Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Chevron Corporation before investing.

In this article, we go over a few key elements for understanding Chevron Corporation’s stock price such as:

• Chevron Corporation’s current stock price and volume
• Why Chevron Corporation’s stock price changed recently
• Upgrades and downgrades for CVX from analysts
• CVX’s stock price momentum as measured by its relative strength

About Chevron Corporation (CVX)

Before we jump into Chevron Corporation’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

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. Its Upstream operations consist 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 international oil export pipelines; processing, transporting, storage and marketing of natural gas, and a gas-to-liquids plant. Its Downstream segment is engaged in refining crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels, and others. Its projects include Gorgon, Wheatstone, Jack/St. Malo, Tengiz Expansion, Big Foot, Permian Basin and Angola LNG. It also has approximately 275,000 net acres in the Denver-Julesburg (DJ) Basin.

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Chevron Corporation’s Stock Price as of Market Close

As of October 27, 2023, 4:02 PM, CST, Chevron Corporation’s stock price was $144.35.

Chevron Corporation is down 6.72% from its previous closing price of $154.75.

During the last market session, Chevron Corporation’s stock traded between $153.63 and $155.18. Currently, there are 1,867.17 million shares of Chevron Corporation stock available for purchase.

Chevron Corporation’s price-earnings (P/E) ratio is currently at 9.8, which is high compared to the Oil & Gas - Exploration and Production industry median of 6.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Chevron Corporation Stock Price History

Chevron Corporation’s (CVX) price is currently down 14.39% so far this month.

During the month of October, Chevron Corporation’s stock price has reached a high of $170.17 and a low of $143.96.

Over the last year, Chevron Corporation has hit prices as high as $189.68 and as low as $149.74. Year to date, Chevron Corporation’s stock is up 23.01%.

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What Caused Chevron Corporation Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of October 26, 2023, there were 2 analysts who downgraded Chevron Corporation’s stock and 14 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Chevron Corporation’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Chevron Corporation’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Chevron Corporation’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Chevron Corporation (CVX) by visiting AAII Stock Evaluator.

Relative Price Strength of Chevron Corporation

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of October 26, 2023, Chevron Corporation has a weighted four-quarter relative price strength of -2.97%, which translates to a Momentum Score of 55 and is considered to be Average.

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Chevron Corporation Stock Price: Bottom Line

As of October 27, 2023, Chevron Corporation’s stock price is $144.35, which is down 6.72% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Chevron Corporation stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.