Chevron Corp Stock Current Asset
| CVX Stock | USD 157.57 1.17 0.75% |
Chevron Corp fundamentals help investors to digest information that contributes to Chevron Corp's financial success or failures. It also enables traders to predict the movement of Chevron Stock. The fundamental analysis module provides a way to measure Chevron Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Chevron Corp stock.
Non Current Assets Total is likely to drop to about 135.8 B in 2024. Other Current Assets is likely to drop to about 3.2 B in 2024. Chevron | Current Asset |
Chevron Corp Company Current Asset Analysis
Chevron Corp's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Current Chevron Corp Current Asset | 34.43 B |
Most of Chevron Corp's fundamental indicators, such as Current Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Chevron Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Chevron Current Asset Historical Pattern
Today, most investors in Chevron Corp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Chevron Corp's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Chevron Corp current asset as a starting point in their analysis.
Chevron Corp Current Asset |
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Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
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Chevron Total Assets
Total Assets |
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In accordance with the recently published financial statements, Chevron Corp has a Current Asset of 34.43 B. This is 383.36% higher than that of the Oil, Gas & Consumable Fuels sector and 51.81% lower than that of the Energy industry. The current asset for all United States stocks is significantly lower than that of the firm.
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Chevron Corp ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Chevron Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Chevron Corp's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Chevron Fundamentals
| Return On Equity | 0.13 | ||||
| Return On Asset | 0.0649 | ||||
| Profit Margin | 0.11 % | ||||
| Operating Margin | 0.11 % | ||||
| Current Valuation | 311.47 B | ||||
| Shares Outstanding | 1.85 B | ||||
| Shares Owned By Insiders | 6.80 % | ||||
| Shares Owned By Institutions | 66.88 % | ||||
| Number Of Shares Shorted | 49.67 M | ||||
| Price To Earning | 10.45 X | ||||
| Price To Book | 1.82 X | ||||
| Price To Sales | 1.51 X | ||||
| Revenue | 200.95 B | ||||
| Gross Profit | 98.89 B | ||||
| EBITDA | 47.38 B | ||||
| Net Income | 21.41 B | ||||
| Cash And Equivalents | 17.68 B | ||||
| Cash Per Share | 7.98 X | ||||
| Total Debt | 26.07 B | ||||
| Debt To Equity | 0.15 % | ||||
| Current Ratio | 1.40 X | ||||
| Book Value Per Share | 86.27 X | ||||
| Cash Flow From Operations | 35.61 B | ||||
| Short Ratio | 5.71 X | ||||
| Earnings Per Share | 11.35 X | ||||
| Price To Earnings To Growth | 4.51 X | ||||
| Target Price | 169.57 | ||||
| Number Of Employees | 45.6 K | ||||
| Beta | 1.13 | ||||
| Market Capitalization | 290.9 B | ||||
| Total Asset | 261.63 B | ||||
| Retained Earnings | 200.03 B | ||||
| Working Capital | 8.87 B | ||||
| Current Asset | 34.43 B | ||||
| Current Liabilities | 25.47 B | ||||
| Annual Yield | 0.04 % | ||||
| Five Year Return | 4.42 % | ||||
| Net Asset | 261.63 B | ||||
| Last Dividend Paid | 6.04 |
About Chevron Corp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Chevron Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Chevron Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Chevron Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Chevron Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Chevron Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Chevron Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Chevron Stock
| 0.88 | BP | BP PLC ADR Financial Report 7th of May 2024 | PairCorr |
| 0.85 | SU | Suncor Energy Financial Report 13th of May 2024 | PairCorr |
Moving against Chevron Stock
| 0.71 | EP | Empire Petroleum Corp Downward Rally | PairCorr |
The ability to find closely correlated positions to Chevron Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chevron Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Chevron Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Chevron Corp to buy it.
The correlation of Chevron Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Chevron Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chevron Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Chevron Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Chevron Corp Piotroski F Score and Chevron Corp Altman Z Score analysis. For more information on how to buy Chevron Stock please use our How to Invest in Chevron Corp guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Chevron Stock analysis
When running Chevron Corp's price analysis, check to measure Chevron Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chevron Corp is operating at the current time. Most of Chevron Corp's value examination focuses on studying past and present price action to predict the probability of Chevron Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chevron Corp's price. Additionally, you may evaluate how the addition of Chevron Corp to your portfolios can decrease your overall portfolio volatility.
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Is Chevron Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Chevron Corp. If investors know Chevron will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Chevron Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.64) | Dividend Share 6.04 | Earnings Share 11.35 | Revenue Per Share 104.004 | Quarterly Revenue Growth (0.15) |
The market value of Chevron Corp is measured differently than its book value, which is the value of Chevron that is recorded on the company's balance sheet. Investors also form their own opinion of Chevron Corp's value that differs from its market value or its book value, called intrinsic value, which is Chevron Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Chevron Corp's market value can be influenced by many factors that don't directly affect Chevron Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Chevron Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chevron Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chevron Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.