Chevron Corporation (CVX)

Over the past six months, Chevron's stock has experienced volatility. Key events include Q1 and Q2 2025 earnings reports, the acquisition of Hess Corporation in July 2025, exploration of the sale of pipeline assets, OPEC+ production cuts, and stock price fluctuations. The Q1 earnings report showed a decline due to lower oil prices, while Q2 revenues fell short of forecasts despite record oil and gas production. The Hess acquisition is expected to enhance Chevron's resource base. Chevron is considering selling pipeline assets to optimize its portfolio. OPEC+ production cuts could impact crude oil prices. CVX stock has recently fallen but shown a slight increase over the last year.

Demand for Chevron's products, particularly crude oil and natural gas, exhibits seasonality. Oil demand tends to peak in early April and early July, declining until the end of August, then rallying into September and October, with the weakest period after October. A colder-than-average winter is expected in the U.S., potentially leading to strong natural gas demand and benefiting Chevron's profits. The United States entering a period of seasonal refinery demand can impact crude oil.

Chevron Corporation is a multinational energy corporation specializing in oil and gas, recognized as a leading integrated energy company and the second-largest oil company in the United States. It operates across upstream, downstream, chemicals, and power generation sectors. The upstream segment involves exploration, development, and production of crude oil and natural gas. The downstream segment focuses on refining crude oil into petroleum products and manufacturing lubricants and additives. Chevron also invests in lower-carbon initiatives, including renewable fuels, hydrogen, and carbon capture.

Chevron has a vast global presence with operations in North America, South America, Europe, Africa, Asia, Australia, and the Middle East. It operates refineries in the U.S. and Asia, with a total refining capacity of 1.8 million barrels per day. The company markets fuels and lubricants through approximately 19,550 retail sites in 84 countries.

Chevron emphasizes its commitment to environmental challenges and meeting global energy demands. It is investing in lower-carbon initiatives, aiming for net-zero emissions by 2050 and allocating $10 billion through 2028 to renewable fuels, hydrogen, and carbon capture. The acquisition of Renewable Energy Group (REG) has made Chevron a major producer of biofuels in the U.S., potentially enhancing its reputation regarding sustainability.

Chevron Corporation's ownership is a mix of institutional, retail, and individual investors. Approximately 58.12% of the company's stock is owned by Institutional Investors, 0.48% by Insiders, and 41.41% by Public Companies and Individual Investors. Major institutional owners include Vanguard Group Inc., State Street Corp., and Berkshire Hathaway Inc. Vanguard owns the most shares of Chevron Corp.