Chevron Corporation (#CVX) Stock Price, Live Chart & Analysis | Trade #CVX

Interesting facts about the #CVX (Chevron Corporation)

As of 2019, Chevron Corporation has issued almost 2 billion shares worth about $222 billion. About 66% of the company's securities belong to institutional investors. During CFD trading, a trader needs to identify the main holders of assets and monitor how they dispose of their shares. Vanguard Group Inc., Blackrock Inc., and State Street Corporation are the largest investors. If any of them decide to sell their shares, the #CVX price could go down.

Financial data are also important for making a detailed forecast. Like any company, Chevron Corporation issues quarterly reports that provide information on key indicators. The data from 2017 to 2021 shows that the company's revenue did not grow steadily. In 2017, it amounted to $142 billion. A year later, it rose to $166 billion. In 2019, it fell to $147 billion and continued to fall in 2020 to $95 billion. The company's net loss that year was $6 billion. However, in 2021, Chevron Corporation managed to turn a profit and earn $16 billion.

It is also worth paying attention to the competitors of Chevron Corporation, e.g., Total S.A., Royal Dutch Shell, British Petroleum, ExxonMobil, ConocoPhillips Inc., and Eni S.p.A. It is important to note that information about other companies' performance reflects the industry's state. If customers start to switch to competitors, this will indicate the problems of Chevron Corporation. Decreased production and sales volumes could negatively impact the share price.

Like any large corporation, Chevron often gets involved in scandals and lawsuits mainly concerning violations of environmental requirements and laws. One of the most high-profile cases occurred in 1993 in Ecuador. According to the plaintiffs, a subsidiary of Chevron Corporation, Texaco, dumped several thousand tons of toxic waste in the Amazon rainforest region. The company spent $40 million to eliminate the consequences. However, the examination showed that the measures taken were insufficient, after which Chevron Corporation received a $28 billion class action lawsuit from local residents. The Ecuadorian court set the amount of the penalty equal to $19 billion, but the decision was canceled due to violations.