Replies to post #24823 on The Rising Influence of Rising Affluence

[santafe2]

CVX is a core holding for me and still yielding 4.7% @ $114. I don't think it's a buy at this price but it's the best run traditional oil company for investors still interested in this area.

[DewDiligence]

CVX 2022 capex_budget=$15B—at the low end of the prior guidance of $15-17B (and much below annual pre-pandemic spending of >=$20B):

https://finance.yahoo.com/news/chevron-announces-15-billion-capital-220000782.html

CVX also raised its guidance for annual share buybacks to a range of $3-5B (up from the prior range of $2-3B, but still below pre-pandemic levels).

[DewDiligence]

CVX 4Q21 results…

PR:
https://chevroncorp.gcs-web.com/static-files/eea50e13-933b-44cc-b616-3dbfcfb22c18

CC slides:
https://chevroncorp.gcs-web.com/static-files/c6b0d066-9e2d-41ae-adf9-2ad2576d6ef8

Net income of $15.6B (including $5.1B in 4Q21) made 2021 CVX’s best year since 2014.

2021 production of 3.1 boed was CVX’s highest ever.