NYSE:CVX

Chevron - CVX Stock Forecast, Price & News

$143.67

-1.10 (-0.76%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $142.49
▼
$145.14
50-Day Range: $140.96
▼
$164.63
52-Week Range: $101.88
▼
$182.40

Volume: 9.38 million shs
Average Volume: 12.67 million shs
Market Capitalization: $282.28 billion

P/E Ratio: 9.58
Dividend Yield: 3.92%
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: 0.09
Based on 30 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

33rd out of 260 stocks

Petroleum Refining Industry

3rd out of 20 stocks

3.3

Analyst's Opinion

Consensus Rating
Chevron has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 15 buy ratings, 5 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $169.20, Chevron has a forecasted upside of 17.8% from its current price of $143.67.
Amount of Analyst Coverage
Chevron has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
1.19% of the outstanding shares of Chevron have been sold short.
Short Interest Ratio / Days to Cover
Chevron has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Chevron has recently decreased by 1.48%, indicating that investor sentiment is improving.

5.0

Dividend Strength

Dividend Leadership
Chevron is a leading dividend payer. It pays a dividend yield of 3.92%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Chevron has been increasing its dividend for 35 years.
Dividend Coverage
The dividend payout ratio of Chevron is 37.89%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Chevron will have a dividend payout ratio of 32.55% next year. This indicates that Chevron will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Chevron has received a -114.09% net impact score from Upright. The largest negative impact of Chevron in category "GHG emissions" seems to be driven mostly by its "Electricity produced with crude oil", "Refined oil", "Crude oil", "Retail of diesel at a gas station", and "Refined natural gas" products. See details.
Environmental Sustainability
The Environmental Impact score for Chevron is -7.96.

1.7

News and Social Media Coverage

News Sentiment
Chevron has a news sentiment score of 0.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.45 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 30 news articles for Chevron this week, compared to 18 articles on an average week.
Search Interest
Only 209 people have searched for CVX on MarketBeat in the last 30 days. This is a decrease of -15% compared to the previous 30 days.
MarketBeat Follows
Only 120 people have added Chevron to their MarketBeat watchlist in the last 30 days. This is a decrease of -11% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Chevron insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $23,024,499.00 in company stock.
Percentage Held by Insiders
Only 0.32% of the stock of Chevron is held by insiders.
Percentage Held by Institutions
69.30% of the stock of Chevron is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Chevron are expected to decrease by -5.01% in the coming year, from $18.37 to $17.45 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Chevron is 9.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.48.
Price to Earnings Ratio vs. Sector
The P/E ratio of Chevron is 9.58, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 46.07.
Price to Earnings Growth Ratio
Chevron has a PEG Ratio of 0.57. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Chevron has a P/B Ratio of 1.98. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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 30, 2022 | benzinga.com

Bearish On Exxon, Chevron? This Inverse ETF Tracks The Energy Sector - Direxion Daily Energy Bear 2X Shar - Benzinga

September 30, 2022 | bizjournals.com

Chevron's massive oil well project in Colorado OK'd - Denver Business Journal - The Business Journals

September 30, 2022 | finance.yahoo.com

Is Alliance Resource Partners (ARLP) Outperforming Other Oils-Energy Stocks This Year?

September 30, 2022 | seekingalpha.com

Chevron delivers first shipment of offset-paired LNG cargo (NYSE:CVX) - Seeking Alpha

September 30, 2022 | reuters.com

Chevron’s geographical transition sends bad signal - Reuters

September 30, 2022 | businesswire.com

FreeWire Technologies To Make Available Ultrafast, Battery-integrated EV Charging for Chevron and Texaco Stations - Business Wire

September 29, 2022 | businesswire.com

Chevron Delivers First Offset-Paired LNG Cargo - Business Wire

September 29, 2022 | finance.yahoo.com

Chevron Delivers First Offset-Paired LNG Cargo

September 29, 2022 | benzinga.com

Chevron Whale Trades For September 29 - Chevron (NYSE:CVX) - Benzinga

September 29, 2022 | marketwatch.com

FreeWire to Provide EV Charging Equipment for Chevron, Texaco Stations - MarketWatch

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

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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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: 9/30/2022
Next Earnings (Estimated): 11/04/2022
Fiscal Year End: 12/31/2022

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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: +17.8%
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: 9.58
Forward P/E Ratio: 7.82
P/E Growth: 0.57
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: 1.74
Cash Flow: $17.14 per share
Price / Cash Flow: 8.38
Book Value: $72.60 per share
Price / Book: 1.98

Miscellaneous

Outstanding Shares: 1,964,813,000
Free Float: 1,958,526,000
Market Cap: $282.28 billion
Optionable: Optionable
Beta: 1.15

Social Links

Key Executives

Mr. Michael K. Wirth (Age 61)
Chairman & CEO
Comp: $6.5M

Mr. Pierre R. Breber (Age 58)
VP & CFO
Comp: $2.94M

Mr. Mark A. Nelson (Age 59)
Exec. VP of Downstream & Chemicals
Comp: $2.87M

Mr. James William Johnson (Age 63)
Exec. VP of Upstream
Comp: $4.05M

Ms. Eimear P. Bonner (Age 47)
VP, CTO & Pres of Chevron Technical Center

Mr. R. Hewitt Pate (Age 59)
VP & Gen. Counsel

Ms. 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 equities research 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 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 2022?: 21 analysts have issued 12-month target prices for Chevron's stock. Their CVX share price forecasts range from $114.00 to $202.00. On average, they predict the company's stock price to reach $169.20 in the next year. This suggests a possible upside of 17.8% 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 2022. Since then, CVX stock has increased by 22.4% and is now trading at $143.67.
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 trading volume, of 9,570,000 shares, the days-to-cover ratio is currently 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) posted its quarterly earnings results on Friday, July, 29th. The oil and gas company reported $5.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.02 by $0.80. The oil and gas company earned $68.76 billion during the quarter, compared to the consensus estimate of $57.69 billion. Chevron had a net margin of 13.45% and a trailing twelve-month return on equity of 19.73%. The company's quarterly revenue was up 82.9% on a year-over-year basis. During the same quarter last year, the company posted $1.71 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 Wednesday, July 27th. Shareholders 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 dividend yield of 3.95%. The ex-dividend date 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 3.92%. 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 $143.67.
How much money does Chevron make?: Chevron (NYSE:CVX) has a market capitalization of $282.28 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 9/30/2022 by MarketBeat.com Staff

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Chevron - CVX Stock Forecast, Price & News

Chevron MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows