CVX Stock Price Prediction 2024 To 2030 – Chevron Corporation is one of the biggest integrated energy businesses in the world, with its headquarters located in San Ramon, California. Chevron operates in more than 180 countries and is involved in all facets of the energy sector, including the production, delivery, marketing, and exploration of gas, oil, and renewable energy sources.
About the Company – Chevron (CVX)
Chevron, formerly known as the Pacific Coast Oil Company when it was founded in 1879, has a rich and legendary past filled with expansion, invention, and adaptation. Chevron has established itself as the industry leader and broadened its global reach through a series of well-timed mergers and acquisitions, such as its 2001 merger with Texaco.
Chevron Corporation operates integrated energy and chemical businesses both domestically and abroad through its subsidiaries. The business is divided into two segments: downstream and upstream. Exploration, development, production, and transportation of crude oil and natural gas, as well as the processing, liquefaction, transportation, and regasification of liquefied natural gas, pipeline transportation of crude oil, natural gas transportation, storage, and marketing, carbon capture and storage, and gas-to-liquids plant are all included in the Upstream segment’s activities.
Overview of CVX Stock Price
Chevron Corporation, which is listed on the New York Stock Exchange (NYSE) and is known by the ticker code CVX, has a lengthy history that began with its 1921 initial public offering (IPO) But the company’s more recent initial public offering (IPO) happened on October 19, 2001, which was a big turning point in its business history.
- Current Price – $ 144.90
- Open – $ 144.69
- Previous Close – $ 144.69
- 50-Day SMA – $ 153.68
- Pe Ratio (TTM)- 14.35
- EPS (TTM) – $ 18.28
- DIV PS TTM (Yield) – $ 5.70 ($ 3.51)
- Market Cap – $ 265.01B
CVX Stock Price Prediction 2024 To 2030
The CVX stock estimate for the start of the following year is $ 172.19, based on the average annual growth of the Chevron stock over the last ten years. Here is the Chevron stock forecast for each year through 2030 using the same methodology.
| Year | Stock Price Prediction |
| 2024 | $ 172.19 |
| 2025 | $ 189.19 |
| 2026 | $ 196.52 |
| 2027 | $ 218.19 |
| 2028 | $ 312.20 |
| 2029 | $ 410.59 |
| 2030 | $ 510.59 |
Peer Companies For Chevron
Chevron is a globally recognized integrated energy company that boasts a robust financial standing and a well-rounded portfolio. The stock performance of the corporation can be compared to that of other significant energy sector players, like BP, Shell, and ExxonMobil.
Investor Types and Ratios For Chevron
The stock of Chevron (CVX) is owned by a combination of retail, institutional, and individual investors. The ownership of the company’s stock by institutional investors is estimated to be 61.31%.
- Insiders – 0.12%
- Mutual Funds – 21.32%
- Public Investors- 39.99%
- Other Institutional Investors – 38.57%
Finally, long-term investors should take heart from our thorough stock analysis and price projection for Chevron Corporation (NYSE: CVX). Chevron’s stock is expected to be a strong investment opportunity, with an average price per share of $510.59 by 2030.
