Chevron (CVX) Stock Forecast & Price Target

$209.58 -1.99 (-0.94%)

Closing price 09/18/2026 03:59 PM Eastern

Extended Trading

$209.27 -0.31 (-0.15%)

As of 09/18/2026 07:59 PM Eastern

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Chevron - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 26 Analyst Ratings

Sell
1

Hold
5

Buy
20

Based on 26 Wall Street analysts who have issued ratings for Chevron in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 26 analysts, 1 has given a sell rating, 5 have given a hold rating, and 20 have given a buy rating for CVX.

Consensus Price Target

$211.35
0.84% Upside

According to the 26 analysts' twelve-month price targets for Chevron, the average price target is $211.35. The highest price target for CVX is $243.00, while the lowest price target for CVX is $160.00. The average price target represents a forecasted upside of 0.84% from the current price of $209.58.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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CVX Analyst Ratings Over Time

Type	Current Forecast 9/20/25 to 9/20/26	1 Month Ago 8/21/25 to 8/21/26	3 Months Ago 6/22/25 to 6/22/26	1 Year Ago 9/20/24 to 9/20/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	20 Buy rating(s)	20 Buy rating(s)	18 Buy rating(s)	11 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$211.35	$207.48	$205.70	$166.17
Forecasted Upside	0.84% Upside	1.09% Upside	17.63% Upside	6.44% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

CVX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CVX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Chevron Stock vs. The Competition

Type	Chevron	Energy Companies	Broader Market
Consensus Rating Score	2.73	2.45	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	0.84% Upside	34.39% Upside	18.44% Upside
News Sentiment Rating	Positive News See Recent CVX News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/3/2026	BMO Capital Markets 3 of 5 stars	Phillip Jungwirth Not Rated	Boost Target	Outperform	$210.00 ➝ $235.00	+10.97%
9/3/2026	Piper Sandler 2 of 5 stars	John Royall Not Rated	Boost Target	Overweight	$207.00 ➝ $243.00	+14.75%
9/3/2026	Wells Fargo & Company 3 of 5 stars	Sam Margolin Not Rated	Boost Target	Overweight	$226.00 ➝ $230.00	+8.61%
8/19/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Devin McDermott Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$210.00 ➝ $218.00	+5.29%
8/17/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Betty Jiang Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Equal Weight	$216.00 ➝ $208.00	+4.01%
8/11/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold (C) ➝ Buy (B)
8/6/2026	Dbs Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Moderate Buy
8/5/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jason Gabelman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Hold	$200.00 ➝ $205.00	+7.72%
8/3/2026	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Nitin Kumar Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$224.00	+15.44%
8/3/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Bob Brackett Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Market Perform	$204.00 ➝ $209.00	+7.58%
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7/28/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jean Ann Salisbury Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$210.00 ➝ $227.00	+19.57%
7/10/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy	$216.00	+23.51%
7/2/2026	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Doug Leggate Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Peer Perform ➝ Outperform	$210.00	+26.74%
6/23/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Josh Silverstein Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy
6/8/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
5/6/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy	$216.00	+12.12%
5/5/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Biraj Borkhataria Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$220.00	+14.70%
4/22/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Paul Cheng Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Sector Perform	$168.00 ➝ $187.00	-0.26%
4/17/2026	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Lucas Herrmann Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$174.00	-7.45%
4/9/2026	Tudor Pickering Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	$225.00	+16.69%
4/2/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Alastair Syme Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$210.00 ➝ $235.00	+17.42%
3/20/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	$215.00	+6.78%
2/17/2026	Melius Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	James West Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Buy	$205.00	+11.62%
2/3/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$203.00	+15.00%
1/20/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Arun Jayaram Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Neutral ➝ Overweight	$176.00	+5.85%
1/6/2026	Freedom Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Hold ➝ Strong Sell
10/17/2025	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Justin Jenkins Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$170.00 ➝ $160.00	+4.52%
7/31/2025	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Stephen Richardson Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform	$180.00	+17.13%
5/6/2025	DZ Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	W. Eisenmann Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Buy ➝ Sell	$130.00	-4.04%
4/23/2025	Rothschild & Co Redburn Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Peter Low Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Neutral ➝ Sell	$156.00 ➝ $124.00	-9.66%
2/4/2025	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Neal Dingmann Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Hold	$164.00 ➝ $160.00	+4.55%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 01:41 PM ET.

Should I Buy Chevron Stock? CVX Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, September 17, 2026. Please send any questions or comments about these Chevron pros and cons to contact@marketbeat.com.

Chevron
Bull Case

Here are some ways that investors could benefit from investing in Chevron:

Chevron is expanding its Venezuelan joint ventures with improved fiscal and commercial terms, including additional Orinoco Belt acreage, and plans to invest more than $7 billion over five years to increase production, which could significantly strengthen long-term cash flow if operating conditions remain favorable.
The company is pursuing liquefied natural gas opportunities in Argentina, the Mediterranean, Africa, and Australia to target growing Asian demand, a diversification strategy that could reduce reliance on volatile crude oil prices over time.
Chevron recently reported strong downstream performance and signed a power agreement with Microsoft, creating a potentially repeatable business model that is less dependent on oil prices, which may provide a new driver for stock growth independent of commodity cycles.
Higher oil prices, fueled by attacks on Saudi energy infrastructure and concerns about supply disruptions, are supportive of Chevron’s upstream earnings and may improve the economics of its Venezuelan investments, benefiting from the current global fuel crisis narrative.
With the current stock price at $211.53, the company offers a dividend yield of 3.27%, providing a steady income stream for investors while the stock trades near its 52-week high of $217.78, reflecting strong recent momentum and market confidence.

Chevron
Bear Case

Investors should be bearish about investing in Chevron for these reasons:

The planned Venezuelan spending commitment increases capital requirements and exposes Chevron to political, legal, operational, and sanctions-related risks in a challenging oil-producing region, which could impact returns if conditions deteriorate.
Management’s warnings of a global fuel crisis highlight supply constraints but also raise concerns about geopolitical instability, refining disruptions, and broader market volatility, factors that can pressure energy stocks despite higher oil prices.
Insiders have been selling significant amounts of stock recently, including CEO Michael Wirth who sold 317,100 shares in August 2026, and over the last ninety days, insiders sold 1,152,582 shares valued at $225,853,661, which may signal a lack of confidence in near-term upside.
Investors may be taking profits after the recent rally and the stock hitting its 52-week high, leading to a 2.9% drop in share price during mid-day trading on Wednesday, September 16, 2026, indicating potential short-term volatility and profit-taking pressure.
The company's dividend payout ratio is 68.26%, which is relatively high and may limit the company's ability to reinvest in growth opportunities or weather a downturn in oil prices, potentially affecting future dividend sustainability.

CVX Forecast - Frequently Asked Questions

According to the research reports of 26 Wall Street equities research analysts, the average twelve-month stock price forecast for Chevron is $211.35, with a high forecast of $243.00 and a low forecast of $160.00.

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chevron in the last twelve months. There is currently 1 sell rating, 5 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CVX shares.

According to analysts, Chevron's stock has a predicted upside of 0.84% based on their 12-month stock forecasts.

Over the previous 90 days, Chevron's stock had 3 upgrades by analysts.

Chevron has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Dbs Bank, Jefferies Financial Group, Mizuho, Morgan Stanley, Piper Sandler, Sanford C. Bernstein, TD Cowen, UBS Group, Weiss Ratings, Wells Fargo & Company, and Wolfe Research in the past 90 days.

Analysts like Chevron more than other "energy" companies. The consensus rating for Chevron is Moderate Buy while the average consensus rating for "energy" companies is Hold. Learn more on how CVX compares to other companies.

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Brokerages With Chevron Recommendations

MarketBeat monitors more than a dozen sources for Chevron analyst ratings, with the most recent rating issued on 9/3/2026.

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Chevron (CVX) Stock Forecast & Price Target