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S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
MarketBeat Week in Review – 1/30 - 2/3
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
State of the Union: Biden sees economic glow, GOP sees gloom
Why a new Alzheimer's drug is having a slow US debut
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Sri Lanka marks independence anniversary amid economic woes
Tesla hikes price of Model Y after US alters tax credit rule
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Disney World unions vote down offer covering 45,000 workers
Route to Super Bowl dangerous for Mexico's avocado haulers
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
MarketBeat Week in Review – 1/30 - 2/3
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
State of the Union: Biden sees economic glow, GOP sees gloom
Why a new Alzheimer's drug is having a slow US debut
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Sri Lanka marks independence anniversary amid economic woes
Tesla hikes price of Model Y after US alters tax credit rule
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Disney World unions vote down offer covering 45,000 workers
Route to Super Bowl dangerous for Mexico's avocado haulers
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
MarketBeat Week in Review – 1/30 - 2/3
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
State of the Union: Biden sees economic glow, GOP sees gloom
Why a new Alzheimer's drug is having a slow US debut
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Sri Lanka marks independence anniversary amid economic woes
Tesla hikes price of Model Y after US alters tax credit rule
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Disney World unions vote down offer covering 45,000 workers
Route to Super Bowl dangerous for Mexico's avocado haulers

Chevron - CVX Stock Forecast, Price & News

$169.45
+0.44 (+0.26%)
(As of 02/3/2023 12:00 AM ET)
Add
Compare
Today's Range
$168.49
$171.55
50-Day Range
$168.00
$187.79
52-Week Range
$130.52
$189.68
Volume
8.40 million shs
Average Volume
9.12 million shs
Market Capitalization
$327.66 billion
P/E Ratio
9.27
Dividend Yield
3.35%
Price Target
$187.10

Chevron MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
10.4% Upside
$187.10 Price Target
Short Interest
Healthy
0.79% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.96
Upright™ Environmental Score
News Sentiment
0.19mentions of Chevron in the last 14 days
Based on 40 Articles This Week
Insider Trading
Selling Shares
$37.11 M Sold Last Quarter
Proj. Earnings Growth
-3.85%
From $15.60 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.

2.81 out of 5 stars

Oils/Energy Sector

30th out of 238 stocks

Petroleum Refining Industry

3rd out of 19 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

Exxon Mobil Could Gush To New Highs Very Soon  (CVX)
Exxon Mobil Corporation produced a record-setting quarter and has more of the same on tap for 2023 which means capital returns for shareholders.
After Further Review, Investors Liked Exxon Mobil’s Earnings (CVX)
Shares of Exxon Mobil Corporation are up 1.7% in mid-morning trading after the company posted a record profit for the full-year 2022.
“Future Fuel” will unleash $11 trillion wave of wealth
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
MarketBeat Week in Review – 1/23- 1/27 (CVX)
Markets were pushing hard to continue the rally as.recession fears and layoff announcements offset two data points that suggest inflation may be easing
Chevron’s buyback boosts stock, get rebuke from White House
Shares of Chevron climbed Thursday after the oil company announced that it would repurchase $75 billion of its stock
Chevron Delights Shareholders with $75 Billion in Share Buybacks
Chevron Corporation's $75 billion share buyback program is a nice reward for shareholders of CVX stock the day before the company reports earnings
Chevron is Likely to Increase its Dividend Before Earnings
It's widely expected that Chevron will announce an increase in their quarterly dividend prior to releasing its quarterly earnings on January 27.
Exxon Mobil Stock: Within Striking Distance Of Buy Point (CVX)
Exxon Mobil is within striking range of clearing a cup-shaped base that began in November. Q4 results on January 31 could be a catalyst for a price move.
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
3 Dividend Stocks For Passive Income
I'm aiming to grow my passive income this year through adding these safe value stocks to my portfolio that have strong dividend yields.
Should You Add These Warren Buffett Stocks to Your Portfolio? (CVX)
Buffett's stock picks have earned him a billions of dollars and legendary reputation — here are three you can't afford to miss.
Will Oil Stocks Once Again Lead The Market As Inflation Eases? (CVX)
Better-than-expected inflation data, and optimism about China, sent oil stocks higher Thursday. The S&P large-cap energy sector was the biggest gainer.
Chevron: End-Of-Cycle Oil Price Bet
Truist Financial Raises Chevron (NYSE:CVX) Price Target to $179.00
Shell (SHEL) Beats Q4 Earnings on Higher Price, LNG Sales
Raymond James Cuts Chevron (NYSE:CVX) Price Target to $212.00
See More Headlines
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CVX Company Calendar

Ex-Dividend for 12/12 Dividend
11/17/2022
Dividend Payable
12/12/2022
Last Earnings
1/27/2023
Today
2/05/2023
Ex-Dividend for 3/10 Dividend
2/15/2023
Dividend Payable
3/10/2023
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
42,595
Year Founded
1879

Price Target and Rating

Average Stock Price Forecast
$187.10
High Stock Price Forecast
$212.00
Low Stock Price Forecast
$165.00
Forecasted Upside/Downside
+10.4%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
21 Analysts

Profitability

Net Income
$35.47 billion
Pretax Margin
20.17%

Debt

Sales & Book Value

Annual Sales
$246.25 billion
Cash Flow
$27.33 per share
Book Value
$72.60 per share

Miscellaneous

Outstanding Shares
1,933,640,000
Free Float
1,927,451,000
Market Cap
$327.66 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?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chevron in the last twelve months. There are currently 2 sell ratings, 9 hold ratings and 10 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?

21 brokers have issued 1 year target prices for Chevron's shares. Their CVX share price forecasts range from $165.00 to $212.00. On average, they predict the company's stock price to reach $187.10 in the next twelve months. This suggests a possible upside of 10.4% 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 stock has decreased by 5.6% and is now trading at $169.45.
View the best growth stocks for 2023 here
.

Are investors shorting Chevron?

Chevron saw a decrease in short interest in the month of December. As of December 30th, there was short interest totaling 16,140,000 shares, a decrease of 12.9% from the December 15th total of 18,540,000 shares. Based on an average daily volume of 7,770,000 shares, the short-interest ratio is currently 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, May 5th 2023.
View our CVX earnings forecast
.

How were Chevron's earnings last quarter?

Chevron Co. (NYSE:CVX) issued its quarterly earnings data on Friday, January, 27th. The oil and gas company reported $4.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.16 by $0.07. The oil and gas company had revenue of $56.47 billion for the quarter, compared to analysts' expectations of $53.97 billion. Chevron had a trailing twelve-month return on equity of 23.77% and a net margin of 14.40%. The firm's revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.56 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, January 25th. Shareholders 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 dividend on an annualized basis and a yield of 3.56%. 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 $5.68 per share and currently has a dividend yield of 3.35%. 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 31.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CVX will have a dividend payout ratio of 37.87% 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 has authorized a stock repurchase plan on Wednesday, January 25th 2023, which permits the company to buyback $75,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 21.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is 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 many different institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (0.35%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), New York State Common Retirement Fund (0.19%), Edmp Inc. (0.15%), Capital Wealth Planning LLC (0.12%) and New York State Teachers Retirement System (0.11%). 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 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 $169.45.

How much money does Chevron make?

Chevron (NYSE:CVX) has a market capitalization of $327.66 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 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 2/5/2023 by MarketBeat.com Staff