Chevron Stock: Everything To Know

Chevron Stock: About, what they Do, Stock Price, Founders, CEO, CFO, Revenue, Founded, President, Analyst Forecast, what’s New, Updates And Everything To Know

About Chevron:

• • Chevron, an oil supermajor, has a rich history dating back to 1879. From its modest beginnings in California, it has evolved into a global energy industry leader. Let’s explore why Chevron stock is also worth considering for investors.
  • Their businesses span from upstream (drilling) through midstream (pipelines) to also downstream (chemical and refining).

Business Operations:

• Energy Value Chain: Chevron operates throughout the energy value chain:
  • Upstream (Drilling): Exploration and production of oil and natural gas.
  • Also Midstream (Pipelines): Transporting energy resources.
  • Downstream (Chemical and Refining): Also Processing and selling refined products.
• Hydrogen Initiative: Chevron aims to increase its presence in the hydrogen landscape, also targeting annual hydrogen production of 150,000 metric tons by 2030.

CEO:

• Michael K. (Mike) Wirth has been the Chairman of the Board and also CEO of Chevron Corporation since 2018.

Revenue:

• Chevron is one of the largest companies globally and ranked 10th on the Fortune 500 in 2023.

What’s New:

• Chevron is expanding beyond fossil fuels and also targeting annual hydrogen production of 150,000 metric tons by 2030.

Company History:

• • • In 1879, explorers and merchants established the Pacific Coast Oil Co. in California.
    • The company’s first successful oil well, Pico No. 4, also marked California’s earliest commercial oil discovery.
    • Over the years, Chevron also retained its founders’ spirit, innovation, and perseverance.

Current Stock Price (as of June 28, 2024):

• • $156.45 per share.
  • 52-Week Range: $139.62 – $171.70.

Dividends and Yield:

• • Chevron has increased its dividend for 37 consecutive years.
  • The current dividend yield is approximately 4.03%.

Investment Considerations:

• • Chevron’s history of dividend raises, low production costs, and also diversification make it a foundational oil and gas stock worth owning for the long term.
  • The company is also exploring opportunities in hydrogen production.

Investment Steps:

1. Open a Brokerage Account: Choose a platform like Fidelity for zero-commission online stock trades.
2. Also Determine Your Budget: Invest an amount that aligns with your financial situation.
3. Research: Understand energy stocks and also Chevron’s position.
4. And also Place an Order: Buy Chevron stock (ticker: CVX).