Advertisement
UK markets open in 2 hours 39 minutes
  • NIKKEI 225

    37,917.28
    +288.80 (+0.77%)
     
  • HANG SENG

    17,626.75
    +342.21 (+1.98%)
     
  • CRUDE OIL

    83.87
    +0.30 (+0.36%)
     
  • GOLD FUTURES

    2,347.00
    +4.50 (+0.19%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • Bitcoin GBP

    51,395.05
    +65.78 (+0.13%)
     
  • CMC Crypto 200

    1,388.80
    +6.23 (+0.45%)
     
  • NASDAQ Composite

    15,611.76
    -100.99 (-0.64%)
     
  • UK FTSE All Share

    4,387.94
    +13.88 (+0.32%)
     

Why Chevron Is Trading at a Premium

Why Chevron Is Trading at a Premium

In the previous part of this series, we discussed Chevron’s (CVX) short interest changes. Chevron (CVX) is now trading at a forward PE (price-to-earnings ratio) of 18.2x, above its peer average of 15.2x. On the other hand, peers Royal Dutch Shell (RDS.A), BP (BP), and Total (TOT) are trading under the average at 10.8x, 13.7x, and 12.3x, respectively.