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Chevron (CVX) Stock Forecast, Price & News

-2.08 (-1.23%)
(As of 04:02 PM ET)
Today's Range
50-Day Range
52-Week Range
6.74 million shs
Average Volume
7.92 million shs
Market Capitalization
$310.97 billion
P/E Ratio
Dividend Yield
Price Target

Chevron MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
15.0% Upside
$190.83 Price Target
Short Interest
0.90% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
0.83mentions of Chevron in the last 14 days
Based on 30 Articles This Week
Insider Trading
Selling Shares
$4.70 M Sold Last Quarter
Proj. Earnings Growth
From $13.53 to $15.05 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.12 out of 5 stars

Oils/Energy Sector

19th out of 251 stocks

Petroleum Refining Industry

1st out of 17 stocks

CVX stock logo

About Chevron (NYSE:CVX) Stock

Chevron Corporation, through a network of subsidiaries, engages in integrated energy and chemicals operations worldwide. The company is the 7th largest integrated oil company worldwide, the 2nd largest in the US, and has been in operation since 1879. Chevron was part of the original Standard Oil Company and is one of the 34 successor companies that were formed when it was broken up. Today, the company brings in roughly $160 billion in annual revenues and is the last remaining oil and gas component of the Dow Jones Industrial Average.

Originally called Standard Oil Of California the company grew quickly via mergers and acquisitions. It was hailed as one of the Seven Sisters to dominate the US and global production throughout the mid-20th century and became even bigger in 1985 when it merged with Gulf Oil. The merger with Gulf Oil resulted in the rebranding from Standard Oil Of California to Chevron (a brand used by the company outside its California jurisdiction) and then ChevronTexaco Corporation in 2005 when that merger took place. The company rebranded again in 2005 to what we know today as Chevron Corporation.

Chevron Corporation is now based in San Ramone, California, and has operations in 180 countries. The company employs more than 42,500 people who operate 5 refineries and 8,000+ Texaco, Chevron, and Standard Oil service stations in the US alone. The company's Exploration and Drilling operations produced a record 3.1 million barrels per day and its US refineries process more than 1 million barrels per day. At the end of 2021, the company has more than 11.3 billion barrels of proven oil and liquid-equivalent reserves and boasted a 112% reserve replacement rate.

The company operates in two segments, Upstream and Downstream. The Upstream segment explores new reserves, develops known reserves, produces petroleum and gas products as needed, transports, processes, pipes, stores, and markets petroleum worldwide. The Downstream segment refines and markets the full line of petroleum-based products including but not limited to fuels such as gas, diesel, and aviation fuel, as well as lubricants, petrochemicals, and plastics. The company transports products via pipeline, rail, marine vessels, and truck.

Chevron recognizes the need to lower the world’s carbon output and is working toward that end. The company’s strategy is two-pronged and includes reducing its own carbon output while investing in green and lower-carbon technologies. The company’s goal is to invest $10 billion or more into lower carbon energy sources and technologies by 2028.

Chevron is a Dividend Aristocrat. The company has been paying a dividend since 1989 and it has raised it every year since its inception.

CVX Price History

CVX Stock News Headlines

Ride the Waves of Wealth With This Oil Tanker 17% Yield (CVX)
Oil tanker stocks, known for high-yields, offer dividend rates above 11%. Frontline, with a 74.55% YTD gain and 17.04% yield, stands out for income seekers.
Will the Energy Sector Continue to Outshine the Market?
Despite the market selloff this month, the energy sector ETF XLE has shown significant strength, rising over 4% in the same period.
6.5 Million Americans Are DESPERATE for This New Drug from One Tiny Company
Decades of pent-up demand for this "first-ever" treatment could give you WINDFALL PROFITS... Click here to learn more >>>
Energy Stocks Shine as High Oil Prices Boost Dividend Yields (CVX)
Rising bond yields challenge stocks as income sources, prompting investors to turn to dividend-paying energy stocks like EQT, Schlumberger, and Noble.
Clorox Pullback Presents a Chance to Clean Up on a 3.6% Dividend (CVX)
The Clorox Company's 44% two-year plunge has created an opportunity to own a defensive stock with a shiny 3.6% dividend.
Labor unions say they will end strike actions at Chevron's three LNG plants in Australia
Labor unions say they will end disruptive strike actions at Chevron Corp.'s liquefied natural gas plants in Australia that provide more than 5% of global LNG supplies
Chevron says Australian LNG plant is back to full production after 3 days at 80% output
The Chevron Corp. says a liquefied natural gas plant in Australia has resumed full production after a fault cut output by one-fifth for three days
Chevron reports LNG outage at Australian plant as strike action escalates
A Chevron Corp. liquefied natural gas plant has reported a production outage as workers escalated a strike action against its Australian operations that threaten global supply
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
Shell's 4.12% Dividend Yield: An Attractive Feature for Investors (CVX)
Shell's stock overcame resistance at $63.69 in heavy volume, with an attractive 4.12% dividend yield. Shell also instituted a $3 billion share buyback program.
5 Undervalued Dow Stocks to Buy After the August Selloff (CVX)
The Dow 30 stocks frequently serve as a barometer of investor sentiment; here are five undervalued Dow stocks that may power higher in the last part of 2023
Baker Hughes, Pioneer, Diamondback: Energy Stocks on the Rise (CVX)
Baker Hughes, Pioneer Resources, and Diamondback Energy lead the energy sector uptrend. Production cuts from Saudi Arabia and Russia are pushing up oil prices.
What 13 Analyst Ratings Have To Say About Chevron
Stick With Chevron Stock - It Could Have Further to Rise
Better Buy: Chevron vs. Pioneer Natural Resources
Finalist, Public Company, Large: Pierre Breber, Chevron
Chevron (CVX) to Boost Venezuela Oil Production by 2024
Appeals Court Blocks Biden Bid to Limit Oil Drilling Auction
See More Headlines
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CVX Company Calendar

Last Earnings
Ex-Dividend for 9/11 Dividend
Dividend Payable
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Petroleum refining
Integrated Oil & Gas
Year Founded

Price Target and Rating

Average Stock Price Forecast
High Stock Price Forecast
Low Stock Price Forecast
Forecasted Upside/Downside
Consensus Rating
Moderate Buy
Rating Score (0-4)
Research Coverage
18 Analysts


Net Income
$35.47 billion
Pretax Margin


Sales & Book Value

Annual Sales
$246.25 billion
Cash Flow
$27.17 per share
Book Value
$83.67 per share


Outstanding Shares
Free Float
Market Cap
$309.98 billion

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Key Executives

  • Mr. Michael K. WirthMr. Michael K. Wirth (Age 62)
    Chairman & CEO
    Comp: $6.66M
  • Mr. Pierre R. BreberMr. Pierre R. Breber (Age 59)
    VP & CFO
    Comp: $3.01M
  • Mr. R. Hewitt PateMr. R. Hewitt Pate (Age 60)
    VP & Gen. Counsel
    Comp: $3.31M
  • Mr. Mark A. NelsonMr. Mark A. Nelson (Age 60)
    Vice Chairman and Exec. VP of Strategy, Policy & Devel.
    Comp: $3.27M
  • Ms. Eimear P. BonnerMs. Eimear P. Bonner (Age 48)
    VP, CTO & Pres of Chevron Technical Center
  • Ms. Rhonda J. MorrisMs. Rhonda J. Morris (Age 58)
    VP & Chief HR Officer
  • Mr. A. Nigel Hearne (Age 55)
    Exec. VP of Oil, Products & Gas
  • Mr. Clay Neff (Age 61)
    Pres of International Exploration & Production
  • Mr. Jeff B. GustavsonMr. Jeff B. Gustavson (Age 51)
    Pres of Chevron New Energies & VP of Lower Carbon Energies
  • Dr. Anoop Kumar
    Pres of the National Lubricating Grease

CVX Stock - Frequently Asked Questions

Should I buy or sell Chevron stock right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chevron in the last year. There are currently 6 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CVX shares.
View CVX analyst ratings
or view top-rated stocks.

What is Chevron's stock price forecast for 2023?

18 analysts have issued 12 month price targets for Chevron's stock. Their CVX share price forecasts range from $165.00 to $215.00. On average, they expect the company's stock price to reach $190.83 in the next year. This suggests a possible upside of 15.0% from the stock's current price.
View analysts price targets for CVX
or view top-rated stocks among Wall Street analysts.

How have CVX shares performed in 2023?

Chevron's stock was trading at $179.49 on January 1st, 2023. Since then, CVX shares have decreased by 7.5% and is now trading at $166.01.
View the best growth stocks for 2023 here

Are investors shorting Chevron?

Chevron saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 17,260,000 shares, an increase of 11.8% from the August 31st total of 15,440,000 shares. Based on an average daily volume of 7,280,000 shares, the days-to-cover ratio is currently 2.4 days. Approximately 0.9% of the shares of the company are short sold.
View Chevron's Short Interest

When is Chevron's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our CVX earnings forecast

How were Chevron's earnings last quarter?

Chevron Co. (NYSE:CVX) posted its quarterly earnings data on Friday, July, 28th. The oil and gas company reported $3.08 EPS for the quarter, beating the consensus estimate of $2.95 by $0.13. The oil and gas company earned $48.90 billion during the quarter, compared to the consensus estimate of $48 billion. Chevron had a net margin of 13.54% and a trailing twelve-month return on equity of 19.48%. Chevron's revenue for the quarter was down 28.9% compared to the same quarter last year. During the same quarter last year, the firm posted $5.82 earnings per share.
Read the conference call transcript

How often does Chevron pay dividends? What is the dividend yield for Chevron?

Chevron announced a quarterly dividend on Friday, July 28th. Shareholders of record on Friday, August 18th will be given a dividend of $1.51 per share on Monday, September 11th. This represents a $6.04 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, August 17th.
Read our dividend analysis for CVX

Is Chevron a good dividend stock?

Chevron (NYSE:CVX) pays an annual dividend of $6.04 per share and currently has a dividend yield of 3.58%. The company has been increasing its dividend for 37 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 38.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CVX will have a dividend payout ratio of 40.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CVX.

How will Chevron's stock buyback program work?

Chevron announced that its Board of Directors has initiated a share buyback plan on Wednesday, January 25th 2023, which allows the company to buyback $75,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy up to 21.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

What guidance has Chevron issued on next quarter's earnings?

Chevron issued an update on its second quarter 2023 earnings guidance on Tuesday, July, 25th. The company provided EPS guidance of $3.08-$3.08 for the period, compared to the consensus earnings per share estimate of $3.12. The company issued revenue guidance of -.

What is Mike Wirth's approval rating as Chevron's CEO?

421 employees have rated Chevron Chief Executive Officer Mike Wirth on Glassdoor.com. Mike Wirth has an approval rating of 88% among the company's employees.

What other stocks do shareholders of Chevron own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Chevron investors own include AT&T (T), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Verizon Communications (VZ), JPMorgan Chase & Co. (JPM), Intel (INTC), Pfizer (PFE), Cisco Systems (CSCO), AbbVie (ABBV) and Walt Disney (DIS).

What is Chevron's stock symbol?

Chevron trades on the New York Stock Exchange (NYSE) under the ticker symbol "CVX."

How do I buy shares of Chevron?

Shares of CVX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Chevron's stock price today?

One share of CVX stock can currently be purchased for approximately $166.01.

How much money does Chevron make?

Chevron (NYSE:CVX) has a market capitalization of $309.98 billion and generates $246.25 billion in revenue each year. The oil and gas company earns $35.47 billion in net income (profit) each year or $15.77 on an earnings per share basis.

How many employees does Chevron have?

The company employs 43,846 workers across the globe.

Does Chevron have any subsidiaries?
The following companies are subsidiares of Chevron: Atlas Energy Inc, Cabinda Gulf Oil Company Limited, Chevron (Overseas) Holdings Limited, Chevron (Thailand) Limited, Chevron Argentina S.R.L., Chevron Australia Holdings Pty Ltd., Chevron Australia Pty Ltd., Chevron Canada Limited, Chevron Global Energy Inc., Chevron Global Technology Services Company, Chevron Investments Inc., Chevron LNG Shipping Company Limited, Chevron Nigeria Limited, Chevron Overseas Company, Chevron Overseas Petroleum Limited, Chevron Petroleum Company, Chevron Petroleum Limited, Chevron Petroleum Nigeria Limited, Chevron Thailand Exploration and Production Ltd., Chevron Thailand LLC, Chevron U.S.A. Holdings Inc., Chevron U.S.A. Inc., Chevron Venezuela Holdings LLC, Noble Energy, PT Chevron Pacific Indonesia, Puma Energy Asia Pacific B.V., Saudi Arabian Chevron Inc., Star Petroleum Refining Public Company Limited, Texaco Inc., Texaco Overseas Holdings Inc., Texaco Venezuela Holdings (I) Company, Union Oil Company of California, Unocal Corporation, and Unocal International Corporation.
Read More
How can I contact Chevron?

Chevron's mailing address is 6001 BOLLINGER CANYON ROAD, SAN RAMON CA, 94583. The official website for the company is www.chevron.com. The oil and gas company can be reached via phone at (925) 842-1000, via email at invest@chevron.com, or via fax at 415-894-6817.

This page (NYSE:CVX) was last updated on 10/2/2023 by MarketBeat.com Staff

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