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Followed 113 Times  
NYSE:CVX

Chevron - CVX Stock Forecast, Price & News

$142.66
-3.12 (-2.14%)
(As of 09/29/2022 10:16 AM ET)
Add
Compare
Today's Range
$142.31
▼
$145.02
50-Day Range
$140.96
▼
$164.63
52-Week Range
$101.45
▼
$182.40
Volume
97,222 shs
Average Volume
10.59 million shs
Market Capitalization
$280.30 billion
P/E Ratio
9.52
Dividend Yield
4.03%
Price Target
$169.20

Chevron MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
17.8% Upside
$169.20 Price Target
Short Interest
Healthy
1.19% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.96
Upright™ Environmental Score
News Sentiment
0.09mentions of Chevron in the last 14 days
Based on 24 Articles This Week
Insider Trading
Selling Shares
$23.02 M Sold Last Quarter
Proj. Earnings Growth
-5.01%
From $18.37 to $17.45 Per Share

Overall MarketRank™

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

2.82 out of 5 stars

Oils/Energy Sector

34th out of 260 stocks

Petroleum Refining Industry

3rd 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

September 16, 2022 | marketbeat.com
This “Dividend Trade of the Decade” Crushes Stocks, Drops 28%+ Payout Hikes
September 8, 2022 | marketbeat.com
Oil and Gas Stocks: A Safe Way to Invest in Renewable Energy (CVX)
Renewable energy stocks have been one of the most intriguing sectors for investors.In short, the opportunity in renewable energy is massive
September 4, 2022 | marketbeat.com
Here’s When the Summer Rally Ends (and 2 Dividends to Buy on the Dip)
September 28, 2022 | seekingalpha.com
Chevron And XLE: $80 Oil Price Won't Last (NYSE:CVX) - Seeking Alpha
September 28, 2022 | benzinga.com
What Are Whales Doing With Chevron
September 28, 2022 | marketwatch.com
Chevron, Mitsui to Explore Geothermal Power Potential in Japan - MarketWatch
September 27, 2022 | nasdaq.com
The Zacks Analyst Blog Highlights UnitedHealth Group, Johnson & Johnson, Chevron, The Home Depot and AT&T - Nasdaq
September 27, 2022 | finance.yahoo.com
Oil Up on Hurricane Fear; Fed Speakers Blunt Highs
September 27, 2022 | businesswire.com
Chevron Phillips Chemical announces executive leadership changes - Business Wire
September 27, 2022 | bloomberg.com
Oil's Major Merger Question as BP, Shell Underperform Exxon, Chevron - Bloomberg
September 26, 2022 | seekingalpha.com
Chevron, BP stop output at some Gulf of Mexico facilities ahead of hurricane (NYSE:CVX) - Seeking Alpha
September 26, 2022 | seekingalpha.com
Chevron stops production two Gulf of Mexico oil facilities ahead of hurricane (NYSE:CVX) - Seeking Alpha
September 26, 2022 | nasdaq.com
Top Stock Reports for UnitedHealth, Johnson & Johnson, & Chevron - Nasdaq
September 26, 2022 | marketwatch.com
Chevron Halts Output at Two Offshore Facilities Ahead of Hurricane Ian - MarketWatch
September 26, 2022 | finance.yahoo.com
Top Stock Reports for UnitedHealth, Johnson & Johnson, & Chevron
September 26, 2022 | marketwatch.com
Chevron halting production at two offshore platforms ahead of Hurricane Ian - MarketWatch
September 26, 2022 | nasdaq.com
Chevron (CVX), Others to Develop CCUS Solutions in Singapore - Nasdaq
September 26, 2022 | businesswire.com
Chevron and MOECO to Collaborate on Advanced Geothermal Technology - Business Wire
September 25, 2022 | finance.yahoo.com
Estimating The Intrinsic Value Of Chevron Corporation (NYSE:CVX)
September 24, 2022 | fool.com
Better Dividend Buy: Chevron or Enterprise Products Partners? - The Motley Fool
September 24, 2022 | marketwatch.com
Dow's 663-point fall led by losses in Chevron, Boeing shares - MarketWatch
September 23, 2022 | bizjournals.com
Amid changing retail, office landscapes, San Ramon ponders the future of its commercial core – and Chevron's campus - San Francisco Business Times - The Business Journals
September 23, 2022 | marketwatch.com
Dow down 750 points on losses for shares of Chevron, Boeing - MarketWatch
September 23, 2022 | marketwatch.com
Chevron, Boeing share losses lead Dow's 330-point fall - MarketWatch
September 23, 2022 | fool.com
Before You Buy Chevron or Enterprise Products Stock: Here's 1 Energy Dividend Stock I'd Buy First - The Motley Fool
See More Headlines
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CVX Company Calendar

Last Earnings
7/29/2022
Ex-Dividend for 9/12 Dividend
8/18/2022
Dividend Payable
9/12/2022
Today
9/29/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022
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
$169.20
High Stock Price Forecast
$202.00
Low Stock Price Forecast
$114.00
Forecasted Upside/Downside
+18.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
21 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$14.99
Trailing P/E Ratio
9.52
Forward P/E Ratio
7.77
P/E Growth
0.55
Net Income
$15.63 billion
Net Margins
13.45%
Pretax Margin
18.57%
Return on Equity
19.73%
Return on Assets
11.56%

Debt

Debt-to-Equity Ratio
0.15
Current Ratio
1.31
Quick Ratio
1.11

Sales & Book Value

Annual Sales
$162.47 billion
Price / Sales
1.73
Cash Flow
$17.59 per share
Price / Cash Flow
8.11
Book Value
$72.60 per share
Price / Book
1.97

Miscellaneous

Outstanding Shares
1,964,810,000
Free Float
1,958,526,000
Market Cap
$280.30 billion
Optionable
Optionable
Beta
1.15

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 Downstream & Chemicals
    Comp: $2.87M
  • Mr. James William JohnsonMr. James William Johnson (Age 63)
    Exec. VP of Upstream
    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. Stephen Wayne Green (Age 65)
    Pres of North America Exploration & Production
  • Mr. Clay Neff (Age 60)
    Pres of Africa & Latin America Exploration and 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?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chevron in the last year. There are currently 1 sell rating, 5 hold ratings and 15 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 2022?

21 Wall Street research analysts have issued 1-year target prices for Chevron's stock. Their CVX share price forecasts range from $114.00 to $202.00. On average, they expect the company's stock price to reach $169.20 in the next year. This suggests a possible upside of 16.1% 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 2022?

Chevron's stock was trading at $117.35 on January 1st, 2022. Since then, CVX stock has increased by 24.2% and is now trading at $145.78.
View the best growth stocks for 2022 here.

Are investors shorting Chevron?

Chevron saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 23,720,000 shares, an increase of 15.8% from the August 15th total of 20,490,000 shares. Based on an average daily volume of 9,570,000 shares, the days-to-cover ratio is presently 2.5 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, November 4th 2022.
View our CVX earnings forecast.

How were Chevron's earnings last quarter?

Chevron Co. (NYSE:CVX) issued its quarterly earnings results on Friday, July, 29th. The oil and gas company reported $5.82 EPS for the quarter, topping analysts' consensus estimates of $5.02 by $0.80. The oil and gas company had revenue of $68.76 billion for the quarter, compared to analyst estimates of $57.69 billion. Chevron had a net margin of 13.45% and a trailing twelve-month return on equity of 19.73%. Chevron's revenue for the quarter was up 82.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.71 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, July 27th. Stockholders of record on Friday, August 19th will be given a dividend of $1.42 per share on Monday, September 12th. This represents a $5.68 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend is Thursday, August 18th.
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 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 35 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 37.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CVX will have a dividend payout ratio of 32.55% 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."

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 $145.78.

How much money does Chevron make?

Chevron (NYSE:CVX) has a market capitalization of $286.43 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 $14.99 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 9/29/2022 by MarketBeat.com Staff

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