Chevron Corp Stock Price (CVX)

What is Chevron stock?

Chevron Corporation stock allows investors and traders exposure to a global gas and oil company that's operated successfully, in various forms, since 1876. It's headquartered in the US state of California and listed on the New York Stock Exchange under the ticker symbol CVX.

The company's origins trace back to 1876 when the Star Oil company struck oil in Los Angeles and fuelled California's oil industry. It was acquired by the Pacific Coast Oil Co. in 1879 and then the Standard Oil Co. in 1900, becoming a dominant player in the local market and beyond in the following decades.

The name Chevron began appearing on some products in the 1930s, yet it wasn't until 1984 that the firm legally became the Chevron Corporation after merging with Gulf Oil. It's completed several more high-profile acquisitions and mergers since to evolve into one of the largest oil companies in the world. It operates globally through two primary arms, in short:

• Upstream: Exploring and producing crude oil and gas.
• Downstream: Refining, transporting and marketing crude oil and gas.

While society's demand for Chevron's core products isn't going away, climate change is demanding new solutions. The company has recently begun focusing on delivering "lower carbon energy to a growing world", helping maintain confidence in CVX stock.

How has the Chevron share price performed?

Chevron shares debuted on the New York Stock Exchange in 1921 and have grown in line with the oil and gas industry, experiencing significant appreciation as well as periods of volatility.

In recent history, the stock rallied at the turn of the millennium, benefitting from the fallout of the Gulf War to eventually break above $100 in mid-2008. That year's global financial crisis hurt the oil sector and drove the Chevron stock price back to around $60, but it wasn't too long before it rebounded to a then-high of circa $135 in 2014.

The stock remained resilient in the face of a long-term suppression of oil prices, eventually falling below $100 again when the COVID-19 pandemic caused a dip in oil demand. It recovered again through 2022, however, to hit an all-time high of $182.59 in late January 2023.

What affects the Chevron stock price?

Like all company stocks, the Chevron Corporation share price may be influenced by several factors affecting supply and demand at any given time. While you can never fully predict its price movements, monitoring these fundamentals may help you gauge its direction:

• Earnings reports: Chevron shares periodic financial results publicly to give investors transparent performance insights. Key points such as segmented earnings, shareholder distributions and new forecasts can drive the stock's price, with positive numbers usually pushing it higher and vice versa.
• Economic conditions: Chevron is heavily affected by global demand for its energy products. A growing economy and population typically drive increased demand, particularly for new construction projects, while contractions can result in energy usage dropping. Any major, longer-term trends will impact Chevron's price per share, as seen from the widespread shutdowns at the outbreak of the COVID-19 pandemic.
• Legal updates: Energy legislation and taxation are closely monitored and often reviewed as governments seek to control energy consumption and distribution. Important updates in key markets can impact Chevron's bottom line and, consequently, the market sentiment.
• Tariffs and trade agreements: Similarly, with ongoing operations in countless countries, changes to tariffs and trade agreements may also boost or hurt key financials and the Chevron share price.
• Negative PR: The energy industry can be volatile and often unpopular, leading to negative press and several high-profile lawsuits throughout history. Events such as oil spills can trigger negative sentiment from the public and investors who could punish the stock in return.

How to trade or invest in Chevron stock

Buying Chevron Corp stock directly

You can buy Chevron shares directly through our platform to take ownership of the stock. You'll have the flexibility to hold it in the long term or sell it when you choose, making a profit if the price has risen. Simply create your Tradu account, add capital to invest with and then choose how many shares you want to buy.

Compared to derivatives, this method suits a longer-term approach that's less reactive – and vulnerable – to short-term volatility. You won't have the option to access leverage to amplify your exposure, however.

Trading with derivatives

For a shorter-term approach, you can use CFDs to gain exposure to the stock without taking ownership of it.
CFDs are financial derivatives that allow you to speculate on and profit from price movements in both directions. They're leveraged products that enable you to take larger positions from smaller deposits, increasing your profits or losses while freeing up capital for other positions.

CFDs are contracts in which you agree to exchange the difference between the opening and closing price of a security such as Chevron Corporation stock.

CFD trading guide
Leverage trading guide

Pros and cons of Chevron stock

Pros of Chevron stock

• Market leader: Chevron is considered part of 'Big Oil', a group of the six or seven largest publicly traded oil and gas companies, boasting high economic power and political influence. Its global footprint, diverse activities and relative resiliency make Chevron Corp stock a premium security for your portfolio.
• News coverage: The firm and sector's high profile ensures frequent and widespread news reports, supporting your fundamental analysis.
• Liquidity: Similarly, Chevron's long-standing fame and success give the stock good liquidity, with typically high numbers of buyers and sellers in the market to facilitate efficient trading.
• Trade and investment options: Whether you see it as a long-term hold or a short-term opportunity, you've got the flexibility to buy Chevron shares directly or trade on the security's price movements.

Cons of Chevron stock

• Price volatility: All financial markets have the potential for volatility and Chevron stock is no different. Robust analysis can help you forecast market sentiment but influencing factors and price movements are never totally predictable, and this risk doesn't suit everyone.
• Leverage risk with derivatives: Trading Chevron stock with leveraged CFDs has the potential to quickly increase your profits and losses alike. Make sure to fully understand how it works, only use ratios you're comfortable with and manage risk

How to start trading or investing in Chevron stock with Tradu

1. Open your Tradu account. Set yourself up easily online then add funds to your account for trading or investing.
2. Set your trading strategy. Decide your targets and approach based on your trading timeframe, available capital, risk tolerance and preferred markets.
3. Study Chevron Corporation stock. Drill into what drives its price movements and analyse its prospects with in-depth fundamental and technical
4. Take and manage your first position. Buy the stock directly or trade on its price movements with CFDs. Craft your position then call when to open and close based on your analysis of the market conditions.
5. Diversify your portfolio. Spread your capital and risk across other stocks and asset classes seamlessly from the same account. Our markets and learning resources empower you to expand your horizons.