Chevron Corp

CVX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$662.00	Ddyndq	Fsnlblcp

Chevron Maintains Capital Discipline While Delivering Growth; Increasing Fair Value Estimate

Allen Good

Mar 20, 2023

Business Strategy and Outlook

We expect Chevron to deliver higher returns and margin expansion thanks to an oil-leveraged portfolio as well as the next phase of growth, which is focused on developing its large, advantaged Permian Basin position.

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