How To Buy Chevron Stock – Best Trading Apps 2021
Looking for a stock trading app to trade Chevron that ticks all your boxes?
Share Trading Apps Comparison
| Trading Platforms: | Features:* | Go To Site: |
 | DEGIRO are one of largest and cheapest brokers in Europe. Access to over 50 markets in 30 countries. Low commissions/fees. User-friendly, simple platform. Investing involves risk of loss. | See Deal » |
 | Interactive Investor are the UK's #1 flat fee platform. Over 350,000 customers. Capital at risk. | See Deal » |
 | AJ Bell offers overseas trading in 24 international markets. Capital at risk. | See Deal » |
 | IG Trade & invest with the world's leading online trading provider.** Trade over 17,000 markets with spread bets and CFDs and invest in thousands of global shares & ETFs. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Capital at risk. | See Deal » |
 | SAXO Access over 30,000+ stocks across 60+ exchanges worldwide. Ultra competitive pricing. Benefit from extensive charting with 50+ technical indicators, integrated Trade Signals and innovative risk management tools. Investing involves risk of loss. | See Deal » |
 | Hargreaves Lansdown The UK's #1 broker. Price improvement service helps you get the best price for your shares. Capital at risk. | See Deal » |
*Please note that additional fees may be applied by platform/App providers for their services. ** No 1 For CFDs and spread betting, based on revenue excluding FX (published financial statements, October 2021).
What the right stock trading platform is for you will depend on your requirements.
How to buy Chevron stock
Our view: The next generation of online trading platform means you can get setup & buy Chevron stock in as little as 5 minutes!
- Select a stock platform – See our top platform picks
- Open your stock account – To do this you will need your bank details and national insurance number
- Fund your account – You will need to fund your a/c with a debit or credit card or bank transfer
- Search for the stock using the Chevron stock code – Type in the CVX stock code into the search box
- Check out the latest info and price for the selected stock – Some platforms offer free research and analysis
- Buy the stock – Nice and easy!
How to select a stock trading platform?
Trading platform services offered vary widely, and so do the costs.
5 things to think about:
1. How do you want to trade ?
There are different ways to trade stocks online:
a. Short term trading – Spread betting & CFDs
Looking to take advantage of short term opportunities in the market?
With derivatives trading you can use products such as CFDs and spread bets to speculate on Chevron’s stock price increasing or decreasing without having to take direct ownership of the stocks themselves.
CFDs (Contracts For Difference) and spread betting are leveraged products, which means you can gain full exposure to company shares while only putting down a small deposit. While this magnifies possible profits, it does the same for losses.
CFDs & spread bets are popular among short term traders as profits and losses are realised immediately – making it faster to open and close trades. However, this doesn’t mean you can’t use them for longer-term positions too. You’d just need to consider the costs involved in maintaining a position – such as overnight funding – and the bet duration as spread bets do have fixed terms.
They also enable you to buy and sell stocks online without ever owning the underlying asset. This has tax benefits and means you can trade both rising and falling markets (Tax laws are subject to change).
b. Long term trading – Investing in Chevron shares
Looking to take a longer term position in Chevron shares?
Share dealing services enables you to invest in company shares with a view to selling them for a profit at a later date. When you buy shares in Chevron you become a part owner of that Company and gain shareholder rights including any income that is paid as dividends.
Different share dealing services have different charging structures. Some platforms offer commission free share dealing, but most operate on a fixed fee per trade with usually a reduction in this fee if you carry out more than a certain number of trades per month.
With profits you make on share trading capital gains and dividends earned may be subject to tax at your personal rate. Tax can be mitigated if you trade within an ISA or Self Invested Personal Pension account.
2. Do you want to do a lot of trading?
Active investors will want to look for a platform that offers the lowest fees for volume trades.
If you are going to trade Chevron stock regularly most trading platforms will offer lower trading prices based on volume.
3. How easy to use is this trading platform: what kind of tools and customer service does it offer?
How easy is the platform to use to buy and sell Chevron shares for new traders/investors?
Platform functionality is becoming the key battleground in persuading traders which platform to go for.
Mobile app features are also key in offering traders alerts and buy/sell signals whilst on the move.
These are often the criteria that count most highly with users, so do some research and read the reviews.
Many investors are prepared to pay a bit more in fees for a platform that offers really useful apps and services.
4. Types of trading accounts for long term trading?
Some trading platforms offer as well as general share trading accounts, ISA accounts and Self Invested Personal Pension Accounts which offer tax free trading benefits (no tax on dividends or capital gains tax on realised profit).
5. Do you want to trade just in shares, funds, or stocks & funds?
If you also interested in investing or trading in funds then this again may determine who you go with.
If you are interested in ETFs, Investment Trusts, Open Ended Investment Companies (OEICs) or Unit Trusts then you will need to check with the platform provider what is available. E.g. Some platforms only offer a limited number of collectives such as OEICs.
Charging structured for funds held on the platform will vary. Over time the impact of such charges can be significant. Check the platform charging structure carefully.
About Chevron
Chevron are one of the largest oil companies in the world.
Headquartered in California, US, they have operations in over 180 countries worldwide but are most active on the west coast of North America, the U.S. Gulf Coast, Southeast Asia, Australia and South Korea.
Chevron operates in all aspects of the oil and gas industry, from refinement and the transportation of materials through to power generation.
The company’s history dates back to 1879, but they did not start using the Chevron brand until the 1930s when it was attached to some of its energy products. Notably, the company was one of the Seven Sisters that dominated the global petroleum industry from the 1940s to the 1970s.
The company officially renamed to Chevron U.S.A Inc in 1977 in a major organisational change that hoped to establish a consolidated organization and create a nationwide identity.
Today, Chevron has a market capitalisation of over $200 billion, and their shares are listed publicly on the New York Stock Exchange.
Chevron Trading News
Chevron released their 2021 Q3 earnings on 29th October this year, and the financial results marked an improvement on recent years.
Among other financial highlights, sales and other operating revenues in the third quarter of 2021 were $43 billion. This was compared to $24 billion in the same period one year prior, marking significant improvement.
Chevron’s Chairman and CEO Mike Wirth said of the results:
“Third quarter earnings were the highest since first quarter 2013 largely due to improved market conditions, strong operational performance and a lower cost structure”.
The company also paid dividends of $2.6 billion during the quarter and reduced their debt by $5.6 billion, lowering their net debt ratio to under 19%.
Historically, the company has paid a healthy yield of dividends to shareholders which attracts investors. In 2020, they paid total dividends for the year of approximately 6.1% to shareholders.
Looking at their financial results in comparison to before the pandemic, one notable factor is that their operating costs are down while their upstream production levels are up – meaning the company is more capital efficient.
Looking ahead, the company expects the recovery of jet fuel sales to bolster business, with this section of the market having been severely impacted by the global pandemic and travel restrictions.
Earlier in October the company also announced an agreement to acquire Neste’s Group III base oils business and its NEXBASE brand. They are looking to complete the takeover in the first quarter of 2022 pending approval from regulators, and state that it will improve their flexibility in the market in response to environmental pressures on the industry.
The company’s overarching objective for the future is higher returns and lower carbon.
This bodes well for a company operating in an industry scrutinised for its environmental impact. The company actively stress-tests its portfolio against potential environmental legislation coming into play in its annual Climate Change Resilience Report.
With forecasters predicting that the world’s energy demand could increase by about one-third by 2040, the company’s focus is on keeping up with demand while ensuring the sustainability of energy resources for the future.
IMPORTANT:
No news, feature article or comment should be seen as a personal recommendation to invest. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular plan. If you are at all unsure of the suitability of a particular product, both in respect of its objectives and its risk profile, you should seek independent financial advice.
The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 67%-70% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.
Tax treatment of ISAs depends on your individual circumstances and is based on current law which may be subject to change in the future. ISA transfer charges may apply, please check with your provider.
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