Chevron (CVX) Offering Possible 25.31% Return Over the Next 6 Calendar Days

Chevron's most recent trend suggests a bearish bias. One trading opportunity on Chevron is a Bear Call Spread using a strike $105.00 short call and a strike $110.00 long call offers a potential 25.31% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $105.00 by expiration. The full premium credit of $1.01 would be kept by the premium seller. The risk of $3.99 would be incurred if the stock rose above the $110.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Chevron is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Chevron is bearish.

The RSI indicator is at 46.4 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Chevron

UPDATE 2-Chevron shareholders to vote on climate change proposals -filing
Thu, 08 Apr 2021 16:28:31 +0000
Chevron Corp shareholders will vote on proposals aiming to require the No. 2 U.S. oil producer to reduce the environmental impact of its products and report on climate business risks. Chevron has pledged to limit the pace of growth of its carbon emissions that contribute to climate change, but has not set longer-term targets to achieve net zero as many European oil companies have done. Shareholder proposals include reducing so-called Scope 3 emissions that come from the use of its fuels and a request that the company report the impact of net zero 2050 scenarios on its finances and business assumptions, according to the company's proxy filing on Thursday.

Chevron faces shareholder proposals on climate change -filing
Thu, 08 Apr 2021 15:44:12 +0000
Chevron Corp will face shareholder proposals on climate change that push the No. 2 U.S. oil producer to reduce the environmental impact of its products and report on climate business risks. Shareholder proposals include wanting the company to report the impact of net zero 2050 scenarios on its business, according to the company's proxy filing on Thursday.

Chevron CEO M.K. Wirth total compensation tops $29 million in 2020, but falls 12.3% from the year before
Thu, 08 Apr 2021 15:36:00 +0000
Oil giant Chevron Corp. disclosed in its 2020 proxy statement filed Thursday that Chief Executive M.K. Wirth's total compensation for the year fell to $29.02 million from $33.07 million in 2019. As part of the compensation package, Wirth's base salary rose to $1.64 million from $1.57 million, the value of option awards grew to $3.88 million from $3.75 million and “all other compensation increased to $842,787 from $422,693, while the value of stock awards fell to $11.25 million from $11.66 million and the change in pension value and nonqualified deferred compensation earnings dropped to $11.41 million from $13.38 million. Also, Wirth didn't receive non-equity incentive plan compensation in 2020 after receiving $2.28 million in 2019. Included in all other compensation is a one-time $499,485 for perimeter and physical security enhancements as part of new home construction. Chevron's stock fell 1.3% in morning trading but has climbed 21.8% year to date. In 2020, the stock tumbled 29.9% while the SPDR Financial Select Sector ETF plunged 36.9% and the Dow Jones Industrial Average gained 7.3%.

Here's Why Matador Resources (MTDR) Looks Promising Right Now
Thu, 08 Apr 2021 15:10:03 +0000
Favorable crude pricing scenario continues to aid Matador Resources (MTDR).

Eni (E) Plans Investment of $7B in Angola, Expects Huge Growth
Thu, 08 Apr 2021 15:07:03 +0000
Eni (E) believes investments in Angola are extremely profitable and will provide ample growth opportunities.

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