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A Financial Analysis and Valuation of Chevron Corporation
- 1 School of Business, Macau University of Science and Technology, Macau, 999078, China
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Abstract
With the continuous development of the global economy, the demand for energy continues to grow, and the market size of oil and gas as an important source of energy continues to expand, and the growth potential of the oil and gas market in the future is still huge. As an internationally renowned energy company, Chevron occupies an important position in the global oil and gas market. Firstly, the financial indicator analysis method is used to compare the financial data in 2023 with the other three energy companies to obtain its financial strength with strong asset liquidity, high solvency and strong profitability. Secondly, from the aspects of profitability, development ability and valuation, it is concluded that Chevron has strong market competitiveness, large room for stock price growth, and greater investment opportunities. Finally, it is concluded that Chevron has a high investment value, but it still faces certain risks and challenges, and it is necessary to pay attention to the impact of international oil price fluctuations on the company's performance and should pay close attention to its risk factors and take corresponding measures to face it positively.
Keywords
Chevron Corporation, Energy Industry, Performance Evaluation, Financial Valuation
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Cite this article
Zhang,Y. (2024). A Financial Analysis and Valuation of Chevron Corporation. Advances in Economics, Management and Political Sciences,110,172-179.
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Volume title: Proceedings of ICEMGD 2024 Workshop: Decoupling Corporate Finance Implications of Firm Climate Action
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