Chevron - Final Thoughts

Ticker Symbol: CVX

Final Thoughts

The oil patch's strong correlation to crude prices could translate to short-term weakness and long-term growth for Chevron. Oil prices have spiked down from their July high of $147/bbl on expected vulnerability to dampening consumer demand. During the week of December 5th, 2008, Merrill Lynch commodities analyst Francisco Blanch forecasted a decline to $25/bbl if market conditions continue to deteriorate. Chevron, along with fellow blue chip Exxon and the rest of the oil majors, have been able to post excellent earnings

Article Index

• Chevron Home
• Chevron Historicals
• Chevron News
• Chevron Charts
• Chevron Final Thoughts