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CHEVRON CORPCHEVRON CORPCHEVRON CORP

CHEVRON CORP

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CVX trade ideas

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
Buy $CVX - NRPicks 23 JulChevron Corporation, through its subsidiaries, is engaged in integrated energy, chemicals and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. It is also involved in cash management and debt financing activities; insurance operations; and technology businesses. The company has been under pressure in recent weeks due to the drop in oil prices, however, CVX's fundamentals are solid and good estimates remain on track for its next report where it is expected to post earnings of $1.46 per share. This would mark a year-over-year growth of 191.82%, and quarterly revenues are estimated at $34.22 billion, up 153.58% from the prior year period.
NYSE:CVXLong
by NewroadTrader
Buy $CVX - NRPicks 23 AbrChevron Corporation participates in integrated energy, chemical and petroleum operations around the world. The company operates in two segments, Upstream and Downstream. The Upstream segment participates in the exploration, development and production of crude oil and natural gas. The Downstream segment is dedicated to refining crude into petroleum products and marketing them. $ CVX, an oil giant that had a 71% rally from October to March, presented a setback that could mean an opportunity considering that it is close to its results report on April 30, in the same way, its next delivery of dividends that so far have an Ex-Date projected to the second week of May. 2020 - Revenue $ 94B - EBITDA $ 14B - Cash $ 5.5B - Total Debt 48B - EBITDA MARGIN 14.9% - Dividend Yield 5.11%
NYSE:CVXLong
by NewroadTrader
Bull FlagPrice is close to long entry level today after a pull back on Friday. Piercing candle pattern on a support level. Piercing (line) pattern is a 2 candle pattern that begins with a red candle. It is followed by a green candle that opens below the low of the red candle and closes between the midpoint of the red candle and the open of the red candle (the top of the red candle represents it's open) So basically the bulls opened on day 2 of the pattern beneath the low of the first candle, yet were able to fight enough to regain a lot of ground back and closed over the prior day's close. Unfortunately the next day the bears took price down again despite the fact that price basically opened on the 3rd day at close to the close of the green candle. Red candles have the open at the top and the close at the bottom of the candle. A green candle has the open at the bottom and the close at the top. The wicks, shadows, represent the high and the low of the candle and are the same for both red and green candles. When I first started trading, candles were confusing to me as was everything else. lol, and to this day, I have to remind myself (o: No recommendation.
NYSE:CVX
by lauralea
CVX - Retrace firstGreetings Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, feel free to send us message (inbox). Pra Trading : - Please care for Money Management - Have a good psychology - Do not be hurry to open position and do not do nothing if u see opportunity - Evaluate and upgrade your trading plan Execution Strategy : - Know what you want to buy, see the Fundamental - Decide that you are on investing or speculating - Consider what your strategy based on Investing/Speculating - Make Road Map Of Your Trading Plan - Decide a. Entry strategy b. Cut loss c. Target of Profit Post Trading : a. Do not be sad if you loss or do not be very happy if you win b. Just become a normal without emotion, Do not put emotion into your trading c. Evaluate your trading d. Keep on Learning e. Be Humble Idea : CVX - Retrace first
NYSE:CVX
by MultiAssetX
1