What is CVX Stock?
CVX Stock is the common stock of Chevron Corporation, an American multinational energy corporation. Chevron engages in integrated energy, chemicals, and refining operations, and is one of the world’s largest integrated energy companies. It is ranked the 18th largest company in the world by Forbes Global 2000. Chevron is headquartered in San Ramon, California, and its common stock is listed on the New York Stock Exchange (NYSE: CVX).
CVX Stock Split History
Chevron Corporation has an extensive stock split history over the past few decades. The company has split its stock 11 times since its initial public offering in the early 1990s. The most recent stock split occurred in February 2021 when the company announced a 2-for-1 split of its common stock. Prior to that, the company underwent a 2-for-1 split in May 1999, a 3-for-1 split in April 1995, and a 2-for-1 split in August 1988.
Previous Stock Splits
Chevron Corporation has split its stock 11 times since its initial public offering in the early 1990s. The splits occurred in the following years: 2021, 1999, 1995, 1988, 1983, 1982, 1980, 1977, 1973, 1972, and 1971. The company has consistently implemented stock splits to make its common stock more affordable and accessible to investors.
Impact on Share Price
Stock splits are generally viewed as a positive event by investors, as they can increase the demand for a company’s stock. The increase in demand can, in turn, lead to an increase in the company’s share price. This is because investors are more likely to buy a stock when it is trading at a lower price. In the case of Chevron Corporation, the company’s share price has increased significantly since its initial public offering in the early 1990s.
Final Thoughts
Chevron Corporation has an extensive stock split history over the past few decades. The company has split its stock 11 times since its initial public offering in the early 1990s. Stock splits are generally viewed as a positive event by investors, as they can increase the demand for a company’s stock and, in turn, lead to an increase in the company’s share price. Investors should consider Chevron Corporation’s stock split history when making investment decisions.