This blog post will analyze Chevron stock price prediction for 2023 to 2060 based on technical and fundamental analysis of Chevron stock price history.
Let us discuss the future price forecast of CVX stock and its performance analysis for the coming years.
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What is Chevron Corporation?
Chevron Corporation, initially known as Standard Oil Company of California, is an American-based multinational energy corporation that operates in the oil and gas fields.
Operating in more than 180 countries, Chevron is based out of San Ramon, California.
Apart from the oil and gas segment, Chevron also operates in various vertical segments such as hydrocarbon exploration, production, refining, marketing and transportation, chemicals manufacturing and sales, and power generation.
Chevron was founded in 1870 as a small-scale oil company based in California and later merged with Standard Oil of California.
After a few years, this merger collapsed, and Chevron began operating along with a model of partnerships and acquisitions; Chevron began its growing journey.
At present, Chevron has a strong hold on the manufacturing and selling of fuels, lubricants, additives, and petrochemicals across the world.
With daily oil production of 791,000 barrels per day in 2018, Chevron became one of the largest companies in the United States by revenue and the second largest oil company.
Financial Overview of CVX Stock
| parameters name | value/price |
|---|---|
| current stock price | 166.20 |
| Chevron Corporation ticker symbol | CVX |
| market cap | $317.04B |
| enterprise value | $328.95B |
| Price/Sales (TTM) | 1.49 |
| enterprise value/revenue | 1.54 |
| Price/Book (MRQ) | 2.01 |
| Enterprise Value/EBITDA | 6.38 |
| 52 weeks low/high | $140.46/$189.68 |
| 50/200-day moving average | $159.08/$164.87 |
| 52-week change | 6.85% |
| official website | Chevron Corporation |
Chevron Stock Price Prediction 2023 to 2060
| CVX Stock Price Prediction Year | minimum stock price | maximum stock price |
|---|---|---|
| 2023 | $142.25 | $175.58 |
| 2024 | $168.27 | $193.13 |
| 2025 | $189.77 | $214.45 |
| 2026 | $201.50 | $233.70 |
| 2027 | $214.00 | $257.08 |
| 2028 | $237.65 | $285.40 |
| 2029 | $287.21 | $311.65 |
| 2030 | $322.40 | $367.21 |
| 2035 | $475.13 | $504.85 |
| 2040 | $588.18 | $615.46 |
| 2045 | $690.08 | $747.93 |
| 2050 | $820.82 | $891.56 |
| 2055 | $941.02 | $1045.17 |
| 2060 | $175.25 | $1275.80 |
Chevron Stock Price Prediction 2023
Currently, Chevron’s share price has seen a decline of approximately 20% from its high of $187 due to the growing influence of the EV market.
But at present CVX stock is seeing a very slow growth.
However, some experts are predicting that the CVX stock price could sustain a decline of about 12% in the coming months.
In this scenario, Chevron’s stock price could reach the minimum estimated value of $142.25 and form a new resistance at $165.
If CVX stock price does not decline this much, a maximum price of $175.58 can be expected by the end of this year.
| CVX Stock Price Prediction Year | minimum stock price | maximum stock price |
|---|---|---|
| 2023 | $142.25 | $175.58 |
Chevron Stock Price Prediction 2024
| CVX Stock Price Prediction Year | minimum stock price | maximum stock price |
|---|---|---|
| 2024 | $168.27 | $193.13 |
Chevron Stock Price Prediction 2025
During this period, a bullish pattern can be expected in the CVX stock price.
According to the opinion of stock market analysts, the possibility of a recession in the market will almost be eliminated, which will increase the interest of investors in established companies.
According to the analysis, CVX stock will surpass the price of $200 and reach a high of $214.45, with a low of $189.77 expected in 2025.
| CVX Stock Price Prediction Year | minimum stock price | maximum stock price |
|---|---|---|
| 2025 | $189.77 | $214.45 |
Chevron Stock Price Prediction 2030
Over the past few years, Chevron Corporation has primarily focused on reducing total current debt by increasing revenues and the results have been positive.
If we talk about Chevron’s stock price forecast for 2030, its price will reach a maximum of $367.21, and if it declines, it will reach a minimum of $322.40.
| CVX Stock Price Prediction Year | minimum stock price | maximum stock price |
|---|---|---|
| 2030 | $322.40 | $367.21 |
Chevron Stock Price Prediction 2040
Chevron Corporation is the oldest company and its foundation is very strong.
In addition, Chevron also provides annual dividends to its investors, which became the first reason for investment.
From a long-term investment perspective, Chevron Corporation stock is one of the best stocks that has the potential to provide good ROI.
According to our analysis, CVX stock will trade in the minimum and maximum range of $588.18 to $615.46 in 2040, which may influence the market trend.
| CVX Stock Price Prediction Year | minimum stock price | maximum stock price |
|---|---|---|
| 2040 | $588.18 | $615.46 |
Chevron Stock Price Prediction 2050
| CVX Stock Price Prediction Year | minimum stock price | maximum stock price |
|---|---|---|
| 2050 | $820.82 | $891.56 |
Chevron Stock Price Prediction 2060
| CVX Stock Price Prediction Year | minimum stock price | maximum stock price |
|---|---|---|
| 2060 | $175.25 | $1275.80 |
FAQ’s
What is the market cap of Chevron Corp?
The current market cap of Chevron Corporation is $317.86 billion.
What is the Chevron Corp Dividend Yield?
Currently, Chevron offers a 3.73% dividend yield to its investors.
Can CVX Stock Reach $500?
Yes, in 2035, the stock price of Chevron stock will easily reach $500.
What is the prediction for Chevron’s stock price after five years?
According to our analysis, Chevron’s stock price can reach a maximum estimated price of $285.40 after five years with a minimum estimated price of $237.65.
last words
In this blog post, “Chevron Stock Price Prediction from 2023 to 2060,” we have attempted to forecast its stock price for each required upcoming year.
Over the past three months, the CVX stock price has increased by about 10% with some fluctuations, which is an acceptable increase.
This number is likely to increase in the coming year due to the continued growing demand for Chevron products in the energy sector.
In the present-day scenario, most of the financial experts have positive and bullish sentiments about this company.
According to our analysis, after tracking the history of its stock, the company is more likely to grow its revenue as well as net profit in the coming times.
If you are thinking of investing in CVX stock, read the opinions of authorized stock experts and make an appropriate decision about investing in this stock.
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