2. As of noon trading, Chevron ( CVX) is up $0.73 (0.6%) to $119.55 on average volume Thus far, 2.3 million shares of Chevron exchanged hands as compared to its average daily volume of 5.6 million shares. The stock has ranged in price between $118.76-$119.78 after having opened the day at $118.99 as compared to the previous trading day's close of $118.82. Chevron Corporation, through its subsidiaries, engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. It operates in two segments, Upstream and Downstream. Chevron has a market cap of $230.8 billion and is part of the basic materials sector. The company has a P/E ratio of 8.9, below the S&P 500 P/E ratio of 17.7. Shares are up 9.9% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Chevron a buy, no analysts rate it a sell, and 3 rate it a hold. TheStreet Ratings rates Chevron as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Chevron Ratings Report now. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.