Looking at the share price if you consider the annual average prices - from 2008 till now Chevron stock value has only risen 2-3% a year (not considering dividend paid out). Seems to imply that Chevron hasn't really grown in the last 9 years beyond inflation despite large project spending. Wondering what people think this means - is there a GE moment coming up for Chevron one day? Or is this fine/normal?
17 replies (most recent on top)
Chevron stock should hit all time high tomorrow... finally... and bonus should be pleasant this spring! well done pulling out of the dip folks!
After a lot hard hit from low oil prices a banner year
http://www.barrons.com/amp/articles/back-in-black-why-chevron-could-have-a-banner-2018-1515686305
There is a reason this industry if referred to as boom-bust. I have seen several cycles of each... the booms are more fun!
Yup, It’s easy to figure out the losers from the rest on this board.
ROTFLSHMSFOAIDMT!
Not everyone, 7ygr. But evidently you don’t know what “timing” is. Your remark actually demonstrates your ignorance.
Everyone has perfect timing on their trades when posting on the internet. It’s uncanny.
@6flq, It sounds to me that you’re the one complaining or is pissed off at yourself. As of me, I sold CVX a few days after it reached its high mark and invested elsewhere.
It depends on your perspective as to whether you think Chevron has grown this decade. Based on the stock price or example, the highest CVX stock price close was $134.85 on July 24, 2014, followed by the lowest price close of $70.02 on August 25, 2015. In the past 12 months, the stock hasn’t gone higher than $122.30. As an investor, I’d not say Chevron has grown. We are short by $12.55 and more than 3 years to reach our all-time high. Don’t fret too much about the dividends earned for holding the stock all the while. You could have done better elsewhere.
What goes down must go up? More brilliant financial advice. I’m sure GM, Enron, Lehman Brothers, etc shareholders would beg to differ with your assessment.
Oil stocks have pulled back with the halving of oil prices and profits. What goes down must come up. Hang in there. Majors have really cleaned house on costs (partly via layoffs) and profits will soon surge.
Keep stuffing your retirement money under your mattress -4rrz.
"I always come to the Chevron layoff board for sound financial advice"
-Said nobody...ever
I was never a ‘buy and hold’ investor with my CVX stock. To the contrary, I was a steady investor in index funds. I would shift my balances only slightly in index funds just once every 12 to 18 months. I was either 100% in and out of CVX up to three times each year. This strategy over the last 15 or more years has worked well for me.
Thanks, i'm the OP. I actually checked other energy companies (BP, Shell, Exxon) and realized almost all of them exhibit the same behavior...their share price haven't gone up in the last 9 years on the average (though they are paying out dividends). So I guess its just the industry not just Chevron. Was kind of curious because the Norwegian sovereign wealth fund is probably going to divest its oil stakes, and as lpg said if you are "buy and hold" then there's no point holding for these types of returns considering the potential risk if volatility, but you're right can still time for volatility. Wondering if funds will follow in the next generation.
lpg, yes ideed, how true. Many billionaire investment geniuses and market timing experts commonly post here on thelayoff.com as they are so very successful. It's amazing how many good tips I get. A layoffs website is a good place to find savvy investment advice, since that's where the successful investors hang out, post stock timing tips and expert investing advice. We thank you so very much for your contributions and tips from your market timing crystal ball that you have obviously used to reach such success! ROTFLLMMFAOBOAY!!!!!!!!!!!!
Don't let past performance s---er you into a false sense of security when predicting the future
Case and point: A majority of all Fortune 500 companies that exited 25 yrs ago no longer exist today....
The truth is: Nobody knows what the future will bring or the market will bear with Chevron or any other company.
Hedge your risk, you will be better off (Something Chevron failed to do prior to oil downturn)
The Chevron stock price has hit many highs and lows in this period. If you were a ‘buy and hold’ kind of person, you missed lots of opportunities. If you had an average sense of the cyclical nature of the industry and in particular, Chevron’s, you had many opportunities to make very good returns.