FY2026 EPS Estimates for Chevron Boosted by Erste Group Bank

Key Points

• Erste Group Bank raised Chevron’s FY2026 EPS forecast to $15.94 from $15.32, though it remains below the $16.24 consensus estimate; the bank projects FY2027 EPS of $13.40.
• Chevron’s latest quarterly results exceeded expectations, with EPS of $6.06 versus the $5.55 consensus and revenue of $67.20 billion, up 57.4% year over year.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus rating and an average price target of $207.48; Chevron also declared a quarterly dividend of $1.78 per share, yielding about 3.5% annually.

Chevron Corporation (NYSE:CVX - Free Report) - Equities researchers at Erste Group Bank upped their FY2026 earnings estimates for Chevron in a note issued to investors on Thursday, August 27th. Erste Group Bank analyst H. Engel now anticipates that the oil and gas company will post earnings of $15.94 per share for the year, up from their previous forecast of $15.32. The consensus estimate for Chevron's current full-year earnings is $16.24 per share. Erste Group Bank also issued estimates for Chevron's FY2027 earnings at $13.40 EPS.

Chevron (NYSE:CVX - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, beating analysts' consensus estimates of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The company had revenue of $67.20 billion for the quarter, compared to analysts' expectations of $62.72 billion. During the same period in the prior year, the company posted $1.77 EPS. Chevron's revenue was up 57.4% compared to the same quarter last year.

Other equities analysts have also issued reports about the company. Piper Sandler assumed coverage on Chevron in a report on Thursday, July 23rd. They issued an "overweight" rating and a $207.00 price target for the company. UBS Group reiterated a "buy" rating on shares of Chevron in a research note on Tuesday, June 23rd. Jefferies Financial Group reissued a "buy" rating and set a $216.00 price objective on shares of Chevron in a report on Friday, July 10th. TD Cowen raised their target price on Chevron from $200.00 to $205.00 and gave the stock a "hold" rating in a research note on Wednesday, August 5th. Finally, Sanford C. Bernstein lifted their target price on Chevron from $204.00 to $209.00 and gave the company a "market perform" rating in a report on Monday, August 3rd. Twenty analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Chevron presently has a consensus rating of "Moderate Buy" and an average target price of $207.48.

Chevron Trading Up 0.1%

Shares of CVX stock opened at $202.04 on Monday. The stock has a market capitalization of $399.18 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 0.60 and a beta of 0.49. The company's fifty day simple moving average is $187.44 and its two-hundred day simple moving average is $188.90. Chevron has a 1 year low of $146.49 and a 1 year high of $214.71. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98.

Institutional Trading of Chevron

Several institutional investors and hedge funds have recently modified their holdings of CVX. California State Teachers Retirement System boosted its stake in shares of Chevron by 19,425.5% during the second quarter. California State Teachers Retirement System now owns 432,663,934 shares of the oil and gas company's stock valued at $71,718,374,000 after purchasing an additional 430,448,040 shares during the period. BlackRock Inc. purchased a new position in shares of Chevron in the second quarter worth $25,663,729,000. State Street Corp increased its stake in shares of Chevron by 9.1% in the third quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company's stock worth $23,698,184,000 after buying an additional 12,789,399 shares during the period. Berkshire Hathaway Inc raised its holdings in Chevron by 6.6% during the 4th quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company's stock valued at $19,837,131,000 after buying an additional 8,091,570 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Chevron by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 43,613,011 shares of the oil and gas company's stock valued at $6,620,187,000 after buying an additional 134,890 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company's stock.

Insider Activity

In related news, insider Andrew Benjamin Walz sold 16,800 shares of Chevron stock in a transaction on Monday, August 17th. The stock was sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the completion of the sale, the insider owned 14 shares of the company's stock, valued at approximately $2,814.84. This trade represents a 99.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John B. Hess sold 710,665 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.10, for a total value of $137,940,076.50. Following the transaction, the director owned 363,711 shares of the company's stock, valued at approximately $70,596,305.10. The trade was a 66.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,152,582 shares of company stock worth $225,853,661. Company insiders own 0.56% of the company's stock.

Chevron Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be given a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Wednesday, August 19th. Chevron's payout ratio is 68.26%.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is reportedly nearing a deal to migrate all of its Venezuelan joint ventures into a new energy framework, potentially allowing greater operational control and key oilfield expansions. The company already accounts for roughly one-quarter of Venezuela’s oil production. Reuters: Chevron to complete deal in Venezuela to migrate, expand oil projects
• Positive Sentiment: Reports indicate Chevron and oil-services company Halliburton are close to agreements to invest billions of dollars in Venezuelan fields. For Chevron, the opportunity could create a long-term production-growth platform and strengthen its position if Venezuela moves further away from OPEC restrictions. Wall Street Journal: Chevron, Other U.S. Firms Near Deal to Invest Billions in Venezuelan Oil Fields
• Neutral Sentiment: Analyst-oriented coverage is comparing Chevron’s performance with TotalEnergies, while other reports highlight Chevron’s investments in nuclear-fusion technology. Fusion could eventually diversify the company beyond hydrocarbons, but the projects remain experimental and are unlikely to materially affect near-term earnings. Yahoo Finance: What Does Chevron Want From Its Nuclear Fusion Push?
• Negative Sentiment: Venezuelan opposition groups have criticized reports that U.S. companies could receive a large stake in the country’s energy industry. Political resistance, sanctions or regulatory uncertainty could delay the agreement, raise investment costs or limit the expected benefits. The Guardian: Venezuelan opposition reacts to potential U.S. oil stake
• Negative Sentiment: Dividend-focused coverage notes that Chevron’s payout remains exposed to commodity-price cycles. Although the dividend is supported by the company’s scale and balance sheet, weaker oil prices or heavy Venezuelan investment requirements could pressure future cash-flow flexibility. 247WallSt: Chevron or PepsiCo: Whose Dividend Is Standing on Thinner Ice?

Chevron Company Profile

Chevron Corporation NYSE: CVX is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron's core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.

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