Chevron engages in the petroleum, chemicals, and power and energy operations worldwide. The company operates in two segments, Upstream and Downstream. The company was founded in 1879 and is based in San Ramon, California.
CVX Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for CVX, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Chevron Corp ranked in the 62th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 100%. In terms of the factors that were most noteworthy in this DCF analysis for CVX, they are:
Chevron Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -14.13. This coverage rate is greater than that of just 7.08% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Relative to other stocks in its sector (Energy), Chevron Corp has a reliance on debt greater than just 16.59% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
HFC, NEBLQ, TNK, DHT, and GEOS can be thought of as valuation peers to CVX, in the sense that they are in the Energy sector and have a similar price forecast based on DCF valuation.
Chevron ([[CVX]] -0.8%) says it has resumed arbitration proceedings with Thailand's government to try to resolve a dispute over who should pay for removing offshore assets in the Erawan gas field.The move comes a year after Chevron suspended the legal process to allow more time for talks with Thailand's energy...
U.S. energy major Chevron Corp has resumed arbitration proceedings with Thailand to resolve a dispute over who should pay for removing offshore oil and gas platforms in the Erawan gas field, the company told Reuters on Friday.
Noble Energy shareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp, making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves close to growing markets. The all-stock deal values Noble Energy at around $4.1 billion, excluding $8 billion in debt, and the vote cements the first big energy deal since the coronavirus crushed global fuel demand.