XOM - Chevron: Poor Share Price Performance Should Not Bother You

2024-06-05 13:07:14 ET

Summary

• Chevron Corporation stock has been underperforming over the past 12-month period, but that doesn't change my view on the company.
• The market remains focused on short-term results, which results in Chevron deviating from its fair value.
• The company, however, remains very well-positioned to compete and grow production over the coming years.

After the strong performance in late 2021 and early 2022, Chevron Corporation ( CVX ) stock has been a relatively poor performer over the past 12-month period. It underperformed not only the S&P 500 (SP500) but the Energy sector as well....

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