Chevron Corporation (CVX), headquartered in San Ramon, California, integrates energy and chemicals operations. With a market cap of $280.6 billion, the company produces and transports crude oil and natural gas, as well as refines, markets, and distributes fuels worldwide.
Shares of this oil giant have underperformed the broader market considerably over the past year. CVX has gained 7.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 35.8%. In 2024, CVX stock is up 5.7%, compared to the SPX’s 24.3% rise on a YTD basis.
