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Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
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The Small Biotech Scaring Big Pharma (Ad)
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OPEC keeps oil targets amid uncertainty on Russian sanctions
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
As Musk is learning, content moderation is a messy job
FDA change ushers in cheaper, easier-to-get hearing aids
The Small Biotech Scaring Big Pharma (Ad)
Reformers take 6 of 14 UAW board seats, could win majority
OPEC keeps oil targets amid uncertainty on Russian sanctions
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
As Musk is learning, content moderation is a messy job
FDA change ushers in cheaper, easier-to-get hearing aids
The Small Biotech Scaring Big Pharma (Ad)
Reformers take 6 of 14 UAW board seats, could win majority
OPEC keeps oil targets amid uncertainty on Russian sanctions
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
As Musk is learning, content moderation is a messy job
FDA change ushers in cheaper, easier-to-get hearing aids
The Small Biotech Scaring Big Pharma (Ad)
Reformers take 6 of 14 UAW board seats, could win majority
OPEC keeps oil targets amid uncertainty on Russian sanctions
Followed 119 Times   Most-Upgraded Stocks  
NYSE:CVX

Chevron - CVX Stock Forecast, Price & News

$181.03
-1.46 (-0.80%)
(As of 12/2/2022 09:00 PM ET)
Add
Compare
Today's Range
$179.93
▼
$183.63
50-Day Range
$140.96
▼
$188.05
52-Week Range
$110.73
▼
$189.68
Volume
6.85 million shs
Average Volume
11.78 million shs
Market Capitalization
$350.05 billion
P/E Ratio
10.30
Dividend Yield
3.14%
Price Target
$183.84

Chevron MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.53 Rating Score
Upside/​Downside
1.6% Upside
$183.84 Price Target
Short Interest
Healthy
0.98% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.96
Upright™ Environmental Score
News Sentiment
0.07mentions of Chevron in the last 14 days
Based on 25 Articles This Week
Insider Trading
Selling Shares
$53.19 M Sold Last Quarter
Proj. Earnings Growth
-10.69%
From $19.18 to $17.13 Per Share

Overall MarketRank™

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

2.57 out of 5 stars

Oils/Energy Sector

40th out of 246 stocks

Petroleum Refining Industry

2nd out of 20 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.



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CVX Stock News Headlines

November 29, 2022 | marketbeat.com
Bribery trial tests US cases against Venezuela kleptocrats
A former Venezuelan treasurer and nurse to the late Venezuelan President Hugo Chavez is contesting criminal charges in the U.S. Claudia Diaz is charged with money laundering, accused of taking at least $4.2 million in bribes and gifts in exchange for green lighting lucrative currency transactions
November 27, 2022 | marketbeat.com
2 Big Dividend Hikes Set to Drop Soon (Tickers Revealed Below)
November 26, 2022 | marketbeat.com
Biden eases Venezuela sanctions as opposition talks resume
The Biden administration is easing some oil sanctions on Venezuela in an effort to support newly restarted negotiations between the Venezuelan government and its opposition
November 17, 2022 | marketbeat.com
Should you still buy Chevron's stock ex-dividend?
Analysts believe Chevron's stock price will fall over the short-term, but affecting its performance long-term is that the company has improved its fundamentals.
November 14, 2022 | marketbeat.com
Buffett's firm cuts stakes U.S. Bank, BYD; adds chip maker
Warren Buffett's company slashed its stake in U.S. Bank's parent company in the third quarter and also sold shares in Chinese electric car maker BYD
November 8, 2022 | marketbeat.com
UN experts urge stringent rules to stop net zero greenwash
Oil companies pledging to get their emissions down to net zero better make sure they’ve got a credible plan and aren’t just making false promises, U.N. experts said in a report Tuesday urging tough standards on emissions cutting vows
December 4, 2022 | finance.yahoo.com
15 Most Capitalist Companies in the World
December 2, 2022 | ca.finance.yahoo.com
Venezuela, Chevron formally sign oil contracts in Caracas
December 1, 2022 | finance.yahoo.com
Eased US sanctions on Venezuelan oil provide weak supply boost
November 30, 2022 | finance.yahoo.com
CORRECTED-Chevron continues to work on compliance with U.S. sanctions on Venezuela crude -CEO
November 30, 2022 | finance.yahoo.com
Maduro Calls for More Sanctions Relief After Chevron License
November 30, 2022 | finance.yahoo.com
UPDATE 1-Chevron working to comply with U.S. sanctions on Venezuela crude -CEO
November 30, 2022 | finance.yahoo.com
Dow Jones Falls After Key Economic Data; Powell Speech Next; CrowdStrike Plunges On Earnings
November 30, 2022 | finance.yahoo.com
UPDATE 1-U.S. licenses to Venezuela going in right direction, but they are not enough -Maduro
November 30, 2022 | finance.yahoo.com
Dow Jones Futures Fall After Key Economic Data; Powell Speech Next; CrowdStrike Plunges On Earnings
November 30, 2022 | finance.yahoo.com
15 Most Polluting Companies in the World
November 29, 2022 | finance.yahoo.com
Oil Stocks Bounce As China Concerns Ease
November 29, 2022 | finance.yahoo.com
Dow Jones Falls As China Covid Concerns Ease; Alibaba, JD.com, Pinduoduo Surge
November 29, 2022 | finance.yahoo.com
Chevron Australia finds nearly half its workers have suffered workplace bullying
November 28, 2022 | finance.yahoo.com
China Protests Vs. Covid Policy Rock Markets; But These China Names Rally
November 28, 2022 | finance.yahoo.com
Oil: Another production cut next week is ‘in the cards,’ analyst says
November 28, 2022 | forbes.com
What’s Next For Chevron’s Stock?
November 28, 2022 | fool.com
Since 2016, Warren Buffett Has Bought $9 Billion More of This Stock Than Apple and Chevron, Combined!
November 27, 2022 | finance.yahoo.com
More Venezuelan Oil Unlikely to Reach Markets Soon Despite New Chevron License
November 27, 2022 | finance.yahoo.com
Oil Eases as China Unrest Sends Ripples Through World Markets
See More Headlines
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CVX Company Calendar

Ex-Dividend for 9/12 Dividend
8/18/2022
Dividend Payable
9/12/2022
Last Earnings
10/28/2022
Ex-Dividend for 12/12 Dividend
11/17/2022
Today
12/04/2022
Dividend Payable
12/12/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/27/2023
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
42,595
Year Founded
1879

Price Target and Rating

Average Stock Price Forecast
$183.84
High Stock Price Forecast
$215.00
Low Stock Price Forecast
$165.00
Forecasted Upside/Downside
+1.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.53
Research Coverage
19 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$17.58
Trailing P/E Ratio
10.30
Forward P/E Ratio
9.44
P/E Growth
0.64
Net Income
$15.63 billion
Net Margins
14.36%
Pretax Margin
19.69%
Return on Equity
22.36%
Return on Assets
13.36%

Debt

Debt-to-Equity Ratio
0.13
Current Ratio
1.40
Quick Ratio
1.15

Sales & Book Value

Annual Sales
$162.47 billion
Price / Sales
2.15
Cash Flow
$17.39 per share
Price / Cash Flow
10.41
Book Value
$82.55 per share
Price / Book
2.19

Miscellaneous

Outstanding Shares
1,933,639,000
Free Float
1,927,451,000
Market Cap
$350.05 billion
Optionable
Optionable
Beta
1.20

Social Links


Key Executives

  • Mr. Michael K. WirthMr. Michael K. Wirth (Age 61)
    Chairman & CEO
    Comp: $6.5M
  • Mr. Pierre R. BreberMr. Pierre R. Breber (Age 58)
    VP & CFO
    Comp: $2.94M
  • Mr. Mark A. NelsonMr. Mark A. Nelson (Age 59)
    Exec. VP of Strategy, Policy & Devel.
    Comp: $2.87M
  • Mr. James William JohnsonMr. James William Johnson (Age 63)
    Exec. VP & Sr. Advisor
    Comp: $4.05M
  • Ms. Eimear P. BonnerMs. Eimear P. Bonner (Age 47)
    VP, CTO & Pres of Chevron Technical Center
  • Mr. R. Hewitt PateMr. R. Hewitt Pate (Age 59)
    VP & Gen. Counsel
  • Ms. Rhonda J. MorrisMs. Rhonda J. Morris (Age 57)
    VP & Chief HR Officer
  • Mr. James Seutloadi
    Chairman & GM of Corp. & Gov. Affairs of Caltex Oil South Africa
  • Mr. Nigel Hearne (Age 54)
    Exec. VP of Oil, Products & Gas
  • Mr. Clay Neff (Age 60)
    Pres of International Exploration & Production

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?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chevron in the last year. There are currently 1 sell rating, 7 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CVX shares.
View CVX analyst ratings or view top-rated stocks.

What is Chevron's stock price forecast for 2023?

19 Wall Street analysts have issued twelve-month target prices for Chevron's shares. Their CVX share price forecasts range from $165.00 to $215.00. On average, they predict the company's stock price to reach $183.84 in the next twelve months. This suggests a possible upside of 1.6% 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 2022?

Chevron's stock was trading at $117.35 at the beginning of the year. Since then, CVX stock has increased by 54.3% and is now trading at $181.03.
View the best growth stocks for 2022 here.

Are investors shorting Chevron?

Chevron saw a decrease in short interest in November. As of November 15th, there was short interest totaling 18,870,000 shares, a decrease of 9.0% from the October 31st total of 20,730,000 shares. Based on an average daily volume of 9,070,000 shares, the days-to-cover ratio is presently 2.1 days.
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 27th 2023.
View our CVX earnings forecast.

How were Chevron's earnings last quarter?

Chevron Co. (NYSE:CVX) released its quarterly earnings data on Friday, October, 28th. The oil and gas company reported $5.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.02 by $0.54. The oil and gas company earned $66.64 billion during the quarter, compared to analyst estimates of $61.44 billion. Chevron had a net margin of 14.36% and a trailing twelve-month return on equity of 22.36%. The company's revenue for the quarter was up 49.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.96 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 Wednesday, October 26th. Shareholders of record on Friday, November 18th will be given a dividend of $1.42 per share on Monday, December 12th. This represents a $5.68 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, November 17th.
Read our dividend analysis for CVX.

Is Chevron a good dividend stock?

Chevron (NYSE:CVX) pays an annual dividend of $5.68 per share and currently has a dividend yield of 3.14%. The company has been increasing its dividend for 35 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 32.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CVX will have a dividend payout ratio of 33.16% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CVX.

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 number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.24%), BlackRock Inc. (6.72%), State Street Corp (6.70%), Bank of New York Mellon Corp (0.98%), Dimensional Fund Advisors LP (0.62%) and Nuveen Asset Management LLC (0.51%). 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, John Frank, Joseph C Geagea, Mark A Nelson, Michael K Wirth, Michael K Wirth, Pierre R Breber, R Hewitt Pate, Rhonda J Morris, 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 $181.03.

How much money does Chevron make?

Chevron (NYSE:CVX) has a market capitalization of $350.05 billion and generates $162.47 billion in revenue each year. The oil and gas company earns $15.63 billion in net income (profit) each year or $17.58 on an earnings per share basis.

How many employees does Chevron have?

The company employs 42,595 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 12/5/2022 by MarketBeat.com Staff