Chevron Corporation (Chevron) is one of the largest oil and gas companies in the world. It has its headquarters in Houston, Texas. It is one of the biggest refineries in the world, which has its platform and refinery system for the transportation of crude oil. To understand what makes this company such a great investment, it would be prudent to review its history and analyze the financial performance of this entity.
Since 1970, when the company got under management, it has emerged as one of the strongest companies in the oil and gas industry. With its successful development of the Trans-Tex refinery in Texas, which serves as its hub, the company has consistently been able to increase production.
The refining business, especially in the United States, is a trillion-dollar industry. In recent years, due to the unstable economy and increasing price of oil, oil demand has also increased worldwide. This has resulted in the company’s steady rise in the stock market. As of this writing, the company has over thirty million shares of stock held on the stock market.
The history of Chevron Corporation CVX starts inches when it was founded in June of 1969 by John Carroll and John Holland. Both men are graduates of the college of engineering in Dartmouth, Massachusetts. They decided to invest in the stock market so that they can earn a comfortable living. They both had an interest in petroleum because this is where their career would begin. After investing, they decided to seek the management positions of the corporation.
In the beginning, the stock market was hesitant to accept stock trading. Many brokers and stockbrokers were skeptical about the business, deeming it as a questionable activity. However, with the aid of a knowledgeable stockbroker, they were able to convince the brokerage firm that investing in the stock market was a sound and safe choice.
Today, stock trading is the main source of income for these responsible individuals. With a low overhead cost, they can generate high profits from their investment. For the investor, the main benefit of this venture is the low price of shares. CVX stocks are priced at very reasonable levels so that common investors can purchase a lot of shares without worrying about going into debt.
To date, the company does not have any major setbacks. The stock market is volatile, but this is temporary. Once the world recovers from recession, oil prices will go up and vice versa. Once the prices go up, investors will be able to take advantage and enjoy the great benefits of stock trading.
