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NYSE:CVX

Chevron - CVX Stock Forecast, Price & News

$154.26
-1.81 (-1.16%)
(As of 03/23/2023 03:10 PM ET)
Add
Compare
Today's Range
$153.46
$158.76
50-Day Range
$152.34
$187.79
52-Week Range
$132.54
$189.68
Volume
4.32 million shs
Average Volume
9.08 million shs
Market Capitalization
$294.12 billion
P/E Ratio
8.44
Dividend Yield
3.92%
Price Target
$189.50

Chevron MarketRank™ Forecast

Analyst Rating
Hold
2.42 Rating Score
Upside/​Downside
21.6% Upside
$189.50 Price Target
Short Interest
Healthy
0.73% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.96
Upright™ Environmental Score
News Sentiment
0.06mentions of Chevron in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$3.34 M Sold Last Quarter
Proj. Earnings Growth
1.83%
From $14.73 to $15.00 Per Share

Overall MarketRank

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

2.75 out of 5 stars

Oils/Energy Sector

58th out of 243 stocks

Petroleum Refining Industry

5th out of 18 stocks


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.



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CVX Stock News Headlines

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Chevron has not complied with a new California law requiring it to disclose data on pricing
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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.
Occidental Petroleum Pulls Back To The Sweet Spot (CVX)
Occidental Petroleum pulled back to the sweet spot ahead of earnings and is now moving higher, the question is if Warren Buffet is buying now or not.
Check Out This 6-Year Win Streak
Despite the volatility of the last few years, this reclusive millionaire hasn’t closed a losing trade since July 2016. He just plugs away, executing what may be the most effective investment strategy on Earth. He turned $50K into $5.3M! Want to see the details? Click HERE to watch it for yourself. pixel
Chevron (NYSE:CVX) Receives "Neutral" Rating from Mizuho
Chevron (NYSE:CVX) Coverage Initiated at StockNews.com
Chevron Co. (NYSE:CVX) Short Interest Update
Stock Market News for Mar 9, 2023
Berkshire Buys More Occidental
See More Headlines
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CVX Company Calendar

Last Earnings
1/27/2023
Ex-Dividend for 3/10 Dividend
2/15/2023
Dividend Payable
3/10/2023
Today
3/23/2023
Next Earnings (Estimated)
5/05/2023
Fiscal Year End
12/31/2023

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 Forecast
$189.50
High Stock Price Forecast
$212.00
Low Stock Price Forecast
$165.00
Forecasted Upside/Downside
+20.0%
Consensus Rating
Hold
Rating Score (0-4)
2.42
Research Coverage
19 Analysts

Profitability

Net Income
$35.47 billion
Pretax Margin
20.17%

Debt

Sales & Book Value

Annual Sales
$246.25 billion
Cash Flow
$27.94 per share
Book Value
$82.87 per share

Miscellaneous

Outstanding Shares
1,906,670,000
Free Float
1,900,573,000
Market Cap
$300.99 billion
Optionable
Optionable
Beta
1.16

Social Links


Key Executives

  • Michael K. WirthMichael K. Wirth
    Chairman & Chief Executive Officer
  • Brant Thomas Fish
    President-Downstream & Chemicals
  • Pierre R. BreberPierre R. Breber
    Chief Financial Officer & Vice President
  • Eimear BonnerEimear Bonner
    Chief Technology Officer & Vice President
  • Joe Geagea
    Executive Vice President













CVX Stock - 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 year. There are currently 1 sell rating, 9 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CVX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CVX, but not buy additional shares or sell existing shares.
View CVX analyst ratings
or view top-rated stocks.

What is Chevron's stock price forecast for 2023?

19 equities research analysts have issued 1-year price targets for Chevron's shares. Their CVX share price forecasts range from $165.00 to $212.00. On average, they anticipate the company's stock price to reach $189.50 in the next year. This suggests a possible upside of 21.6% 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 13.2% and is now trading at $155.80.
View the best growth stocks for 2023 here
.

Are investors shorting Chevron?

Chevron saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 13,930,000 shares, an increase of 9.8% from the February 13th total of 12,690,000 shares. Based on an average daily trading volume, of 8,320,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.7% 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, May 5th 2023.
View our CVX earnings forecast
.

How were Chevron's earnings last quarter?

Chevron Co. (NYSE:CVX) announced its quarterly earnings data on Friday, January, 27th. The oil and gas company reported $4.09 EPS for the quarter, missing the consensus estimate of $4.16 by $0.07. The oil and gas company earned $56.47 billion during the quarter, compared to the consensus estimate of $53.97 billion. Chevron had a trailing twelve-month return on equity of 23.52% and a net margin of 14.40%. The firm's revenue was up 17.1% on a year-over-year basis. During the same period last year, the business posted $2.56 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 Wednesday, January 25th. Stockholders of record on Thursday, February 16th will be paid a dividend of $1.51 per share on Friday, March 10th. This represents a $6.04 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend is Wednesday, February 15th. This is a boost from the stock's previous quarterly dividend of $1.42.
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 3.91%. 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 33.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CVX will have a dividend payout ratio of 40.27% 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 initiated a share buyback program on Wednesday, January 25th 2023, which authorizes the company to buyback $75,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 21.7% of its stock through open market purchases. Stock buyback programs are typically a sign 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).

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 a variety of institutional and retail investors. Top institutional investors include Berkshire Hathaway Inc (8.43%), Morgan Stanley (1.70%), Geode Capital Management LLC (1.69%), Moneta Group Investment Advisors LLC (1.27%), Norges Bank (0.88%) and Franklin Resources Inc. (0.73%). 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, 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 $155.80.

How much money does Chevron make?

Chevron (NYSE:CVX) has a market capitalization of $297.06 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 $18.28 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 3/23/2023 by MarketBeat.com Staff