Chevron Company Nyse: cvx She announced that it was putting nearly 20 % of the global workforce by the end of 2026. The company announced the moves as an effort to reduce costs, simplify its business and complete its continuous integration with Hess Corp. New York: Hess.
After a decrease of about 2 % in this announcement, CVX shares recovered, but more than 10 % are still trading less than 52 weeks at about $ 166. This is not new to investors.
The shares of the giant oil company have been 18 months, so that investors wonder in the long run if this decision would raise the growth that was absent from CVX shares in recent years. The answer may not be clear as the company’s profit distribution, which is still one of the main points of the CVX share.
Like other arrows of energy in the oil and gas industry, Chevron has faced lower crude oil prices than expected, drilling restrictions in place in their previous place, and cost pressures that come with the start of many traditional oil companies to mutate towards renewable energy. However, it is important to put this news in the context because many issues affect the company’s expectations.
“Exercise, Child, Digge” Sit with resistance
Between September and the elections in November, CVX rose up on the top of Donald Trump’s promise to “drill, child, drilling” to launch energy independence in America. This was the book of play that he used with success in his first term. But this is a different environment for oil companies that resist Trump to increase production.
The oil, gas industry and wealth of energy shares generally are always subject to supply and demand. When the price of oil decreases, it is often dug oil companies, especially for exploratory projects. But this is the case for Chevron and other large oil companies such as Exxon Mobil. Nyse: xom And Occidental Petroleum Corp. Nyse: oxy.
Simply, they know that if the Trump administration succeeds in increasing the supply in the market, the price of oil will decrease. Although Chevron can still collapse even with the circulation of oil in the 1950s, it is not keen to test this at the present time, especially because it faces cost excesses in a project in a major project in Kazakhstan.
The merger with Hess weighs on profits
Chevron continues to wait for the completion of its merger with Hess. The deal is subject to the results of the arbitration procedure provided by Exxon Mobil. The deal is expected to pass largely, but the effect of integration on future profits is burdened on stocks.
Adopting technology to simplify operations
Chevron reported her profits in the fourth quarter of 2024 on February 7. The company won the first degree with revenues of $ 52.23 billion, which exceeded expectations of $ 48.41 billion. However, the company made profits, with the $ 2.06 arrow profits (EPS), which are less than $ 2.42 estimates.
CVX has fell 4 % on the news, but it has since recovered. The demobilization operations with the additional news that Chevron will move to embrace robots and artificial intelligence to modernize and simplify their operations. However, this may be more important for artificial intelligence shares than it will be for CVX investors.
CVX prices may be at fair prices
Chevron shares expectations today
174.13 dollars
Moderate purchase
Based on 17 analyst classifications
| High expectations | 194.00 dollars |
|---|---|
| Average expectations | 174.13 dollars |
| Low expectations | 160.00 dollars |
Chevron shares details details
The price of the shutron price (P/E) is 14.1 on average for oil and gas stockpiles. The arrow was wore around its simple moving average for 200 days without a large conviction during the past 12 months.
But there are a few reasons that exceed the cost reduction to be optimistic about CVX shares. First, the company is likely to benefit from the high liquefied natural gas exports. It is also possible for crude oil prices to rise in reality and not decrease. This is because the United States must continue to renew the strategic oil reserves, and despite the increase in production in 2024, US crude oil stocks are still near The lowest levels in five years.
This is a lot for digestion, but on balance, the expectations for oil prices as well as cost cutting movements in Chevron support analysts’ expectations at a price of $ 174.13 and an increase of 11.6 % of the current price. When combining this with 4.18 % profit dividends, CVX shares remain a quality, purchase and preparation in a volatile sector.
Chevron Co. (CVX) Price Price on Saturday, 15 February 2025
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