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Followed 166 TimesTop Followed
NYSE:CVX

Chevron (CVX) Stock Forecast, Price & News

$165.21
-1.48 (-0.89%)
(As of 09/21/2023 ET)
Compare
Today's Range
$165.05
▼
$167.87
50-Day Range
$153.44
▼
$167.23
52-Week Range
$140.46
▼
$189.68
Volume
7.15 million shs
Average Volume
7.98 million shs
Market Capitalization
$308.49 billion
P/E Ratio
10.48
Dividend Yield
3.66%
Price Target
$190.61
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Chevron MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
15.4% Upside
$190.61 Price Target
Short Interest
Healthy
0.81% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.96
Upright™ Environmental Score
News Sentiment
0.13mentions of Chevron in the last 14 days
Based on 59 Articles This Week
Insider Trading
Selling Shares
$4.70 M Sold Last Quarter
Proj. Earnings Growth
10.13%
From $13.23 to $14.57 Per Share

Overall MarketRank™

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

3.03 out of 5 stars

Oils/Energy Sector

29th out of 237 stocks

Petroleum Refining Industry

2nd out of 17 stocks

See Top Rated MarketRank™ Stocks Here

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

September 18, 2023 | marketbeat.com
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
September 14, 2023 | marketbeat.com
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
September 21, 2023 | Behind the Markets (Ad)
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
September 13, 2023 | marketbeat.com
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.
September 11, 2023 | marketbeat.com
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
September 8, 2023 | marketbeat.com
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.
September 5, 2023 | marketbeat.com
This is a Golden Time to Buy Beaten Down Oil Stocks (CVX)
The energy market is throwing a solid signal echoed by the industry, the ETFs that track it, and the stocks within it.
August 31, 2023 | marketbeat.com
3 Low P/E Stock ETFs for Hungry Value Investors (CVX)
The price-to-earnings, or P/E ratio, is one of the most commonly used value measures. For these unique value ETFs, having a low P/E ratio is just the start.
September 21, 2023 | Behind the Markets (Ad)
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
August 30, 2023 | marketbeat.com
How to Pick the Best Dividend Stocks (CVX)
A stock’s dividend yield is a key metric for investors, so what is a good dividend yield? We’ll explore the answer in this article.
August 22, 2023 | marketbeat.com
3 Stocks You’ll Love to Own, But Hate To Encounter (CVX)
What does getting a speed camera ticket, having your car towed and being harassed by debt collectors all have in common? Yes, they are miserable
September 21, 2023 | financialpost.com
Chevron and Unions Agree to End Australia LNG Strikes
September 21, 2023 | finance.yahoo.com
UPDATE 1-Australia LNG union to accept industrial umpire terms in Chevron dispute-source
September 21, 2023 | finance.yahoo.com
Australia LNG union to accept industrial umpire terms in Chevron dispute-source
September 21, 2023 | reuters.com
Chevron accepts Australian labour tribunal's terms to end strike at LNG plants
September 21, 2023 | msn.com
Chevron accepts regulator's plan to end Australia LNG strikes
September 21, 2023 | reuters.com
Chevron accepts recommendations of Australia tribunal to end dispute with LNG unions
September 21, 2023 | finance.yahoo.com
EUROPE GAS-Prices down on high gas storage, higher Norwegian nominations
September 21, 2023 | finance.yahoo.com
Europe Gas Prices Ease as Risks Decline in Norway and Australia
September 21, 2023 | finance.yahoo.com
UPDATE 1-Chevron accepts recommendations of Australia tribunal to end dispute with LNG unions
September 21, 2023 | finance.yahoo.com
Chevron Agrees to Regulator’s Plan to End Australia LNG Strikes
September 21, 2023 | finance.yahoo.com
RPT-UPDATE 1-Chevron accepts recommendations of Australia tribunal to end dispute with LNG unions
September 21, 2023 | finance.yahoo.com
TIMELINE-Chevron accepts Australian labour tribunal's terms to end strike at LNG plants
September 21, 2023 | reuters.com
Australia tribunal makes recommendations for Chevron, LNG unions to end dispute
September 21, 2023 | markets.businessinsider.com
Oil’s Rising Tide: Why Chevron Stock (NYSE:CVX) Stands Out
September 21, 2023 | finance.yahoo.com
Chevron CEO: Oil will break $100 per barrel 'soon'
September 21, 2023 | finance.yahoo.com
UPDATE 3-Australia tribunal pushes Chevron, LNG unions to resolve wage fight
See More Headlines
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CVX Company Calendar

Last Earnings
7/28/2023
Ex-Dividend for 9/11 Dividend
8/17/2023
Dividend Payable
9/11/2023
Today
9/21/2023
Next Earnings (Estimated)
10/27/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Petroleum refining
Sub-Industry
Integrated Oil & Gas
Sector
Oils/Energy
Current Symbol
NYSE:CVX
CUSIP
16676410
CIK
93410
Web
www.chevron.com
Phone
(925) 842-1000
Fax
415-894-6817
Employees
43,846
Year Founded
1879

Price Target and Rating

Average Stock Price Forecast
$190.61
High Stock Price Forecast
$215.00
Low Stock Price Forecast
$165.00
Forecasted Upside/Downside
+14.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
18 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$15.77
Trailing P/E Ratio
10.52
Forward P/E Ratio
12.54
P/E Growth
0.89
Net Income
$35.47 billion
Net Margins
13.54%
Pretax Margin
18.84%
Return on Equity
19.48%
Return on Assets
12.16%

Debt

Debt-to-Equity Ratio
0.13
Current Ratio
1.43
Quick Ratio
1.13

Sales & Book Value

Annual Sales
$246.25 billion
Price / Sales
1.26
Cash Flow
$27.37 per share
Price / Cash Flow
6.06
Book Value
$83.67 per share
Price / Book
1.98

Miscellaneous

Outstanding Shares
1,867,240,000
Free Float
1,863,884,000
Market Cap
$309.74 billion
Optionable
Optionable
Beta
1.18

Social Links

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Get This Free Report

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 50)
    Pres of Chevron New Energies & VP of Lower Carbon Energies
  • Ms. Divi Ramola
    Head of International Bus.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













CVX Stock - Frequently Asked Questions

Should I buy or sell Chevron stock right now?

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chevron in the last twelve months. There are currently 6 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research 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 equities research analysts have issued 1-year target prices for Chevron's stock. Their CVX share price forecasts range from $165.00 to $215.00. On average, they predict the company's share price to reach $190.61 in the next twelve months. This suggests a possible upside of 14.9% 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 at the start of the year. Since then, CVX stock has decreased by 7.6% and is now trading at $165.88.
View the best growth stocks for 2023 here.

Are investors shorting Chevron?

Chevron saw a increase in short interest in August. As of August 31st, there was short interest totaling 15,440,000 shares, an increase of 10.1% from the August 15th total of 14,020,000 shares. Based on an average trading volume of 7,500,000 shares, the short-interest ratio is currently 2.1 days. Approximately 0.8% of the company's stock 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 earnings results on Friday, July, 28th. The oil and gas company reported $3.08 EPS for the quarter, beating analysts' consensus estimates of $2.95 by $0.13. The oil and gas company earned $48.90 billion during the quarter, compared to analyst estimates of $48 billion. Chevron had a net margin of 13.54% and a trailing twelve-month return on equity of 19.48%. The business's quarterly revenue was down 28.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.82 earnings per share.
Read the conference call transcript.

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

Chevron declared 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 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Thursday, August 17th.
Read our dividend analysis for CVX.

What ETFs hold Chevron's stock?

ETFs with the largest weight of Chevron (NYSE:CVX) stock in their portfolio include Energy Select Sector SPDR Fund (XLE), Vanguard Energy ETF (VDE), Strive U.S. Energy ETF (DRLL), Fidelity MSCI Energy Index ETF (FENY), iShares U.S. Energy ETF (IYE), Direxion Daily Energy Bull 2x Shares (ERX), ProShares Ultra Energy (DIG) and iShares MSCI Global Energy Producers ETF (FILL).

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 3.61%. 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 41.46% 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 has initiated a share repurchase plan on Wednesday, January 25th 2023, which permits the company to repurchase $75,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 21.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its stock is undervalued.

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

Chevron updated its second quarter 2023 earnings guidance on Tuesday, July, 25th. The company provided earnings per share (EPS) guidance of $3.08-$3.08 for the period, compared to the consensus EPS 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."

Who are Chevron's major shareholders?

Chevron's stock is owned by many different retail and institutional investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (22.53%), BlackRock Inc. (6.68%), Berkshire Hathaway Inc (6.59%), State Street Corp (6.47%), Geode Capital Management LLC (1.74%) and Charles Schwab Investment Management Inc. (1.28%). Insiders that own company stock include Alice P Gast, Colin E Parfitt, David A Inchausti, David A Inchausti, Eimear P Bonner, Eimear P Bonner, Enrique Hernandez Jr, Enrique Hernandez, Jr, James William Johnson, Jeff B Gustavson, Jeff B Gustavson, Joseph C Geagea, Mark A Nelson, Michael K Wirth, Michael K Wirth, Pierre R Breber, R Hewitt Pate, Rhonda J Morris and Wanda M Austin.
View institutional ownership trends.

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 $165.88.

How much money does Chevron make?

Chevron (NYSE:CVX) has a market capitalization of $309.74 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 9/21/2023 by MarketBeat.com Staff

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