FY2026 EPS Estimates for Chevron Increased by Analyst

Key Points

• Erste Group Bank raised Chevron’s FY2026 EPS estimate to $15.32 from $14.58, though it remains below the $15.86 consensus forecast. The analyst also projects FY2027 EPS of $13.14.
• Chevron reported a strong second quarter, with $6.06 EPS versus the $5.55 consensus and revenue of $67.20 billion versus $62.72 billion expected; revenue increased 57.4% year over year.
• Analysts maintain a generally favorable outlook, with a consensus “Moderate Buy” rating and a $207.48 price target, while Chevron offers a $1.78 quarterly dividend yielding about 3.7%. However, substantial insider selling and exposure to oil-price volatility remain risks.

Chevron Corporation (NYSE:CVX - Free Report) - Erste Group Bank boosted their FY2026 earnings estimates for shares of Chevron in a report released on Wednesday, August 5th. Erste Group Bank analyst H. Engel now expects that the oil and gas company will earn $15.32 per share for the year, up from their prior estimate of $14.58. The consensus estimate for Chevron's current full-year earnings is $15.86 per share. Erste Group Bank also issued estimates for Chevron's FY2027 earnings at $13.14 EPS.

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

A number of other equities analysts also recently commented on the company. Zacks Research downgraded Chevron from a "strong-buy" rating to a "hold" rating in a report on Monday, June 8th. Bank of America lifted their price target on Chevron from $210.00 to $227.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. Dbs Bank upgraded shares of Chevron to a "moderate buy" rating in a report on Thursday, August 6th. Royal Bank Of Canada restated an "outperform" rating and issued a $220.00 price objective on shares of Chevron in a report on Tuesday, May 5th. Finally, Morgan Stanley reduced their price objective on Chevron from $214.00 to $210.00 and set an "overweight" rating for the company in a research report on Monday, June 29th. Nineteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.48.

Chevron Stock Up 4.3%

Shares of NYSE CVX opened at $194.57 on Tuesday. The company has a market cap of $384.43 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 0.57 and a beta of 0.49. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The firm's fifty day moving average is $182.55 and its 200 day moving average is $186.14. Chevron has a 52 week low of $146.49 and a 52 week high of $214.71.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be given a dividend of $1.78 per share. The ex-dividend date is Wednesday, August 19th. This represents a $7.12 annualized dividend and a yield of 3.7%. Chevron's payout ratio is 68.26%.

Insider Transactions at Chevron

In other Chevron news, CEO Michael K. Wirth sold 5,547 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $187.00, for a total value of $1,037,289.00. Following the completion of the sale, the chief executive officer owned 26,308 shares in the company, valued at approximately $4,919,596. This represents a 17.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John B. Hess sold 710,665 shares of the 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 sale, the director owned 363,711 shares of the company's stock, valued at $70,596,305.10. This represents a 66.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,196,212 shares of company stock worth $231,819,366. Insiders own 0.56% of the company's stock.

Hedge Funds Weigh In On Chevron

Several institutional investors have recently bought and sold shares of the stock. Cornerstone Advisory LLC increased its stake in Chevron by 0.9% in the 1st quarter. Cornerstone Advisory LLC now owns 5,625 shares of the oil and gas company's stock worth $1,164,000 after acquiring an additional 52 shares during the last quarter. Compton Financial Group LLC grew its position in Chevron by 1.9% in the first quarter. Compton Financial Group LLC now owns 2,944 shares of the oil and gas company's stock worth $609,000 after acquiring an additional 56 shares in the last quarter. Quantum Portfolio Management LLC increased its stake in Chevron by 2.7% during the first quarter. Quantum Portfolio Management LLC now owns 2,101 shares of the oil and gas company's stock worth $435,000 after acquiring an additional 56 shares during the last quarter. Wealthspire Retirement LLC raised its position in Chevron by 0.9% during the first quarter. Wealthspire Retirement LLC now owns 6,530 shares of the oil and gas company's stock valued at $1,351,000 after purchasing an additional 56 shares during the period. Finally, D.B. Root & Company LLC lifted its stake in shares of Chevron by 1.0% in the 4th quarter. D.B. Root & Company LLC now owns 5,552 shares of the oil and gas company's stock valued at $846,000 after purchasing an additional 57 shares during the last quarter. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron News Roundup

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Hess synergies are ahead of schedule. Chevron reportedly expects the acquisition to support faster production growth, greater free cash flow and stronger per-share earnings accretion through 2030. The company has also reached its $3 billion annualized structural cost-reduction target six months early. Can Chevron's Hess Synergies Extend Growth and Lift Cash Flow Further?
• Positive Sentiment: Chevron’s operating momentum remains strong. The company exceeded second-quarter expectations with earnings of $6.06 per share versus a $5.55 consensus estimate and revenue of $67.2 billion versus $62.72 billion expected. Record production, strong cash generation and improved execution reinforce the investment case. CVX's Q2 Earnings Beat
• Positive Sentiment: Crude prices are providing a near-term tailwind. Brent crude recovered to roughly $89 per barrel after trading in the high $60s in early July, as renewed uncertainty over shipping through the Strait of Hormuz and limited progress in U.S.-Iran discussions raised supply-disruption concerns. Higher oil prices generally improve Chevron’s upstream earnings and cash flow. Chevron Stock Jumps as Hormuz Doubts Lift Oil
• Neutral Sentiment: Chevron and other major oil companies generated unusually strong second-quarter profits and cash flow during the oil-price surge. However, elevated fuel prices could invite political pressure or additional policy responses, including possible changes to the Jones Act. Global Oil Majors Cash In on Oil Surge
• Negative Sentiment: The rally remains exposed to commodity-price volatility. A retreat in crude prices, weaker geopolitical risk premiums or planned maintenance could reduce near-term earnings and test the stock’s momentum. CVX's Q2 Earnings Beat

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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