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Followed 174 TimesTop Followed
NYSE:CVX

Chevron (CVX) Stock Forecast, Price & News

$169.03
-1.56 (-0.91%)
(As of 12:40 PM ET)
Compare
Today's Range
$168.13
▼
$170.50
50-Day Range
$157.93
▼
$171.08
52-Week Range
$142.49
▼
$189.68
Volume
2.87 million shs
Average Volume
7.91 million shs
Market Capitalization
$315.62 billion
P/E Ratio
10.72
Dividend Yield
3.57%
Price Target
$190.56
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Chevron MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
11.7% Upside
$190.56 Price Target
Short Interest
Healthy
0.90% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.96
Upright™ Environmental Score
News Sentiment
0.73mentions of Chevron in the last 14 days
Based on 28 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.

3.06 out of 5 stars

Oils/Energy Sector

13th out of 249 stocks

Petroleum Refining Industry

1st 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 28, 2023 | marketbeat.com
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.
September 26, 2023 | marketbeat.com
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.
September 29, 2023 | Stansberry Research (Ad)
Bank Collapse Causes Gold Prices to Soar
Silicon Valley Bank was the second-largest bank in American history to fail, and investors have started piling into the safety and security of gold. But if you're not taking advantage of a little-known way to invest for around $5 today, you're missing out.
September 21, 2023 | marketbeat.com
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
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 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 29, 2023 | Chaikin Analytics (Ad)
His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
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 29, 2023 | finance.yahoo.com
Chevron Corporation's (NYSE:CVX) Stock Been Rising: Are Strong Financials Guiding The Market?
September 28, 2023 | finance.yahoo.com
Dow Jones Futures Rise Even As Software Giant Warns; Tesla Falls On This Analyst Warning
September 27, 2023 | finance.yahoo.com
These Oil Majors May Be Ready For A Promotion As Crude Prices Keep Rising
September 26, 2023 | msn.com
Chevron: Take Some Profit With Warren Buffett (Rating Downgrade)
September 26, 2023 | finance.yahoo.com
Chevron (CVX) to Boost Venezuela Oil Production by 2024
September 26, 2023 | finance.yahoo.com
Oil Steady Near $90 as Tight Supply Vies With Dollar Strength
September 26, 2023 | finance.yahoo.com
Appeals Court Blocks Biden Bid to Limit Oil Drilling Auction
September 25, 2023 | finance.yahoo.com
L.A. County gas station signs banned Romani women. Community lashes back over racism
September 25, 2023 | msn.com
Chevron Bolstering Venezuelan Oil Output Amid Sanction Challenges: Report
September 25, 2023 | reuters.com
Chevron readies new oil drilling push in Venezuela to boost output
September 24, 2023 | cnbc.com
Top Wall Street analysts are bullish on these dividend stocks
September 24, 2023 | seekingalpha.com
Oil Won't Hit $300 But Chevron Is Still A Buy
September 22, 2023 | finance.yahoo.com
Warren Buffett and Chevron’s CEO Bet $5 on the Colorado-Nebraska Game. Guess Who Lost.
September 22, 2023 | finance.yahoo.com
Got $500? 1 Warren Buffett Stock to Buy Emphatically
September 22, 2023 | msn.com
Labor unions accept terms ending strikes at Chevron's Australian LNG plants
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
9/29/2023
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
$190.56
High Stock Price Forecast
$215.00
Low Stock Price Forecast
$165.00
Forecasted Upside/Downside
+11.7%
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
10.82
Forward P/E Ratio
12.89
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
1.29
Cash Flow
$28.06 per share
Price / Cash Flow
6.08
Book Value
$83.67 per share
Price / Book
2.04

Miscellaneous

Outstanding Shares
1,867,240,000
Free Float
1,863,884,000
Market Cap
$318.53 billion
Optionable
Optionable
Beta
1.18

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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 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 research 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 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 brokerages have issued 1-year price targets for Chevron's shares. Their CVX share price forecasts range from $165.00 to $215.00. On average, they anticipate the company's stock price to reach $190.56 in the next twelve months. This suggests a possible upside of 11.7% 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 on January 1st, 2023. Since then, CVX shares have decreased by 5.0% and is now trading at $170.59.
View the best growth stocks for 2023 here.

Are investors shorting Chevron?

Chevron saw a increase in short interest during 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 presently 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) announced its quarterly earnings results on Friday, July, 28th. The oil and gas company reported $3.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.95 by $0.13. The oil and gas company had revenue of $48.90 billion for the quarter, compared to analysts' expectations of $48 billion. Chevron had a trailing twelve-month return on equity of 19.48% and a net margin of 13.54%. The firm's revenue for the quarter was down 28.9% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 announced a quarterly dividend on Friday, July 28th. Stockholders 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 3.54%. The ex-dividend date of this dividend 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 3.60%. 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 declared that its Board of Directors has initiated a share buyback program 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 buy up to 21.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board 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 earnings per share guidance of $3.08-$3.08 for the period, compared to the consensus 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 $170.59.

How much money does Chevron make?

Chevron (NYSE:CVX) has a market capitalization of $318.53 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 9/29/2023 by MarketBeat.com Staff

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