Chevron Corporation (CVX)

Chevron's stock performance was influenced by several key events. In Q1 2025, Chevron reported earnings that surpassed analyst estimates, but quarterly revenue fell short, leading to a stock price drop. Worldwide net oil and gas production remained stable. Organic capital expenditures were the lowest in two years, and the 2025 CapEx budget was reduced. The company returned $6.9 billion to shareholders through dividends and buybacks. The ongoing acquisition of Hess Corp. continued to be a factor. Crude prices rallied in June 2025, positively impacting Chevron's stock. Chevron confirmed it would resume the Jalalabad Compression Project in Bangladesh. Chevron entered the U.S. lithium market through land deals.

Demand for Chevron's products exhibits seasonal patterns. In winter, there is increased demand for heating oil and natural gas. In spring, gasoline demand rises as refineries prepare for the summer driving season. In summer, gasoline demand peaks due to increased travel. In autumn, gasoline demand decreases, while demand for distillate fuels increases. These seasonal shifts can create temporary imbalances in supply and demand, influencing commodity prices.

Chevron Corp. is a multinational energy corporation focused on oil and gas, operating across a vertically integrated value chain. The company is involved in hydrocarbon exploration, production, refining, marketing, and transportation, as well as chemicals manufacturing and sales, and power generation. Chevron's major products include crude oil, natural gas, natural gas liquids, gasoline, diesel, jet fuel, lubricants, additives, and petrochemicals. The company also produces asphalt, road oil, and fuel ethanol. Beyond traditional fossil fuels, Chevron is actively involved in renewable energy projects, carbon capture and storage technologies, and advancements in cleaner fossil fuel extraction methods.

Chevron maintains a vast global presence, operating in over 180 countries across North America, South America, Europe, Africa, the Middle East, Central and Far East Asia, and Australia. In the United States, Chevron's primary exploration and production activities are concentrated in California, Colorado, New Mexico, and Texas. Internationally, Chevron's Eurasia-Pacific operations are significant in the United Kingdom, Southeast Asia, Kazakhstan, Australia, Bangladesh, and greater China. In South America, it has a presence in Brazil and Colombia. Africa includes operations in Nigeria, Angola, Egypt, the Republic of Congo, and Liberia. In the Middle East, Chevron operates in Iraq and Kuwait. Its Asian footprint extends to Azerbaijan, Cambodia, China, Hong Kong, Indonesia, Kazakhstan, Malaysia, the Philippines, Singapore, South Korea, and Thailand. In Europe, operations are found in the UK and Denmark. Chevron also has activities in Canada.

Chevron's brand reputation has been influenced by environmental controversies, legal developments, and corporate social responsibility efforts. The company faces allegations related to environmental damage in the Ecuadorian Amazon and climate disinformation lawsuits. The overturning of "Chevron deference" could lead to more legal challenges. Chevron emphasizes its commitment to addressing environmental challenges through investments in renewable energy and cleaner fossil fuel methods. The company has made donations for hurricane and wildfire relief and has been recognized for its commitment to LGBTQ+ workplace inclusion.

Chevron Corp. has a diverse ownership structure, with a significant portion held by institutional investors. The largest institutional shareholders include Vanguard Group Inc., State Street Corp, BlackRock, Inc., and Berkshire Hathaway Inc. Institutional investors collectively own approximately 62.18% of the company's stock. The largest individual shareholder is CEO Michael K. Wirth, followed by Pierre R. Breber and Mark A. Nelson.