Chevron Corporation has appointed Laura Lane as Vice President and Chief Corporate Affairs Officer, starting February 1. In her new role, she will manage corporate affairs functions including government relations, public policy, and community engagement. This move aligns with Chevron's strategy to enhance its corporate governance and public relations capabilities.
Analyst Perspectives and Stock Movements
The investment landscape presents mixed views regarding Chevron's valuation. Roger Read of Wells Fargo maintains a Buy rating with a $188 price target due to favorable positioning and growth potential. Truist raised their target to $164 from $160, while Raymond James lowered theirs to $170 from $175. Amid these differing opinions, Chevron's share prices rose consistently over seven days, closing 0.7% higher at $159.36 recently. Although there was a slight dip of 3.1% throughout 2024 compared to the S&P 500's substantial gain of 24%, this reflects broader market dynamics.
Financial Performance Goals
Looking ahead, Chevron targets achieving between $6-$8 billion in free cash flow growth through strategic initiatives such as robust expansion in key areas like the Gulf of Mexico. This financial goal underscores their commitment to operational enhancements and long-term sustainability.
Earnings Expectations
Chevron plans to disclose its fourth-quarter results for 2024 on January 31, 2025. With a significant market capitalization of $284.5 billion, these earnings are highly anticipated by analysts and investors alike. The report is expected to provide insights into Chevron's operational efficiency, growth strategies, and future fiscal health.
16-Jan-2025 3:41 PM CST - Seeking Alpha Chevron filed taxes in Venezuela despite sanctions - Bloomberg Chevron (NYSE:CVX) filed tax returns worth $300M with the Venezuelan government last year, saying in March 2024 that its ventures owed 8.1B bolivars to the country's tax agency, Bloomberg reported Thursday.
16-Jan-2025 3:05 PM CST - Seeking Alpha Chevron shares climbed for the seventh straight session Chevron Corporation ( NYSE: CVX) shares gained for seven straight sessions, as the stock closed 0.7% higher at $159.36 on Thursday. The oilfield services company gained nearly 6% in the preceding six sessions. The stock lost 3.1% in 2024, compared to the 24% rise in the broader S&P 500 Index.
16-Jan-2025 2:00 PM CST - Zacks Chevron's Free Cash Flow Push: Will $8B Growth Justify a Hold? Chevron Corporation (CVX) aims to achieve $6-$8 billion in free cash flow growth next year, fueled by strategic initiatives and operational enhancements. Key drivers include robust expansion in the Gulf of Mexico,
16-Jan-2025 6:31 AM CST - Barchart What to Expect From Chevron's Q4 2024 Earnings Report With a market cap of $284.5 billion, San Ramon, California-based Chevron Corporation (CVX) is a leading global energy company engaged in integrated oil, gas, and chemical operations. With diverse upstream and downstream activities,
Chevron Corporation has appointed Laura Lane as Vice President and Chief Corporate Affairs Officer, starting February 1. In her new role, she will manage corporate affairs functions including government relations, public policy, and community engagement. This move aligns with Chevron's strategy to enhance its corporate governance and public relations capabilities.
Analyst Perspectives and Stock Movements
The investment landscape presents mixed views regarding Chevron's valuation. Roger Read of Wells Fargo maintains a Buy rating with a $188 price target due to favorable positioning and growth potential. Truist raised their target to $164 from $160, while Raymond James lowered theirs to $170 from $175. Amid these differing opinions, Chevron's share prices rose consistently over seven days, closing 0.7% higher at $159.36 recently. Although there was a slight dip of 3.1% throughout 2024 compared to the S&P 500's substantial gain of 24%, this reflects broader market dynamics.
Financial Performance Goals
Looking ahead, Chevron targets achieving between $6-$8 billion in free cash flow growth through strategic initiatives such as robust expansion in key areas like the Gulf of Mexico. This financial goal underscores their commitment to operational enhancements and long-term sustainability.
Earnings Expectations
Chevron plans to disclose its fourth-quarter results for 2024 on January 31, 2025. With a significant market capitalization of $284.5 billion, these earnings are highly anticipated by analysts and investors alike. The report is expected to provide insights into Chevron's operational efficiency, growth strategies, and future fiscal health.
16-Jan-2025 3:41 PM CST - Seeking Alpha Chevron filed taxes in Venezuela despite sanctions - Bloomberg Chevron (NYSE:CVX) filed tax returns worth $300M with the Venezuelan government last year, saying in March 2024 that its ventures owed 8.1B bolivars to the country's tax agency, Bloomberg reported Thursday.
16-Jan-2025 3:05 PM CST - Seeking Alpha Chevron shares climbed for the seventh straight session Chevron Corporation ( NYSE: CVX) shares gained for seven straight sessions, as the stock closed 0.7% higher at $159.36 on Thursday. The oilfield services company gained nearly 6% in the preceding six sessions. The stock lost 3.1% in 2024, compared to the 24% rise in the broader S&P 500 Index.
16-Jan-2025 2:00 PM CST - Zacks Chevron's Free Cash Flow Push: Will $8B Growth Justify a Hold? Chevron Corporation (CVX) aims to achieve $6-$8 billion in free cash flow growth next year, fueled by strategic initiatives and operational enhancements. Key drivers include robust expansion in the Gulf of Mexico,
16-Jan-2025 6:31 AM CST - Barchart What to Expect From Chevron's Q4 2024 Earnings Report With a market cap of $284.5 billion, San Ramon, California-based Chevron Corporation (CVX) is a leading global energy company engaged in integrated oil, gas, and chemical operations. With diverse upstream and downstream activities,
