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.