Chevron Is Quietly Transforming Into a New Company
Shares of Chevron (NYSE: CVX) took a considerable hit when the company recently announced earnings. The loss came from production numbers that were lower than the prior quarter.
While Wall Street seems to be focused on this particular aspect of the earnings report, there is something else going on that may concern longer-term-minded investors. Here's a look at what the company has been up to and why investors will want to review their thesis in this stock.
Image source: Getty Images.
Source: Fool.com
Chevron Corp. Stock
€149.74
-0.910%
The stock is an absolute favorite of our community with 25 Buy predictions and no Sell predictions.
As a result the target price of 179 € shows a slightly positive potential of 19.54% compared to the current price of 149.74 € for Chevron Corp..
