This blog post will analyze the Chevron Stock Price Prediction for 2023 to 2060 based on a technical and fundamental analysis of the Chevron stock price history.
Let’s discuss the future price forecast of CVX Stock and its performance analysis for the coming years.
What is Chevron Corporation?
Chevron Corporation, initially known as Standard Oil Company of California, is an American-based multinational energy corporation working in the oil and gas segments.
Actively working in more than 180 countries, Chevron is operated from San Ramon, California.
Apart from the oil and gas segment, Chevron also works in different verticle segments such as hydrocarbon exploration, production, refining, marketing and transport, chemicals manufacturing and sales, and power generation.
Chevron was founded in 1870 as a small-scale California-based oil company and later merged with Standard Oil of California.
After a few years, this merger collapsed, and Chevron started working alone with a model of partnership and acquisition; Chevron started its growing journey.
At the present time, Chevron has a strong grip on manufacturing and selling fuels, lubricants, additives, and petrochemicals all over the world.
With a daily oil production of 791000 barrels per day in 2018, Chevron became one of the largest companies and 2nd largest oil company in the USA by revenue.
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 Week 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, the stock price of Chevron shows a decline of almost 20% from its highest of $187 due to the increasing influence of the EV market.
But in the current time, CVX stock has shown a growing pattern at a very slow rate.
However, some experts predicted that CVX stock price may sustained and make a downfall of almost 12% in upcoming months.
In this scenario, the stock price of Chevron may reach the lowest forecasted price of $142.25 and make a new resistance at $165.
If this downfall does not come in CVX stock price, then a maximum of $175.58 forecasted price 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 of time, a bullish pattern can be expected in CVX stock price.
As per stock market analysts’ opinion, the market will almost clear the recession possibility, which enhances the investor’s interest in established companies.
As per analysis, CVX stock will cross the $200 price and reach the highest of $214.45, with an expected lowest price of $189.77 in 2025.
| CVX Stock Price Prediction Year | Minimum Stock Price | Maximum Stock Price |
|---|---|---|
| 2025 | $189.77 | $214.45 |
Chevron Stock Price Prediction 2030
For the last few years, Chevron Corporation has mainly focused on reducing the total ongoing debt by increasing revenue, and its results are positive.
If we talk about Chevron’s stock price prediction for 2030, then 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 has very strong fundamentals.
Apart from this, Chevron has also provided yearly 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 have the potential to provide a good ROI.
As per our analysis, CVX stock will traded in the minimum and maximum range of $588.18 to $615.46 in 2040, which may influence the market trends.
| 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
What is the market cap of Chevron Corp?
The current market cap of Chevron Corporation is $317.86 billion.
What is 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 Chevron’s stock price prediction after five years?
As per our analysis, the stock price of Chevron may reach the maximum forecasted price of $285.40 with the lowest forecasted price of $237.65 after five years.
Final Words
In this blog post, “Chevron stock price prediction from 2023 to 2060,” we have tried to forecast its stock price for every essential upcoming year.
In the last three months, CVX stock price gained almost a 10% increment with some ups and downs, which is an acceptable growth.
In the coming year, there are high chances of increasing this number due to continuously increasing Chevron product demand in energy sectors.
In the current time scenario, most financial experts have positive and growthable sentiments about this company.
As per our analysis, after tracking its stock’s past history, there is a high chance to grow the company’s revenue as well as its net profit in the coming time.
If you are thinking of investing in CVX stock, read the authorized stock experts’ opinions and make a suitable decision about investing in this stock.
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