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Chevron Stock Price, News & Analysis (NYSE:CVX)

$144.84
+0.03 (+0.02%)
(As of 12/4/2023 ET)
Compare
Today's Range
$143.25
$145.70
50-Day Range
$141.78
$171.08
52-Week Range
$140.72
$187.81
Volume
11.84 million shs
Average Volume
8.46 million shs
Market Capitalization
$273.42 billion
P/E Ratio
10.75
Dividend Yield
4.17%
Price Target
$187.89

Chevron MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
29.7% Upside
$187.89 Price Target
Short Interest
Healthy
1.35% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.96
Upright™ Environmental Score
News Sentiment
0.84mentions of Chevron in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.03%
From $13.38 to $14.99 Per Share

Overall MarketRank

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

3.25 out of 5 stars

Oils/Energy Sector

8th out of 225 stocks

Petroleum Refining Industry

2nd out of 17 stocks


CVX stock logo

About Chevron Stock (NYSE:CVX)

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 Stock Price History

CVX Stock News Headlines

Cyprus and Chevron reach a deal to develop an offshore natural gas field, ending years of delays
An official says the Cyprus government and U.S. energy company Chevron have reached a deal on how to develop the Aphrodite gas field, the first to be discovered under the seafloor off Cyprus
Are blue chip stocks a good investment? (CVX)
Are blue chip stocks a good investment? Are there other investments you should consider in addition to or before blue chips? Learn more with MarketBeat.
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Refiners, transporters surge: Niche energy markets defy oil slump (CVX)
Despite Chevron and Exxon Mobil trading below their highs, sub-industries such as transportation and pipelines show resilience, driven by dividends and demand.
Buffett's latest portfolio additions, trims and cuts in Q3 (CVX)
Buffett's Berkshire latest Q3 moves: Acquires Sirius XM, Atlanta Braves; trims HP, Chevron, Amazon; holds onto Apple, Bank of America.
2 sectors reducing debt and paying shareholders (CVX)
Energy and defense stocks are generating solid cash flows in 2023 that allow them to pay down debt, increase dividends, and repurchase shares
MarketBeat Week in Review – 10/30 - 11/3 (CVX)
Equities rallied as the theme of bad news is good news is back; investors now wait for the latest read on inflation and its impact on holiday spending
Chevron Corporation (CVX) Surged on Increased Oil Prices
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Bill Gates’ 5 Stock Picks with Huge Upside Potential
Chevron: What Issues Do Not Last
See More Headlines
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Company Calendar

Ex-Dividend for 9/11 Dividend
8/17/2023
Dividend Payable
9/11/2023
Last Earnings
10/27/2023
Ex-Dividend for 12/11 Dividend
11/16/2023
Today
12/04/2023
Dividend Payable
12/11/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/26/2024

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
Integrated Oil & Gas
CUSIP
16676410
Employees
43,846
Year Founded
1879

Price Target and Rating

Average Stock Price Target
$187.89
High Stock Price Target
$212.00
Low Stock Price Target
$169.00
Potential Upside/Downside
+29.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
17 Analysts

Profitability

Net Income
$35.47 billion
Pretax Margin
17.08%

Debt

Sales & Book Value

Annual Sales
$246.25 billion
Cash Flow
$27.59 per share
Book Value
$83.67 per share

Miscellaneous

Outstanding Shares
1,887,750,000
Free Float
1,884,351,000
Market Cap
$273.42 billion
Optionable
Optionable
Beta
1.11

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CVX Stock Analysis - Frequently Asked Questions

Should I buy or sell Chevron stock right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chevron in the last year. There are currently 3 hold ratings and 14 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 target for 2024?

17 Wall Street analysts have issued 12 month price targets for Chevron's shares. Their CVX share price targets range from $169.00 to $212.00. On average, they predict the company's stock price to reach $187.89 in the next twelve months. This suggests a possible upside of 29.7% 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 19.3% and is now trading at $144.84.
View the best growth stocks for 2023 here
.

Are investors shorting Chevron?

Chevron saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 25,460,000 shares, an increase of 7.3% from the October 31st total of 23,720,000 shares. Based on an average daily volume of 9,060,000 shares, the short-interest ratio is currently 2.8 days. Currently, 1.4% 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, January 26th 2024.
View our CVX earnings forecast
.

How were Chevron's earnings last quarter?

Chevron Co. (NYSE:CVX) issued its quarterly earnings results on Friday, October, 27th. The oil and gas company reported $3.05 earnings per share for the quarter, missing the consensus estimate of $3.70 by $0.65. The oil and gas company had revenue of $54.08 billion for the quarter, compared to analyst estimates of $51.41 billion. Chevron had a net margin of 12.11% and a trailing twelve-month return on equity of 16.15%. The business's quarterly revenue was down 18.9% on a year-over-year basis. During the same period in the prior year, the company earned $5.56 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, October 27th. Investors of record on Friday, November 17th will be paid a dividend of $1.51 per share on Monday, December 11th. This represents a $6.04 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Thursday, November 16th.
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 4.17%. CVX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 36 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 44.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CVX will have a dividend payout ratio of 40.29% 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 declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 25th 2023, which allows the company to buyback $75,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 21.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

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).

Who are Chevron's major shareholders?

Chevron's stock is owned by many different institutional and retail investors. Top institutional shareholders include Berkshire Hathaway Inc (5.84%), Morgan Stanley (1.81%), Charles Schwab Investment Management Inc. (1.30%), Northern Trust Corp (1.20%), Bank of New York Mellon Corp (0.87%) and Ameriprise Financial Inc. (0.78%). 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.

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
This page (NYSE:CVX) was last updated on 12/4/2023 by MarketBeat.com Staff

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