Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment engages in the exploration, development, production, and transportation of crude oil and natural gas; liquefaction, transportation, and regasification of liquefied natural gas; transporting crude oil through pipelines; processing, transporting, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant. The 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 company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in Houston, Texas.
FCF Focus | Chevron's strategic shift towards free cash flow maximization signals a disciplined approach to spending, potentially leading to increased shareholder returns |
Operational Hurdles | Despite strong financials, Chevron faces challenges including weak downstream performance and significant downtime in Australia, highlighting industry volatility |
Growth on the Horizon | Chevron's ramped-up exploration activities, particularly in Guyana, could offset production declines and drive future growth opportunities |
Market Positioning | With a $281.5B market cap and analyst price targets ranging from $167 to $174, Chevron appears slightly undervalued amidst a positive industry outlook |
Metrics to compare | CVX | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipCVXPeersSector | |
---|---|---|---|---|
P/E Ratio | 13.8x | 8.5x | 4.6x | |
PEG Ratio | −0.96 | −0.17 | 0.00 | |
Price/Book | 1.6x | 0.9x | 1.1x | |
Price / LTM Sales | 1.2x | 0.7x | 1.0x | |
Upside (Analyst Target) | 24.7% | 25.2% | 43.6% | |
Fair Value Upside | Unlock | 23.5% | 12.3% | Unlock |