Where Will Chevron Be in 1 Year?
Geopolitical conflict has driven oil prices higher in dramatic fashion. That is likely to lead to material revenue growth for oil companies. You can already see the impact on Wall Street, as the energy sector has been outperforming the broader market. Don't get caught up in the excitement, buy a relatively boring industry stalwart like (NYSE: CVX) instead.
Chevron operates in the upstream segment of the energy sector, producing oil and natural gas. This business will directly benefit from rising energy prices. However, it also operates in the midstream, which transports energy and produces fairly reliable cash flows. And it operates in the downstream segment, which uses oil and gas as inputs. Rising oil prices will hurt Chevron's downstream business.
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Source Fool.com
Chevron Corp. Stock
The stock is one of the favorites of our community with 50 Buy predictions and 3 Sell predictions.
As a result the target price of 167 € shows a slightly positive potential of 5.86% compared to the current price of 157.76 € for Chevron Corp..
