Rose

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>NYSE: CVX stock seems to be declining since the beginning of 2023, till press time, its $7.30 trading price.&nbsp;</a> </li> 
 <li> <span>2</span> <a>At the time of publication, CVX stock was trading above 20, 50, 100, and 200-day EMA.&nbsp;</a> </li> 
 <li> <span>3</span> <a>Chevron Corporation surpassed the estimated revenue and reported over 8% more than estimated.&nbsp;</a> </li> 
</ul> 
<p>CVX stock lost $7.30 of its trading price since the beginning of 2023, On January 3, 2023, it was trading at $173.99, and at the time of publication, Chevron Corporation stock was trading at $166.66.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-cvx-stock-price-analysis-strong"><strong>CVX Stock Price Analysis&nbsp;</strong></h2> 
<p>On September 5, CVX stock price opened $2.55 above its previous closing price. In the 52-week time frame, the highest trading price of CVX share price was $189.68 and its lowest trading price was $140.46.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="522" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-45-1024x522.png" alt="Chevron Corp: Bulls Try to Defend CVX Stock; Prices Rose 3.88%&nbsp;" class="wp-image-165038" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-45-1024x522.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-45-300x153.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-45-768x392.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-45-750x383.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-45.png 1080w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: CVX stock price chart from <a href="https://www.tradingview.com/x/UecykThz/" rel="noopener noreferrer nofollow">TradingView&nbsp;</a> 
  </figcaption> 
 </figure> 
</div> 
<p>At the time of publication, CVX stock was trading above 20, 50, 100, and 200-day exponential moving averages. In the weekly time frame, a surge of 3.72% was seen in the Chevron stock trading price and its prices rose 3.88% in a month.&nbsp;</p> 
<p>The RSI indicator shows that the trend line is heading towards the overbought zone which indicates that more buying is possible in the coming session. The histogram reflects that buyers are slowly trying to accumulate above the line.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full"> 
  <img decoding="async" loading="lazy" width="977" height="551" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-46.png" alt="Chevron Corp: Bulls Try to Defend CVX Stock; Prices Rose 3.88%&nbsp;" class="wp-image-165039" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-46.png 977w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-46-300x169.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-46-768x433.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-46-750x423.png 750w" sizes="(max-width: 977px) 100vw, 977px"> 
  <figcaption class="wp-element-caption">
    Source: Chevron Corp stock price chart from <a href="https://www.tradingview.com/x/FNx8rdqY/" rel="noopener noreferrer nofollow">TradingView&nbsp;</a> 
  </figcaption> 
 </figure> 
</div> 
<p>If buyers continued their dominance over sellers then there are chances that an impressive surge might be seen. The nearest to be achieved is $168.94 and the following resistance of $172.38.&nbsp;</p> 
<p>In a different scenario if sellers succeed in hindering the buyers’ path then a chance might arise that CVX stock price might slip. The nearest support visible is $161.25 and the next support of $160.95.&nbsp;</p> 
<p>Chevron Corp. engages in the provision of administrative, financial management, and technology support for energy and chemical operations. It operates through the Upstream and Downstream segments.</p> 
<h3 class="wp-block-heading" id="strong-chevron-corporation-financial-updates-strong"><strong>Chevron Corporation Financial Updates&nbsp;&nbsp;</strong></h3> 
<p>On August 28, 2023, <a href="https://www.thecoinrepublic.com/2023/08/26/chevron-corp-nyse-cvx-hovers-near-160-will-it-capture-200/" rel="noopener noreferrer nofollow">Chevron Corporation</a> released its second-quarter earnings and revenue. The company has surpassed the estimated revenue and reported over 8% more revenue than estimated.&nbsp;</p> 
<p>The estimated EPS of the company was positive 2.91 however the reported EPS was positive 3.08. The company is yet to release its third revenue and as per analysts, it might report $47.61 Billion in revenue.&nbsp;</p> 
<p>According to TradingView 1.907 Billion CVX shares are free-floating and the remaining 0.03% shares are closely held either by financial backers of the company or the board of members.&nbsp;</p> 
<p>In the long term, total assets of the company are $207.37 Billion and the liabilities are $63.26 Billion. The dividend per share in 2022 was $5.68 and the dividend yield percent was 3.16.&nbsp;&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels&nbsp;</strong></h4> 
<p>Major Support: $161.25 and $160.95.&nbsp;</p> 
<p>Major Resistance: $168.94 and $172.38</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>Chevron Corporation released its second-quarter revenue and earnings on August 28. The company succeeded in surpassing the estimated revenue and reported over 8% more revenue than estimated. In 2022, the dividend per share, in 2022, was $5.68 and the dividend yield percent was 3.16.&nbsp;&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Chevron Corp: Bulls Try to Defend CVX Stock; Prices Rose 3.88%

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