Chevron Stock: Oversold And Undervalued With Prices Near 52-Week Low (Technical Analysis)
Chevron(CVX) Seeking Alpha·2024-09-10 04:50
JHVEPhoto CVX stock: previous thesis and new developments Previously, I wrote an article about Chevron Corporation (NYSE:CVX) stock on May 8, 2024. The article was entitled "Chevron Stock's EPS Growth Potential Can Surprise Market" and assigned a buy rating to the stock. In the article, I argued: The market is significantly undervaluing CVX due to its strong EPS growth potential. My estimates show that every $1 increase in oil prices could boost Chevron's EPS by approximately $0.33, and I see a good chance ...