Chevron Stock Bullish Momentum With A 3% Rise on Friday, Will it Correct Next Week

Shares of Chevron rose 3.88% to $93.28 on Friday, following Thursday's downward trend. Chevron's last close was $89.80, 31.56% under its 52-week high of $122.72.

Chevron's Sales

Chevron's sales growth is a negative 22.6% for the present quarter and a decline by 1.1% for the next. The company's growth estimates for the current quarter and the next is a negative 96.6% and a negative 66.7%, respectively.

Chevron's Revenue

Year-on-year quarterly revenue growth declined by 31%, now sitting on 104.2B for the twelve trailing months.

Chevron's Stock Top and Bottom Yearly Value

Chevron's stock is valued at $93.28 on Friday, way below its 52-week high of $122.72 and way higher than its 52-week low of $51.60.

Chevron's Moving Average

Chevron's worth is way above its 50-day moving average of $79.30 and way above its 200-day moving average of $84.03.

Previous days news about Chevron

Chevron slashes spending plans as coronavirus hammers oil demand. According to The Wall Street Journal on Thu Dec 3, "Chevron Corp. said it would cut its annual capital spending budget by 26% next year and sharply through the middle of the decade, as the coronavirus pandemic forces an industry-wide reappraisal of fossil-fuel investment." Chevron slashes long-term spending plan in wake of oil slump. According to Bloomberg Quint on Thu Dec 3, "Chevron Corp. followed arch-rival Exxon Mobil Corp. in cutting its long-term capital spending plans, responding to this year's™ slump" According to The Wall Street Journal on Fri Dec 4, "Chevron Corp. on Thursday said it will cut its annual capital spending budget by 26% next year and sharply through the middle of next decade, as the coronavirus pandemic forces an industry-wide reappraisal of fossil fuel investment."