NeutralCVXChevronChevronSPYS&P 500S&P 500
9/27/2026 on
$CVX vs. SPX A buy at 2% a sell at 9% https://t.co/7Sl2PGhU1e
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🛢Oil Histories | 📈 Macro | 📖 Company Histories | 💣 📈served up via bomb @$$ charts! Not investment advice………..👇🏼my substack!
Cite asCryptoQuant has tracked the directional calls on CVX by @crudechronicle on X since Aug 2023: not yet scored on CVX (as of Nov 12, 2026).
Other assets covered (1)
4 CVX calls on record, a thin history.
Relative view by default: fewer than 30 CVX calls or days on record.
Sentiment timeline shows relative sentiment within this analyst's history. A perma-bull showing 8 bullish : 2 bearish in a bear market sets that as their baseline. If you notice any errors, claim @crudechronicle to submit corrections.
Hover the chart to read the thesis of that period · click a day to pin it
$CVX vs. SPX A buy at 2% a sell at 9% https://t.co/7Sl2PGhU1e
View original →Shareholders create the "material constraints" on what executives can do via how management is paid and what shareholders demand. Beginning in 2018, $CVX board and management responded to shareholders by changing how executives were paid as shareholders demanded more returns and to not just pursue growth for the sake of growth. Since then Chevron, along with Exxon, has been able to achieve something they have never done before in history. Shareholder returns exceeding capex. CVX has been rewarded with a higher multiple which it has used to acquire companies that are not able to achieve the same. When boards and executives decide to change these constraints, stocks will respond by either lowering the cost of equity (WACC) or raising it. Thus the material constraints are still in place. VZ has not changed CVX's capex guidance which signals to the market it is not changing its capital allocation. Read through - the material constraints are still in place to the benefit of shareholders. This could change in the future. For now I am taking the under on the hype on VZ growth.
View original →Using the same thought process, Oil was down 18% in 2025 and XOM was up 11.5% and CVX 32% before dividends. Oil is just an input into the value creation process. These stocks move on their ability to create value or ROC>WACC. Always have always will. Long onlys are not buying into these names for an oil geopolitical but they will put capital to work when they are convinced there is a value proposition to be made or a rate of change in the value proposition that they cant find in the market because markets move on the margin. So the question becomes, where do you think one's capital will be treated best?
View original →$XOM and $CVX Another quarter and another year in the books https://t.co/d0ChFCBAhn
View original →The point of all this is that if as DJT says, “We’re going to have our very large United States oil companies — the biggest anywhere in the world — go in, spend billions of dollars, fix the badly broken infrastructure, the oil infrastructure,” Then they will need to earn a healthy return on capital (10% is the LT average of this industry) Right now industry is earning less than that. So either, they need prices to rise or they need some of the most favorable contracting terms. Companies like $XOM, $CVX and $COP that still have assets in the country.
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