per Share per Target Price. The ratio of Target Price to Cash Per Share for Chevron Corp is roughly  22.19 . At this time, Chevron Corp's Cash Per Share is fairly stable compared to the past year.. Comparative valuation analysis is a catch-all model that can be used if you cannot value Chevron Corp by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Chevron Corp's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Chevron Corp's earnings, one of the primary drivers of an investment's value.

Chevron Number Of Employees Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Chevron Corp's direct or indirect competition against its Number Of Employees to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Chevron Corp could also be used in its relative valuation, which is a method of valuing Chevron Corp by comparing valuation metrics of similar companies.
Chevron Corp is currently under evaluation in number of employees category among related companies.

Chevron Corp ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Chevron Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Chevron Corp's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

Chevron Fundamentals

About Chevron Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Chevron Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Chevron Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Chevron Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2024
Current Deferred Revenue1.7 B3.1 B
Total Revenue200.9 B149.1 B
Cost Of Revenue166.7 B100.7 B
Ebit Per Revenue 0.15  0.15 

Pair Trading with Chevron Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Chevron Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Chevron Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Chevron Stock

  0.75BP BP PLC ADR Financial Report 7th of May 2024 PairCorr
  0.62SU Suncor Energy Financial Report 13th of May 2024 PairCorr

Moving against Chevron Stock

  0.45EQNR Equinor ASA ADR Financial Report 2nd of May 2024 PairCorr
  0.44TGS Transportadora De Gas Financial Report 13th of May 2024 PairCorr
The ability to find closely correlated positions to Chevron Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chevron Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Chevron Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Chevron Corp to buy it.
The correlation of Chevron Corp is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Chevron Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chevron Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Chevron Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Chevron Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Chevron Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Chevron Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Chevron Corp Stock:

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Is Chevron Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Chevron Corp. If investors know Chevron will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Chevron Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.64)
Dividend Share
6.04
Earnings Share
11.36
Revenue Per Share
104.004
Quarterly Revenue Growth
(0.15)
The market value of Chevron Corp is measured differently than its book value, which is the value of Chevron that is recorded on the company's balance sheet. Investors also form their own opinion of Chevron Corp's value that differs from its market value or its book value, called intrinsic value, which is Chevron Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Chevron Corp's market value can be influenced by many factors that don't directly affect Chevron Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Chevron Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chevron Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chevron Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.