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Long-term buy of Chevron Corporation shares

analytics
12 May 2017 , 17:41

Chevron is the American petroleum production corporation. It occupies a leading position in the world ranking of Fortune Global 500. Since the company's shares depend on the value of their main source of income, oil, the dynamics in the past few years has shown a decline. However, today the prospects for the resumption of long-term purchases are returning.

External factors

The company's success directly depends on the dynamics of oil prices. So on May 25 the meeting of the largest miners of this resource will take place, with the main topic of discussion - reduction of the total volume of production. Saudi Arabia, as well as the Russian Federation, are optimistic about this issue and are ready to agree on an additional level of reduction.

In addition, the agenda will have the opportunity to extend the current agreement (from September 2016) on reducing production levels. If oil-producing countries agree on a reduction in production, this will immediately raise the demand for "black gold" because of the high probability of an increase in the future price. In addition, in June, a planned meeting of members of the OPEC cartel will take place. 

In order to further explore the analysis, as well as the entry point to the position, you can see full details in the personal account of our TSI Trading Pro platform.

 

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