CVX Forecast


Bullish Case: Chevron's high oil sensitivity and analyst upgrade pointing to macro tailwinds suggest strong performance. Guyana's arbitration win and $75/bbl oil price forecast underpin optimism.


Bearish Case: Overturning Chevron doctrine could disrupt operations. Heavy fines from environmental litigation risks and climate policy shifts may destabilize Chevron's outlook.


Potential Outcomes:

1. Bullish on positive Guyana outcome and stable oil prices (60%).

2. Bearish on litigation and policy shifts (30%).

3. Neutral if market conditions balance risks (10%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 13, 2024


Chevron Forecast

CVX        Chevron
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with CVX



SLCA Forecast + Options Trading Strategies   SLCA  U.S. Silica (0.86)


HAS Forecast + Options Trading Strategies   HAS  Hasbro (0.81)


XOM Forecast + Options Trading Strategies   XOM  Exxon Mobil (0.8)


NFG Forecast + Options Trading Strategies   NFG  National Fuel Gas (0.73)


DVN Forecast + Options Trading Strategies   DVN  Devon Energy (0.73)



Uncorrelated Stock Forecasts

Assets with little price relationship to CVX



PAGP Forecast + Options Trading Strategies   PAGP  Plains GP (0.0)


EWY Forecast + Options Trading Strategies   EWY  iShares MSCI South Korea (0.0)


BBAR Forecast + Options Trading Strategies   BBAR  BBVA Argentina (0.0)


PTON Forecast + Options Trading Strategies   PTON  Peloton Interactive (0.0)


APP Forecast + Options Trading Strategies   APP  Applovin Corp (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against CVX



YANG Forecast + Options Trading Strategies   YANG  Direxion Daily FTSE China Bear 3X Shares (-0.6)


FCN Forecast + Options Trading Strategies   FCN  FTI Consulting (-0.61)


SNAP Forecast + Options Trading Strategies   SNAP  Snapchat (-0.65)


UDMY Forecast + Options Trading Strategies   UDMY  Udemy (-0.66)


AMT Forecast + Options Trading Strategies   AMT  American Tower (-0.67)





Become a more profitable investor with AI optimized trading strategies






×

Chat with CVX


 Ask any question about CVX!