Chevron traded at $190.38 this Tuesday August 4th, decreasing $2.80 or 1.45 percent since the previous trading session. Looking back, over the last four weeks, Chevron lost 13.25 percent. Over the last 12 months, its price rose by 24.40 percent. Looking ahead, we forecast Chevron to be priced at 192.66 by the end of this quarter and at 180.66 in one year, according to Trading Economics global macro models projections and analysts expectations.
Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream. Upstream operations consist primarily of exploring for, developing and producing crude oil and natural gas; processing, liquefaction, transportation and regasification associated with liquefied natural gas; transporting crude oil by international oil export pipelines; processing, transporting, storage and marketing of natural gas, and a gas-to-liquids plant. Downstream operations consist primarily of refining of crude oil into petroleum products; marketing of crude oil, refined products and lubricants; transporting of crude oil and refined products, and manufacturing and marketing of commodity petrochemicals.