Chevronの空売り状況は、投資家がChevronの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

Chevron (NYSE:CVX) 株価情報, 空売り情報

Chevron

Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.

News

Movers

株主たちがチェブロン・コープ (NYSE:CVX) との530億ドルの合併を承認した後、 ヘス社 (NYSE:HES) の株価が動いている（火曜日）。

ヘスの株主は、シェブロンとの530億ドルの合併を承認した

Earnings

Equities

Pre-Market Outlook

Markets

Trading Ideas

投資家の恐怖指数は改善｜ダウは350ポイント以上の下落を記録

GOOGL

MSFT

金曜日の朝、米国株式先物は高く推移し、本日投資家の関心を集める可能性がある銘柄は以下の通りです。

金曜日に注目すべきマイクロソフト、アルファベット、シェブロン3つの株式

Chevron Corp

Convex Finance - United States Dollar

- Reuters Citing YPF Source&nbsp;

ARGT

VIST

YPF Will Look For $1.5B In Foreign Financing And $500M In Local Financing In Q2 2025 For Vaca Muerta Sur Project; Wants To Add Shell, Chevron, Vista, Pampa Energy And Pan American Energy As Partners For Its Vaca Muerta Sur Project; Expects Total Investment Of $3B For Vaca Muerta Sur Oil Pipeline

Deep-pocketed investors have adopted a bullish approach towards Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CVX usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Chevron. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 62% leaning bullish and 0% bearish. Among these notable options, 3 are puts, totaling $189,400, and 5 are calls, amounting to $276,320.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $130.0 to $160.0 for Chevron during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Chevron's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Chevron's whale trades within a strike price range from $130.0 to $160.0 in the last 30 days. 
<h3>Chevron Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732119379_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CVX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$11.7</td>
<td>$11.55</td>
<td>$11.6</td>
<td>$155.00</td>
<td>$104.4K</td>
<td>728</td>
<td align="right">310</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$8.55</td>
<td>$8.45</td>
<td>$8.55</td>
<td>$160.00</td>
<td>$96.6K</td>
<td>1.4K</td>
<td align="right">113</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$8.6</td>
<td>$8.5</td>
<td>$8.55</td>
<td>$160.00</td>
<td>$85.5K</td>
<td>1.4K</td>
<td align="right">213</td>
</tr>
<tr>
<td>CVX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$6.7</td>
<td>$6.65</td>
<td>$6.65</td>
<td>$160.00</td>
<td>$47.8K</td>
<td>483</td>
<td align="right">72</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$34.95</td>
<td>$33.75</td>
<td>$34.95</td>
<td>$130.00</td>
<td>$38.4K</td>
<td>47</td>
<td align="right">0</td>
</tr>
</tbody>
</table>

<h3>About Chevron</h3>
Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.
Following our analysis of the options activities associated with Chevron, we pivot to a closer look at the company's own performance.
<h3>Current Position of Chevron</h3>
<ul>
<li>With a trading volume of 1,028,937, the price of CVX is up by 0.3%, reaching $160.08.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 72 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Chevron</h3>
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $174.5.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from RBC Capital has decided to maintain their Outperform rating on Chevron, which currently sits at a price target of $175. 
&#x2A; Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Chevron, targeting a price of $174. 
&#x2A; An analyst from UBS has decided to maintain their Buy rating on Chevron, which currently sits at a price target of $194. 
&#x2A; An analyst from Truist Securities persists with their Hold rating on Chevron, maintaining a target price of $155. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Chevron, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Chevron Options Trading: A Deep Dive into Market Sentiment

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.
<h3 class="wp-block-heading">Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>)</h3>
<ul>
<li>Dividend Yield: 4.04%</li>
<li>UBS analyst Josh Silverstein maintained a Buy rating and raised the price target from $192 to $194 on Nov. 4. This analyst has an accuracy rate of 63%.</li>
<li>Truist Securities analyst Neal Dingmann maintained a Hold rating and boosted the price target from $150 to $155 on Nov. 4. This analyst has an accuracy rate of 72%.</li>
<li>Recent News: On Nov. 1, the company posted upbeat quarterly earnings.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1">CVX news</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="910" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19051905/image-190.png" alt="" class="wp-image-654582" style="width:653px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19051905/image-190.png 910w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19051905/image-190-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19051905/image-190-768x711.png 768w" sizes="(max-width: 910px) 100vw, 910px" /></a></figure>
<h3 class="wp-block-heading">Kinder Morgan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>)</h3>
<ul>
<li>Dividend Yield: 4.14%</li>
<li>Barclays analyst Theresa Chen maintained an Equal-Weight rating and raised the price target from $22 to $24 on Nov. 4. This analyst has an accuracy rate of 81%.</li>
<li>Wells Fargo analyst Michael Blum maintained an Overweight rating and increased the price target from $22 to $27 on Oct. 17. This analyst has an accuracy rate of 67%.</li>
<li>Recent News: On Oct. 16, Kinder Morgan reported third-quarter revenue of $3.699 billion, missing the consensus estimate of $3.975 billion, according to Benzinga Pro.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1">latest KMI news</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="897" height="821" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19051942/image-191.png" alt="" class="wp-image-654583" style="width:735px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19051942/image-191.png 897w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19051942/image-191-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19051942/image-191-768x703.png 768w" sizes="(max-width: 897px) 100vw, 897px" /></a></figure>
<h3 class="wp-block-heading">Northern Oil and Gas, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOG#NYSE">NOG</a>)</h3>
Dividend Yield: 4.07%
<ul>
<li>Piper Sandler analyst Mark Lear maintained a Neutral rating and raised the price target from $40 to $41 on Nov. 18. This analyst has an accuracy rate of 66%.</li>
<li>Truist Securities analyst Neal Dingmann maintained a Buy rating and boosted the price target from $44 to $51 on Nov. 7. This analyst has an accuracy rate of 72%.</li>
<li>Recent News: On Nov. 5, Northern Oil &amp; Gas posted better-than-expected quarterly earnings.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1">trend in NOG stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="921" height="827" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19052027/image-192.png" alt="" class="wp-image-654584" style="width:737px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19052027/image-192.png 921w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19052027/image-192-300x269.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/19052027/image-192-768x690.png 768w" sizes="(max-width: 921px) 100vw, 921px" /></a></figure>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42035732/jim-cramer-super-group-basic-materials-stock-is-very-hard-to-own-here">Jim Cramer: Super Group Finally &#8216;Broke Out,&#8217; This Basic Materials Stock Is &#8216;Very Hard To Own Here&#8217;</a></li>
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Dividends

Price Target

Analyst Ratings

Wall Street's Most Accurate Analysts Give Their Take On 3 Energy Stocks Delivering High-Dividend Yields

AVGO

LRCX

SBUX

TRGP

Viking Fund Management 13F Shows Increased Stake In Broadcom From 16,510 To 162,100 Shares; Xcel Energy From 122,400 To 162,400 Shares; Chevron From 58,000 To 70,000 Shares; Starbucks From 87,000 To 105,000 Shares; Lam Research From 4,000 To 10,000 Shares; Pfizer From 286,000 To 344,000 Shares; Targa Resources From 81,000 To 60,000 Shares; Kinder Morgan From 50,000 To 75,000 Shares

Republicans are set to maintain control of the House of Representatives with a narrow margin, marking a new era as President-elect Donald Trump heads back <a href="https://www.benzinga.com/topic/donald-trump">to the White House. </a>
With control of Congress locked up Wednesday, Trump and his allies are poised to enact changes across various sectors, from tax reforms to potential deregulations, as the party mobilizes to advance its agenda across Washington, NBC News <a href="https://www.nbcnews.com/politics/2024-election/republicans-win-house-majority-trump-party-senate-control-rcna179231">reports</a>.
What Happened: Following a decisive win over Vice President Kamala Harris, Trump&#8217;s victory helped secure key congressional seats that kept Republicans in command of the House and the Senate. This sweeping Republican control creates a dynamic environment where Trump can enact his policy objectives with minimal opposition, positioning the party to reshape American policy on multiple fronts.
House Speaker Mike Johnson (R-La.) celebrated the victory on Capitol Hill, emphasizing the unity and optimism he expects to define the next two years of governance. Key GOP gains in swing districts across Pennsylvania and Michigan helped solidify Republican dominance, despite Democrat efforts to regain control, according to NBC News.
With this control, Trump's team may pursue reforms involving tax cuts, health care changes, and immigration policy adjustments aimed at fulfilling the promises for which he campaigned. Republicans will also be in a position to use "reconciliation," a procedural tool allowing legislation to pass more easily without relying on Democratic support.
Read Next:<a href="https://www.benzinga.com/politics/24/11/41950681/trump-once-said-political-career-over-about-john-thune-now-senate-majority-leader-working-with-him-to-pass-gop-agenda"> Trump Once Said John Thune&#8217;s &#8216;Political Career Over&#8217;: Now He&#8217;ll Work With Senate Majority Leader On GOP Agenda</a>
Why It Matters: The GOP's full leadership signals potential market shifts as Republicans focus on deregulation and reshaping economic policy. 
Analysts expect changes in sustainable investment strategies under Trump's leadership. JPMorgan's Virgina Martin Heriz highlighted that while some Inflation Reduction Act incentives for clean energy might stay, others, like electric vehicle tax credits, could face cuts. &#8220;Fund performance matters far more than politics,&#8221; she said, underlining that financial gains may drive <a href="https://www.benzinga.com/government/regulations/24/11/41926301/sustainable-investment-under-trump-performance-matters-far-more-than-politics-jpmorgan-analyst-says">decisions in renewable energy.</a>
In light of these changes, certain sectors may see pronounced impacts:
Energy Sector Growth: With a pro-energy agenda, traditional oil and gas firms could thrive under reduced regulations. 
<ul>
<li>ETF to Watch: Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), tracking companies like Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), may benefit from policies aimed at fossil fuel expansion.</li>
</ul>
Financial Sector Deregulation: Reduced oversight in the financial sector could benefit banks and investment firms. 
<ul>
<li>ETF to Watch: Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>), which includes firms such as JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) and Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>).</li>
</ul>
Defense and Infrastructure Investment: Increased defense and infrastructure spending could benefit contractors. 
<ul>
<li>ETF to Watch: iShares U.S. Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITA#NYSE">ITA</a>), with major holdings like Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and Raytheon Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>).</li>
</ul>
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41930918/trumps-high-inflation-regime-will-weaken-the-dollar-and-push-bitcoin-to-1m-says-arthur-hayes-get-long-and-stay-long">Trump&#8217;s High-Inflation Regime Will Weaken The Dollar And Push Bitcoin To $1M, Says Arthur Hayes: &#8216;Get Long And Stay Long&#8217;</a></li>
</ul>
Photo: Shutterstock

Sector ETFs

Politics

ETFs

iShares Dow Jones US Aerospace & Defense Index Fund

Republicans Set To Hold Slim House Majority: What It Means For Energy, Financial, Defense Sectors

In an Oval Office meeting on Wednesday, President Joe Biden and President-elect Donald Trump both pledged a smooth transition of power, marking a formal beginning <a href="https://www.benzinga.com/topic/donald-trump">to the handover process.</a>
Biden congratulated Trump and assured him the administration would fully support his team's needs for a seamless transition, <a href="https://www.cbsnews.com/news/trump-biden-meeting-white-house-2024-election/">CBS News</a> reports.
What Happened: After a private gathering with House Republicans, Trump met Biden at the White House, where the two leaders exchanged brief words before the press. &#8220;Well Mr. President-elect, former president, Donald, congratulations, and looking forward to&#8230; a smooth transition,&#8221; Biden said.
&#8220;Thank you very much,&#8221; Trump responded, adding that &#8220;politics is tough&#8221; and &#8220;not a very nice world,&#8221; but he appreciated the &#8220;smooth transition&#8221; underway, saying, &#8220;It&#8217;ll be as smooth as it can get.&#8221;
In addition to the ceremonial meeting, Trump has begun shaping his administration's agenda. A key focus is energy policy, with Trump reportedly considering appointing an "energy czar" to lead efforts in scaling back environmental regulations and increasing fossil fuel production. 
North Dakota Gov. Doug Burgum, a former software executive and oil industry advocate, is said to be the <a href="https://www.benzinga.com/news/24/11/41883635/trump-looks-to-undo-biden-climate-progress-with-burgum-as-energy-czar-report">frontrunner for this role.</a>
Read Next: <a href="https://www.benzinga.com/general/social-media/24/11/41912771/trump-presidency-magnificent-7-stock-impact-benzinga-readers-pick-tech-titan-at-most-risk-following-2024-election">Trump Presidency Magnificent 7 Stock Impact: Benzinga Readers Pick Tech Titan At Most Risk Following 2024 Election</a>
Why It Matters: The symbolic meeting between Biden and Trump emphasizes the importance of a peaceful transfer of power in the face of a contentious recent history. Trump did not hold a similar meeting with Biden in 2021 in the wake of the Jan. 6 Capitol riot, when Trump left the White House after falsely stating he won the 2020 election. 
Before his Oval Office meeting with Biden, Trump was met with a standing ovation by House Republicans and accompanied by high-profile supporters, including Elon Musk, who has recently played a role as an advisor to Trump's campaign. 
This transition sets the stage for a fresh political landscape, with Trump's leadership poised to steer the country in a markedly different policy direction. 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/41890244/elizabeth-warren-says-trump-and-his-transition-team-are-already-crossing-legal-boundaries-i-would-know-because-i-wrote-the-law">Elizabeth Warren Says Trump And His Transition Team Are Already Crossing Legal Boundaries: &#8216;I Would Know Because I Wrote The Law&#8217;</a></li>
</ul>
Photos courtesy: Shutterstock, Midjourney.

Government

LCID

RIVN

Biden Pledges 'Smooth' Transition To Trump In White House Meeting

Financial giants have made a conspicuous bearish move on Chevron. Our analysis of options history for Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $154,930, and 5 were calls, valued at $187,518.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $130.0 to $175.0 for Chevron during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Chevron's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Chevron's substantial trades, within a strike price spectrum from $130.0 to $175.0 over the preceding 30 days.
<h3>Chevron 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731434464_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CVX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$18.25</td>
<td>$18.15</td>
<td>$18.25</td>
<td>$165.00</td>
<td>$83.9K</td>
<td>76</td>
<td align="right">51</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/06/24</td>
<td>$4.75</td>
<td>$4.65</td>
<td>$4.7</td>
<td>$152.50</td>
<td>$66.2K</td>
<td>128</td>
<td align="right">192</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/18/26</td>
<td>$22.05</td>
<td>$22.05</td>
<td>$22.05</td>
<td>$145.00</td>
<td>$44.1K</td>
<td>200</td>
<td align="right">20</td>
</tr>
<tr>
<td>CVX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$4.35</td>
<td>$4.2</td>
<td>$4.3</td>
<td>$155.00</td>
<td>$41.2K</td>
<td>7.8K</td>
<td align="right">96</td>
</tr>
<tr>
<td>CVX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/13/24</td>
<td>$1.54</td>
<td>$1.5</td>
<td>$1.5</td>
<td>$150.00</td>
<td>$29.7K</td>
<td>49</td>
<td align="right">387</td>
</tr>
</tbody>
</table>

<h3>About Chevron</h3>
Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.
After a thorough review of the options trading surrounding Chevron, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Chevron Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 2,049,647, the CVX's price is down by -0.48%, now at $155.75. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 80 days.</li>
</ul>
<h3>Professional Analyst Ratings for Chevron</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $173.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from B of A Securities has revised its rating downward to Buy, adjusting the price target to $168. 
&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Chevron with a target price of $194. 
&#x2A; Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for Chevron, targeting a price of $175. 
&#x2A; Consistent in their evaluation, an analyst from Truist Securities keeps a Hold rating on Chevron with a target price of $155. 
&#x2A; An analyst from Barclays persists with their Overweight rating on Chevron, maintaining a target price of $174. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Chevron options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Chevron's Options: A Look at What the Big Money is Thinking

President-elect Donald Trump is considering appointing an &#8220;energy czar,&#8221; a role that would have the authority to nix environmental regulations and increase U.S.<a href="https://www.benzinga.com/government/24/11/41831044/how-to-play-the-trump-trade-for-ai-energy-taxes-analyst-says-5-stocks-could-shine"> fossil fuel production. </a>
What Happened: Trump is looking to appoint an overseer of deregulation efforts across various agencies, including the Department of Energy, Department of Interior, Federal Energy Regulatory Commission, and Environmental Protection Agency.
According <a href="https://www.ft.com/content/f75bd3f1-213f-4501-9005-58b42205ffff">to</a> the Financial Times, North Dakota Gov. and billionaire Doug Burgum is the frontrunner for this so-called energy czar position. 
Read More: <a href="https://www.benzinga.com/general/biotech/24/11/41822473/trumps-potential-health-czar-robert-f-kennedy-jr-rattles-vaccine-stocks-shoot-first-reaction">Trump&#8217;s Potential &#8216;Health Czar&#8217; Robert F. Kennedy Jr. Rattles Vaccine Stocks: &#8216;Shoot First Reaction&#8217;</a>
Burgum initially competed in the Republican primary before endorsing Trump. He previously headed Great Plains Software, becoming its president in 1984, and selling the company to Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) in 2001 for $1.1 billion. 
He has also served on the board of Atlassian Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) and most recently served as an energy advisor to Trump during his latest presidential campaign. 
Why It Matters: The news coincides with John Podesta, Biden&#8217;s lead climate diplomat, appearing at the UN climate summit in Baku, Azerbaijan, Monday. He <a href="https://www.axios.com/2024/11/11/top-biden-climate-diplomat-criticizes-trump-at-un-summit">called</a> the Nov. 5 presidential election outcome &#8220;bitterly disappointing.&#8221;
Over the past four years, the Biden Administration <a href="https://www.benzinga.com/personal-finance/24/05/38796993/bidens-1-6-trillion-investment-in-green-energy-sector-has-hit-stonewall-in-the-form-of-unspent-c">expanded clean energy initiatives</a> and <a href="https://www.benzinga.com/government/23/10/35240230/us-is-producing-more-oil-under-biden-than-at-any-point-under-the-trump-administration">produced more oil </a>than the previous Trump Administration.
Ali Zaidi, Biden&#8217;s national climate adviser, will likely be replaced with an energy czar as president-elect Trump targets current climate and energy regulations (i.e., vehicle emissions rules and lifting restrictions on oil and gas drilling). 
Analysts <a href="https://www.benzinga.com/news/24/11/41781921/what-does-trumps-victory-mean-for-ev-giant-tesla-and-the-big-3-automakers">have said </a>such changes could spell trouble for the clean energy and electric vehicle industry, but could be a boon for oil and gas companies.&nbsp;
EV-makers including Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) and Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) could see fewer sales if the Trump administration pulls rebates and tax incentives. However, oil and gas companies like Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) could see increased profits as Trump has vowed to lift restrictions on drilling and traditional energy production. 
Investors can also monitor the effects of potential policy changes in the broader EV sector through the iShares Self-Driving EV and Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDRV#NYSE">IDRV</a>) and oil through the ProShares Ultra Bloomberg Crude Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UCO#NYSE">UCO</a>). 
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/41850890/super-micro-delisting-risk-puts-1-7-billion-bond-repayment-on-the-line">Super Micro Delisting Risk Puts $1.7 Billion Bond Repayment On The Line</a></li>
</ul>
Image: Shutterstock

IDRV

TEAM

Trump Looks To Undo Biden Climate Progress With Burgum As 'Energy Czar': Report

Elon Musk&#8216;s fortune skyrocketed past $300 billion on Friday, fueled by a sharp rally in Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)'s stock after Donald Trump's election as <a href="https://www.benzinga.com/markets/equities/24/11/41813356/elon-musks-net-worth-soars-by-26-5-billion-in-single-day-after-tesla-stock-surges-post-trump-vic">the 47th U.S. president.</a>
According to Forbes&#8217; Real-Time Billionaires List, Musk&#8217;s net worth reached $305 billion — distantly followed by Oracle Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NASDAQ">ORCL</a>) co-founder Larry Ellison at around $231 billion, and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)'s Jeff Bezos, who trails at approximately $225 billion.
Musk is now more than $100 billion richer than Meta Platform Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg.
The electric carmaker's shares rocketed nearly 30% over the week, driving the company's market capitalization beyond the $1 trillion mark and delivering Musk a massive windfall.
Other than deriving much of his wealth from Tesla, Musk has also diversified his fortune in SpaceX, founded in 2002, which is worth nearly $210 billion based on a tender offer launched during the second half of 2024. Musk owns an estimated 42% stake.
Musk bought Twitter in a $44 billion (enterprise value) deal in 2022, although Forbes estimates that the social media company, which he renamed X, is worth nearly 70% less <a href="https://www.benzinga.com/top-stories/24/10/41603930/trump-vs-musk-djt-stock-worth-more-than-latest-x-valuation-thanks-to-2024-election-run-up">as of August 2024</a>.
Musk owns an estimated 60% of xAI, which he founded in 2023. Private investors valued the company at $24 billion in May 2024.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>RANK</th>
<th>NAME</th>
<th>NET WORTH</th>
</tr>
</thead>
<tbody>
<tr>
<td>1</td>
<td>Elon Musk </td>
<td>$305.5 billion</td>
</tr>
<tr>
<td>2</td>
<td>Larry Ellison </td>
<td>$230.9 billion</td>
</tr>
<tr>
<td>3</td>
<td>Jeff Bezos </td>
<td>$225.5 billion</td>
</tr>
<tr>
<td>4</td>
<td>Mark Zuckerberg </td>
<td>$203.4 billion</td>
</tr>
<tr>
<td>5</td>
<td>Bernard Arnault &amp; Family</td>
<td>$165.6 billion</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Forbes Real-Time Billionaires List</figcaption></figure>
<h3 class="wp-block-heading">Why Trump's Victory Was A Big Win For Musk</h3>
Trump's stance on tariffs, specifically on vehicles imported from Europe and China, could potentially make it tougher for foreign carmakers to compete in the U.S. market — an advantage that could drive up Tesla's market share on its home turf.
A Trump presidency would likely mean the end of EV subsidies and tax credits during Tesla&#8217;s second-quarter earnings call.
The impact would be slight for Tesla and devastating for its competitors. &#8220;But long term probably actually helps Tesla, would be my guess, yes,&#8221; Musk has said.
Musk has also been <a href="https://www.benzinga.com/news/24/11/41766808/mark-cuban-congratulates-trump-musk-before-the-election-is-called-says-they-won-fair-and-square">an active political backer</a> for Trump's 2024 campaign, reportedly donating over $130 million to support his re-election efforts.
Trump&#8217;s victory speech didn't shy away from showing gratitude either. 
As Forbes highlighted, Trump took nearly 4 minutes in his first speech to praise Musk, calling him a "super genius" and highlighting Tesla's achievements, from SpaceX's rocket launches to the expanding satellite internet network.
"A star is born — Elon!" Trump declared.
Musk has expressed enthusiasm about heading a proposed Department of Government Efficiency (D.O.G.E.), where he'd lead efforts to trim wasteful spending from the federal budget. Trump touted Musk as the ideal candidate to serve as the "Secretary of Cost-Cutting," potentially overseeing an ambitious plan to slash $2 trillion in federal expenses.
<h3 class="wp-block-heading">Musk&#8217;s Wealth Outpaces 475 S&amp;P 500 Companies</h3>
To put his wealth into perspective, Musk could theoretically buy out companies in the S&amp;P 500 with valuations smaller than his own, a list as big as 474 names.
Major corporations like Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), valued at $287 billion, and The Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) at $276 billion, are now "within reach" for Musk's personal fortune.
With $305 billion, Musk could also theoretically acquire three companies in the $100 billion range, like Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>), Deere &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) and Lam Research Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), with cash to spare.
Read Next:
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<li><a href="https://www.benzinga.com/etfs/sector-etfs/24/11/41853824/sp-500-breaks-6000-points-dow-soars-above-44000-small-caps-eye-strongest-week-in-4-years-tesla-hits-1-trillion-whats-driving-markets-friday">S&amp;P 500 Breaks 6,000 Points, Dow Soars Above 44,000, Small Caps Eye Strongest Week In 4 Years, Tesla Hits $1 Trillion: What&#8217;s Driving Markets Friday?</a></li>
</ul>

Large Cap

Management

Tech

AMZN

ORCL

TSLA

Elon Musk's Wealth Tops $300 Billion As Tesla's Market Cap Soars Above $1 Trillion

Benzinga's options scanner has just identified more than 10 option transactions on Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), with a cumulative value of $857,330. Concurrently, our algorithms picked up 2 puts, worth a total of 67,694.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $148.0 and $175.0 for Chevron, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Chevron options trades today is 7446.8 with a total volume of 83,433.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Chevron's big money trades within a strike price range of $148.0 to $175.0 over the last 30 days.
<h3>Chevron Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731013148_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.54</td>
<td>$2.42</td>
<td>$2.54</td>
<td>$165.00</td>
<td>$254.1K</td>
<td>10.8K</td>
<td>1.0K</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$1.52</td>
<td>$1.47</td>
<td>$1.47</td>
<td>$170.00</td>
<td>$181.9K</td>
<td>23.8K</td>
<td>18.9K</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$11.75</td>
<td>$11.65</td>
<td>$11.75</td>
<td>$155.00</td>
<td>$77.5K</td>
<td>2.0K</td>
<td>348</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$11.75</td>
<td>$11.4</td>
<td>$11.65</td>
<td>$155.00</td>
<td>$76.8K</td>
<td>2.0K</td>
<td>1.0K</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$11.65</td>
<td>$11.55</td>
<td>$11.65</td>
<td>$155.00</td>
<td>$76.8K</td>
<td>2.0K</td>
<td>414</td>
</tr>
</tbody>
</table>

<h3>About Chevron</h3>
Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.
After a thorough review of the options trading surrounding Chevron, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Chevron</h3>
<ul>
<li>With a volume of 4,985,443, the price of CVX is up 0.3% at $158.19. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 85 days.</li>
</ul>
<h3>What Analysts Are Saying About Chevron</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $171.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Truist Securities persists with their Hold rating on Chevron, maintaining a target price of $155. 
&#x2A; Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Outperform rating for Chevron, targeting a price of $163. 
&#x2A; An analyst from RBC Capital persists with their Outperform rating on Chevron, maintaining a target price of $175. 
&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Chevron with a target price of $194. 
&#x2A; An analyst from B of A Securities has revised its rating downward to Buy, adjusting the price target to $168. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Chevron, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Chevron Unusual Options Activity

WIIM

CSAN

FANG

KLXE

NCSM

NINE

PUMP

RCON

Shares of oil and gas companies are trading higher After Donald Trump wins the 2024 presidential election.

This year&#8217;s <a href="https://www.benzinga.com/markets/esg/24/05/39012013/noaa-meteorologists-predict-aggressive-hurricane-season-what-it-means-for-home-depot-generac-other-s">hurricane season </a>is a deadly one for the eastern and Gulf Coast of the U.S. Several companies and ETFs could be affected by another tropical storm nearing the Gulf Coast.
The Storm: Tropical Storm Rafael, the 17th named storm of the 2024 season, formed in the Caribbean, <a href="https://www.nbcnews.com/weather/hurricanes/tropical-storm-rafael-forms-expected-hurricane-rcna178632">according</a> to NBC.
The storm passed by Jamaica on Tuesday. It is expected to strengthen into a hurricane on Tuesday near the Cayman Islands and pass over Western Cuba. From there, it will likely weaken into a tropical storm before making landfall near New Orleans. The path may change drastically before impacting the U.S.
The heaviest rain of up to 10 inches is expected in Jamaica.
Market Impacts: With a projected path in the Gulf of Mexico, Rafael could disrupt offshore oil and gas production, which could impact companies operating there.
Potentially affected stocks include major energy companies like Exxon Mobil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), and Occidental Petroleum Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), and ETFs like SPDR S&amp;P Oil &amp; Gas Exploration &amp; Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOP#NYSE">XOP</a>) and Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>).
Storms in the Gulf of Mexico can also disrupt refining operations, which could impact refiners such as Marathon Petroleum Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>), Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) and Valero Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>).
Construction companies like Vulcan Materials Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMC#NYSE">VMC</a>) and Martin Marietta Materials Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLM#NYSE">MLM</a>) might benefit from increased demand for repairs and rebuilding.
Recent extreme weather activity is linked to climate change. Hurricanes, which will become even more frequent over time, may encourage homeowners to purchase home generators. Generac Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) is the largest producer of home generators in the U.S.
Also Read:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41746843/bond-market-fear-gauge-soars-to-1-year-high-ahead-of-us-election-results-bond-vigil">Bond Market Fear Gauge Soars To 1-Year High Ahead Of US Election Results: &#8216;Bond Vigilantes Have Been Voting Early&#8217;</a></li>
</ul>
Photo: Tropical Storm Rafael, 11.5.2024. Courtesy NOAA/Public Domain

Commodities

GNRC

Tropical Storm Rafael Could Make US Landfall: 11 Stocks, ETFs To Watch

Financial giants have made a conspicuous bearish move on Chevron. Our analysis of options history for Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) revealed 11 unusual trades.
Delving into the details, we found 36% of traders were bullish, while 63% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $63,505, and 9 were calls, valued at $367,210.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $130.0 to $180.0 for Chevron during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Chevron's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Chevron's whale activity within a strike price range from $130.0 to $180.0 in the last 30 days. 
<h3>Chevron Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730744129_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.65</td>
<td>$5.3</td>
<td>$5.65</td>
<td>$155.00</td>
<td>$84.7K</td>
<td>6.4K</td>
<td style="text-align: right;">7</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.45</td>
<td>$5.35</td>
<td>$5.35</td>
<td>$155.00</td>
<td>$80.2K</td>
<td>6.4K</td>
<td style="text-align: right;">380</td>
</tr>
<tr>
<td>CVX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$3.8</td>
<td>$3.75</td>
<td>$3.8</td>
<td>$140.00</td>
<td>$37.6K</td>
<td>1.1K</td>
<td style="text-align: right;">151</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.45</td>
<td>$3.4</td>
<td>$3.45</td>
<td>$160.00</td>
<td>$34.5K</td>
<td>9.4K</td>
<td style="text-align: right;">181</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$10.15</td>
<td>$9.6</td>
<td>$9.6</td>
<td>$180.00</td>
<td>$33.6K</td>
<td>39</td>
<td style="text-align: right;">36</td>
</tr>
</tbody>
</table>

<h3>About Chevron</h3>
Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.
Having examined the options trading patterns of Chevron, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Chevron</h3>
<ul>
<li>With a trading volume of 2,648,685, the price of CVX is up by 0.33%, reaching $153.58.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 88 days from now.</li>
</ul>
<h3>What The Experts Say On Chevron</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $171.8.
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&#x2A; Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Chevron with a target price of $174. 
&#x2A; Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Chevron, targeting a price of $192. 
&#x2A; An analyst from RBC Capital persists with their Outperform rating on Chevron, maintaining a target price of $175. 
&#x2A; Consistent in their evaluation, an analyst from Truist Securities keeps a Hold rating on Chevron with a target price of $155. 
&#x2A; Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Outperform rating for Chevron, targeting a price of $163. 
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Chevron's Options Frenzy: What You Need to Know

Shares of Chevron Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) continued to rise in early trading on Monday, after the company reported <a href="https://www.benzinga.com/news/earnings/24/10/41531805/western-digital-shares-rally-after-q1-results-eps-beat-revenues-miss">upbeat third-quarter results</a>.
The San Ramon, California-based company reported its results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
<ul>
<li>Truist Securities <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/588f38af77f9dd00016a51bc/neal-dingmann">analyst Neal Dingmann</a> maintained a Hold rating, while raising the price target from $150 to $155.</li>
<li>RBC Capital Markets <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586bcbda351b9b0001ab7390/biraj-borkhataria">analyst Biraj Borkhataria</a> reiterated an Outperform rating, while lifting the price target from $170 to $175.</li>
<li>Scotiabank <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6203b5d2e008470001d757b2/rufus-hone">analyst Paul Cheng</a> reaffirmed a Sector Outperform rating and price target of $163.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Truist Securities: Chevron's third-quarter earnings came in ahead of consensus estimates, with production on a BOE (barrel of oil equivalent) basis topping expectations, although pricing was weaker than anticipated, Dingmann said. "Production benefited from strong growth in the Permian offset by the impacts of hurricanes," he added.
Margins at Chevron's refinery business remained under pressure due to strong supply and "limited incremental demand for petroleum products," the analyst stated. While Chevron is likely to generate "relatively minimal" earnings growth next year due to margin pressure and lower oil, a potential successful acquisition of Hess "would notably change our estimates," he further wrote.
RBC Capital Markets: Chevron reported its earnings and cash flows ahead of expectation, backed by "a solid operational performance," Borkhataria said.
"Record production in the Permian, and strong delivery elsewhere supported CVX&#8217;s earnings this quarter, and the new structural cost reduction target should help investors re-focus on the investment case," the analyst wrote. While uncertainty around the Hess deal remains, management's commentary around Permian capex peaking in 2024 is likely to boost free cash flows into 2025 and beyond, he added.
Scotiabank: The company's adjusted earnings of $2.51 per share and cash flows of $4.59 per share beat consensus of $2.41 and $4.32, respectively. "Robust Upstream production drove the beat, with the company setting yet another quarterly record in the Permian and achieved record high production in TCO," Cheng said.
Chevron repurchased $4.7 billion of stock in the third quarter, higher than the quarterly run-rate target of $4.375 billion at the midpoint, the analyst stated. The company aims at cost reduction between $2 billion and $3 billion by end of 2026, while targeting another $7 billion in assets sales by 2028, he added.
Price Action: Shares of Chevron had risen by 0.48% to $153.81 at the time of publication on Monday.
Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/technicals/24/11/41695818/stock-of-the-day-oil-climbs-and-chevron-follows-suit">Stock Of The Day: Oil Climbs — And Chevron Follows Suit</a></li>
</ul>
Image: Shutterstock

Analyst Color

Earnings Beats

Reiteration

Chevron Posts Q3 Beat As 'Uncertainty Around Hess Deal Remains,' Analysts Say

UBS analyst Josh Silverstein maintains Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) with a Buy and raises the price target from $192 to $194.

UBS Maintains Buy on Chevron, Raises Price Target to $194

RBC Capital analyst Biraj Borkhataria maintains Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) with a Outperform and raises the price target from $170 to $175.

RBC Capital Maintains Outperform on Chevron, Raises Price Target to $175

Truist Securities analyst Neal Dingmann maintains Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) with a Hold and raises the price target from $150 to $155.

Truist Securities Maintains Hold on Chevron, Raises Price Target to $155

Barclays analyst Betty Jiang maintains Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) with a Overweight and raises the price target from $168 to $174.

Barclays Maintains Overweight on Chevron, Raises Price Target to $174

On Saturday, Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) registered a decline in <a href="https://www.businesswire.com/news/home/20241102654212/en/Berkshire-Hathaway-Inc.-News-Release" target="_blank" rel="noreferrer noopener">third-quarter</a> operating earnings, driven by weakness in the insurance underwriting segment.
The Omaha-based company&#8217;s quarterly <a target="_blank" href="https://www.berkshirehathaway.com/qtrly/3rdqtr24.pdf" rel="noreferrer noopener">operating earnings</a> of $10.09 billion slumped over 6% from $10.761 billion in the year-ago quarter.
Approximately 70% of the aggregate fair value was concentrated in five companies, as of September-end 2024:
<ul>
<li>American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) &nbsp;&#8211; $41.1 billion</li>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;&#8211; $69.9 billion</li>
<li>Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) &#8211; $31.7 billion</li>
<li>Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>)&nbsp;&#8211; $28.7 billion&nbsp;</li>
<li>Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) &#8211; $17.5 billion</li>
</ul>
It seems <a href="https://www.benzinga.com/topic/warren-buffett">Warren Buffett</a> has vended another considerable slice of his Apple stake, continuing to reduce Berkshire Hathaway&#8217;s most significant equity investment for the fourth consecutive quarter.
Despite the ongoing selling spree, Berkshire did not buy back any company shares during the period.
Berkshire Hathaway&#8217;s cash reserves soared to a record $325.2 billion as of September-end, increasing from $276.9 billion in the second quarter, as Warren Buffett continued selling stocks, per a <a href="https://www.cnbc.com/2024/11/02/berkshire-hathaways-cash-fortress-tops-300-billion-as-buffett-sells-more-stock-freezes-buybacks.html" target="_blank" rel="noreferrer noopener">news</a> report from CNBC.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/11/41700057/warren-buffetts-frugal-lifestyle-was-once-highlighted-in-the-office-cameo-what-about-mileag" rel="noreferrer noopener">Warren Buffett&#8217;s Frugal Lifestyle Was Once Highlighted In &#8216;The Office&#8217; Cameo: &#8216;What About Mileage When I Use My Car, I Mean Gas Ain&#8217;t Cheap You Know&#8217;</a>
This suggests that Buffett sold roughly a quarter of his stake, leaving around 300 million shares in his holdings. Overall, CNBC <a target="_blank" href="https://www.cnbc.com/2024/11/02/berkshire-hathaway-brk-earnings-q3-2024.html" rel="noreferrer noopener">reported</a> that his stake has decreased by 67.2% compared to the end of the third quarter of last year.
He began reducing his stake in the iPhone manufacturer during the fourth quarter of 2023 and significantly increased his selling in the second quarter, when he unexpectedly sold nearly half of his investment, the report added.
Berkshire and its subsidiaries also invest in certain businesses using the equity method, with significant holdings in common stock of The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>) and Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>).
As of September 30, 2024, the firm owned 26.9% of Kraft Heinz&#8217;s outstanding shares and 28.2% of Occidental&#8217;s outstanding shares.
Q3 In Detail
The company reported third-quarter net earnings of $18,272 per average equivalent Class A share, compared with a $(8,824) loss per share in the year-ago period.&nbsp;
The company registered net earnings of $12.18 per average equivalent Class B share, compared with $(5.88) per share year over year.
In the third quarter, insurance underwriting generated earnings of $750 million versus $2.42 billion year over year (down 69%).
Earnings from insurance investment income were $3.664 billion, higher&nbsp;than $2.470 billion a year ago.
Buffett, 94, is one of the best-known fundamental investors in the world. Known as the &#8220;Oracle of Omaha,&#8221; he has a real-time net worth of $142.2 billion&nbsp;<a target="_blank" href="https://www.forbes.com/profile/warren-buffett/?sh=2ee1b9a34639" rel="noreferrer noopener">per</a> Forbes.
Read Next:
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<li><a href="https://www.benzinga.com/general/education/24/10/41418702/warren-buffetts-words-of-wisdom-benzinga-readers-pick-their-favorite-oracle-of-omaha-quote" target="_blank" rel="noreferrer noopener">Warren Buffett&#8217;s Words Of Wisdom: Benzinga Readers Pick Their Favorite Oracle Of Omaha Quote</a></li>
</ul>

General

AAPL

Berkshire Hathaway Reports Decline In Q3 Operating Earnings, Further Reduces Apple Stake

<a href="https://www.benzinga.com/news/large-cap/24/11/41689431/oil-prices-almost-recoup-week-losses-as-iran-mulls-retaliatory-attack-against-israel-prior-to-us-e">Oil is traded higher on Friday because of geopolitical tensions</a>, which have also caused some oil stocks to move up.
As you can see on the chart below, Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) is no exception. This is why our team of expert technical analysts has made it our Stock of the Day.
Moves in financial markets are determined by supply and demand. It's basic economics. If the supply and the demand aren't equal, the market will adjust and try to find equilibrium.
For example, if there isn't enough supply (sell orders) in the stock market to fill all of the buy orders (demand), the price will move higher. This happens because investors and traders who wish to acquire shares will be forced to pay premiums to attract sellers&#8217; interest and draw them into the market.
But the tide turns when a stock reaches a resistance level.
At these levels, there is more than enough supply to fill the demand. Traders can buy all the shares they need without worrying about pushing the price higher.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/11/41681804/chevron-q3-earnings-production-boost-by-pdc-energy-permian-basin-targets-2-3-billion-in-structural-">Chevron Q3 Earnings: Production Boost By PDC Energy &amp; Permian Basin, Targets $2-$3 Billion In Structural Savings By 2026</a>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="527" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01163011/cvx-stock-1024x527.png" alt="" class="wp-image-626325" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01163011/cvx-stock-1024x527.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01163011/cvx-stock-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01163011/cvx-stock-768x395.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01163011/cvx-stock-1536x790.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01163011/cvx-stock.png 1587w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
As you can see on the chart, the $152.50 level has been resistance for Chevron for about a month.
This isn't a coincidence. There is resistance at this level for a reason. It is because it had previously been a support level.
Levels that had been support turning into resistance are common in financial markets. This is due to &#8220;buyer's remorse.&#8221;
Some investors and traders who bought shares around the support in June and July thought they made a good move when the price increased soon after.
But when the support eventually broke, and Chevron moved lower, they changed their minds. A number of these remorseful buyers had second thoughts and decided to sell. However, they would only sell if they can do so at breakeven and not lose money.
As a result, when Chevron finally rallied back to their buy prices, they placed sell orders. This large concentration of these sell orders has caused resistance to form at the same level that had previously been support.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/11/41692530/tech-stocks-surge-but-s-p-500-faces-second-weekly-decline-amazon-rallies-bitcoin-drops-below-70-000">Tech Stocks Surge But S&amp;P 500 Faces Second Weekly Decline, Amazon Rallies, Bitcoin Drops Below $70,000: What&#8217;s Driving Markets Friday?</a></li>
</ul>
Photo: Shutterstock

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