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Chevron

Black Gold or Green Future: The Big Oil ParadoxThis investment strategy scrutinizes the complex landscape of major oil corporations like Exxon, Chevron, Shell, and BP , situated at the crossroads between their traditional petroleum-based profits ("black gold") and the imperative to transition towards sustainable energy sources (the "green future"). The approach is uniquely neutral, recognizing both the potential upside and downside of these energy giants, and is armed with targets for either trajectory. One must take into account: 1. Nuclear and Fission Energy Impact: The rise of nuclear and fission energy poses another threat to these corporations. As a clean, efficient, and increasingly cost-competitive source of power, nuclear energy is growing in popularity. Once nuclear energy starts to gain more traction and acceptance, it will further undermine the demand for oil, exacerbating the challenges for these energy giants. 2. Regulatory & Environmental Risks: Anticipating potential regulatory changes aimed at reducing carbon emissions and promoting sustainable energy can help set downside targets. At the same time, successful mitigation of environmental risks might offer upside prospects. 3. Drop in Oil: A dramatic oil price drop would significantly reduce these companies' revenue and profitability. Oil price and the financial health of these companies are closely linked, given their heavy reliance on oil sales. 1. Exxon Mobil Corporation (XOM): $250 billion 2. Royal Dutch Shell PLC (RDS.A): $150 billion 3. Chevron Corporation (CVX): $200 billion 4. BP PLC (BP): $85 billion TOTAL= 700 Billion
EURONEXT:SHELL
by MichaelBsul
CHEVRON The road to recovery is set but will have its bumpsThe Chevron Corporation (CVX) has been pulling back since the November 15 rejection and is already below the 1D MA50 (blue trend-line) headed towards the 1D MA200 (orange trend-line). As you see the stock has been trading on a Fibonacci Channel since the October 29 2020 bottom and its last two Higher Lows (July 14, September 28) found Support on or around the 1W MA50 (red trend-line). Remarkably, we last saw the very same Fibonacci Channel during the 2010/11/12 period (chart on the right). The RSI sequences on the 1W time-frame of the two periods are identical and it appears that we are currently headed for the Higher Low (green circle on the RSI) before testing the overhead Resistance Zone (red). If the 2010/11/12 sequence continues to get repeated, then we should expect another two Resistance rejections and pull-backs before we convincingly break to a significantly Higher High. That pattern shows that Chevron is in recovery mode already but the road will has its bumps along the way but we can take advantage of them by buying low and selling high. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:CVX
by TradingShot
1
CVX: Crude Oil blues?Chevron Corporation Short Term - We look to Sell at 162.55 (stop at 167.91) Our outlook is bearish. The trend of lower highs is located at 166.80. A firmer opening is expected to challenge bearish resolve. Preferred trade is to sell into rallies. Further downside is expected. Our profit targets will be 148.94 and 144.00 Resistance: 165.00 / 182.00 / 200.00 Support: 148.50 / 134.00 / 111.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:CVXShort
by VantageMarkets
$CVX CHEVRON WYCKOFF plus INVERSE HEAD and SHOULDER Pattern$CVX Chevron Corp This is one of my favorite charts because it had a clear UPTHRUST WYCKOFF DISTRIBUTION PATTERN and I was able to short the full measured move down without a sweat and share that with my friends, yay money! Chevron has completed the full measured move down on the WYCKOFF distribution pattern and is showing signs of accumulation. A few things to note below: 1. Warren Buffet loaded on Chevron. 2. Supply on oil is still low and the demand is high. The government policy on oil refineries doesn't help the supply. 3. The Russia War on Ukraine is still in full effect. (prayers) 4. Their earnings lag, however, this stock will move significantly on news that directly effects these headlines. 5. It is a dividend paying stock, I believe the news will try hard to beat it down so hedge funds can load up. Like I mentioned above, $cvx appears to be in accumulation, it has formed a decent consolidation pattern. If you zoom into the 4 hour timeframe you will find a beautiful INVERSE HEAD & SHOULDER pattern developing (flip from bars to line chart for a different view). The left shoulder shows the highest selling volume bar and checks the box of a textbook inverse H&S. However, if this pattern fails, I have setup some support levels below. This one will be on the top of my watchlist next week!
NYSE:CVX
by ChaldeaCode
Oil up 38% in 7 days! When to sell?Oil exploding higher again making a 7 day run of 38% and XLE running up 14%. Long-term XLE is my play, raking in the dividends but taking profits relatively soon might be wise. We are right at the resistance level for XLE that looks to be pretty heavy but that resistance isn't like the Ukrainian military so I think it's more likely we blow through that level if oil continues. it cannot continue at this pace for long and that's why I want to be taking profits. If you're trading in the futures market then you have a much better chance of pulling in some high percentage gains in the short run as I believe somewhere above $150/ barrel you will find resistance and it will come crashing down. The question really is, where is the new support? As long as this war continues I think we will stay above $78/ barrel as the new support level. especially with inflation. If WW3 cracks off, all bets are off and I wouldn't see it falling below $100. That being said, XLE won't experience the same type of gains in the short run as a trade. As soon as oil sells off people will sell XLE hard because they are really betting on future gains of the sales of gasoline which won't be there if oil has come back down. The catch is if oil continues to stay elevated and without any subsidies from the government, then there will be less driving which means fewer sales and XLE will be falling. This is why I think it's wise to take profits on the way up, find a huge sell-off and get back in position on the way down. As we are likely heading into a recession I may roll some of this into TLT for the short run as I exit don't he way up to potentially make some gains in TLT without taking the risk in XLE. As XLE falls when oil pops the lit off, that's when I take my gains in TLT and roll it into XLE again for a longer trade but increasing my position by 20-30%,
AMEX:XLELong
by DefyingFinance
Overhead Resistance in Crude OilCrude Oil futures face significant overhead resistance. However, this does not mean that we are at the top. As inflation rages, CL may eventually break the $92-$100 chop zone. For traders who are long CL, this chop zone is a good exit point and a strong volume close above $100 a reentry point. It is likely that even if CL does not break through the $100 level, prices will remain high. Taking profits in CL and moving into Exxon or Chevron and collecting strong dividends could be a way of maximizing profits on this trade until it breaks through the chop-zone to the upside or inflation subsides and CL breaks down.
NYMEX:CL1!
by Lazy_Investing
Chevron due for a correction. CVXThis one is quite beautiful. You can even see the momentum drop off on the candlesticks alone. We are going down. This move is likely to be a part of a more complex correction that started a little way back. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NYSE:CVXShort
by Rykin_Capital
1
WTI Same Price Action in between Jan-Oct 2018Good Afternoon Traders, WTI weekly chart seems to be forming the same price action between January 2018 and October 2018. RSI chart losing momentum while price getting new highs. Price should pass Oct 2021 highs to lose momentum and get in the range between $50-65. I decided to watch Crude oil and set up some alerts regarding its price action. I will share ideas and I look for a good Short set-up for US OIL . If you enjoy my graph, please make sure you like and follow me . Your feedback will always be appreciated. Wish you a great day and Stay Safe! TVC:USOIL
OANDA:WTICOUSDShort
by gorkemaydogan
XOM - one of the top energy stocks for the next few yearsHoly cow... ExxonMobil is on a roll! The stock price has been continuously rising (with a few intermittent dips) from a long term standpoint since the March 2020 crash...I think that's likely due to the company's higher amount of transparency in regards to its peers. I'm specifically referring to its 2030 promise of Net-Zero Permian emissions, its continued investment into algae biofuels when competitors like Chevron NYSE:CVX gave up, and its open support of the Paris agreement despite any ulterior motives Darren Woods and co. may have. I also credit, to a lesser degree, the view that ExxonMobil may be the greenest descendant of Rockefeller's Standard Oil because of Engine No. 1's victory and the continued growth and impact of the new Coalition United for a Responsible Exxon (CURE), as well as how the public may not necessarily have the best view of Chevron due to the Steven Donziger incidents. ExxonMobil' dividend being higher than Chevron, BP NYSE:BP , ConocoPhillips NYSE:COP , and Royal Dutch Shell BCBA:RDS on a percentage basis also gives me confidence. I fear that regulations from the governments in their respective countries will likely hamper the progress of PetroChina NYSE:PTR , BP and Shell. The only other oil company that may have better dividends than ExxonMobil and also is an established American company is Sunoco NYSE:SUN , but I am not seeing too much potential with them, although I will reconsider my position. Overall, ExxonMobil is likely the top major energy stock for the next few years and the one making the most developments; I won't be surprised if ExxonMobil becomes big enough for another large oil merger, especially if "Chexxon" becomes a thing.
NYSE:XOMLong
by dwang479
CVX price boosted by Morgan StanleyRecently, on 11/19/2021 Morgan Stanley brokerage Boosted the Price Target for CVX Chevron Corporation to Overweight from $149.00 to $155.00. Jim Cramer also talked about a buy opportunity in Chevron shares yesterday, since they have enough money to pay the dividends for the next year, 5.36 (4.57%), and the demand for oil is still there. The Price per Earnings ratio is also low, 22.14. Looking forward to read your opinion about it.
NYSE:CVXLong
by TopgOptions
6
CHEVRON CVX:DETAILED FUNDAMENTAL ANALYSIS+NEXT TARGET LONG 🔔Oil prices are rising sharply as demand recovers from the economic downturn caused by the coronavirus. Chevron stock is up about 25 percent in 2021 as the company undoubtedly benefits from a global economic recovery and a rebound in tourism. The company recently reported a net income of $3.1 billion and free cash flow of more than $5 billion in the second quarter, nearly completely because of a recovery in demand for the fuel that moves people and goods around the world and generates the electricity on which the modern world depends. The reality today is that oil and natural gas meet most of that demand. But that reality is evolving, and Chevron is not standing still as the energy world changes around the company. Management reported on July 30, but the previous day it announced in a press release what may prove to be even more important to investors in the coming years than the $3 billion in oil and gas profits for the quarter. On July 29, Chevron issued a press release titled "Chevron Announces Management Change." Companies issue such announcements fairly regularly, and if you don't put a lot of intellectual effort into it, this announcement might not seem like such a big deal. Still, there is an opinion that it deserves more scrutiny. So what exactly did the company do? In a nutshell, it announced a new business that would focus on low-carbon energy projects. The company appointed Jeff Gustavson, a veteran who has been with the company for 21 years and most recently served as vice president of exploration and production in North America, as president of this new venture, called Chevron New Energies. CEO Michael Wirth has described the unit as a reflection of Chevron's "higher revenue, lower carbon" strategy and said that "the allocation of resources in the new organization will accelerate growth in several business lines that we expect will become part of a lower-carbon energy system." There are two points that underscore the significance of this move. First, Chevron New Energies is not just a business that will become part of a larger segment but will function as an independent unit in which Gustavson is now an officer and reports directly to the CEO. Clearly, the company's management-and almost certainly the board of directors, which plays an important role in developing corporate strategy-understands the importance of investing in low- and no-carbon energy. Second, it makes good business sense. In discussing Chevron's earnings, Chief Financial Officer Pierre Breber noted that there are certainly regulatory reasons to invest in low-carbon energy, but many Chevron customers want low-carbon energy sources, such as airline operators who are looking for renewable jet fuel. Not to exaggerate, but the fact remains that Chevron's present and much of its future prospects are still tied to oil and natural gas and the products derived from them. The economic recovery now underway, including a return to a more normal level of transportation of people and goods, will be fueled by oil. This will remain unchanged for many years. It is also the source of cash that will fund Chevron's dividend, which yields more than 5% at recent prices, as well as the money the company will spend to build a low-carbon energy business. One final note on Chevron's strategy. During the earnings announcement, company executives stressed that the company is not looking to move into technologies such as wind and solar power, saying the company has no competitive advantage. Instead, it will seek technologies where its existing scale and expertise can make a profit, such as renewable fuels, clean hydrogen, and carbon capture. Many would agree that Chevron will not be able to rely on fossil fuels forever. Making this a big enough corporate priority to create a new business, led by a company employee who reports directly to the CEO, is a sign that Chevron is taking the reality of climate change - or at least its implications for its business - seriously. Undoubtedly, investors should pay more attention to this situation.
NYSE:CVXLong
by FOREXN1
2