CVX Forecast


Bullish Case: CVX could see a rebound as oil prices stabilize and recent diversification into renewable energy begins to pay off. Positive sentiment from strategic partnerships and recovering operations may drive investor confidence, enhancing CVX's market position.




Bearish Case: CVX risks facing continued declines due to regulatory challenges, labor disputes, and environmental concerns disrupting operations. The high implied volatility suggests market anxiety which may lead to downward price pressure and investor skepticism.




Potential Outcomes:
  • Stabilization in oil prices leading to a potential recovery in CVX - 50% chance
  • Ongoing labor disputes leading to operational disruptions - 30% chance
  • Successful resolution of regulatory challenges boosting stock prospects - 20% chance




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December 21, 2024


Chevron Forecast

CVX        Chevron











Correlated Assets

Assets that tend to move strongly with CVX



XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.86)


GTLS Forecast + Options Trading Strategies   GTLS  Chart Industries (0.71)


KRP Forecast + Options Trading Strategies   KRP  Kimbell Royalty Partners (0.71)


UAN Forecast + Options Trading Strategies   UAN  CVR Partners (0.71)


CMC Forecast + Options Trading Strategies   CMC  Commercial Metals (0.69)



Uncorrelated Assets

Assets with little price relationship to CVX



ARGT Forecast + Options Trading Strategies   ARGT  Global X Funds - Global X MSCI Argentina (-0.0)


ARES Forecast + Options Trading Strategies   ARES  Ares (-0.0)


VIST Forecast + Options Trading Strategies   VIST  Vista Oil & Gas Sab De Cv (0.0)


TRV Forecast + Options Trading Strategies   TRV  Travelers Companies (0.01)


ODFL Forecast + Options Trading Strategies   ODFL  Old Dominion Freight Line (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against CVX



EPR Forecast + Options Trading Strategies   EPR  EPR Properties (-0.59)


VXX Forecast + Options Trading Strategies   VXX  iPath Series B S&P 500 VIX Short-Term Futures (-0.61)


NOVA Forecast + Options Trading Strategies   NOVA  Sunnova Energy International (-0.63)


FXY Forecast + Options Trading Strategies   FXY  Invesco CurrencyShares Japanese Yen (-0.68)


CALX Forecast + Options Trading Strategies   CALX  Calix (-0.73)









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