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Chevron (CVX) Stock Price, News & Analysis

$158.40
+0.65 (+0.41%)
(As of 09:04 AM ET)
Today's Range
$158.40
$158.40
50-Day Range
$154.55
$166.34
52-Week Range
$139.62
$171.70
Volume
6,399 shs
Average Volume
8.06 million shs
Market Capitalization
$291.93 billion
P/E Ratio
14.57
Dividend Yield
4.12%
Price Target
$186.10

Chevron MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.74 Rating Score
Upside/​Downside
18.0% Upside
$186.10 Price Target
Short Interest
Bearish
2.89% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.96
Upright™ Environmental Score
News Sentiment
0.65mentions of Chevron in the last 14 days
Based on 30 Articles This Week
Insider Trading
Selling Shares
$3.18 M Sold Last Quarter
Proj. Earnings Growth
14.37%
From $13.57 to $15.52 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.36 out of 5 stars

Oils/Energy Sector

38th out of 241 stocks

Petroleum Refining Industry

5th out of 17 stocks

CVX stock logo

About Chevron Stock (NYSE:CVX)

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.



CVX Stock Price History

CVX Stock News Headlines

Mastering Stocks in the Dow: Insights into the DJIA (CVX)
What is the Dow Jones Industrial Average (DJIA)? The Dow Jones Industrial Average includes 30 companies, once all industrial companies. Learn more.
Cyprus gives Chevron another 6 months to come up with a timetable on a natural gas field development
Cyprus has given Chevron another six months to come up with a revised plan to develop a sizeable natural gas deposit off the island nation’s southern coastline after an earlier plan was deemed lacking in a specific timetable
Chevron Co. (NYSE:CVX) VP Sells $462,000.00 in Stock
3 Value Stocks to Buy at a 52-Week Low in May
Chevron (NYSE:CVX) Stock Price Down 0.2% After Insider Selling
Chevron Co. (NYSE:CVX) VP Jeff B. Gustavson Sells 3,750 Shares
3 Dividend Stocks to Buy Now: May 2024
See More Headlines
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Company Calendar

Ex-Dividend for 3/11 Dividend
2/15/2024
Dividend Payable
3/11/2024
Last Earnings
4/26/2024
Ex-Dividend for 6/10 Dividend
5/16/2024
Today
5/27/2024
Dividend Payable
6/10/2024
Next Earnings (Estimated)
7/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
Integrated Oil & Gas
CUSIP
16676410
Employees
45,600
Year Founded
1879

Price Target and Rating

Average Stock Price Target
$186.10
High Stock Price Target
$206.00
Low Stock Price Target
$160.00
Potential Upside/Downside
+18.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.74
Research Coverage
19 Analysts

Profitability

Net Income
$21.37 billion
Pretax Margin
14.07%

Debt

Sales & Book Value

Annual Sales
$200.95 billion
Cash Flow
$22.25 per share
Book Value
$85.78 per share

Miscellaneous

Outstanding Shares
1,842,970,000
Free Float
1,839,280,000
Market Cap
$290.73 billion
Optionable
Optionable
Beta
1.11

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CVX Stock Analysis - Frequently Asked Questions

Should I buy or sell Chevron stock right now?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chevron in the last twelve months. There are currently 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CVX shares.
View CVX analyst ratings
or view top-rated stocks.

What is Chevron's stock price target for 2024?

19 analysts have issued 1-year price objectives for Chevron's stock. Their CVX share price targets range from $160.00 to $206.00. On average, they expect the company's share price to reach $186.10 in the next year. This suggests a possible upside of 18.0% 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 2024?

Chevron's stock was trading at $149.16 at the start of the year. Since then, CVX stock has increased by 5.8% and is now trading at $157.75.
View the best growth stocks for 2024 here
.

When is Chevron's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, July 26th 2024.
View our CVX earnings forecast
.

How were Chevron's earnings last quarter?

Chevron Co. (NYSE:CVX) posted its quarterly earnings results on Friday, April, 26th. The oil and gas company reported $2.93 EPS for the quarter, beating analysts' consensus estimates of $2.84 by $0.09. The oil and gas company earned $48.72 billion during the quarter, compared to the consensus estimate of $48.42 billion. Chevron had a net margin of 10.21% and a trailing twelve-month return on equity of 14.40%. The business's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period last year, the firm posted $3.55 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 26th. Shareholders of record on Friday, May 17th will be given a dividend of $1.63 per share on Monday, June 10th. This represents a $6.52 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date is Thursday, May 16th.
Read our dividend analysis for CVX
.

Is Chevron a good dividend stock?

Chevron (NYSE:CVX) pays an annual dividend of $6.52 per share and currently has a dividend yield of 4.13%. 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 37 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 59.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CVX will have a dividend payout ratio of 42.01% 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 of Directors has initiated a share buyback plan on Wednesday, January 25th 2023, which allows the company to repurchase $75,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 21.7% of its stock through open market purchases. Stock repurchase plans are generally a sign 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).

Who are Chevron's major shareholders?

Chevron's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.70%), Bank of New York Mellon Corp (0.87%), Capital World Investors (0.87%), Capital International Investors (0.73%), Price T Rowe Associates Inc. MD (0.51%) and Capital Research Global Investors (0.48%). Insiders that own company stock include Alana K Knowles, Alice P Gast, Colin E Parfitt, David A Inchausti, David A Inchausti, Eimear P Bonner, Eimear P Bonner, Enrique Hernandez Jr, James William Johnson, Jeff B Gustavson, Jeff B Gustavson, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NYSE:CVX) was last updated on 5/28/2024 by MarketBeat.com Staff

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