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Chevron Trades at a Premium despite a Fall in the Stock in Q3

Chevron Trades at a Premium despite a Fall in the Stock in Q3

In the previous part of this series, we looked at Chevron’s (CVX) short interest changes. In this part, we’ll consider Chevron’s (CVX) forward valuations compared to its peers. Chevron (CVX) trades at a forward PE ratio of 14.0x, which is above its peer average of 11.6x.