Chevron Corp Net Worth
Chevron Corp Net Worth Breakdown | CVX |
Chevron Corp Net Worth Analysis
Chevron Corp's net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Chevron Corp's financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Chevron Corp's overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Chevron Corp's net worth analysis. One common approach is to calculate Chevron Corp's market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Chevron Corp's stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Chevron Corp's net worth. This approach calculates the present value of Chevron Corp's future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Chevron Corp's cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Chevron Corp's net worth. This involves comparing Chevron Corp's financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Chevron Corp's net worth relative to its peers.
Enterprise Value |
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To determine if Chevron Corp is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Chevron Corp's net worth research are outlined below:
About 60.0% of the company shares are held by institutions such as insurance companies | |
On 10th of June 2025 Chevron Corp paid $ 1.71 per share dividend to its current shareholders | |
Latest headline from seekingalpha.com: Foreign oil companies in Venezuela still waiting for U.S. authorizations - Reuters |
Chevron Corp Quarterly Good Will |
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Chevron Corp uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Chevron Corp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Chevron Corp's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
26th of April 2024 Upcoming Quarterly Report | View | |
26th of July 2024 Next Financial Report | View | |
31st of March 2024 Next Fiscal Quarter End | View | |
7th of February 2025 Next Fiscal Year End | View | |
31st of December 2023 Last Quarter Report | View | |
31st of December 2023 Last Financial Announcement | View |
Chevron Corp Target Price Consensus
Chevron target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Chevron Corp's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
25 | Buy |
Most Chevron analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Chevron stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Chevron Corp, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationChevron Corp Target Price Projection
Chevron Corp's current and average target prices are 151.64 and 163.49, respectively. The current price of Chevron Corp is the price at which Chevron Corp is currently trading. On the other hand, Chevron Corp's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Chevron Corp Market Quote on 31st of July 2025
Target Price
Analyst Consensus On Chevron Corp Target Price
Know Chevron Corp's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Chevron Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Chevron Corp backward and forwards among themselves. Chevron Corp's institutional investor refers to the entity that pools money to purchase Chevron Corp's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Fisher Asset Management, Llc | 2025-03-31 | 20.4 M | Wells Fargo & Co | 2025-03-31 | 18 M | Franklin Resources Inc | 2025-03-31 | 17.4 M | Bank Of New York Mellon Corp | 2025-03-31 | 16.2 M | Ameriprise Financial Inc | 2025-03-31 | 16 M | Amvescap Plc. | 2025-03-31 | 15.9 M | Capital World Investors | 2025-03-31 | 14.9 M | Ubs Group Ag | 2025-03-31 | 14.2 M | State Farm Mutual Automobile Ins Co | 2025-03-31 | 13.3 M | Vanguard Group Inc | 2025-03-31 | 156.4 M | State Street Corp | 2025-03-31 | 144.4 M |
Follow Chevron Corp's market capitalization trends
The company currently falls under 'Mega-Cap' category with a total capitalization of 312.22 B.Market Cap |
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Project Chevron Corp's profitablity
Last Reported | Projected for Next Year | ||
Return On Tangible Assets | 0.07 | 0.08 | |
Return On Capital Employed | 0.13 | 0.19 | |
Return On Assets | 0.07 | 0.08 | |
Return On Equity | 0.12 | 0.15 |
When accessing Chevron Corp's net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures Chevron Corp's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Chevron Corp's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Chevron Corp's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Chevron Corp. Check Chevron Corp's Beneish M Score to see the likelihood of Chevron Corp's management manipulating its earnings.
Evaluate Chevron Corp's management efficiency
Chevron Corp has Return on Asset of 0.0523 % which means that on every $100 spent on assets, it made $0.0523 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1008 %, implying that it generated $0.1008 on every 100 dollars invested. Chevron Corp's management efficiency ratios could be used to measure how well Chevron Corp manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to rise to 0.08 in 2025. Return On Capital Employed is likely to rise to 0.19 in 2025. At this time, Chevron Corp's Return On Tangible Assets are fairly stable compared to the past year. Intangibles To Total Assets is likely to rise to 0.02 in 2025, whereas Total Assets are likely to drop slightly above 175.3 B in 2025.Last Reported | Projected for Next Year | ||
Book Value Per Share | 84.62 | 88.85 | |
Tangible Book Value Per Share | 82.09 | 86.19 | |
Enterprise Value Over EBITDA | 6.11 | 5.19 | |
Price Book Value Ratio | 1.72 | 2.15 | |
Enterprise Value Multiple | 6.11 | 5.19 | |
Price Fair Value | 1.72 | 2.15 | |
Enterprise Value | 144.1 B | 151.3 B |
The leadership approach at Chevron Corp's fosters a culture of excellence and accountability. Our analysis examines how this culture influences financial outcomes and stock valuation.
Enterprise Value Revenue 1.7846 | Revenue | Quarterly Revenue Growth (0.01) | Revenue Per Share | Return On Equity |
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Chevron Corp insiders, such as employees or executives, is commonly permitted as long as it does not rely on Chevron Corp's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Chevron Corp insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Patricia Yarrington over a year ago Sale by Patricia Yarrington of 135000 shares of Chevron Corp | ||
Zygocki Rhonda I over a year ago Exercise or conversion by Zygocki Rhonda I of 5600 shares of Chevron Corp subject to Rule 16b-3 |
Chevron Corp Corporate Filings
F3 | 30th of July 2025 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
8K | 29th of July 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 22nd of July 2025 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
27th of June 2025 Other Reports | ViewVerify |
Chevron Corp Earnings Estimation Breakdown
The calculation of Chevron Corp's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Chevron Corp is estimated to be 1.73 with the future projection ranging from a low of 1.36 to a high of 2.0335. Please be aware that this consensus of annual earnings estimates for Chevron Corp is based on EPS before non-recurring items and includes expenses related to employee stock options.Last Reported EPS
1.36 Lowest | Expected EPS | 2.03 Highest |
Chevron Corp Earnings Projection Consensus
Suppose the current estimates of Chevron Corp's value are higher than the current market price of the Chevron Corp stock. In this case, investors may conclude that Chevron Corp is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Chevron Corp's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of Analysts | Historical Accuracy | Last Reported EPS | Estimated EPS for 30th of June 2025 | Current EPS (TTM) | |
23 | 92.39% | 2.18 | 1.73 | 8.75 |
Chevron Corp Earnings per Share Projection vs Actual
Actual Earning per Share of Chevron Corp refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Chevron Corp predict the company's earnings will be in the future. The higher the earnings per share of Chevron Corp, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.Chevron Corp Estimated Months Earnings per Share
For an investor who is primarily interested in generating an income out of investing in entities such as Chevron Corp, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Chevron Corp should always be considered in relation to other companies to make a more educated investment decision.Chevron Quarterly Analyst Estimates and Surprise Metrics
Earnings surprises can significantly impact Chevron Corp's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
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2025-05-02 | 2025-03-31 | 2.15 | 2.18 | 0.03 | 1 | ||
2025-01-31 | 2024-12-31 | 2.11 | 2.06 | -0.05 | 2 | ||
2024-11-01 | 2024-09-30 | 2.42 | 2.51 | 0.09 | 3 | ||
2024-08-02 | 2024-06-30 | 3 | 2.55 | -0.45 | 15 | ||
2024-04-26 | 2024-03-31 | 2.91 | 2.93 | 0.02 | 0 | ||
2024-02-02 | 2023-12-31 | 3.22 | 3.45 | 0.23 | 7 | ||
2023-10-27 | 2023-09-30 | 3.68 | 3.05 | -0.63 | 17 | ||
2023-07-23 | 2023-06-30 | 2.98 | 3.08 | 0.1 | 3 | ||
2023-04-28 | 2023-03-31 | 3.38 | 3.55 | 0.17 | 5 | ||
2023-01-27 | 2022-12-31 | 4.3 | 4.09 | -0.21 | 4 | ||
2022-10-28 | 2022-09-30 | 4.92 | 5.56 | 0.64 | 13 | ||
2022-07-29 | 2022-06-30 | 5.03 | 5.82 | 0.79 | 15 | ||
2022-04-29 | 2022-03-31 | 3.45 | 3.36 | -0.09 | 2 | ||
2022-01-28 | 2021-12-31 | 3.12 | 2.56 | -0.56 | 17 | ||
2021-10-29 | 2021-09-30 | 2.19 | 2.96 | 0.77 | 35 | ||
2021-07-30 | 2021-06-30 | 1.6 | 1.71 | 0.11 | 6 | ||
2021-04-30 | 2021-03-31 | 0.94 | 0.9 | -0.04 | 4 | ||
2021-01-29 | 2020-12-31 | 0.09 | -0.01 | -0.1 | 111 | ||
2020-10-30 | 2020-09-30 | -0.27 | 0.11 | 0.38 | 140 | ||
2020-07-31 | 2020-06-30 | -0.92 | -1.59 | -0.67 | 72 | ||
2020-05-01 | 2020-03-31 | 0.67 | 1.29 | 0.62 | 92 | ||
2020-01-31 | 2019-12-31 | 1.46 | 1.49 | 0.03 | 2 | ||
2019-11-01 | 2019-09-30 | 1.46 | 1.55 | 0.09 | 6 | ||
2019-08-02 | 2019-06-30 | 1.82 | 1.77 | -0.05 | 2 | ||
2019-04-26 | 2019-03-31 | 1.33 | 1.47 | 0.14 | 10 | ||
2019-02-01 | 2018-12-31 | 1.89 | 1.95 | 0.06 | 3 | ||
2018-11-02 | 2018-09-30 | 2.06 | 2.44 | 0.38 | 18 | ||
2018-07-27 | 2018-06-30 | 2.09 | 1.78 | -0.31 | 14 | ||
2018-04-27 | 2018-03-31 | 1.49 | 1.9 | 0.41 | 27 | ||
2018-02-02 | 2017-12-31 | 1.24 | 0.72 | -0.52 | 41 | ||
2017-10-27 | 2017-09-30 | 0.97 | 0.85 | -0.12 | 12 | ||
2017-07-28 | 2017-06-30 | 0.87 | 0.91 | 0.04 | 4 | ||
2017-04-28 | 2017-03-31 | 0.87 | 1.23 | 0.36 | 41 | ||
2017-01-27 | 2016-12-31 | 0.64 | 0.21 | -0.43 | 67 | ||
2016-10-28 | 2016-09-30 | 0.39 | 0.49 | 0.1 | 25 | ||
2016-07-29 | 2016-06-30 | 0.32 | 0.35 | 0.03 | 9 | ||
2016-04-29 | 2016-03-31 | -0.16 | -0.11 | 0.05 | 31 | ||
2016-01-29 | 2015-12-31 | 0.51 | 0.27 | -0.24 | 47 | ||
2015-10-30 | 2015-09-30 | 0.74 | 1.09 | 0.35 | 47 | ||
2015-07-31 | 2015-06-30 | 1.16 | 0.97 | -0.19 | 16 | ||
2015-05-01 | 2015-03-31 | 0.81 | 1.37 | 0.56 | 69 | ||
2015-01-30 | 2014-12-31 | 1.65 | 1.85 | 0.2 | 12 | ||
2014-10-31 | 2014-09-30 | 2.53 | 2.95 | 0.42 | 16 | ||
2014-08-01 | 2014-06-30 | 2.67 | 2.98 | 0.31 | 11 | ||
2014-05-02 | 2014-03-31 | 2.48 | 2.36 | -0.12 | 4 | ||
2014-01-31 | 2013-12-31 | 2.58 | 2.57 | -0.01 | 0 | ||
2013-11-01 | 2013-09-30 | 2.74 | 2.57 | -0.17 | 6 | ||
2013-08-02 | 2013-06-30 | 2.98 | 2.77 | -0.21 | 7 | ||
2013-04-26 | 2013-03-31 | 3.08 | 3.18 | 0.1 | 3 | ||
2013-02-01 | 2012-12-31 | 3.05 | 2.99 | -0.06 | 1 | ||
2012-11-02 | 2012-09-30 | 2.87 | 2.37 | -0.5 | 17 | ||
2012-07-27 | 2012-06-30 | 3.24 | 3.56 | 0.32 | 9 | ||
2012-04-27 | 2012-03-31 | 3.22 | 3.17 | -0.05 | 1 | ||
2012-01-27 | 2011-12-31 | 2.92 | 2.58 | -0.34 | 11 | ||
2011-10-28 | 2011-09-30 | 3.44 | 3.92 | 0.48 | 13 | ||
2011-07-29 | 2011-06-30 | 3.56 | 3.85 | 0.29 | 8 | ||
2011-04-29 | 2011-03-31 | 2.97 | 3.09 | 0.12 | 4 | ||
2011-01-28 | 2010-12-31 | 2.43 | 2.64 | 0.21 | 8 | ||
2010-10-29 | 2010-09-30 | 2.13 | 1.87 | -0.26 | 12 | ||
2010-07-30 | 2010-06-30 | 2.46 | 2.7 | 0.24 | 9 | ||
2010-04-30 | 2010-03-31 | 1.93 | 2.36 | 0.43 | 22 | ||
2010-01-29 | 2009-12-31 | 1.7 | 1.53 | -0.17 | 10 | ||
2009-10-30 | 2009-09-30 | 1.43 | 1.72 | 0.29 | 20 | ||
2009-07-31 | 2009-06-30 | 0.96 | 0.87 | -0.09 | 9 | ||
2009-05-01 | 2009-03-31 | 0.81 | 0.72 | -0.09 | 11 | ||
2009-01-30 | 2008-12-31 | 1.82 | 2.13 | 0.31 | 17 | ||
2008-10-31 | 2008-09-30 | 3.27 | 3.85 | 0.58 | 17 | ||
2008-08-01 | 2008-06-30 | 3.02 | 2.9 | -0.12 | 3 | ||
2008-05-02 | 2008-03-31 | 2.41 | 2.48 | 0.07 | 2 | ||
2008-02-01 | 2007-12-31 | 2.3 | 2.32 | 0.02 | 0 | ||
2007-11-02 | 2007-09-30 | 2.07 | 1.94 | -0.13 | 6 | ||
2007-07-27 | 2007-06-30 | 2.3 | 2.27 | -0.03 | 1 | ||
2007-04-27 | 2007-03-31 | 1.68 | 1.86 | 0.18 | 10 | ||
2007-02-02 | 2006-12-31 | 1.73 | 1.74 | 0.01 | 0 | ||
2006-10-27 | 2006-09-30 | 2.04 | 2.29 | 0.25 | 12 | ||
2006-07-28 | 2006-06-30 | 2.17 | 2.1 | -0.07 | 3 | ||
2006-04-28 | 2006-03-31 | 1.78 | 1.8 | 0.02 | 1 | ||
2006-01-27 | 2005-12-31 | 1.89 | 1.86 | -0.03 | 1 | ||
2005-10-28 | 2005-09-30 | 1.85 | 1.64 | -0.21 | 11 | ||
2005-07-29 | 2005-06-30 | 1.65 | 1.76 | 0.11 | 6 | ||
2005-04-29 | 2005-03-31 | 1.38 | 1.28 | -0.1 | 7 | ||
2005-01-28 | 2004-12-31 | 1.38 | 1.56 | 0.18 | 13 | ||
2004-10-29 | 2004-09-30 | 1.36 | 1.28 | -0.08 | 5 | ||
2004-07-30 | 2004-06-30 | 1.35 | 1.53 | 0.18 | 13 | ||
2004-04-30 | 2004-03-31 | 1.01 | 1.21 | 0.2 | 19 | ||
2004-01-30 | 2003-12-31 | 0.78 | 0.78 | 0.0 | 0 | ||
2003-10-31 | 2003-09-30 | 0.8 | 0.92 | 0.12 | 15 | ||
2003-08-01 | 2003-06-30 | 0.76 | 0.81 | 0.05 | 6 | ||
2003-05-02 | 2003-03-31 | 0.9 | 1.01 | 0.11 | 12 | ||
2003-01-31 | 2002-12-31 | 0.64 | 0.5 | -0.14 | 21 | ||
2002-10-31 | 2002-09-30 | 0.65 | 0.59 | -0.06 | 9 | ||
2002-07-30 | 2002-06-30 | 0.69 | 0.58 | -0.11 | 15 | ||
2002-04-25 | 2002-03-31 | 0.35 | 0.44 | 0.09 | 25 | ||
2002-01-29 | 2001-12-31 | 0.44 | 0.24 | -0.2 | 45 | ||
2001-10-25 | 2001-09-30 | 0.72 | 0.8 | 0.08 | 11 | ||
2001-07-24 | 2001-06-30 | 1.03 | 1.08 | 0.05 | 4 | ||
2001-04-25 | 2001-03-31 | 1.09 | 1.25 | 0.16 | 14 | ||
2001-01-24 | 2000-12-31 | 1.1 | 1.2 | 0.1 | 9 | ||
2000-10-24 | 2000-09-30 | 0.72 | 1.26 | 0.54 | 75 | ||
2000-07-25 | 2000-06-30 | 0.86 | 0.88 | 0.02 | 2 | ||
2000-04-26 | 2000-03-31 | 0.73 | 0.85 | 0.12 | 16 | ||
2000-01-25 | 1999-12-31 | 0.61 | 0.62 | 0.01 | 1 | ||
1999-10-25 | 1999-09-30 | 0.51 | 0.54 | 0.03 | 5 | ||
1999-07-23 | 1999-06-30 | 0.35 | 0.37 | 0.02 | 5 | ||
1999-04-22 | 1999-03-31 | 0.25 | 0.22 | -0.03 | 12 | ||
1999-01-25 | 1998-12-31 | 0.25 | 0.38 | 0.13 | 52 | ||
1998-10-22 | 1998-09-30 | 0.34 | 0.35 | 0.01 | 2 | ||
1998-07-23 | 1998-06-30 | 0.38 | 0.44 | 0.06 | 15 | ||
1998-04-23 | 1998-03-31 | 0.35 | 0.34 | -0.01 | 2 | ||
1998-01-22 | 1997-12-31 | 0.49 | 0.61 | 0.12 | 24 | ||
1997-10-22 | 1997-09-30 | 0.52 | 0.56 | 0.04 | 7 | ||
1997-07-23 | 1997-06-30 | 0.54 | 0.63 | 0.09 | 16 | ||
1997-04-23 | 1997-03-31 | 0.55 | 0.62 | 0.07 | 12 | ||
1997-01-24 | 1996-12-31 | 0.49 | 0.53 | 0.04 | 8 | ||
1996-10-21 | 1996-09-30 | 0.48 | 0.5 | 0.02 | 4 | ||
1996-07-22 | 1996-06-30 | 0.5 | 0.54 | 0.04 | 8 | ||
1996-04-22 | 1996-03-31 | 0.41 | 0.47 | 0.06 | 14 | ||
1996-01-23 | 1995-12-31 | 0.32 | 0.35 | 0.03 | 9 | ||
1995-10-23 | 1995-09-30 | 0.39 | 0.39 | 0.0 | 0 |
Chevron Corp Corporate Directors
Charles Moorman | Independent Director | Profile | |
Marillyn Hewson | Independent Director | Profile | |
John Frank | Independent Director | Profile | |
Debra ReedKlages | Independent Director | Profile |
Additional 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.