Chevron’s (CVX, $119.47) impressive fourth quarter report keeps it in the game
Chevron Corporation’s latest fourth quarter earnings report beat estimates as the company saw a 20% rise in EPS to $1.95, though quarterly revenue fell short of estimates -- $42.35 billion versus an estimated $46.13 billion.
The company’s net oil-equivalent production also grew more than 7% in 2018 to a record 2.93 million barrels per day.
Total earnings for 2018’s fourth quarter, including $2.02 billion in tax benefits related to U.S. tax reform, stood at $3.7 billion ($1.95 per share – diluted) compared to $3.1 billion ($1.64 per share – diluted) in the fourth quarter of 2017.
Sales and other operating revenues for the fourth quarter 2018 stood at $40 billion, compared to $36 billion in the year-ago period.
According to several analysts, the company has focused on a clear strategy to attract investors. For example, the company has resumed its share buyback program with sufficient cash and cash equivalents at its disposal - a planned rate of ~$3 billion annually for the foreseeable future. At the year-end, balances of cash, cash equivalents, time deposits and marketable securities for Chevron totaled $10.3 billion, an increase of $5.5 billion from 2017. Total debt at December's end stood at $34.5 billion, a decrease of $4.3 billion from a year earlier. This is expected to provide the company with the required financial flexibility.
Looking ahead, cash flow is expected to rise owing to improving oil prices, cost-cutting and increased production during the next five years.
Additionally, Chevron is currently following a conservative approach to capex, and it is expected that 70% of the company’s expenditure will translate into free cash flow in 2019.
CVX in downward trend: price may decline as a result of having broken its higher Bollinger Band on March 02, 2026
CVX broke above its upper Bollinger Band on March 02, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 41 similar instances where the stock broke above the upper band. In of the 41 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for CVX moved out of overbought territory on March 04, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 38 similar instances where the indicator moved out of overbought territory. In of the 38 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 71 cases where CVX's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for CVX turned negative on February 20, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CVX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CVX advanced for three days, in of 373 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 322 cases where CVX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. CVX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 47, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.013) is normal, around the industry mean (1.486). P/E Ratio (28.573) is within average values for comparable stocks, (122.696). Projected Growth (PEG Ratio) (3.730) is also within normal values, averaging (2.103). Dividend Yield (0.036) settles around the average of (0.060) among similar stocks. P/S Ratio (1.907) is also within normal values, averaging (1.108).
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General Information
a company which explores and refines oil and natural gas
Industry IntegratedOil
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