Chevron Corporation Intrinsic Value – Chevron Board Considering Waiving Retirement Age for CEO Mike Wirth to Allow More Time for Successor Preparation.

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Chevron Corporation Intrinsic Value – The board of Chevron Corporation ($NYSE:CVX) is currently considering waiving the company’s mandatory retirement age of 65 for its CEO, Mike Wirth, allowing him to remain in his current position for a longer period. This proposal was reported on Monday by The Wall Street Journal. Some board members suggested that there is no one currently within the company who is ready to take on the role of Wirth’s successor and thus, additional time is needed to prepare a suitable candidate. Additionally, other board members see no need to force out an executive that has proven to be successful and believe that allowing Wirth to remain in his post will benefit the company. It is one of the world’s largest integrated energy companies, with activities in exploration, production, refining, marketing, and transportation of crude oil and natural gas. The company, headquartered in San Ramon, California, also produces and sells petrochemicals, lubricants, additives, and other petroleum-based products. The decision to consider waiving the retirement age for Wirth is due to the fact that there is currently no one within the company who has gained sufficient experience and knowledge to take his place when he eventually steps down. This has caused significant concern among board members as they do not want to risk instability in the organization due to lack of a suitable replacement. The board is thus willing to consider a waiver in order to give the company more time to develop a suitable replacement.

However, members also recognize that Wirth’s performance as CEO has been successful and there is no need to force him out of his post. Ultimately, the board will make their final decision over the coming months, assessing all factors before deciding the best course of action for the company.

Share Price

On Monday, CHEVRON CORPORATION stock opened at $171.3 and closed at $171.0, down by 0.6% from the previous closing price of 172.0. This news comes after reports that the company’s Board of Directors is considering waiving the retirement age rule for current CEO Mike Wirth, which currently stands at 65 years of age. The news has been met with generally positive sentiment, as many investors believe that waiving the retirement age rule for Wirth would give the board more time to prepare for his eventual successor. It also shows that the board is committed to providing Wirth with an orderly succession plan. CHEVRON CORPORATION has been steadily investing in new markets and technologies over the last few years, and Wirth’s continued presence is seen as a key part of this growth strategy.

His leadership has steered the company through difficult market conditions and established it as a major player in the energy industry. The Board’s decision on Wirth’s retirement age is expected to be announced in the coming weeks and will be closely watched by investors and analysts alike. There is much anticipation surrounding the event, as many believe that extending Wirth’s stay at CHEVRON CORPORATION will be beneficial to the company’s long-term growth prospects. Regardless of the outcome, it is clear that the company has a bright future ahead of it. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Chevron Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Chevron Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Chevron Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Chevron Corporation are shown below. More…

Analysis – Chevron Corporation Intrinsic Value

GoodWhale conducted an in-depth analysis of CHEVRON CORPORATION‘s financials and concluded that the fair value of their stock is around $178.6. This was calculated through GoodWhale’s proprietary Valuation Line. Currently, CHEVRON CORPORATION’s stock is trading at a price of $171.0, making it 4.3% undervalued. CHEVRON CORPORATION is a giant in the global energy arena. It operates one of the largest integrated energy businesses in the world, with activities across the oil and gas industry. They are one of the leading suppliers of lubricant products, fuels, and chemicals to customers in countries around the world. Currently, the stock is trading at a price that is 4.3% below its fair value as calculated by GoodWhale, making it an attractive investment opportunity. The valuation line created by GoodWhale takes into account factors such as the company’s operating performance, balance sheet strength, management quality, and market sentiment. Investors looking for an undervalued stock should consider CHEVRON CORPORATION as an opportunity to capitalize on an attractive investment. More…

Peers

The Chevron Corp competes with Exxon Mobil Corp, Occidental Petroleum Corp, and ConocoPhillips. All of these companies are in the business of exploring for, developing, and producing crude oil and natural gas. Chevron is one of the largest of the supermajor oil companies, with operations in more than 180 countries.

– Exxon Mobil Corp ($NYSE:XOM)

Exxon Mobil Corporation is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller’s Standard Oil Company, and was formed on November 30, 1999 by the merger of Exxon (formerly the Standard Oil Company of New Jersey) and Mobil (formerly the Standard Oil Company of New York). The world’s seventh largest company by revenue, ExxonMobil is also the seventh largest publicly traded company by market capitalization. The company ranked ninth globally in the Forbes Global 2000 list in 2014.

– Occidental Petroleum Corp ($NYSE:OXY)

Occidental Petroleum Corp is a large American oil and gas company with operations in the United States, the Middle East, and Latin America. The company has a market cap of 63.77B as of 2022 and a return on equity of 29.73%. Occidental Petroleum is one of the largest oil and gas companies in the world and is engaged in the exploration, production, and marketing of crude oil and natural gas. The company’s primary operations are in the United States, but it also has a significant presence in the Middle East and Latin America. Occidental Petroleum is a publicly traded company and its shares are listed on the New York Stock Exchange.

– ConocoPhillips ($NYSE:COP)

ConocoPhillips is an American multinational energy corporation with its headquarters in Houston, Texas. The company is engaged in the exploration, production, marketing, and transportation of crude oil, bitumen, natural gas, and liquefied natural gas. As of December 31, 2019, the company had estimated proved reserves of 8.4 billion barrels of oil equivalent.

ConocoPhillips has a market capitalization of $150.08 billion as of January 2021. The company’s return on equity was 30.9% for the year ended December 31, 2020.

ConocoPhillips is one of the world’s largest independent exploration and production companies, with operations in more than 30 countries. The company’s main business activities include the exploration, development, production, and marketing of crude oil, natural gas, and liquefied natural gas. ConocoPhillips also has a significant refining and marketing business.

Summary

Chevron Corporation is a multinational energy company based in San Ramon California. For investors, Chevron Corporation offers exposure to the energy industry, along with opportunities for income and capital appreciation. It has a strong portfolio of downstream and upstream assets, as well as a strong balance sheet. Chevron recently announced its board was considering waiving its retirement age for CEO Mike Wirth to allow more time for preparation for a successor.

Market sentiment around the news is positive at the time of writing. Chevron remains a solid investment choice, offering good value and performance potential for investors.