Chevron is one of the largest integrated energy companies around the globe. As the company provided all the details to analysts, it reduced its production guidance for the current year by 6% and it also provided details on the decline of its return on capital. But the company has still a strong position among its competitors considering the potential in growth. The company has still potential to grow in upcoming years. The company’s portfolio is quite unconventional and its liquidity position is strengthening.
The company has high dividend yield, other than that Chevron Stock Price has been the quite stable due to the attractive valuation. Chevron Stock price is currently around $124, and from past six months the average stock price has been around $120 to $125. Company’s performance is majorly affected by the economic factors and growth in economy of the country. For the current quarter, the analysts expect it perform better than last quarter.
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