Where Will Chevron Go Next?

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

With shares of Chevron (NYSE:CVX) trading around $120, is CVX an OUTPERFORM, WAIT AND SEE, or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:

T = Trends for a Stock’s Movement

Chevron engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments: upstream and downstream. The upstream segment is involved in the exploration, development, and production of crude oil and natural gas, while the downstream segment engages in refining crude oil into petroleum products. Through its segments, Chevron is able to provide a range of energy products and services to a wide variety of companies around the world. As economies and businesses expand, Chevron is poised to provide the energy products and services required to fuel growth around the world.

Chevron released its earnings update for the first two months of the fourth-quarter in 2014, which showed results the company noted were comparable to the the third quarter of last year. Upstream data showed lower net oil-equivalent production in both the U.S. and overseas facilities, while whole downstream earnings showed higher input at U.S. facilities. Chevron stock was down over 2 percent following the interim earnings report. In lieu of the full results from the fourth-quarter of 2013, Chevron provided an interim earnings update based on the first two months of the quarter for shareholders and energy industry analysts on January 9. Upstream data showed U.S. liquid production and realization down slightly during the period in question while natural gas was up during the first two months of the quarter when compared to the third-quarter of 2013.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business