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Chevron (CVX) Stock Price, News & Analysis

$148.47
-4.34 (-2.84%)
(As of 12:46 PM ET)
Today's Range
$147.67
$152.59
50-Day Range
$141.82
$155.44
52-Week Range
$139.62
$172.88
Volume
6.91 million shs
Average Volume
8.70 million shs
Market Capitalization
$275.75 billion
P/E Ratio
13.07
Dividend Yield
4.39%
Price Target
$180.56

Chevron MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
18.1% Upside
$180.56 Price Target
Short Interest
Bearish
2.82% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.96
Upright™ Environmental Score
News Sentiment
0.30mentions of Chevron in the last 14 days
Based on 52 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.58%
From $13.03 to $14.93 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.87 out of 5 stars

Oils/Energy Sector

13th out of 239 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

MarketBeat Week in Review – 2/19 - 2/23 (CVX)
As the week ends, the only question being asked is how long can the Nvidia rally last; the tech giant's earnings took the focus off of sour FOMC minutes
Warren Buffett goes ex-tech and pro-oil, sell Apple buy Chevron?
Every market brings you a cycle to take advantage of, that is for sure, and there will always be cycles to come. Warren Buffett has been quoted saying that timing the market can turn out to be a futile attempt for the average investor; of course, he wasn't talking about himself now that he has been caught red-handed timing the cycle that is starting soon.
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Warren Buffett goes ex-tech and pro-oil, sell Apple buy Chevron? (CVX)
Warren Buffett saw the writing on the wall for the coming money shift out of tech and into energy, Chevron quickly becomes the best growth story there
Energy sector: assessing breakout potential and key players
The energy sector ETF (XLE) is consolidating near its 200-day and 50-day SMAs, indicating a potential breakout might follow in the weeks ahead.
Energy sector strength: Drill down with these refinery stocks
Refinery stocks like Marathon and Valero lead the energy sector, benefitting from stable demand and efficient operations amid oil price fluctuations.
Energy sector strength: Drill down with refinery stocks
The oil refiners' exchange-traded fund (ETF), the VanEck Oil Refiners ETF NYSEARCA: CRAK, is outperforming the broader Energy Select Sector SPDR Fund NYSEARCA: XLE on a one-month, three-month and one-year basis.
Energy sector strength: Drill down with refinery stocks (CVX)
Refinery stocks like Marathon and Valero lead the energy sector, benefitting from stable demand and efficient operations amid oil price fluctuations.
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Energy sector: assessing breakout potential and key players
As the overall market continues to ramp up and trade near all-time highs, one sector has quietly consolidated. The energy sector remains close to flat this year despite the recent melt-up experienced in the rest of the market.
S&P 500 rockets to new highs as earnings beat estimates (CVX)
The S&P 500 hits new highs as 10 of the 11 S&P sectors report positive Q4 earnings surprises. The tech and energy sectors are among the earnings leaders.
Exxon and Chevron ready to rally: The floor is in for big oil (CVX)
Exxon and Chevron are both trading at a floor supported by cash flow, capital returns, and analysts' sentiment; both are good buys, but one is a better buy.
3 Cheap Stocks With Strong Growth Runways in 2024
Chevron: Buffett's Favorite Energy Stock
7 Timeless Stocks to Invest in for 2024
Q4 2023 Sitio Royalties Corp Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 12/11 Dividend
11/16/2023
Dividend Payable
12/11/2023
Last Earnings
2/02/2024
Ex-Dividend for 3/11 Dividend
2/15/2024
Today
3/04/2024
Dividend Payable
3/11/2024
Next Earnings (Estimated)
4/26/2024
Fiscal Year End
12/31/2024

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
$180.56
High Stock Price Target
$201.00
Low Stock Price Target
$150.00
Potential Upside/Downside
+18.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
16 Analysts

Profitability

Net Income
$21.37 billion
Pretax Margin
14.72%

Debt

Sales & Book Value

Annual Sales
$200.95 billion
Cash Flow
$22.24 per share
Book Value
$87.19 per share

Miscellaneous

Outstanding Shares
1,857,270,000
Free Float
1,853,926,000
Market Cap
$283.81 billion
Optionable
Optionable
Beta
1.12

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CVX Stock Analysis - Frequently Asked Questions

Should I buy or sell Chevron stock right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Chevron in the last twelve months. There are currently 6 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

16 brokerages have issued 1 year target prices for Chevron's shares. Their CVX share price targets range from $150.00 to $201.00. On average, they anticipate the company's stock price to reach $180.56 in the next year. This suggests a possible upside of 18.1% 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 2024?

Chevron's stock was trading at $149.16 at the beginning of the year. Since then, CVX shares have increased by 2.5% and is now trading at $152.87.
View the best growth stocks for 2024 here
.

Are investors shorting Chevron?

Chevron saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 48,880,000 shares, an increase of 11.7% from the January 15th total of 43,750,000 shares. Based on an average daily volume of 10,230,000 shares, the short-interest ratio is currently 4.8 days. Approximately 2.6% 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, April 26th 2024.
View our CVX earnings forecast
.

How were Chevron's earnings last quarter?

Chevron Co. (NYSE:CVX) posted its quarterly earnings results on Friday, February, 2nd. The oil and gas company reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.19 by $0.26. The oil and gas company had revenue of $47.18 billion for the quarter, compared to the consensus estimate of $50.93 billion. Chevron had a trailing twelve-month return on equity of 15.24% and a net margin of 10.63%. The company's revenue for the quarter was down 16.5% on a year-over-year basis. During the same quarter last year, the business posted $4.09 EPS.
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, February 2nd. Stockholders of record on Friday, February 16th will be paid a dividend of $1.63 per share on Monday, March 11th. This represents a $6.52 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend is Thursday, February 15th. This is a positive change from the stock's previous quarterly dividend of $1.51.
Read our dividend analysis for CVX
.

Is Chevron a good dividend stock?

Chevron (NYSE:CVX) pays an annual dividend of $6.52 per share and currently has a dividend yield of 4.29%. 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 37 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 57.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CVX will have a dividend payout ratio of 43.67% 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 has initiated a share repurchase plan on Wednesday, January 25th 2023, which permits the company to buyback $75,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 21.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership 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 a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.56%), Berkshire Hathaway Inc (6.68%), Charles Schwab Investment Management Inc. (1.39%), Northern Trust Corp (1.16%), Norges Bank (1.03%) and Franklin Resources Inc. (0.83%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 3/4/2024 by MarketBeat.com Staff