Thread regarding Chevron Corp. layoffs

In May 2008, CVX stock price was . . . .

The same price as it is in Sept 2021. Thirteen years and nada.

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| 1478 views | | 9 replies (last )
Post ID: @OP+1cKxImW5

9 replies (most recent on top)

Annual return: 3.5%
Total return on investment: 1.58x

Op doesn’t understand the stonks…

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Post ID: @brpw+1cKxImW5

I agree with @1jj and @1vyk. Take a look at your favorite internet site for historical stock prices. There have been enough ups and downs in Chevron stock the last 15 years where even amateurs would have made money buying and selling (I know I did...). However, moving forward Green has cast the 'evil eye' on oil stocks, probably means a long-term decrease in stock price. You know that old adage about not investing (much) in your own company's stock? This is a good time to stick with that. Plenty of other more stable options.

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Post ID: @1cyi+1cKxImW5

If you don’t like a 5 plus % dividend then that’s your problem. Speaking of which. Isn’t that today?

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Post ID: @1zso+1cKxImW5

If you have company stock, this would be a great time to sell it. I only see the stock falling with pressure from green investors. Hydrocarbons are permanently out of favor and the opposition is just getting started. Fires, floods and storms will be blamed on us (rightly so) and the townspeople will come with pitchforks before long. This will make the tobacco lawsuits look like chump change. Mark my words.

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Post ID: @1vyk+1cKxImW5

OP, what do you mean 13 years and nada? Did you buy and hold? If that’s what you did, then shame on you. In those 13 years, I must have traded in and out of CVX at least two dozen times. I made more than nada, I made a fortune.

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Post ID: @1jjo+1cKxImW5

Mmm-hmm. Brent oil was $123/bbl in May 2008. It’s $73/bbl today. Oil & gas companies are, in large part, plays on hydrocarbon prices. Not an indictment of management to me.

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Post ID: @1wha+1cKxImW5

Oh, and lets not forget that management has plowed $$$$$ billions in stock buy-backs during that period, just to hold the price the same!

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Post ID: @rhr+1cKxImW5

Plusses and minuses - if you held the stock since 2008, you took in ~$65 (a rough guess) in dividends. On the minus side, inflation did chew away some of those gains. If you want growth, you have to look at mid- or small-caps.

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Post ID: @rrb+1cKxImW5

Lots of contingent compensation down the tubes! I have to believe the execs are doing everything they can to juice the stock. Lots of $$ not being made.

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Post ID: @bbx+1cKxImW5

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