Chevron Corporation (Chevron) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. The Company operates through two business segments: Upstream and Downstream. Upstream operations consist primarily of exploring for, developing and producing crude oil and natural gas; liquefaction, transportation and regasification associated with liquefied natural gas; transporting crude oil by international oil export pipelines; processing, transporting, storage and marketing of natural gas, and a gas-to-liquids plant. Downstream operations consist primarily of refining of crude oil into petroleum products; marketing of crude oil and refined products; transporting of crude oil and refined products, and manufacturing and marketing of commodity petrochemicals.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Petroleum Refining
- Sub-Industry: Integrated Oil & Gas
- Symbol: NYSE:CVX
- CUSIP: 16676410
- Web: www.chevron.com
- Market Cap: $199.16 billion
- Outstanding Shares: 1,894,556,000
- 50 Day Moving Avg: $104.80
- 200 Day Moving Avg: $108.29
- 52 Week Range: $97.53 - $119.00
Sales & Book Value:
- Trailing P/E Ratio: 68.71
- Foreward P/E Ratio: 21.59
- P/E Growth: 0.58
- Annual Revenue: $111.74 billion
- Price / Sales: 1.78
- Book Value: $77.38 per share
- Price / Book: 1.36
- Annual Dividend: $4.32
- Dividend Yield: 4.2%
- EBIDTA: $16.63 billion
- Net Margins: 2.34%
- Return on Equity: 3.58%
- Return on Assets: 2.03%
- Debt-to-Equity Ratio: 0.25%
- Current Ratio: 1.04%
- Quick Ratio: 0.83%
- Average Volume: 5.40 million shs.
- Beta: 1.23
- Short Ratio: 3.82
Frequently Asked Questions for Chevron Corporation (NYSE:CVX)
What is Chevron Corporation's stock symbol?
Chevron Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "CVX."
How often does Chevron Corporation pay dividends? What is the dividend yield for Chevron Corporation?
Chevron Corporation declared a quarterly dividend on Wednesday, July 26th. Stockholders of record on Friday, August 18th will be paid a dividend of $1.08 per share on Monday, September 11th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.11%. View Chevron Corporation's Dividend History.
How were Chevron Corporation's earnings last quarter?
Chevron Corporation (NYSE:CVX) announced its quarterly earnings data on Friday, April, 28th. The company reported $1.41 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.85 by $0.56. The business earned $33.42 billion during the quarter, compared to analysts' expectations of $34.05 billion. Chevron Corporation had a return on equity of 3.58% and a net margin of 2.34%. Chevron Corporation's revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.39) earnings per share. View Chevron Corporation's Earnings History.
When will Chevron Corporation make its next earnings announcement?
Where is Chevron Corporation's stock going? Where will Chevron Corporation's stock price be in 2017?
21 analysts have issued 1-year target prices for Chevron Corporation's shares. Their forecasts range from $100.00 to $135.00. On average, they anticipate Chevron Corporation's share price to reach $116.28 in the next twelve months. View Analyst Ratings for Chevron Corporation.
What are analysts saying about Chevron Corporation stock?
Here are some recent quotes from research analysts about Chevron Corporation stock:
- 1. According to Zacks Investment Research, "For more than three years, Chevron has seen its stock price decline precipitously, as the commodity downturn has taken its toll on the entire industry. Since July 2014, shares of the No. 2 U.S. energy producer have dived 20% - a significant fall considering its status as a ‘traditionally defensive stock’. Consequently, with oil and natural gas prices collapsing, the U.S. energy major’s upstream division’s revenues, earnings and cash flows have taken a beating. Moreover, Chevron is still outspending its cash flow, making it dependent on asset sales. In the wake of weak industry sentiment and apprehensions of more punishing times ahead with future cash flows drying up, we see little reason for investors to hold the stock." (7/17/2017)
- 2. Jefferies Group LLC analysts commented, "The messages from Chevron's analyst meeting were in line with expectations: the cash cycle is improving; capex is being tightly controlled; production growth will accelerate; and Permian will be a key growth contributor, rising to 325-450 kbde by 2020." (3/8/2017)
- 3. BMO Capital Markets analysts commented, "We have focused on Chevron's 20+ upstream and new growth investments, including the Permian. These assets are forecast to deliver production, margin, and cash flow growth, while forecast capital investment is decreasing and becoming increasingly more flexible." (9/12/2016)
Who are some of Chevron Corporation's key competitors?
Some companies that are related to Chevron Corporation include Exxon Mobil Corporation (XOM), Royal Dutch Shell PLC (RDS.B), Royal Dutch Shell PLC (RDS.A), PetroChina Company Limited (PTR), TotalFinaElf, S.A. (TOT), BP p.l.c. (BP), China Petroleum & Chemical Corporation (SNP), Schlumberger N.V. (SLB), Enbridge (ENB), Enterprise Products Partners L.P. (EPD), Statoil ASA (STO), Petroleo Brasileiro S.A.- Petrobras (PBR), ENI S.p.A. (E), EOG Resources (EOG), ConocoPhillips (COP), Petroleo Brasileiro S.A.- Petrobras (PBR.A), Suncor Energy (SU) and CNOOC Limited (CEO).
Who are Chevron Corporation's key executives?
Chevron Corporation's management team includes the folowing people:
- John S. Watson, Chairman of the Board, Chief Executive Officer
- Michael K. Wirth, Vice Chairman of the Board, Executive Vice President
- Patricia E. Yarrington, Chief Financial Officer, Vice President
- Pierre R. Breber, Executive Vice President - Downstream & Chemicals
- Joseph C. Geagea, Executive Vice President - Technology, Projects and Services
- James W. Johnson, Executive Vice President - Upstream
- Robert Hewitt Pate, Vice President, General Counsel
- Ronald D. Sugar Ph.D., Lead Independent Director
- Wanda M. Austin Ph.D, Independent Director
- Linnet F. Deily, Independent Director
Who owns Chevron Corporation stock?
Chevron Corporation's stock is owned by many different of institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (0.20%), US Bancorp DE (0.13%), Strs Ohio (0.10%), Russell Investments Group Ltd. (0.09%), Chevy Chase Trust Holdings Inc. (0.09%) and Public Employees Retirement Association of Colorado (0.08%). Company insiders that own Chevron Corporation stock include Inge G Thulin, James William Johnson, Jeanette L Ourada, Joseph C Geagea, Linnet F Deily, Michael K Wirth, Patricia E Yarrington and Pierre R Breber. View Institutional Ownership Trends for Chevron Corporation.
Who sold Chevron Corporation stock? Who is selling Chevron Corporation stock?
Chevron Corporation's stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Cornerstone Investment Partners LLC, Forsta AP Fonden, James Investment Research Inc., Rockefeller Financial Services Inc., Strs Ohio, NN Investment Partners Holdings N.V. and Exxonmobil Investment Management Inc. TX. Company insiders that have sold Chevron Corporation stock in the last year include James William Johnson, Jeanette L Ourada, Joseph C Geagea, Linnet F Deily, Michael K Wirth and Pierre R Breber. View Insider Buying and Selling for Chevron Corporation.
Who bought Chevron Corporation stock? Who is buying Chevron Corporation stock?
Chevron Corporation's stock was bought by a variety of institutional investors in the last quarter, including Mn Services Vermogensbeheer B.V., Russell Investments Group Ltd., Fisher Asset Management LLC, National Pension Service, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Atalanta Sosnoff Capital LLC, Sit Investment Associates Inc. and Confluence Investment Management LLC. Company insiders that have bought Chevron Corporation stock in the last two years include Inge G Thulin and Joseph C Geagea. View Insider Buying and Selling for Chevron Corporation.
How do I buy Chevron Corporation stock?
Shares of Chevron Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Chevron Corporation's stock price today?
MarketBeat Community Rating for Chevron Corporation (NYSE CVX)MarketBeat's community ratings are surveys of what our community members think about Chevron Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Chevron Corporation stock can currently be purchased for approximately $105.12.
Consensus Ratings for Chevron Corporation (NYSE:CVX) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||4 Sell Ratings, 3 Hold Ratings, 14 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.48)|
|Consensus Price Target: ||$116.28 (10.61% upside)|
Analysts' Ratings History for Chevron Corporation (NYSE:CVX)
(Data available from 7/26/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/21/2017||Citigroup Inc.||Lower Price Target||Buy||$129.00 -> $118.00||Low|
|7/17/2017||Wells Fargo & Company||Downgrade||Outperform||$124.00 -> $102.00||Low|
|7/17/2017||Wolfe Research||Downgrade||Outperform -> Market Perform||Low|
|7/12/2017||Barclays PLC||Reiterated Rating||Overweight||$116.00 -> $125.00||Low|
|7/6/2017||Royal Bank Of Canada||Downgrade||Sector Perform -> Underperform||$112.00 -> $100.00||Low|
|6/24/2017||Jefferies Group LLC||Set Price Target||Buy||$135.00||Low|
|6/22/2017||BMO Capital Markets||Set Price Target||Buy||$130.00||Low|
|6/21/2017||Macquarie||Downgrade||Outperform -> Neutral||$105.00||Medium|
|6/5/2017||HSBC Holdings plc||Upgrade||Hold -> Buy||$124.00 -> $119.00||Low|
|5/26/2017||Exane BNP Paribas||Downgrade||Neutral -> Underperform||$105.00 -> $100.00||N/A|
|5/11/2017||Bank of America Corporation||Reiterated Rating||Buy||$145.00 -> $135.00||Low|
|4/19/2017||Simmons||Lower Price Target||Overweight||$129.00 -> $124.00||Low|
|3/3/2017||Credit Suisse Group||Reiterated Rating||Hold||N/A|
|2/27/2017||Evercore ISI||Reiterated Rating||Underweight||N/A|
|12/18/2016||Goldman Sachs Group, Inc. (The)||Upgrade||Buy||N/A|
|12/12/2016||J P Morgan Chase & Co||Reiterated Rating||Overweight||N/A|
|12/1/2016||Independent Research GmbH||Upgrade||Hold -> Buy||N/A|
|11/1/2016||Morgan Stanley||Upgrade||Equal Weight -> Overweight||$113.00 -> $130.00||N/A|
|8/9/2016||Piper Jaffray Companies||Upgrade||Neutral -> Overweight||$110.00 -> $117.00||N/A|
|5/12/2016||Collins Stewart||Reiterated Rating||Buy||N/A|
|3/22/2016||Raymond James Financial, Inc.||Downgrade||Outperform -> Market Perform||N/A|
|3/10/2016||Deutsche Bank AG||Reiterated Rating||Buy||$103.00||N/A|
|1/25/2016||Tudor Pickering||Upgrade||Accumulate -> Buy||N/A|
|1/21/2016||Robert W. Baird||Initiated Coverage||Outperform||$108.00||N/A|
|12/15/2015||Cowen and Company||Reiterated Rating||Outperform||$95.00 -> $122.00||N/A|
|12/14/2015||Howard Weil||Upgrade||Sector Perform -> Sector Outperform||$101.00||N/A|
|10/23/2015||Oppenheimer Holdings, Inc.||Reiterated Rating||Market Perform||N/A|
|8/21/2015||Societe Generale||Lower Price Target||Buy||$115.00 -> $99.00||N/A|
|8/1/2015||S&P Equity Research||Downgrade||Hold||$96.00||N/A|
Earnings History for Chevron Corporation (NYSE:CVX)Earnings History by Quarter for Chevron Corporation (NYSE CVX)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|4/28/2017||Q1 17||$0.85||$1.41||$34.05 billion||$33.42 billion||View||N/A|
|1/27/2017||Q416||$0.64||$0.22||$35.24 billion||$31.50 billion||View||N/A|
|10/28/2016||Q316||$0.39||$0.68||$29.71 billion||$30.14 billion||View||Listen|
|7/29/2016||Q216||$0.32||($0.78)||$25.78 billion||$29.28 billion||View||Listen|
|4/29/2016||Q116||($0.10)||($0.39)||$21.47 billion||$23.53 billion||View||Listen|
|1/29/2016||Q415||$0.46||($0.31)||$29.70 billion||$29.25 billion||View||Listen|
|10/30/2015||Q315||$0.76||$1.09||$31.10 billion||$34.32 billion||View||Listen|
|7/31/2015||Q215||$1.16||$0.30||$28.26 billion||$37.00 billion||View||Listen|
|5/1/2015||Q115||$0.74||$1.37||$28.32 billion||$32.00 billion||View||Listen|
|1/30/2015||Q414||$1.67||$1.85||$40.27 billion||$46.09 billion||View||Listen|
|10/31/2014||Q3||$2.54||$2.95||$60.56 billion||$54.68 million||View||Listen|
|8/1/2014||Q214||$2.68||$2.98||$57.38 billion||$55.58 billion||View||Listen|
|5/2/2014||Q114||$2.53||$2.36||$54.47 billion||$53.27 billion||View||Listen|
|1/31/2014||Q413||$2.92||$2.57||$63.14 billion||$56.16 billion||View||Listen|
|11/1/2013||Q313||$2.88||$2.57||$58.41 billion||$58.50 billion||View||Listen|
|8/2/2013||Q2 2013||$3.03||$2.77||$56.12 billion||$57.37 billion||View||Listen|
|4/26/2013||Q1 2013||$3.07||$3.18||$59.00 billion||$54.30 billion||View||Listen|
|2/1/2013||Q4 2012||$3.00||$3.70||$66.81 billion||$60.55 billion||View||Listen|
|11/2/2012||Q312||$2.89||$2.69||$57.04 billion||$55.66 billion||View||N/A|
Earnings Estimates for Chevron Corporation (NYSE:CVX)
2017 EPS Consensus Estimate: $5.03
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Chevron Corporation (NYSE:CVX)
|Dividend Growth:||3.20% (3 Year Average)|
|Payout Ratio:||282.35% (Trailing 12 Months of Earnings) |
115.51% (Based on This Year's Estimates)
88.71% (Based on Next Year's Estimates)
|Track Record:||31 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Chevron Corporation (NYSE CVX)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Chevron Corporation (NYSE:CVX)
Insider Ownership Percentage: 0.40%Insider Trades by Quarter for Chevron Corporation (NYSE:CVX)
Institutional Ownership Percentage: 62.56%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|2/2/2017||Pierre R. Breber||Insider||Sell||45,000||$111.80||$5,031,000.00|| |
|11/17/2016||Pierre R Breber||Insider||Sell||10,000||$110.00||$1,100,000.00|| |
|11/3/2016||Linnet F. Deily||Director||Sell||5,637||$105.27||$593,406.99|| |
|8/25/2016||Jeanette L Ourada||Insider||Sell||7,000||$101.70||$711,900.00|| |
|8/15/2016||Inge G. Thulin||Director||Buy||487||$102.87||$50,097.69|| |
|8/15/2016||Joseph C Geagea||Insider||Sell||26,000||$102.50||$2,665,000.00|| |
|8/10/2016||James William Johnson||Insider||Sell||10,945||$101.44||$1,110,260.80|| |
|8/2/2016||Pierre R. Breber||Insider||Sell||21,000||$98.77||$2,074,170.00|| |
|8/1/2016||Michael K Wirth||Insider||Sell||125,000||$100.47||$12,558,750.00|| |
|5/2/2016||Linnet F Deily||Director||Sell||869||$103.27||$89,741.63|| |
|11/19/2015||Patricia E. Yarrington||CFO||Sell||44,000||$92.05||$4,050,200.00|| |
|11/2/2015||Joseph C. Geagea||EVP||Sell||14,000||$95.11||$1,331,540.00|| |
|8/24/2015||Joseph C Geagea||EVP||Buy||2,500||$73.30||$183,250.00|| |
|5/11/2015||John G Stumpf||Director||Buy||180,000||$108.10||$19,458,000.00|| |
|8/29/2014||Michael K Wirth||EVP||Sell||75,000||$129.15||$9,686,250.00|| |
|5/6/2014||George Kirkland||EVP||Sell||150,000||$125.23||$18,784,500.00|| |
|2/14/2014||Robert Denham||Director||Buy||2,000||$113.41||$226,820.00|| |
|5/21/2013||Michael K Wirth||EVP||Sell||40,000||$125.00||$5,000,000.00|| |
|5/20/2013||Rhonda I Zygocki||EVP||Sell||26,000||$124.80||$3,244,800.00|| |
|2/26/2013||James R Blackwell||EVP||Buy||1,659||$114.93||$190,668.87|| |
Headline Trends for Chevron Corporation (NYSE:CVX)
Latest Headlines for Chevron Corporation (NYSE:CVX)
Chevron Corporation (CVX) Chart for Wednesday, July, 26, 2017