Today I'm reviewing a large-cap oil & gas integrated firm by the name of Chevron Corporation. Its trading ticker symbol is CVX.

Chevron Corp integrates exploration, production, and refining operations of oil and gas worldwide. Its oil refineries are spread across the United States, South Africa, and Asia with an approximate capacity of 2 million barrels of oil a day.

The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production of crude oil and natural gas.

The Downstream segment engages in refining crude oil into petroleum products; marketing crude oil and refined products. It is also involved in the cash management and debt financing activities; insurance operations; real estate activities; and technology businesses.

The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California.

I use three key data points to gauge the value of any dividend equity or fund like Chevron Corporation(CVX ): 

(1) Price

(2) Dividends

(3) Returns

Besides those three, four more keys will finally unlock an equity or fund in which to invest.

But those first three primary keys, best tell whether a company has made, is making, and will make money. 

CVX Price

Chevron's price per share was $125.18 at yesterday's market close. A year ago its price was $110.35 for a gain of $14.83 per share.  

Assuming Chevron's price will trade in the range of $105 to $145 next year, that $14.83 gain would take its current $125.18 price to $140.01 by early August, 2019. 

CVX Dividends

Chevron's most recent quarterly dividend was $1.12declared July 26and payableSeptember 10.

At that most recent quarterly pay rate, its 2018 annual dividend is calculated at $4.48yielding3.57% at yesterdays closing $125.18 price.

Gains For CVX?

Adding the $4.48 estimated annual dividend to the $14.83year over year theoretical price gain for Chevron makes a $19.31gross annual per share gain, which will be reduced by costs to trade the shares.  

A little over $1,000.00 invested today at the $125.18 recent price buys 8 Chevron Corporation shares. 

A $10 broker fee paid half at purchase and half at sale costs about $1.25 per share, subtracting that $1.25 brokerage cost from the estimated $19.31 gross gain leaves a net gain of $18.06 X 8 shares = $144.48 or a 14.4% net gain on a $1,001.44 investment.

Therefore, Chevron Corporation, whose trading ticker symbol is CVX, now shows a possible 14.4% net gain including a 3.57% dividend yield. 

Twenty-three analysts cover this stock:

Eleven say "buy"

Four say CVX will "outperform" its peers.

Eight rate it "hold".

So, the analyst consensus recommendation is 1.87 or "outperform".

The price target set by those twenty-three brokers is $3.28 above the $140.01 year over year price target I stated. 

Y Charts has data too. Y Charts has rated CVX "neutral" for an overall "Y" rating; it has "good" for a Value score, and "strong" for a Fundamental mark as well as "7.24% under" for aHistoric Valuation score based on a historic $134.96 valuation.

So, you could look at all the numbers this way, Chevron Corporation (CVX) has made money, is making money, and could net a 14.4%gain including a 3.57% dividend yield. It could be more, it could be less.

The above speculation is based on past year performance. Actual results remain to be seen. Results could turn out to be far higher or lower. More study is required for you to determine ifChevron Corporation (CVX) s worth your time and money.