Over the last year, Chevron stock has seen a decreasing trend. If people will drive more often (since the overall market is improving) the stock price of all oil companies will likely increase, especially during the summer months. In the news we have : (http://www.nytimes.com/2013/04/27/business/slipping-oil-prices-weigh-on-chevrons-bottom-line.html?_r=0) slipping oil prices cut into oil company profits and (http://www.ogj.com/articles/print/volume-111/issue-4d/general-interest/csb-draft-report-says-neglect-led-to-chevron.html) Accident at oil refinery owned by Chevron will probably create negative publicity, which in turn will result in reduced stock prices.
I project that the stock will not be doing well anytime soon. Oil stock overall isn't doing too well, oil prices are dropping, and the individual issues within those companies will shred their stock value (Chevron included.) Purchasing this stock would have caused our investment to crash. The value of these stocks have been dropping.
- Paul Neyman
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