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NYSE:CVX

Chevron (CVX) Stock Forecast, Price & News

$153.00
+2.38 (+1.58%)
(As of 12:22 PM ET)
Compare
Today's Range
$149.74
$153.07
50-Day Range
$150.62
$172.44
52-Week Range
$132.54
$189.68
Volume
4.63 million shs
Average Volume
8.20 million shs
Market Capitalization
$289.88 billion
P/E Ratio
8.26
Dividend Yield
3.95%
Price Target
$192.78

Chevron MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
27.3% Upside
$192.11 Price Target
Short Interest
Healthy
0.81% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.96
Upright™ Environmental Score
News Sentiment
0.32mentions of Chevron in the last 14 days
Based on 28 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.37%
From $14.22 to $15.41 Per Share

Overall MarketRank

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

3.19 out of 5 stars

Oils/Energy Sector

12th out of 249 stocks

Petroleum Refining Industry

2nd out of 17 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

Minister: Chevron 'positive' about Israeli-Cypriot plans for natural gas pipeline, processing plant
Cyprus’ energy minister says oil and gas company Chevron is “positive” about an Israeli-Cypriot plan for a pipeline that would convey offshore natural gas from both countries to Cyprus where it would be liquefied for export by ship to Europe and elsewhere
2 Energy Mid-Caps Expected To Post Monster Earnings Growth (CVX)
As the wider energy sector rebounds, mid-caps Weatherford and Tidewater are expected to grow 2023 earnings at triple or quadruple-digit rates.
The $193 Billion US-China War You Don't Know About
They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.
Warren Buffett Boosts Occidental Stake, Adds 3.46 Million Shares (CVX)
Warren Buffett has been adding to Berkshire Hathaway's Occidental Petroleum stake. He's previously said he has no interest in buying the company outright.
Buffett's Latest Buys: What Stocks Is He Adding to His Portfolio? (CVX)
Berkshire Hathaway buys $13.2 billion stake in Occidental Petroleum. Capital One is a new large holding, while stakes in Bank of America and Citigroup increase.
Is Alteryx Stock Presenting a Buying Opportunity? (CVX)
Alteryx Inc. (NYSE: AYX) is a big data analytics automation platform enabling companies to collect, process, prepare and analyze data in different formats from
Don’t Know What Stocks to Buy in the Oil Market? Try the XLE ETF (CVX)
If you've been keeping track of oil prices, especially since OPEC cut production by an additional 1.16 million barrels daily, you might be searching for ways
BP Shares Sold Off After Earnings: Here Is What Upset Markets (CVX)
BP shares are trading lower along with the broader market on a volatile session, upset investors may lose sight of the bigger picture upside in the stock
ChatGPT Is Already "Old School"
As good as ChatGPT is at writing content, it still doesn't understand what it's saying. But a new AI technology breakthrough will understand and process information like a human. One young company is leading the way.
RBC Capital Upgrades Chevron (CVX)
Dow Jones Today: Intel Soars While Index Dives
Chevron (NYSE:CVX) Upgraded at JPMorgan Chase & Co.
Dow Jones Today: Index Down on Debt Ceiling Jitters
See More Headlines

CVX Price History

CVX Company Calendar

Ex-Dividend for 3/10 Dividend
2/15/2023
Dividend Payable
3/10/2023
Last Earnings
4/28/2023
Ex-Dividend for 6/12 Dividend
5/18/2023
Today
6/01/2023
Dividend Payable
6/12/2023
Next Earnings (Estimated)
8/04/2023
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
$192.78
High Stock Price Forecast
$212.00
Low Stock Price Forecast
$170.00
Forecasted Upside/Downside
+28.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
20 Analysts

Profitability

Net Income
$35.47 billion
Pretax Margin
20.66%

Debt

Sales & Book Value

Annual Sales
$246.25 billion
Cash Flow
$27.14 per share
Book Value
$84.68 per share

Miscellaneous

Outstanding Shares
1,894,640,000
Free Float
1,891,233,000
Market Cap
$285.37 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
  • James William JohnsonJames William Johnson
    Executive Vice President & Senior Advisor













CVX Stock - Frequently Asked Questions

Should I buy or sell Chevron stock right now?

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chevron in the last year. There are currently 8 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research 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?

20 brokerages have issued 1-year target prices for Chevron's shares. Their CVX share price forecasts range from $170.00 to $212.00. On average, they anticipate the company's stock price to reach $192.78 in the next year. This suggests a possible upside of 28.0% 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 at the start of the year. Since then, CVX shares have decreased by 16.1% and is now trading at $150.62.
View the best growth stocks for 2023 here
.

Are investors shorting Chevron?

Chevron saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 15,390,000 shares, an increase of 8.3% from the April 30th total of 14,210,000 shares. Based on an average daily volume of 7,700,000 shares, the short-interest ratio is currently 2.0 days. Currently, 0.8% of the company's shares 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, August 4th 2023.
View our CVX earnings forecast
.

How were Chevron's earnings last quarter?

Chevron Co. (NYSE:CVX) announced its quarterly earnings data on Friday, April, 28th. The oil and gas company reported $3.55 earnings per share for the quarter, topping analysts' consensus estimates of $3.41 by $0.14. The oil and gas company had revenue of $50.79 billion for the quarter, compared to the consensus estimate of $49.49 billion. Chevron had a net margin of 14.74% and a trailing twelve-month return on equity of 23.15%. Chevron's quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.36 EPS.
Read the conference call transcript
.

How often does Chevron pay dividends? What is the dividend yield for Chevron?

Chevron declared a quarterly dividend on Friday, April 28th. Shareholders of record on Friday, May 19th will be given a dividend of $1.51 per share on Monday, June 12th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Thursday, May 18th.
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 3.94%. 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 32.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CVX will have a dividend payout ratio of 39.20% 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 has authorized a share repurchase plan on Wednesday, January 25th 2023, which permits the company to repurchase $75,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 21.7% of its shares through open market purchases. Shares repurchase plans are usually an indication 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (7.06%), Berkshire Hathaway Inc (6.99%), State Street Corp (6.64%), Geode Capital Management LLC (1.72%), Charles Schwab Investment Management Inc. (1.25%) and Bank of New York Mellon Corp (0.93%). 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 $150.62.

How much money does Chevron make?

Chevron (NYSE:CVX) has a market capitalization of $285.37 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 $18.52 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 6/1/2023 by MarketBeat.com Staff

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