Today I’m reviewing a large-cap oil & gas integrated firm by the name of Chevron Corporation. Its trading ticker symbol is CVX.
Chevron Corp integrates exploration, production, and refining operations of oil and gas worldwide. Its oil refineries are spread across the United States, South Africa, and Asia with an approximate capacity of 2 million barrels of oil a day.
The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas.
The Downstream segment engages in refining crude oil into petroleum products; marketing crude oil and refined products. It is also involved in the cash management and debt financing activities; insurance operations; real estate activities; and technology businesses.
The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California.
I use three key data points to gauge the value of any dividend equity or fund like Chevron Corporation(CVX ):
(1) Price
(2) Dividends
(3) Returns
Besides those three, four more keys will finally unlock an equity or fund in which to invest.
But those first three primary keys, best tell whether a company has made, is making, and will make money.
CVX Price
Chevron’s price per share was $125.18 at yesterday’s market close. A year ago its price was $110.35 for a gain of $14.83 per share.
Assuming Chevron’s price will trade in the range of $105 to $145 next year, that $14.83 gain would take its current $125.18 price to $140.01 by early August, 2019.
CVX Dividends
Chevron’s most recent quarterly dividend was $1.12declared July 26and payableSeptember 10.
At that most recent quarterly pay rate, its 2018 annual dividend is calculated at $4.48yielding3.57% at yesterdays closing $125.18 price.
