The stock closed at $155.65 on Friday with a regular market decline of -0.23%. The stock is currently showing mixed signals, trading near its Fibonacci pivot point of $156.58, with resistance at $160.74 and support at $152.41 .

Fundamental Analysis

Recent developments and key factors:

Positive Analyst Coverage: Raymond James maintains a "Buy" rating with a price target of $180 (15.64% upside), while Truist Securities has a more conservative "Hold" rating with a $164 target (5.36% upside) .
Business Operations: Chevron's Angola operations are running normally after a minor oil sheen incident, with cleanup expected to complete by January 27. The incident involved only 4.8 barrels of oil, suggesting minimal operational impact.
Market Position: Bank of America has included CVX among its top stock picks for 2025, indicating institutional confidence in the company's prospects.

Recommendation: Based on the current analysis, HOLD CVX stock. While the company has strong analyst support and is included in major institutional recommendations, the stock is currently showing consolidation patterns near its pivot point. The RSI of 55.68 indicates neutral momentum, suggesting neither overbought nor oversold conditions.

Key factors supporting this recommendation:

Strong analyst coverage with upside potential
Stable operations despite minor incidents
Inclusion in major institutional recommendations
Technical indicators showing neutral momentum

Risk Factors:

Oil price volatility
Global economic uncertainty
Regulatory and environmental concerns

What is price prediction 2025 for CVX Stock?

Based on the provided data and analysis, here is the price prediction for CVX stock in 2025:

Chevron's stock price is expected to reach $176 by mid-2025, representing an 11.2% upside potential from current levels around $155.65. This target is supported by Chevron's strong operational performance in the Permian Basin and anticipated synergies from strategic acquisitions. The company's robust free cash flow growth projection of over 10% annually through 2027 (assuming $60 Brent oil) provides additional confidence in this price target.

What is surpport and resistant level for CVX Stock?

The S1 support level for CVX Stock is $152.41 ,The R1 resistant level for CVX Stock is $160.74.

What is the current price of CVX Stock?

As of the end of day on 2025-01-24, the price of CVX Stock was $155.62.

What is the target price of CVX Stock?

The target price for CVX Stock according to analyst rating is 175.88, with the highest price target at 195.00 and the lowest at 154.00. Analysts have a Strong Buy rating on CVX Stock overall.

What is the market cap of Chevron Corp?

The market cap of CVX is $279.7B.

Is Chevron Corp (CVX) overvalued?

Based on the provided data and context, here is my analysis of whether CVX is overvalued:

Valuation Analysis: CVX currently trades at a PE ratio of 16.17 for Q3 2024, which is significantly higher than the industry average PE of 8.42. The EV/EBITDA of 6.68 and Price/Sales of 1.40 indicate moderate valuation levels.

Market Position: Chevron's stock has underperformed in 2023-2024, falling 13% while the S&P 500 climbed 57%. This decline has created a valuation opportunity, with the stock trading below its 10-year average multiples.

Analyst Consensus: Recent analyst ratings show strong conviction, with Raymond James maintaining a Buy rating and $180 price target (15.64% upside), while UBS maintains a Strong Buy rating with a $195 target (23.17% upside).

Final Assessment: While CVX's PE ratio appears elevated compared to peers, the company's strong balance sheet, consistent dividend growth history, and analyst optimism suggest the stock is fairly valued at current levels considering its integrated business model and market position.

What is Chevron Corp (CVX)'s business?

Chevron Corporation is an integrated energy company. The Company produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance its business and the industry. The Company’s upstream operations consist primarily of exploring for, developing, producing and transporting crude oil and natural gas; liquefaction, transportation and regasification associated with liquefied natural gas (LNG); transporting crude oil by major international oil export pipelines; processing, transporting, storage and marketing of natural gas; carbon capture and storage; and a gas-to-liquids plant. The Company’s downstream operations consist primarily of refining of crude oil into petroleum products; marketing of crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels; transporting of crude oil and refined products by pipeline, marine vessel, motor equipment and rail car; and others.

What is price prediction 2030 for CVX Stock?

Based on the provided data and analysis, here is a projection for Chevron (CVX) stock price in 2030:

CVX stock is projected to reach $210-225 by 2030, representing a 35-45% increase from current levels around $155. This forecast is driven by Chevron's strong operational performance in traditional oil & gas while investing in lower-carbon initiatives. The company's integrated business model and dividend growth history provide stability, though energy transition risks could limit upside potential.