NEW YORK (

TheStreet

) --

Chevron Corporation

(NYSE:

CVX

) hit a new 52-week high Tuesday as it traded at $107.18 compared with its previous 52-Week high of $107.10. Chevron is changing hands at $107.02 with three million shares traded as of 12:46 p.m. ET. Average volume has been 8.4 million shares over the past 30 days.

Chevron has a market cap of $214.4 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 16.2% year to date as of the close of trading on Monday.

Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. It operates in two segments, Upstream and Downstream. The company has a P/E ratio of 11.3, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 16.2.

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TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Chevron Ratings Report

.

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