Chevron Corp (CVX) shares are under observation this morning, May 30th, as the energy major’s stock trades at $136.86 USD as of 10:07 AM GMT-4. This marks a decrease of $1.05, or 0.76%, in the current trading session, indicating some early selling pressure.
The stock began the day at $136.88 and saw an intraday high of $137.45 before experiencing a pullback. The lowest point reached so far today is $136.57. This price action places Chevron below its previous closing price of $137.91, suggesting a cautious start to the day for the oil and gas giant.
Despite the current dip, Chevron’s financial metrics offer points of interest. The company holds a Price-to-Earnings (P/E) ratio of 15.69, often indicative of a more mature and value-oriented company. Its significant market capitalization stands at 24.01KCr. Notably, Chevron offers a substantial dividend yield of 5.00%, a key attraction for income-seeking investors, particularly in fluctuating market conditions.
Looking at its performance over the past year, Chevron’s 52-week high is recorded at $168.96, with its 52-week low at $132.04. The current trading level positions the stock closer to its annual low, a factor that traders and long-term investors will be keenly evaluating. The market will be watching to see if support levels around the intraday low hold or if further tests towards the 52-week low are in store.
