Chevron (CVX) Stock Price, News & Analysis

+0.84 (+0.52%)
(As of 04/24/2024 ET)
Today's Range
50-Day Range
52-Week Range
7.61 million shs
Average Volume
8.45 million shs
Market Capitalization
$304.02 billion
P/E Ratio
Dividend Yield
Price Target

Chevron MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.74 Rating Score
12.9% Upside
$184.75 Price Target
Short Interest
2.67% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
0.64mentions of Chevron in the last 14 days
Based on 44 Articles This Week
Insider Trading
Selling Shares
$448,252 Sold Last Quarter
Proj. Earnings Growth
From $13.58 to $15.66 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.

4.90 out of 5 stars

Oils/Energy Sector

7th out of 233 stocks

Petroleum Refining Industry

1st 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

Billionaire Texas oilman inks deal with Venezuela's state-run oil giant as U.S. sanctions loom
A company started by a Texas billionaire oilman has announced a deal with Venezuela’s state-owned oil company to rehabilitate five aging oil fields
US reimposes oil sanctions on Venezuela as hopes for a fair presidential election fades
The Biden administration has reimposed crushing oil sanctions on Venezuela in a rebuke to President Nicolas Maduro’s attempts to consolidate his rule just six months after the U.S. eased restrictions in a bid to support now fading hopes for a democratic opening in the OPEC nation
One trade. One ticker. One week.
Do you want to target weekly income of up to $2k or more… Starting with just $500... With just one trade per week?
Chevron Co. (NYSE:CVX) VP Sells $448,252.00 in Stock
How to Invest in Energy (CVX)
Energy keeps the world moving, from oil to gas to solar to wind. Learn about the types of energy investments, where to find them and which may be best for you.
One trade. One ticker. One week.
Do you want to target weekly income of up to $2k or more… Starting with just $500... With just one trade per week?
The 7 Best Positioned Dow Stocks for April 2024
Chevron Q1 Earnings Preview: Guidance Boost Expected
Latest News for Chevron Stock (NYSE:CVX)
Big Oil’s Carbon Capture Conundrum
Chevron (NYSE:CVX) Trading 1.8% Higher on Analyst Upgrade
See More Headlines
Receive CVX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Chevron and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
Ex-Dividend for 3/11 Dividend
Dividend Payable
Next Earnings (Confirmed)
Fiscal Year End

Industry, Sector and Symbol

Petroleum refining
Integrated Oil & Gas
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Moderate Buy
Rating Score (0-4)
Research Coverage
19 Analysts


Net Income
$21.37 billion
Pretax Margin


Sales & Book Value

Annual Sales
$200.95 billion
Cash Flow
$22.48 per share
Book Value
$85.78 per share


Outstanding Shares
Free Float
Market Cap
$303.57 billion

Social Links

These 7 Stocks Will Be Magnificent in 2024 Cover

With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.

Get This Free Report

CVX Stock Analysis - Frequently Asked Questions

Should I buy or sell Chevron stock right now?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chevron in the last twelve months. There are currently 5 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?

19 equities research analysts have issued twelve-month price targets for Chevron's stock. Their CVX share price targets range from $150.00 to $204.00. On average, they anticipate the company's share price to reach $184.75 in the next year. This suggests a possible upside of 12.9% 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 2024?

Chevron's stock was trading at $149.16 on January 1st, 2024. Since then, CVX stock has increased by 9.7% and is now trading at $163.69.
View the best growth stocks for 2024 here

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 can I listen to Chevron's earnings call?

Chevron will be holding an earnings conference call on Friday, April 26th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Chevron's earnings last quarter?

Chevron Co. (NYSE:CVX) announced its earnings results on Friday, February, 2nd. The oil and gas company reported $3.45 EPS for the quarter, topping analysts' consensus estimates of $3.19 by $0.26. The oil and gas company had revenue of $47.18 billion for the quarter, compared to analysts' expectations of $50.93 billion. Chevron had a trailing twelve-month return on equity of 15.24% and a net margin of 10.63%. The business's quarterly revenue was down 16.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.09 EPS.
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, 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 dividend yield of 3.98%. The ex-dividend date is Thursday, February 15th. This is a boost 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 4.03%. 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 41.63% 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 approved a share repurchase program 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 purchase up to 21.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board 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 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 variety of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.25%), Raymond James Financial Services Advisors Inc. (0.09%), Fifth Third Bancorp (0.05%), Global Assets Advisory LLC (0.05%), Wealth Enhancement Advisory Services LLC (0.05%) and Confluence Investment Management LLC (0.04%). Insiders that own company stock include Alana K Knowles, 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 4/25/2024 by Staff

From Our Partners