Chevron (CVX +2.88%) offers an attractive 3.1% yield, backed by 38 consecutive annual dividend increases. It is the kind of energy stock that even a conservative dividend investor can comfortably buy and hold for the long term. A key part of Chevron's success, however, is its willingness to think long term, even if that entails material up-front costs.
Here's why Chevron's agreement with Hess Midstream LP (HESM +1.90%), which will require a write-off of up to $4 billion, is the perfect example of the long-term thinking that makes Chevron a buy-and-hold energy stock.
Image source: Getty Images.
Chevron is a financially strong industry giant
The first thing that you need to understand about Chevron is its scale. With a market cap of around $440 billion, it is one of the world's largest energy companies. It has operations around the world and spread across the entire energy value chain, from the upstream (production) through the midstream (pipelines) and all the way to the downstream (chemicals and refining). The up to $4 billion write-off Chevron is facing from its deal with Hess Midstream is actually a fairly small figure given the company's size and diversification.
Moreover, Chevron has one of the strongest balance sheets among its integrated energy peer group. With a debt-to-equity ratio of roughly 0.2x, only ExxonMobil (XOM +2.79%), at around 0.16x, has less leverage right now. Chevron can easily handle the write-off that the deal with Hess Midstream will entail. In other words, don't worry about the up-front cost; focus on the long-term benefit.
What exactly is Chevron doing with Hess Midstream?
On the surface, the deal with Hess Midstream is pretty generous for Hess. Chevron is basically giving Hess Midstream assets and eating the cost. That's why the transaction will involve a one-time write-off of up to $4 billion. The assets in question are Chevron's ownership interest in Hess Midstream, including its general partner interest, as well as some of Chevron's own midstream assets.
Before getting into what Chevron is getting out of this, it is important to remember that Chevron completed its acquisition of Hess in 2025. The ownership stake in Hess Midstream came along with that transaction. So this move is partly about Chevron cleaning up its portfolio as it integrates the Hess business.
CVX Chevron$233.21+$6.53 (+2.88%)
NYSE · As of 4:00 PM ET 10/23/26
However, Chevron is getting something out of this deal, as it will materially lower its midstream costs in the Bakken region. Management believes the reduction could be as much as 50%, which would be a significant long-term benefit. In fact, controlling costs is a key focus of most oil companies, given that the products they sell are commodities. The lower Chevron's operating costs are, the more profit it can make over the long term. And the more leeway it has to protect its profits when oil prices eventually fall from their recent highs.
Chevron's short-term pain will lead to a long-term gain
Chevron's ability to think long-term is exactly why dividend investors should consider the stock a core energy holding. In fact, despite the up-front cost, the Hess Midstream deal highlights Chevron's goal of positioning itself to benefit through the entire energy cycle. In other words, don't look at the up to $4 billion one-time charge as a negative. Look at it as Chevron paying now to benefit from lower costs for years to come, which is likely to be a huge positive in the historically volatile energy sector.
The company's strong dividend history is proof of Chevron's success at thinking long term. But don't overlook the 3.1% yield, which is well above the energy industry average of 2.4%. If you are considering an energy investment right now, Chevron could actually be the buy-and-hold dividend stock you've been looking for precisely because of its willingness to make deals like the one it just inked with Hess Midstream.
Brookstone Capital Management lifted its holdings in Chevron Corporation (NYSE:CVX – Free Report) by 31.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,461 shares of the oil and gas company’s stock after buying an additional 29,382 shares during the period. Brookstone Capital Management’s holdings in Chevron were worth $25,008,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of CVX. Blue Capital Inc. bought a new stake in shares of Chevron in the second quarter valued at approximately $786,000. OneAscent Wealth Management LLC bought a new position in Chevron during the 2nd quarter valued at about $973,000. Global Retirement Partners LLC bought a new stake in shares of Chevron during the second quarter worth $14,276,000. Greg Jennings LLC acquired a new stake in shares of Chevron in the 3rd quarter valued at $1,314,000. Finally, Ferguson Wellman Capital Management Inc. boosted its stake in Chevron by 0.6% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 911,718 shares of the oil and gas company’s stock valued at $186,182,000 after acquiring an additional 5,787 shares during the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.
Chevron Stock Performance Shares of CVX stock opened at $233.39 on Friday. The company has a market cap of $461.13 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 0.54 and a beta of 0.53. Chevron Corporation has a 52 week low of $146.49 and a 52 week high of $233.74. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $210.61 and a 200-day moving average of $194.38.
Chevron (NYSE:CVX – Get Free Report) last released its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. The company had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. Chevron’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.77 EPS. On average, equities analysts forecast that Chevron Corporation will post 18.20 earnings per share for the current year. Chevron Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were issued a dividend of $1.78 per share. The ex-dividend date was Wednesday, August 19th. This represents a $7.12 annualized dividend and a dividend yield of 3.1%. Chevron’s dividend payout ratio is currently 68.26%.
Insider Activity at Chevron In related news, insider R. Pate sold 40,700 shares of the company’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $226.65, for a total transaction of $9,224,655.00. Following the transaction, the insider directly owned 8,791 shares of the company’s stock, valued at approximately $1,992,480.15. This represents a 82.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andrew Walz sold 16,800 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $201.06, for a total value of $3,377,808.00. Following the completion of the transaction, the insider owned 14 shares in the company, valued at approximately $2,814.84. The trade was a 99.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,195,682 shares of company stock worth $235,619,780 over the last three months. 0.56% of the stock is currently owned by company insiders.
Chevron News Roundup Here are the key news stories impacting Chevron this week:
Positive Sentiment: Crude oil prices have climbed above $110 per barrel amid heightened Iran and Middle East supply concerns, improving the earnings and cash-flow outlook for Chevron’s upstream business. Chevron Stock Moves Higher: What’s Going On? Positive Sentiment: Investors are positioning for next week’s earnings report, with analysts expecting year-over-year earnings growth and a potential consensus beat. Erste Group also raised its 2026 EPS forecast to $17.63 from $16.90, although that remains below the broader $18.12 consensus estimate. Chevron Earnings Expected to Grow Positive Sentiment: Chevron plans to apply its successful Permian Basin operating approach to Argentina’s Vaca Muerta shale region and reportedly expects to invest approximately $13.8 billion to accelerate production. The project could provide a long-term production-growth catalyst, though execution and political risks remain. Chevron uses Permian playbook in Argentina Positive Sentiment: Chevron is in exclusive preliminary talks to operate Iraq’s West Qurna 2 field, where output could potentially double under a future development plan. The opportunity would expand production but is not yet a finalized transaction. Chevron Eyes Iraq’s West Qurna 2 Field Positive Sentiment: Unusually high call-option activity and comparisons favoring CVX over ExxonMobil are reinforcing bullish sentiment, with analysts citing stronger free cash flow, cost savings and projected 2026 earnings growth. Neutral Sentiment: Chevron is reportedly considering a roughly $1 billion sale of mature Gulf of Mexico assets to concentrate capital on newer offshore and international growth projects. The strategy could improve portfolio efficiency, but proceeds and valuation are still uncertain. Chevron Eyes $1B Gulf Asset Sale Negative Sentiment: Insider R. Hewitt Pate sold 43,100 shares in two transactions. The sales were conducted under a pre-arranged Rule 10b5-1 plan, limiting their bearish significance, but the large reduction in ownership could weigh modestly on sentiment. Chevron insider trading filing Analyst Upgrades and Downgrades A number of brokerages have weighed in on CVX. Barclays cut their price target on shares of Chevron from $216.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Monday, August 17th. Wall Street Zen upgraded Chevron from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. TD Cowen upped their target price on Chevron from $215.00 to $225.00 and gave the company a “hold” rating in a research report on Monday, October 12th. Bank of America boosted their price objective on shares of Chevron from $210.00 to $227.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Finally, BNP Paribas Exane reduced their price objective on shares of Chevron from $230.00 to $224.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $213.96.
Read Our Latest Analysis on CVX
Chevron Profile (Free Report)
Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.
The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.
Further Reading Five stocks we like better than Chevron Spotify Soars After Earnings as the Company Touts AI Benefits and Moderating Costs Lockheed Martin’s Record $292 Billion Backlog Comes With a Delivery Test Palantir’s Next Big Test Isn’t a Partnership—It’s the Numbers Kinder Morgan’s $4.7 Billion Pipeline Bet Could Be Bigger Than Its Earnings Beat
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.
In the latest close session, Chevron (CVX - Free Report) was up +2.88% at $233.21. The stock outpaced the S&P 500's daily loss of 0.52%. Elsewhere, the Dow saw a downswing of 1.24%, while the tech-heavy Nasdaq depreciated by 0.21%.
Prior to today's trading, shares of the oil company had gained 10.23% outpaced the Oils-Energy sector's gain of 5.63% and the S&P 500's loss of 1.21%.
The investment community will be closely monitoring the performance of Chevron in its forthcoming earnings report. The company is scheduled to release its earnings on October 30, 2026. The company's earnings per share (EPS) are projected to be $4.78, reflecting a 158.38% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $60.49 billion, indicating a 21.64% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $18.2 per share and revenue of $240.94 billion, which would represent changes of +149.66% and +27.46%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Chevron. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 10.15% higher. Chevron is currently a Zacks Rank #1 (Strong Buy).
With respect to valuation, Chevron is currently being traded at a Forward P/E ratio of 12.45. For comparison, its industry has an average Forward P/E of 7.69, which means Chevron is trading at a premium to the group.
It is also worth noting that CVX currently has a PEG ratio of 0.54. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.7 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 17, positioning it in the top 7% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Chevron Corp. (NYSE:CVX) shares are jumping Friday as crude oil climbs on growing expectations that the U.S. could strike Iran again within weeks. Here’s what you should know.
Chevron shares are testing new highs. Why did CVX hit a new high? Chevron Stock Rises as Iran Strike Fears BuildEnergy stocks are rising because traders see a growing chance that the U.S. will resume strikes on Iran in the coming weeks.
President Donald Trump has said he does not plan to strike Iran again before the November 3 midterm elections. Yet Reuters says investors increasingly expect another joint U.S.-Israeli attack soon afterward.
Iran’s military, meanwhile, has said it is ready for “asymmetric warfare,” according to reports. Investors fear new fighting would prolong supply disruptions and keep energy prices elevated, which could benefit oil and gas companies.
Oil Prices Reach Highest Level Since MayBrent crude trades at $114.99 a barrel as of 9:00 a.m. EST, up $1.71, or 1.5%. It touched $115.16 earlier, its highest price since May 4. West Texas Intermediate, the U.S. benchmark, rose to $101.27, a gain of $1.80, or 1.8%.
Crude flows out of the Gulf look normal, near pre-war levels, yet Brent has held above $110 all week. Reuters said that mismatch suggests traders are preparing for more Middle East strikes.
Middle East Attacks Add to Supply ConcernsViolence keeps raising the risk of disruption. Houthis kept up their attacks on Saudi Arabia this week. They hit a civilian airport and an oilfield, and multiple people died or were hurt. Saudi Aramco evacuated its Dhahran headquarters Thursday as the fighting intensified.
In the Strait of Hormuz, Iran’s Islamic Revolutionary Guard Corps said its forces struck more tankers. The U.S. State Department has ordered some diplomats and family members out of its Saudi missions. The UAE also reported an oil spill from a tanker, and a valve closure on a Libyan pipeline reduced output at two oilfields.
UBS analyst Giovanni Staunovo said the market still worries about a “potential escalation” that, in the worst case, could renew supply disruptions. Volatile flows and high freight rates have kept supply short, Staunovo said.
CVX Shares Are RisingCVX Price Action: Chevron shares were up 2.54% at $232.43 at the time of publication on Friday. The stock is trading at a new 52-week high, according to Benzinga Pro.
Read Next
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
Chevron (CVX - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on October 30, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis oil company is expected to post quarterly earnings of $4.78 per share in its upcoming report, which represents a year-over-year change of +158.4%.
Revenues are expected to be $60.49 billion, up 21.6% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 29.44% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Chevron?For Chevron, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.69%.
On the other hand, the stock currently carries a Zacks Rank of #1.
So, this combination indicates that Chevron will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Chevron would post earnings of $5.8 per share when it actually produced earnings of $6.06, delivering a surprise of +4.48%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Chevron appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Key Takeaways Chevron's Hess acquisition, rising production and cost savings support its growth and capital efficiency.XOM benefits from a larger production scale, integrated operations and expanding Permian and Guyana projects.Chevron's projected 148.6% earnings growth in 2026 tops ExxonMobil's 95%, giving CVX the edge. Energy giants Chevron Corporation (CVX - Free Report) and ExxonMobil Holdings Corporation (XOM - Free Report) are attracting investor attention as their shares approach 52-week highs. CVX trades at $226.68, near its 52-week high of $229.04, while XOM changes hands at $178.23 against a high of $180.31. Rising crude prices have supported the stock’s recent gains, with Brent crude surging above $110 per barrel.
Both companies benefit from oil and gas production, refining operations and disciplined capital allocation. However, buying near yearly peaks calls for examining whether operational improvements justify continued optimism. Their respective exposure to Guyana, the Permian Basin and downstream markets offers a common basis for comparing production growth, cash generation, operating efficiency and shareholder rewards.
The Case for CVX StockChevron’s appeal centers on its enlarged upstream portfolio following the Hess acquisition. Second-quarter 2026 worldwide production reached 4.07 million barrels of oil equivalent per day, rising 20% year over year, aided by legacy Hess assets and growth in the Permian Basin and Gulf of America. Management expects full-year output of 3.98 million to 4.10 million barrels of oil equivalent per day. Its Guyana exposure also provides high-margin oil growth opportunities into the next decade.
Cost discipline is another advantage. CVX achieved $1.5 billion in annualized Hess-related synergies, exceeding its original goal, while securing $3 billion in annual structural savings since 2024. These efforts can protect margins when commodity prices retreat. The company also expects to spend 25% less capital per barrel of oil equivalent in its U.S. shale and tight operations this year than last year, indicating stronger capital productivity.
Chevron’s financial flexibility supports its investment appeal. It generated $22.6 billion in operating cash flow and $18.1 billion in free cash flow during the second quarter, while reducing total debt by $8.4 billion. A quarterly dividend of $1.78 per share and continued repurchases reinforce its shareholder-return focus. Moreover, a 20-year agreement to supply 2.67 gigawatts of power to a Microsoft data center creates an additional avenue for monetizing natural gas demand.
Recent portfolio moves add promise and uncertainty. Agreements in Venezuela contemplate more than $7 billion of joint-venture investment over five years, with ambitions to more than double production to approximately 600,000 barrels daily. Separately, planned changes to Hess Midstream arrangements aim to halve Bakken unit midstream costs, although Chevron anticipates a substantial one-time accounting loss. Political exposure, execution risks and commodity sensitivity remain important considerations near the stock’s high.
The Case for XOM StockExxonMobil brings greater operating scale and a broad portfolio spanning upstream production, fuels, chemicals and specialty products. Its second-quarter output totaled 4.51 million oil-equivalent barrels daily, despite Middle East disruptions. Production in the Permian exceeded 1.8 million barrels daily, and management sees a 9% compound annual growth trajectory there through 2030. In Guyana, the next floating production vessel is scheduled to add 250,000 barrels of daily capacity, reinforcing future supply growth.
ExxonMobil’s integrated operations provide another differentiator. Record second-quarter diesel production demonstrated the value of refining capacity when supplies tightened, while chemical margins benefited from regional supply disruptions. Specialty products delivered particularly strong results. This combination gives XOM more ways to capture value beyond crude production, though refining and chemical earnings remain exposed to changes in product spreads and demand.
Financial performance also stands out. XOM generated $23.6 billion in operating cash flow and $17.2 billion in free cash flow during the second quarter, alongside $14.7 billion in adjusted earnings. Shareholder distributions totaled $9.4 billion, split between $4.3 billion in dividends and $5.1 billion in repurchases. Its declared quarterly dividend of $1.03 per share underscores a commitment to recurring cash returns.
Efficiency initiatives strengthen ExxonMobil’s longer-term outlook. Cumulative structural cost savings have reached $16.3 billion, providing a platform for further margin improvement as high-value production expands. Still, aggressive capital spending, geopolitical interruptions and dependence on major project execution pose risks. With XOM trading close to its 52-week peak, investors must weigh its operational breadth and growth pipeline against expectations reflected in the share price.
Price PerformanceYear to date, shares of CVX and XOM have gained 48.8% and 48.2%, respectively.
Image Source: Zacks Investment Research
Valuation ComparisonFrom a valuation perspective — in terms of forward price-to-sales ratio — ExxonMobil is trading at a similar valuation of 1.8X when compared with Chevron’s 1.89X.
Image Source: Zacks Investment Research
Earnings Estimate TrendAccording to the Zacks Consensus Estimate, CVX’s earnings are set to rise 148.6% in 2026.
Image Source: Zacks Investment Research
The same for XOM’s 2026 EPS indicates a year-over-year increase of 95%.
Image Source: Zacks Investment Research
ConclusionBoth Chevron and ExxonMobil offer compelling investment opportunities, backed by strong production portfolios, healthy cash flows and consistent shareholder returns, justifying Zacks Rank #1 (Strong Buy) for both companies.
ExxonMobil benefits from its larger operating scale, diversified downstream businesses and expanding Permian and Guyana operations.
However, Chevron appears better positioned for further upside. Its Hess acquisition, accelerating cost savings, improving capital efficiency and stronger free cash flow provide a solid foundation for future growth.
Although both stocks have delivered nearly identical year-to-date gains and trade at comparable forward price-to-sales multiples, Chevron holds a clear advantage in earnings growth prospects. The Zacks Consensus Estimate projects 148.6% earnings growth for CVX in 2026, compared with 95% for XOM, making Chevron the more attractive investment choice.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Arvest Investments Inc. grew its stake in shares of Chevron Corporation (NYSE: CVX) by 44.0% during the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,629 shares of the oil and gas company's stock after acquiring an additional 3,248
In a windy, remote oilfield in Argentina, Chevron (CVX.N) is bringing in US workers, equipment and expertise, betting it can recreate the Permian Basin shale boom that transformed the US oil industry two decades ago, this time in the Vaca Muerta formation, where success has long been elusive.
The US oil producer hopes to accelerate its goal of tripling production from Argentina, with plans to go from one to three drilling rigs at its El Trapial block by early 2029, a company executive told Reuters. Longer term, the company is working to secure government approval for its plan to spend $13.8 billion over 30 years so it can increase production at the block, one of Chevron's three projects in the formation, company officials said.
Vaca Muerta, Spanish for dead cow, is one of the world’s largest shale basins. Output there has never reached its full potential due to Argentina's volatile economy, which has been marked by bouts of protectionism, sovereign debt defaults, hyperinflation and capital controls that made it difficult for companies to access US dollars to pay for imports.
"There's always been an expectation that Vaca Muerta would deliver more than it has," said Adrian Lara, a principal analyst at energy consultancy Wood Mackenzie.
That is changing under President Javier Milei, whose sweeping reforms have accelerated an oil boom that has put Argentina on track to overtake Guyana to become the third-largest liquids producer in South America by 2028, Wood Mackenzie estimates.
The country is expected to average 910,000 barrels of oil equivalent per day this year, a 42% increase from 2023 when Milei took office, according to Wood Mackenzie data.
Even with favorable government policy, producers still must contend with higher costs and a less-developed supply chain than in the Permian, where Chevron alone produces about 1 million barrels of oil equivalent per day (boepd).
Chevron's 25-year-plus history in Argentina and its stake in the upcoming Vaca Muerta Oil Sur export pipeline demonstrate confidence that Argentina's oil sector can sustain its upward trajectory, country manager Ana Simonato said in an interview in Buenos Aires.
"The difference is in the way that we're partnering and working together. That's something very important to enable Vaca Muerta's development," she said.
The importance of oil and gas to Argentina's economy means that even if Milei is not reelected in 2027, a new administration may avoid policies that could slow the energy sector, Lara said. Operators are still confronting the question of how stable Milei's reforms will be as they consider long-term investments, he added.
NEW RIGS, UPGRADED FACILITIES
Chevron disclosed in June that it submitted a $13.8 billion investment plan for El Trapial, but the timeline and its plan to deliver additional rigs and accelerate production growth across the country have not been previously reported.
The oil producer said last year it would triple its output across Argentina by 2035 to 195,000 boepd. That timeline could accelerate if it is able to add a second drilling rig in June next year and a third around early 2029 at El Trapial, Chevron's president of shale and tight, Gerbert Schoonman, said.
"I'm hoping we can shave a year or two off," he said.
Chevron fully owns and operates El Trapial, which currently produces 40,000 boepd. It also holds a 50% interest in both Loma Campana, which produces about 110,000 boepd, and Narambuena, which has not yet started production. Energy firm YPF (YPFDm.BA) operates both, which are also located in Vaca Muerta.
El Trapial is central to Chevron's long-term Vaca Muerta strategy. Chevron envisions extending its contract for the block's western section beyond its 2032 expiration and building additional facilities such as tanks to separate oil and water to handle increased production, Simonato said.
The remote location requires a 45-minute chartered flight from the city of Neuquen. Chevron is replacing older housing units on the campgrounds where crews stay with redesigned buildings with eight bedrooms each. The dining hall's menu features steak — not surprising for a country known for beef — while a new soccer field and courts for padel, a racket sport booming in popularity worldwide, are a short walk away.
HIGH COSTS REMAIN A PROBLEM
The hurdles to develop the field remain vast. Bringing a well online costs about 30% more than in the Permian, though better oil productivity in Vaca Muerta helps to close the gap, Chevron Argentina operations manager Juan Pablo Romano said during a September press tour of El Trapial.
Sand used for hydraulic fracturing, or fracking, is delivered on trucks that travel nearly 2,000 kilometers (1,240 miles) from north of Buenos Aires, as local sources of sand have not yet produced satisfactory results for the high-pressure process, Schoonman said.
Schoonman said that when the second rig is delivered in June, Chevron will be able to build enough inventory of drilled wells so a fracking crew can work continuously on-site, rather than their current intermittent schedule.
The ability to continuously drill and frack wells was a game changer for the Permian and other US shale basins, Schoonman added.
"The same will happen in Vaca Muerta. I'm 100% convinced of that," he said.
Turning a portfolio into a lifelong paycheck sounds straightforward until you see how dramatically the yield you chase changes what you actually keep. The gap between $935,000 and $3.2 million tells a story most retirees never hear before it is…
A 75-year-old who wants $9,350 a month from a portfolio needs $112,200 a year in dividends and distributions without selling any shares. It far exceeds what Social Security provides. After the 3.6% COLA for 2027, the average retired worker collects about $2,170 a month, and the maximum benefit at full retirement age is $4,188.
The math is simple: divide income by yield to get the capital you need. What changes from one yield level to the next is what you give up to get there.
Conservative Tier: $3.2 Million Buys the Safest Paycheck At a 3.5% yield, $112,200 divided by 0.035 equals about $3,206,000, thanks to broad dividend ETFs and blue-chip dividend growers that make up this level.
The Vanguard High Dividend Yield ETF (NYSEARCA:VYM) yields about 2.2% today, below this level. Its payout has grown, though. Trailing dividends are up roughly 67% since 2016. Chevron (NYSE:CVX | CVX Price Prediction) yields about 3.2%. Its quarterly dividend has risen from $1.08 in 2017 to $1.78. You need the most money up front, but in return both your income and principal have room to grow.
Moderate Tier: $1.87 Million With Slower Raises At 6%, $112,200 divided by 0.06 equals $1,870,000. REITs, preferreds, and covered call funds live here.
W. P. Carey (NYSE:WPC) yields about 6.0%. It has raised its dividend every quarter, from $0.86 to $0.95. Occupancy is 98.5%, and 47.8% of base rent is tied to CPI escalators. Goldman Sachs S&P 500 Premium Income ETF (NASDAQ:GPIX) pays about 8.5% by selling calls on the S&P 500. Those calls cap its upside, and the monthly payout moves around. It ran from $0.35 to almost $0.40 this year.
Aggressive Tier: $935,000 and a Shrinking Cushion A 12% yield comes from $112,200 divided by 0.12, which equals $935,000. High-yield bonds, leveraged closed-end funds, and mortgage REITs make up this level.
iShares Broad USD High Yield Corporate Bond ETF (CBOE:USHY) yields about 7.4%. Its monthly payout fell as low as $0.15 in 2022. PIMCO Dynamic Income Fund (NYSE:PDI) yields about 19% at today’s price. It has paid $0.2205 a month since 2015 with no raise, and its share price has fallen 10% over the past year. Such a high yield reflects the market pricing in risk.
How the Six-Fund Mix Gets to About $1.46 Million Holding Weight Current Yield VYM 20% 2.2% GPIX 25% 8.5% WPC 15% 6.0% PDI 15% 18.8% CVX 10% 3.2% USHY 15% 7.4% The combined yield is about 7.7%, so the target takes roughly $1,458,000. Keep in mind that PDI is only 15% of the money but pays far more than its share of the income. If PDI cuts its payout, the monthly check takes a big hit.
Why a 3.5% Yield Can Pay More by Age 84 Picture a 3.5% portfolio whose dividends grow 8% a year. By age 84, its $112,200 of income grows to about $224,000. A 12% portfolio with flat payouts still sends $112,200, and inflation eats into it every year. PDI’s unchanged distribution since 2015 is a real-world example.
Total returns show the same gap. Over ten years, VYM returned 208% on an adjusted basis. PDI returned 72% and USHY 47%. At 75, the catch is that the growth path needs $3.2 million on day one.
Three Moves That Cut the Capital You Need Count Social Security first. A couple collecting the average $3,355 a month only needs the portfolio to fill the gap. A smaller gap lowers the capital you need at every level. Look at NAV and price trends, not just yield. If a fund’s share price keeps falling while it pays out, part of that payout may be your own principal coming back to you. Run that check on PDI and GPIX before relying on their monthly checks. Model taxes and RMDs together. REIT dividends and bond fund income face ordinary income tax rates. VYM and Chevron offer qualified dividends at lower rates. Holding high-yield funds in an IRA can soften the tax bill, but required minimum distributions may still force withdrawals that dip into principal. Contact [email protected] for any questions or corrections.
Key Takeaways Chevron is exploring a $1 billion sale of U.S. Gulf assets, including Petronius, Tubular Bells and Llano.Chevron is prioritizing Anchor and Ballymore to reach 300,000 barrels of oil equivalent per day by 2026.CVX's potential asset sales could attract global and domestic buyers, freeing up capital for growth projects.
Per Reuters, Chevron Corporation (CVX - Free Report) is exploring the potential divestment of several mature oil and gas assets in the U.S. Gulf as part of its strategy to streamline operations and prioritize high-growth opportunities. The proposed transaction could generate approximately $1 billion, according to sources familiar with the matter, although the company has not confirmed any expected proceeds.
The energy major has initiated a marketing process involving select producing properties, with the potential divestments expected to unfold over several months. Chevron emphasized that the initiative remains in its preliminary stages and that there is no certainty of completing any transactions.
The portfolio review reflects Chevron's intention to concentrate resources on newer offshore developments with stronger long-term growth potential while optimizing its existing asset base.
Chevron Identifies Mature Gulf Assets for Potential SaleChevron's proposed divestment portfolio includes Petronius, Tubular Bells and Llano, alongside working interests in several other operated and non-operated offshore fields.
Petronius, which commenced production in 2000, is operated by Chevron in partnership with Talos Energy. Tubular Bells began operations in 2014 and is now wholly owned by Chevron. The company initially held a 43% interest in the field before acquiring the remaining ownership through its takeover of Hess.
Meanwhile, Chevron inherited a 50% stake in Llano following the Hess acquisition. The Shell-operated field has been producing since 2004.
By considering the disposal of these established producing assets, Chevron aims to better align its offshore portfolio with its strategic priorities. However, the company has clarified that the marketing process does not necessarily mean the properties will ultimately be sold.
Anchor and Ballymore Drive Chevron's Gulf Growth StrategyChevron's portfolio optimization efforts coincide with its ambition to increase U.S. Gulf production to 300,000 barrels of oil equivalent per day by the end of 2026.
The company is increasingly prioritizing newer developments, including Anchor and Ballymore, as it seeks to expand production from strategically important offshore projects.
Anchor represents a significant technological milestone as Chevron's first offshore platform operating at ultra-high subsea pressure. Ballymore, which commenced production in 2025, also forms an important part of the company's regional development strategy.
Beyond these projects, Chevron continues exploring opportunities to discover additional hydrocarbon resources near its existing offshore infrastructure. The company has also maintained an active presence in federal offshore drilling-rights auctions, reflecting its commitment to developing future production opportunities.
Strong Buyer Interest Could Support Chevron's Divestment PlansFavorable market conditions could improve Chevron's prospects of securing buyers for its mature offshore properties. Continued interest in U.S. energy assets, coupled with supportive oil prices, provides a potentially attractive backdrop for the proposed transactions.
According to people familiar with the process, the assets could collectively fetch approximately $1 billion, although the final value would depend on negotiations and market conditions.
Potential buyers may include international offshore operators seeking to establish or expand their presence in the U.S. Gulf. Domestic energy companies with existing regional operations could also participate, while other major energy producers may evaluate the opportunity.
A successful divestment would enable Chevron to further rationalize its portfolio and potentially redirect capital toward developments offering greater long-term growth prospects.
What the Asset Sale Could Mean for ChevronChevron's planned portfolio reshaping underscores its focus on improving the strategic composition of its U.S. Gulf operations rather than withdrawing from the region.
By potentially monetizing older producing fields while advancing newer offshore developments, the company could strengthen its ability to concentrate investment on projects supporting future production growth.
Nevertheless, the divestment initiative remains subject to buyer interest, valuation negotiations and transaction execution. Its ultimate financial and operational impact will depend on which assets are sold and the terms achieved.
For now, Chevron's efforts highlight a broader strategy of balancing portfolio optimization with continued investment in high-potential offshore resources.
CVX’s Zacks Rank & Other Key PicksChevron is one of the largest publicly traded oil and gas companies, with operations that span almost every corner of the globe. Currently, CVX flaunts a Zacks Rank #1 (Strong Buy).
Investors interested in the energy sector may consider some other top-ranked stocks like Canadian Natural Resources Limited (CNQ - Free Report) , Crescent Energy Company (CRGY - Free Report) and Delek US Holdings, Inc. (DK - Free Report) , each sporting a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Calgary-based Canadian Natural Resources is one of the largest independent energy companies in Canada engaged in the exploration, development and production of oil and natural gas. The Zacks Consensus Estimate for CNQ’s 2026 earnings indicates 61.4% year-over-year growth.
Crescent Energy is a U.S. onshore oil and gas producer focused on three major basins: the Eagle Ford in Texas, the Permian in Texas and New Mexico, and the Uinta in Utah. The Zacks Consensus Estimate for CRGY’s 2026 earnings indicates 46.7% year-over-year growth.
Brentwood, TN-based Delek US Holdings is an independent refiner, transporter and marketer of petroleum products. The Zacks Consensus Estimate for DK’s 2026 earnings indicates 169.4% year-over-year growth.
Key Takeaways Brent near $110 and U.S. oil around $100 reflect supply fears amid attacks and Middle East shipping risks.Recovering Saudi exports, high shipping costs and falling U.S. crude inventories complicate the oil outlook.CVX, CNQ and KMI offer dividend yields of 3.5%, 3.1% and 3.3%, respectively, backed by steady cash flows.
Energy stocks can appeal to investors who want regular income, especially when markets are unsettled. Attacks on Saudi energy facilities and threats to tankers in the Middle East have increased uncertainty about oil supplies, giving investors another reason to look closely at how companies earn cash and pay dividends.
Chevron (CVX - Free Report) , Canadian Natural Resources (CNQ - Free Report) and Kinder Morgan (KMI - Free Report) , are three dividend-paying energy stocks to buy. Their favorable ranks support the selection, while regular payouts add an income component to the investment case.
Oil Supplies Face Threats Despite Recovering ExportsBrent crude is around $110 a barrel, while U.S. crude is near $100. Attacks on Saudi energy facilities and ships near the Strait of Hormuz have raised fears of supply disruptions. Even if production continues, concerns that oil may not reach buyers can keep prices high.
Saudi oil exports have nevertheless recovered. They reached a five-month high in August despite lower production. Later shipping estimates suggested crude exports were nearing pre-war levels.
Delivering fuel remains a challenge. Restrictions on refined-fuel shipments and high shipping costs can squeeze refiners’ profits and raise costs for consumers. U.S. crude stockpiles also fell more than expected, adding to concerns about available supplies.
Why Look at Dividend Payers?Higher crude prices can help oil producers earn more, but they do not benefit every energy business equally. Expensive shipping and feedstock can raise costs elsewhere in the industry. That makes company cash flow a more useful starting point than a broad bet on oil.
For dividend investors, the question is whether a company can cover its payout after funding its operations and necessary investment. Borrowing to maintain distributions would offer less comfort than paying them from cash the business generates.
Kinder Morgan, Chevron and Canadian Natural Resources give investors different ways to approach energy income. Their ability to fund dividends after covering operating costs and investment needs matters most. Steady cash generation can help support those payments when energy prices weaken.
Keep the Focus on Cash FlowOil prices could stay high if attacks continue or shipping faces more disruptions. A recovery in exports or easing of the conflict could bring prices down. With both outcomes possible, investors should avoid relying on a single oil-price forecast.
Established dividend payers can offer a more balanced approach. Their size, financial resources and ability to generate cash from different operations can help them navigate commodity-market swings while continuing to return capital to investors.
Against this backdrop, Kinder Morgan, Chevron and Canadian Natural Resources offer three different ways to participate in the energy market while maintaining an income focus.
3 Dividend Energy Stocks to Invest InChevron: Chevron’s integrated business spans oil and gas exploration, production, refining and chemicals, providing multiple sources of cash flow across market cycles. Its broad geographic presence across the United States, the Asia-Pacific, Africa, the Middle East and South America, together with its scale and financial strength, supports free cash flow generation and continued shareholder returns.
Chevron has maintained or raised its dividend for 90 years, underscoring a long track record of resilience. Its 3.1% yield exceeds both the sector and the S&P 500’s 1% average. A steady near-term earnings outlook, disciplined capital spending and continued efficiency gains should support the Zacks Rank #1 (Strong Buy) company’s ability to sustain attractive shareholder payouts. You can see the complete list of today’s Zacks #1 Rank stocks here.
Canadian Natural Resources: Canadian Natural Resources owns a large portfolio of long-life, low-decline assets producing light and heavy oil, bitumen, synthetic crude and natural gas. Its operations across Western Canada, the North Sea and offshore West Africa provide geographic and product diversification, while disciplined spending and a consistent focus on shareholder returns strengthen its appeal to income-oriented investors.
The #1 Ranked company has increased its dividend for 26 consecutive years, supported by operational efficiency and consistent earnings performance. Its current quarterly dividend of 62.50 Canadian cents equates to a 3.3% yield, comfortably ahead of the Zacks Oil/Energy sector average of 2.5%. A strong balance sheet and efficient capital deployment reinforce the sustainability of its shareholder returns.
Kinder Morgan: Kinder Morgan operates one of North America’s largest energy infrastructure networks, with 78,000 miles of pipelines and extensive storage assets. Its take-or-pay contracts across natural gas, refined products, crude oil and terminals generate relatively stable, fee-based cash flows, reducing sensitivity to short-term commodity-price swings and offering more defensive energy exposure during volatile market conditions.
The Zacks Rank #2 (Buy) company expects a dividend increase in 2026, which would mark its ninth consecutive annual raise. Its current payout of 29.75 cents per quarter results in a 3.5% yield. With demand for natural gas and LNG infrastructure rising, Kinder Morgan’s asset base positions it well for continued cash flow durability.
Carnegie Investment Counsel cut its position in shares of Chevron Corporation (NYSE:CVX – Free Report) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 143,280 shares of the oil and gas company’s stock after selling 3,061 shares during the period. Carnegie Investment Counsel’s holdings in Chevron were worth $29,259,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the company. Midwest Capital Advisors LLC bought a new position in Chevron during the first quarter worth about $25,000. Main Street Group LTD acquired a new position in Chevron during the first quarter worth approximately $28,000. Kilter Group LLC acquired a new position in Chevron during the second quarter worth approximately $28,000. Principia Wealth Advisory LLC raised its stake in Chevron by 49.6% in the second quarter. Principia Wealth Advisory LLC now owns 181 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 60 shares during the period. Finally, Financial Connections Group Inc. lifted its position in shares of Chevron by 129.3% in the first quarter. Financial Connections Group Inc. now owns 211 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 119 shares during the last quarter. 72.42% of the stock is owned by institutional investors.
Insider Buying and Selling In other Chevron news, insider R. Pate sold 40,700 shares of Chevron stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $226.65, for a total value of $9,224,655.00. Following the completion of the transaction, the insider directly owned 8,791 shares of the company’s stock, valued at $1,992,480.15. The trade was a 82.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andrew Walz sold 16,800 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $201.06, for a total value of $3,377,808.00. Following the sale, the insider owned 14 shares of the company’s stock, valued at approximately $2,814.84. The trade was a 99.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,195,682 shares of company stock worth $235,619,780 in the last quarter. Insiders own 0.56% of the company’s stock.
Chevron News Roundup Here are the key news stories impacting Chevron this week: Positive Sentiment: Bank of America raised its Chevron price target to $252 from $227, signaling greater confidence in the company’s earnings and cash-flow outlook. Chevron price target raised to $252 from $227 at BofA Positive Sentiment: Chevron is reportedly selling older Gulf of Mexico assets to sharpen its focus on higher-priority U.S. Gulf operations. Asset sales could streamline the portfolio, improve capital efficiency and support cash flow, although proceeds and transaction terms remain important. Chevron to sharpen US Gulf focus with sale of older assets Positive Sentiment: Elevated oil prices, with Brent crude pushed above $110 by Iran-related supply concerns, have helped Chevron and other integrated oil companies reach 52-week highs by improving the potential value of production and cash generation. Chevron, ExxonMobil Stocks Hit 52-Week Highs Positive Sentiment: Investors are watching Chevron’s Venezuela investment for potential production growth toward roughly 600,000 barrels per day. If achieved, the project could add substantial revenue, while relatively low production costs may support long-term profitability. Chevron Is Pouring Billions Into Venezuela Neutral Sentiment: Chevron’s production update and upcoming earnings are drawing attention because investors will assess whether higher oil prices and recent operational changes are translating into stronger results. Why Is Chevron in Focus? Negative Sentiment: Director R. Pate sold 43,100 Chevron shares for approximately $9.8 million across two transactions. The trades were made under a pre-arranged Rule 10b5-1 plan, reducing their significance as a discretionary bearish signal, but the large reduction in ownership could still weigh modestly on sentiment. Chevron insider trading filing Chevron Stock Up 0.5% Shares of CVX opened at $226.81 on Thursday. Chevron Corporation has a 52 week low of $146.49 and a 52 week high of $228.48. The firm has a market cap of $448.13 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 0.62 and a beta of 0.53. The firm’s 50-day simple moving average is $209.37 and its 200 day simple moving average is $193.91. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25.
Chevron (NYSE:CVX – Get Free Report) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, beating the consensus estimate of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The firm had revenue of $67.20 billion for the quarter, compared to analysts’ expectations of $62.72 billion. During the same period in the prior year, the firm earned $1.77 EPS. The business’s revenue was up 57.4% on a year-over-year basis. On average, analysts forecast that Chevron Corporation will post 17.71 earnings per share for the current year.
Chevron Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were paid a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is 68.26%.
Analyst Ratings Changes Several research analysts have recently commented on CVX shares. Morgan Stanley lifted their target price on Chevron from $218.00 to $226.00 and gave the stock an “overweight” rating in a research note on Thursday, October 15th. Wall Street Zen raised Chevron from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Argus increased their price target on Chevron from $206.00 to $211.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. HSBC set a $90.00 price target on Chevron in a report on Friday, September 25th. Finally, Barclays cut their price target on Chevron from $216.00 to $208.00 and set an “equal weight” rating for the company in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $213.96.
Get Our Latest Report on Chevron
About Chevron (Free Report)
Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.
The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.
Read More Five stocks we like better than Chevron GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall? Intercepting Growth: Karman Secures $218M Lockheed Martin Deal Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Corporation (NYSE:CVX – Free Report).
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.
Focused Alpha LLC decreased its holdings in Chevron Corporation (NYSE:CVX – Free Report) by 36.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,337 shares of the oil and gas company’s stock after selling 3,111 shares during the period. Focused Alpha LLC’s holdings in Chevron were worth $1,090,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Chevron by 3.9% during the second quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company’s stock worth $28,016,651,000 after buying an additional 5,998,852 shares during the period. BlackRock Inc. bought a new position in Chevron in the 2nd quarter valued at $25,663,729,000. Bank of America Corp DE increased its stake in Chevron by 5.1% in the first quarter. Bank of America Corp DE now owns 27,630,227 shares of the oil and gas company’s stock worth $5,716,694,000 after purchasing an additional 1,334,976 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Chevron during the second quarter worth $2,378,114,000. Finally, Amundi increased its stake in Chevron by 14.1% in the 2nd quarter. Amundi now owns 13,900,271 shares of the oil and gas company’s stock worth $2,304,109,000 after buying an additional 1,714,835 shares during the period. 72.42% of the stock is owned by institutional investors.
Key Headlines Impacting Chevron Here are the key news stories impacting Chevron this week:
Positive Sentiment: Brent crude rose above $110 per barrel and reached a five-month high as renewed U.S.-Israel tensions with Iran increased fears of Middle East supply disruptions. Higher oil prices typically support Chevron’s upstream revenue and cash flow. Chevron, ExxonMobil Stocks Hit 52-Week Highs Positive Sentiment: Chevron’s possible expansion in Venezuela could eventually lift production to roughly 600,000 barrels per day, more than doubling current output. The country’s low production costs could create significant long-term profit potential, although execution and political conditions remain important. Chevron Is Pouring Billions Into Venezuela Positive Sentiment: Analysts have raised Chevron earnings estimates, citing higher oil prices, Permian production growth, lower development costs and disciplined capital spending. Bakken changes and portfolio adjustments are also being viewed as ways to improve efficiency and cash flow. Earnings Estimates Moving Higher for Chevron Positive Sentiment: Chevron continues to receive favorable investor attention, including a bullish Goldman Sachs view and increased holdings by prominent investors. Articles also highlight potential benefits from Venezuela and Greece-related deals, spare refining capacity and possible Iraqi oil opportunities. Chevron Stock Nears a 52-Week High Analyst Ratings Changes Several research analysts have commented on the company. Mizuho set a $234.00 price objective on Chevron in a report on Monday, October 12th. Bank of America upped their price objective on Chevron from $210.00 to $227.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. TD Cowen increased their price target on shares of Chevron from $215.00 to $225.00 and gave the company a “hold” rating in a research report on Monday, October 12th. Piper Sandler upped their price target on Chevron from $207.00 to $243.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Finally, Barclays reduced their target price on Chevron from $216.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $213.96. View Our Latest Stock Analysis on CVX
Chevron Trading Up 0.6% CVX stock opened at $225.67 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. Chevron Corporation has a 52-week low of $146.49 and a 52-week high of $227.28. The company’s 50-day simple moving average is $208.76 and its 200-day simple moving average is $193.71. The firm has a market cap of $445.87 billion, a P/E ratio of 20.70, a PEG ratio of 0.61 and a beta of 0.53.
Chevron (NYSE:CVX – Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.55 by $0.51. The company had revenue of $67.20 billion during the quarter, compared to analyst estimates of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%. Chevron’s quarterly revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.77 EPS. As a group, equities analysts forecast that Chevron Corporation will post 17.71 EPS for the current fiscal year.
Chevron Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were given a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.2%. The ex-dividend date was Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is presently 68.26%.
Insiders Place Their Bets In other Chevron news, Director John Hess sold 710,665 shares of Chevron stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $194.10, for a total value of $137,940,076.50. Following the sale, the director owned 363,711 shares in the company, valued at $70,596,305.10. The trade was a 66.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider R. Pate sold 2,470 shares of Chevron stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total transaction of $506,621.70. Following the completion of the sale, the insider owned 10,794 shares of the company’s stock, valued at $2,213,957.34. This trade represents a 18.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,152,582 shares of company stock valued at $225,853,661. Insiders own 0.56% of the company’s stock.
Chevron Company Profile (Free Report)
Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.
The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.
Featured Stories Five stocks we like better than Chevron Aurora Rejects Curaleaf’s Higher Bid, But the Takeover Fight Isn’t Over Centrus Energy Is Building a Nuclear Fuel Powerhouse—Why Is Its Stock Struggling? Halliburton Gains Traction: Multiyear Upcycle Ahead Meta Platforms’ AI Comeback Faces an Earnings Test—And a $10 Billion Charge
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.
Swapping a high-yield ETF for a dividend-growth fund sounds like a smart retirement move until you see what it does to a monthly paycheck built around a seven-figure portfolio.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
To generate about $8,750 a month in dividend income, or $105,000 a year, a 67-year-old retiree would need roughly a $1.32 million portfolio. This amount would cover a comfortable retirement, with room for travel and healthcare. In this scenario, he moves the entire portfolio out of the JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ) and into the Schwab U.S. Dividend Equity ETF (NYSEARCA:SCHD). The swap sharply cuts his income, and the capital needed to fund $105,000 varies widely by yield.
His Paycheck Shrank by Almost Two-Thirds
One of the more popular dividend-income ETFs, JEPQ paid $6.88 per share over the trailing 12 months on a share price near $60. That works out to a yield of about 11.6%. On $1.32 million, that produces roughly $152,000 a year, well above his target. That means he needed only about 8% to cover his bills.
On the other hand, SCHD paid $1.05 per share on shares around $34, a yield of about 3.1%. His $1.32 million now generates about $40,600 a year, or roughly $3,380 a month. That leaves a $64,410 gap he must fill with Social Security or by selling about 5% of the portfolio each year.
Why Anyone Would Accept a Smaller Check
For its part, JEPQ’s monthly payout has risen from $0.45 to $0.70 per share over the past year, a 58% increase. Income from its equity-linked notes is generally taxed as ordinary income. For 2026, single filers pay 24% on income above $105,700. SCHD’s payouts come from companies like Coca-Cola (NYSE:KO | KO Price Prediction), Chevron (NYSE:CVX) and Procter & Gamble (NYSE:PG), and those dividends typically qualify for lower tax rates.
Don’t forget that the principal growth matters too. SCHD’s adjusted price rose 32% over the past year, while JEPQ gained 17%, so consider this over the long term.
What $105,000 a Year Costs at Each Yield
Conservative Tier (3% to 4%)
If this individual wants to stick with conservative investing, they should invest $105,000 divided by 0.035, or $3,000,000. At SCHD’s current 3.1% yield, the figure rises to about $3.39 million. Dividend growth funds and broad-market equity funds live here. The portfolio stays diversified, payouts can rise over time, and principal has the best chance of growing. The catch: you need the most capital upfront.
Moderate Tier (5% to 7%)
At a more moderate investment level, $105,000 divided by 0.06 equals $1,750,000. Preferred shares, REITs, high-dividend equity funds, and S&P 500 covered-call funds (which sell options on their holdings to generate income) typically yield in this range. Dividend growth slows down, or stalls, and income tends to lag inflation over decades. His $1.32 million still falls short.
Aggressive Tier (8% to 14%)
Reaching an aggressive investment level requires accepting a certain level of risk, as you divide $105,000 by 0.10 to get $1,050,000. JEPQ sits alongside business development companies, mortgage real estate investment trusts, and funds that hold high-yield bonds. Distributions can be cut, covered calls cap upside, and principal can shrink even while the checks keep arriving.
Growth Math That Closes the Gap
Suppose SCHD’s payout grows 8% a year. His $40,600 in income would reach about $81,100 in 9 years without adding a dollar. JEPQ’s payout tracks option premiums and market volatility, so it has no built-in growth path.
Treat that 8% as an assumption to test, as SCHD’s trailing distributions grew only about 2% versus the prior four quarters. A retiree who switches now gives up certain income today in exchange for growth he has to wait for.
Three Moves Before Making the Same Swap
Size the gap after Social Security. Subtract guaranteed income from your $105,000 target first. If benefits cover $40,000, a 3.1% portfolio comes much closer to funding the rest.
Blend rather than switching everything at once. Some retirees keep enough high-yield income to cover the shortfall for the next five years, then let the dividend-growth position compound until its payout catches up.
Match each fund to the right account. Ordinary-income payers like JEPQ often fit best in an IRA, while qualified-dividend payers like SCHD fit best in a taxable account. SCHD pays quarterly, so keep a cash reserve to smooth out your monthly bills.
Contact [email protected] for any questions or corrections.
Chevron (CVX +0.60%) is preparing to invest more than $7 billion in Venezuela over the next five years, expanding its presence in a country with some of the world's largest oil reserves. In fact, the company recently secured improved commercial and legal terms for its Venezuelan joint ventures, along with additional drilling acreage in the country's oil-rich Orinoco Belt. But the number you should watch isn't the $7 billion investment. It's 600,000 barrels per day. That's Chevron's production target for Venezuela, representing more than double its 2026 output.
Image source: Getty Images.
Why production growth is the key
Chevron's three Venezuelan joint ventures produced about 280,000 barrels of oil per day in the second quarter of 2026, up 15% from the previous six months. So reaching 600,000 barrels per day would add roughly 320,000 barrels of daily production.
At an illustrative oil price of $70 per barrel, that additional output would represent approximately $8.2 billion in annual gross oil sales before accounting for operating costs, government payments, and Chevron's ownership stakes in the joint ventures. That's not trivial.
Chevron also expects total production costs to remain below $20 per barrel, potentially leaving substantial room for profits if oil prices remain favorable. Of course, Venezuela carries significant political and regulatory risks. Years of underinvestment have also left much of the country's oil infrastructure in need of repair. That can't be ignored.
CVX Chevron$225.71+$1.34 (+0.60%)
NYSE · As of 4:00 PM ET 10/20/26
A strategic advantage
Chevron has operated in Venezuela for more than a century and already has producing assets, infrastructure, and established partnerships. That said, the company's investment case extends well beyond Venezuela, with major operations in the United States and other international markets.
On a global scale, Chevron already produces more than 4 million barrels of oil equivalent per day. The additional 320,000 barrels per day targeted in Venezuela would represent roughly 8% of that total, although Chevron's actual share would be smaller because it doesn't fully own the joint ventures. So while Venezuela isn't likely to make or break Chevron, it could still become a meaningful source of additional cash flow, particularly if production costs remain below $20 per barrel. And that does make Venezuela relevant.
Jeff Siegel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Chevron. The Motley Fool has a disclosure policy.
Companies make mistakes all the time. Sometimes, those mistakes are bad enough that a stock isn't worth owning. That was my thinking about Shell (SHEL +0.04%) after it cut its dividend in 2020. Today, however, roughly six years after that event, I think the company has proven that it has gotten back on track. And I'm putting Shell back on the list of integrated energy majors that I believe are worth considering.
TotalEnergies: The energy major I own
TotalEnergies (TTE -0.06%), BP (BP -1.20%), and Shell all made the same basic announcement in 2020. These integrated energy companies were going to begin focusing more on building clean-energy businesses. However, there was a huge difference in how Shell and BP proceeded compared to TotalEnergies. Both Shell and BP cut their dividends, while TotalEnergies made it clear that it was committed to maintaining and growing its dividend over time.
Image source: Getty Images.
It seems like a long time ago now, but 2020 was the height of the coronavirus pandemic. Oil prices plunged as governments around the world shut their economies down in the hope of slowing the spread of COVID. Shell and BP cutting their dividends made some sense. However, TotalEnergies, ExxonMobil (XOM -1.48%), and Chevron (CVX -0.72%) all maintained or continued growing their dividends, so I simply removed BP and Shell from the list of energy giants I'd be willing to own.
To be fair, both companies have begun increasing their dividends again. However, both companies have also walked back their commitment to clean energy. That was a second strike, and it kept both off my list for years. TotalEnergies, by comparison, has continued to invest in clean energy, which now makes up around 8% of the company's adjusted net operating income in the first half of 2026. That's down from last year, but only because of higher oil prices, which boosted the company's upstream business, and improved profitability in the refining sector. The company's commitment to its dividend and its diversification into the clean energy sector are why I own it.
TTE TotalEnergies Se$89.90-$0.05 (-0.06%)
NYSE · As of 11:25 AM ET 10/20/26
Shell has worked its way back onto my list
Since the dividend cut, Shell has dramatically reduced its leverage. Shell has also been focusing on the increasingly important natural gas segment of the energy sector. Natural gas is being used as a transition fuel as the world shifts toward clean energy. Liquefied natural gas (LNG) is a key part of the story. The company's most recent move was to double the export capacity of a large Canadian LNG export facility.
SHEL Shell Plc$104.87+$0.05 (+0.04%)
NYSE · As of 11:26 AM ET 10/20/26
This decision, made with the company's partners in the LNG facility, is timely. Countries are reconsidering energy security amid the geopolitical conflict in the Middle East. Canada is an economically and politically stable country, which will likely make it an attractive source of LNG for other Western countries. It is a good move, and given the reduced leverage and the stock's well-above-market 2.9% dividend yield, I think it is time I took it out of the penalty box. BP, by comparison, continues to have leverage issues and is still not worth owning, in my opinion.
Back on the list, but not at the top of it
I'm not switching out of TotalEnergies anytime soon because I still like its diversification into the clean energy sector. In fact, it is unique among the integrated energy majors. And if I had to pick one of the others, I'd probably go with Chevron because it has a more attractive 3.1% dividend yield and a stronger dividend history(38 consecutive annual dividend increases) than Shell.
However, Shell might be worth considering over Exxon, which has a 2.3% yield, but only for those willing to overlook the 2020 dividend cut (Exxon's dividend has been increased annually for 43 years). Still, the big change for me is that Shell is back on my list of integrated energy stocks to consider owning.
Richards Merrill and Peterson Inc. lowered its position in Chevron Corporation (NYSE: CVX) by 8.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,602 shares of the oil and gas company's stock after selling 2,647 shares during the period. Chevron accounts for 1.6%
Greg Jennings LLC bought a new position in Chevron Corporation (NYSE: CVX) during the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,433 shares of the oil and gas company's stock, valued at approximately $1,314,000. Chevron comprises approximately 0.9% of
On Oct. 14, Chevron (CVX -0.05%) touched an all-time high closing price of $222.04. As I write this, it's trading at just about a dollar below that. The stock has had a banner 2026, climbing 45% and massively outperforming the broader market.
CVX Chevron$224.87-$0.12 (-0.05%)
NYSE · As of 3:40 PM ET 10/19/26
So, the question for investors right now is: Is that impressive price gain just due to elevated oil prices, which are bound to come back down eventually? Or is the stock a buy for the long term?
Well, it's certainly true that oil prices are elevated. The current price for a barrel of Brent crude, the international benchmark, is just under $106. That's 46% higher than before the war in the Persian Gulf began. When oil prices rise, revenue and profits for oil majors rise in tandem, and share prices follow.
But Chevron has more going for it than just war-related increases in crude prices. It is extremely well-positioned to benefit from President Donald Trump's deal with Venezuela that gives the U.S. control of more than 65 billion barrels of that country's proven reserves. Chevron appears to be intricately involved with the plan, as it was the only American oil major to retain operations in Venezuela after the Bolivarian revolution of 1999.
Image source: Getty Images.
The company is also expanding its presence in the Mediterranean Sea, with new agreements to begin seismic research in waters off Greece later this year. The expansion into Greek waters bolsters Chevron's strategy to expand in the Eastern Mediterranean and build on operations in Israel, Egypt, and Cyprus. The region is a significant and growing source of natural gas.
A global refining shortage will benefit Chevron There's also the global shortage of refining capacity, which is expected to outlast the conflict with Iran. The shortage is a big positive for Chevron, which has the capacity to refine the heavy, sour crude produced by Venezuela. Chevron CEO Mike Wirth said in January that the company can process an additional 100,000 barrels per day of Venezuelan crude at its Pascagoula, Mississippi refinery.
Chevron reported net income of $12.1 billion for the second quarter, nearly 400% higher than the year-ago quarter, on record U.S. production and 20% growth in global production. This was its highest quarterly profit in the last six years. It beat Wall Street's earnings estimates by $0.50 a share, at $6.06.
Chevron will report its third-quarter results on Oct. 30, and I expect similarly positive figures. As a result of all this recent good news, and more expected, I believe this stock is a buy, even after hitting a record high.
Wall Street agrees. Of the 25 Wall Street analysts who cover the stock (as recorded by Yahoo! Finance), 20 rate it a "Buy" or "Strong Buy."
Chevron (CVX -0.15%) and ExxonMobil (XOM -0.23%) are two of the world's largest integrated energy companies. They both own upstream exploration and extraction businesses, midstream pipelines, and downstream refineries.
Over the past 12 months, Chevron's stock has rallied 45% while ExxonMobil's stock has risen 58%. Both stocks benefited from rising oil prices, but which stock is the better buy right now?
Image source: Getty Images.
The differences between Chevron and ExxonMobil Chevron is smaller than ExxonMobil, but both companies generate most of their revenue from their upstream businesses. However, Chevron generates more of its profits (about 80%) from its upstream business than ExxonMobil (about 70%).
That's because ExxonMobil operates a larger downstream business -- which acts as a secondary profit engine -- than Chevron. ExxonMobil's downstream business produces a lot of petrochemicals, while Chevron's downstream business has minimal exposure to that market.
$224.65-$0.34 (-0.15%)
NYSE · As of 3:34 PM ET 10/19/26
When crude oil prices rise, upstream businesses typically grow their revenues faster than their expenses. However, downstream businesses often struggle as their input costs rise. When crude oil prices decline, upstream businesses struggle, but downstream businesses fare better -- as long as the crack spread (between crude oil costs and retail fuel prices) remains stable.
Therefore, Chevron's streamlined, upstream-heavy business model makes it a more attractive investment than ExxonMobil when oil prices spike. But when oil prices pull back, ExxonMobil's scale and downstream diversification could make it a more compelling investment.
XOM ExxonMobil$178.57-$0.42 (-0.23%)
NYSE · As of 3:37 PM ET 10/19/26
However, the price of Brent crude oil -- currently at $110 per barrel -- remains far above ExxonMobil's breakeven price (for covering capex and dividends) of $35 per barrel and Chevron's breakeven price of $50 per barrel. Both companies plan to increase their oil and gas production by about 3% annually through the end of the decade.
Chevron pays a forward yield of 3.2%, while ExxonMobil pays a lower forward yield of 2.3%. Chevron has raised its dividend annually for 39 consecutive years, while ExxonMobil has maintained that streak for 43 years. If they reach 50 years, they'll become Dividend Kings.
Both companies have plenty of room to raise their dividends. Over the past 12 months, Chevron and ExxonMobil had payout ratios of 67% and 53%, respectively.
What will happen over the next few years? In 2025, Chevron's EPS dropped 32% as crude oil prices declined, its refining margins shrank, and it finalized its acquisition of Hess Corporation. But from 2025 to 2028, analysts expect its EPS to grow at a 26% CAGR as it expands in Guyana (one of the world's fastest-growing oil regions) by integrating Hess' assets; produces more oil in the Permian Basin and Kazakhstan, and accelerates its deepwater projects. Yet its stock still trades at 15 times next year's earnings.
In 2025, ExxonMobil's EPS dipped 15% as it faced some of the same headwinds as Chevron and divested its weaker assets. But from 2025 to 2028, analysts expect its EPS to grow at a 20% CAGR as it integrates its recent acquisition of Pioneer Natural Resources (which expanded its reach in the Permian Basin), increases its production in Guyana, and prioritizes the production of higher-margin chemical performance products and specialized fuels at its downstream business. Its stock also trades at 15 times next year's earnings.
Which oil stock is the better buy? Chevron and ExxonMobil both look fundamentally cheap because they're valued as cyclical commodity stocks rather than higher-growth energy plays. However, they're both still solid long-term investments for investors who can stomach the short-term fluctuations in oil prices.
But if I could only pick one, I'd choose Chevron over ExxonMobil for three simple reasons: it has more exposure to rising oil prices, it's growing faster, and it pays a higher dividend. ExxonMobil is a fine all-weather stock, but its larger size and lower dividend make it a bit less attractive.
Chevron (CVX - Free Report) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.
The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this oil company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For Chevron, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year.
The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:
12 Month EPS
Current-Quarter Estimate RevisionsThe earnings estimate of $4.74 per share for the current quarter represents a change of +156.2% from the number reported a year ago.
Over the last 30 days, the Zacks Consensus Estimate for Chevron has increased 24.91% because one estimate has moved higher while four have gone lower.
Current-Year Estimate RevisionsFor the full year, the earnings estimate of $17.71 per share represents a change of +142.9% from the year-ago number.
There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, six estimates have moved up for Chevron versus one negative revision. This has pushed the consensus estimate 7.32% higher.
Favorable Zacks RankThe promising estimate revisions have helped Chevron earn a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom LineInvestors have been betting on Chevron because of its solid estimate revisions, as evident from the stock's 7.4% gain over the past four weeks. As its earnings growth prospects might push the stock higher, you may consider adding it to your portfolio right away.
Frank Rimerman Advisors LLC raised its position in shares of Chevron Corporation (NYSE:CVX – Free Report) by 8.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,053 shares of the oil and gas company’s stock after purchasing an additional 2,759 shares during the period. Frank Rimerman Advisors LLC’s holdings in Chevron were worth $7,731,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CVX. State Street Corp boosted its stake in shares of Chevron by 3.9% in the 2nd quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company’s stock valued at $28,016,651,000 after purchasing an additional 5,998,852 shares in the last quarter. BlackRock Inc. acquired a new position in Chevron during the 2nd quarter worth approximately $25,663,729,000. Bank of America Corp DE increased its position in Chevron by 5.1% during the 1st quarter. Bank of America Corp DE now owns 27,630,227 shares of the oil and gas company’s stock worth $5,716,694,000 after purchasing an additional 1,334,976 shares in the last quarter. Amundi increased its position in Chevron by 3.0% during the 1st quarter. Amundi now owns 12,185,436 shares of the oil and gas company’s stock worth $2,521,166,000 after purchasing an additional 349,416 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Chevron in the 2nd quarter valued at approximately $2,378,114,000. Institutional investors own 72.42% of the company’s stock.
Analyst Ratings Changes A number of analysts have weighed in on CVX shares. Morgan Stanley boosted their target price on shares of Chevron from $218.00 to $226.00 and gave the stock an “overweight” rating in a research note on Thursday. HSBC set a $90.00 price target on Chevron in a research note on Friday, September 25th. Argus raised their price objective on Chevron from $206.00 to $211.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. TD Cowen raised their price objective on Chevron from $215.00 to $225.00 and gave the company a “hold” rating in a report on Monday, October 12th. Finally, Royal Bank Of Canada boosted their price objective on Chevron from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Chevron presently has a consensus rating of “Moderate Buy” and an average price target of $213.42.
Check Out Our Latest Stock Analysis on CVX Chevron Price Performance Shares of NYSE:CVX opened at $225.00 on Monday. The firm has a market cap of $444.55 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 0.61 and a beta of 0.53. The firm’s fifty day moving average is $207.58 and its 200-day moving average is $193.39. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. Chevron Corporation has a 52 week low of $146.49 and a 52 week high of $225.31.
Chevron (NYSE:CVX – Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. The business had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%. Chevron’s quarterly revenue was up 57.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.77 earnings per share. Sell-side analysts predict that Chevron Corporation will post 17.71 earnings per share for the current year.
Chevron Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were given a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Wednesday, August 19th. Chevron’s payout ratio is 68.26%.
Chevron News Roundup Here are the key news stories impacting Chevron this week:
Positive Sentiment: Morgan Stanley raised its Chevron price target to $226 from $218 and assigned an “overweight” rating, while Wells Fargo reportedly initiated or reiterated a “buy” recommendation. These upgrades reinforce bullish sentiment, although Morgan Stanley’s revised target implies limited additional upside from current levels. Morgan Stanley raises Chevron price target Positive Sentiment: Chevron was selected as a relative-strength stock by Zacks, reflecting strong recent price performance and improving earnings estimates. The company is also receiving attention as a long-term and dividend-oriented investment, which may attract additional income-focused investors. Zacks relative strength stock picks Positive Sentiment: Wall Street expects a sharp year-over-year increase in Chevron’s third-quarter earnings, with results due by the end of October. Anticipation of stronger profits is helping sustain interest ahead of the report. Chevron earnings expectations Neutral Sentiment: Diamond Hill Capital highlighted Chevron in its third-quarter investor letter after its large-cap strategy outperformed the Russell 1000 Value Index. The item indicates institutional interest but does not represent a new company announcement or change in fundamentals. Diamond Hill Chevron investment discussion Negative Sentiment: CEO Mike Wirth warned that commercial inventories, emergency reserves and previously sanctioned oil supplies have been depleted following the Iran-related shock. While tighter supply could support crude prices and Chevron’s upstream revenue, it also raises geopolitical, refining and diesel-price risks. Chevron CEO warns oil buffers are depleted Insider Buying and Selling In other news, Director John Hess sold 100,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.26, for a total value of $19,426,000.00. Following the completion of the sale, the director owned 178,045 shares of the company’s stock, valued at approximately $34,587,021.70. This represents a 35.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael Wirth sold 317,100 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $200.46, for a total value of $63,565,866.00. Following the transaction, the chief executive officer owned 26,308 shares of the company’s stock, valued at $5,273,701.68. This trade represents a 92.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,152,582 shares of company stock worth $225,853,661. Corporate insiders own 0.56% of the company’s stock.
About Chevron (Free Report)
Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.
The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.
Featured Articles Five stocks we like better than Chevron These 3 Green Stocks Have a Growth Story That Goes Far Beyond Washington Meta Claims Frontier-Class AI Status With New Muse Wonder Models Berkshire Just Backed This Little-Known Stock—Should You Chase It? Broadcom’s CEO Sees Years of AI Demand But Warns of a Bigger Threat to the Boom Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Corporation (NYSE:CVX – Free Report).
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.
Robertson Stephens Wealth Management LLC cut its stake in Chevron Corporation (NYSE:CVX – Free Report) by 12.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,328 shares of the oil and gas company’s stock after selling 2,624 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Chevron were worth $3,947,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in Chevron in the second quarter valued at about $25,663,729,000. Bank of New York Mellon Corp purchased a new stake in shares of Chevron during the 2nd quarter worth about $2,378,114,000. Legal & General Group Plc purchased a new stake in shares of Chevron during the 2nd quarter worth about $1,462,412,000. Deutsche Bank AG acquired a new stake in shares of Chevron during the 2nd quarter valued at about $1,189,577,000. Finally, State Street Corp lifted its holdings in shares of Chevron by 3.9% during the 2nd quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company’s stock valued at $28,016,651,000 after buying an additional 5,998,852 shares during the last quarter. 72.42% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling In other Chevron news, Director John Hess sold 710,665 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the transaction, the director owned 363,711 shares in the company, valued at $70,596,305.10. This trade represents a 66.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael Wirth sold 317,100 shares of Chevron stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the completion of the transaction, the chief executive officer directly owned 26,308 shares in the company, valued at approximately $5,273,701.68. This represents a 92.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,152,582 shares of company stock worth $225,853,661. 0.56% of the stock is currently owned by company insiders.
Trending Headlines about Chevron Here are the key news stories impacting Chevron this week: Positive Sentiment: Morgan Stanley raised its Chevron price target to $226 from $218 and assigned an “overweight” rating, while Wells Fargo reportedly initiated or reiterated a “buy” recommendation. These upgrades reinforce bullish sentiment, although Morgan Stanley’s revised target implies limited additional upside from current levels. Morgan Stanley raises Chevron price target Positive Sentiment: Chevron was selected as a relative-strength stock by Zacks, reflecting strong recent price performance and improving earnings estimates. The company is also receiving attention as a long-term and dividend-oriented investment, which may attract additional income-focused investors. Zacks relative strength stock picks Positive Sentiment: Wall Street expects a sharp year-over-year increase in Chevron’s third-quarter earnings, with results due by the end of October. Anticipation of stronger profits is helping sustain interest ahead of the report. Chevron earnings expectations Neutral Sentiment: Diamond Hill Capital highlighted Chevron in its third-quarter investor letter after its large-cap strategy outperformed the Russell 1000 Value Index. The item indicates institutional interest but does not represent a new company announcement or change in fundamentals. Diamond Hill Chevron investment discussion Negative Sentiment: CEO Mike Wirth warned that commercial inventories, emergency reserves and previously sanctioned oil supplies have been depleted following the Iran-related shock. While tighter supply could support crude prices and Chevron’s upstream revenue, it also raises geopolitical, refining and diesel-price risks. Chevron CEO warns oil buffers are depleted Chevron Price Performance Shares of NYSE:CVX opened at $225.00 on Monday. Chevron Corporation has a fifty-two week low of $146.49 and a fifty-two week high of $225.31. The business has a 50-day moving average of $207.58 and a two-hundred day moving average of $193.39. The stock has a market capitalization of $444.55 billion, a P/E ratio of 21.57, a P/E/G ratio of 0.61 and a beta of 0.53. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98.
Chevron (NYSE:CVX – Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The business had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. During the same period last year, the business earned $1.77 EPS. The firm’s revenue was up 57.4% compared to the same quarter last year. On average, equities research analysts predict that Chevron Corporation will post 17.71 EPS for the current fiscal year.
Chevron Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were given a dividend of $1.78 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a yield of 3.2%. Chevron’s dividend payout ratio is presently 68.26%.
Analyst Ratings Changes Several equities research analysts recently commented on CVX shares. Argus boosted their price target on Chevron from $206.00 to $211.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Wolfe Research raised shares of Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price objective on the stock in a research report on Thursday, July 2nd. Raymond James Financial cut their price objective on shares of Chevron from $230.00 to $225.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 21st. Barclays reduced their target price on shares of Chevron from $216.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, August 17th. Finally, Weiss Ratings raised shares of Chevron from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $213.42.
Read Our Latest Report on CVX
Chevron Profile (Free Report)
Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.
The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.
Further Reading Five stocks we like better than Chevron These 3 Green Stocks Have a Growth Story That Goes Far Beyond Washington Meta Claims Frontier-Class AI Status With New Muse Wonder Models Berkshire Just Backed This Little-Known Stock—Should You Chase It? Broadcom’s CEO Sees Years of AI Demand But Warns of a Bigger Threat to the Boom
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.
Encompass More Asset Management lifted its position in Chevron Corporation (NYSE:CVX – Free Report) by 439.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,981 shares of the oil and gas company’s stock after buying an additional 8,131 shares during the period. Encompass More Asset Management’s holdings in Chevron were worth $2,038,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of CVX. State Street Corp grew its holdings in Chevron by 3.9% during the second quarter. State Street Corp now owns 159,136,768 shares of the oil and gas company’s stock worth $28,016,651,000 after acquiring an additional 5,998,852 shares during the period. BlackRock Inc. bought a new stake in Chevron in the second quarter worth about $25,663,729,000. Bank of America Corp DE raised its position in Chevron by 5.1% in the first quarter. Bank of America Corp DE now owns 27,630,227 shares of the oil and gas company’s stock worth $5,716,694,000 after acquiring an additional 1,334,976 shares in the last quarter. Amundi lifted its holdings in Chevron by 3.0% in the 1st quarter. Amundi now owns 12,185,436 shares of the oil and gas company’s stock valued at $2,521,166,000 after acquiring an additional 349,416 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Chevron in the 2nd quarter valued at about $2,378,114,000. Institutional investors and hedge funds own 72.42% of the company’s stock.
Chevron Trading Up 0.0% Shares of NYSE CVX opened at $225.00 on Monday. Chevron Corporation has a 12 month low of $146.49 and a 12 month high of $225.31. The company has a market cap of $444.55 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 0.61 and a beta of 0.53. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $207.58 and a 200-day simple moving average of $193.39.
Chevron (NYSE:CVX – Get Free Report) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. The business had revenue of $67.20 billion during the quarter, compared to analyst estimates of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%. Chevron’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same quarter last year, the company posted $1.77 EPS. Sell-side analysts predict that Chevron Corporation will post 17.71 EPS for the current year. Chevron Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were paid a dividend of $1.78 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a yield of 3.2%. Chevron’s dividend payout ratio is currently 68.26%.
Insider Activity In other news, insider R. Pate sold 2,470 shares of Chevron stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total value of $506,621.70. Following the transaction, the insider directly owned 10,794 shares of the company’s stock, valued at $2,213,957.34. This trade represents a 18.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Andrew Walz sold 16,800 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the sale, the insider owned 14 shares in the company, valued at $2,814.84. This represents a 99.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,152,582 shares of company stock valued at $225,853,661 over the last ninety days. Corporate insiders own 0.56% of the company’s stock.
Key Headlines Impacting Chevron Here are the key news stories impacting Chevron this week:
Positive Sentiment: Morgan Stanley raised its Chevron price target to $226 from $218 and assigned an “overweight” rating, while Wells Fargo reportedly initiated or reiterated a “buy” recommendation. These upgrades reinforce bullish sentiment, although Morgan Stanley’s revised target implies limited additional upside from current levels. Morgan Stanley raises Chevron price target Positive Sentiment: Chevron was selected as a relative-strength stock by Zacks, reflecting strong recent price performance and improving earnings estimates. The company is also receiving attention as a long-term and dividend-oriented investment, which may attract additional income-focused investors. Zacks relative strength stock picks Positive Sentiment: Wall Street expects a sharp year-over-year increase in Chevron’s third-quarter earnings, with results due by the end of October. Anticipation of stronger profits is helping sustain interest ahead of the report. Chevron earnings expectations Neutral Sentiment: Diamond Hill Capital highlighted Chevron in its third-quarter investor letter after its large-cap strategy outperformed the Russell 1000 Value Index. The item indicates institutional interest but does not represent a new company announcement or change in fundamentals. Diamond Hill Chevron investment discussion Negative Sentiment: CEO Mike Wirth warned that commercial inventories, emergency reserves and previously sanctioned oil supplies have been depleted following the Iran-related shock. While tighter supply could support crude prices and Chevron’s upstream revenue, it also raises geopolitical, refining and diesel-price risks. Chevron CEO warns oil buffers are depleted Wall Street Analyst Weigh In CVX has been the subject of several research reports. TD Cowen raised their price objective on shares of Chevron from $215.00 to $225.00 and gave the company a “hold” rating in a research report on Monday, October 12th. Wolfe Research raised shares of Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price objective on the stock in a research note on Thursday, July 2nd. Zacks Research upgraded shares of Chevron from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Dbs Bank raised shares of Chevron to a “moderate buy” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Chevron from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chevron currently has an average rating of “Moderate Buy” and an average target price of $213.42.
View Our Latest Stock Analysis on CVX
Chevron Profile (Free Report)
Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.
The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.
See Also Five stocks we like better than Chevron These 3 Green Stocks Have a Growth Story That Goes Far Beyond Washington Meta Claims Frontier-Class AI Status With New Muse Wonder Models Berkshire Just Backed This Little-Known Stock—Should You Chase It? Broadcom’s CEO Sees Years of AI Demand But Warns of a Bigger Threat to the Boom
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Let's take a look at what these Wall Street heavyweights have to say about Chevron (CVX - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Chevron currently has an average brokerage recommendation (ABR) of 1.54, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 28 brokerage firms. An ABR of 1.54 approximates between Strong Buy and Buy.
Of the 28 recommendations that derive the current ABR, 20 are Strong Buy and three are Buy. Strong Buy and Buy respectively account for 71.4% and 10.7% of all recommendations.
Brokerage Recommendation Trends for CVX
Check price target & stock forecast for Chevron here>>>
The ABR suggests buying Chevron, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABRIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Is CVX a Good Investment?In terms of earnings estimate revisions for Chevron, the Zacks Consensus Estimate for the current year has increased 7.3% over the past month to $17.71.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Chevron. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for Chevron may serve as a useful guide for investors.
Key Takeaways TotalEnergies pairs Namibian exploration with Angola's Acacia-5 project, targeting 6,000 barrels per day.Chevron evaluates an Angolan discovery tie-back and prepares to drill a new exploration well in Namibia.Eni advances Angolan production, while Shell expands its Bonga stake and develops a new deep-water project.
Africa’s offshore oil industry is attracting renewed attention from global energy giants as discoveries in Namibia and development projects in Angola and Nigeria create opportunities for production growth. Yet finding oil is only the first step. Companies must determine whether resources can be recovered commercially, develop the necessary infrastructure and control costs before discoveries can generate meaningful cash flow.
This distinction is creating different opportunities for investors. While Namibia offers exploration potential, established offshore facilities in Angola and Nigeria could help accelerate production from new developments. French energy giant TotalEnergies SE (TTE - Free Report) , U.S. oil major Chevron Corporation (CVX - Free Report) , Italian energy group Eni (E - Free Report) and British energy giant Shell plc (SHEL - Free Report) are pursuing different strategies to capitalize on the region’s offshore resources.
Africa’s Offshore Oil Industry Moves Beyond DiscoveriesNamibia has emerged as a prominent exploration frontier following discoveries such as Mopane and Venus. Angola, meanwhile, offers opportunities to develop resources around existing production facilities, while Nigeria remains an important market for deep-water oil projects.
For energy companies, connecting discoveries to existing floating production, storage and offloading (“FPSO”) vessels can reduce the need for entirely new production systems. However, appraisal drilling, development costs, regulatory approvals and crude prices will influence whether individual projects deliver attractive returns. Against this backdrop, the strategies of four international oil companies illustrate how exploration and production opportunities differ across Africa.
TotalEnergies Combines Exploration With Faster ProductionTotalEnergiesis expanding its position in Namibia while pursuing closer-to-production opportunities in Angola.
On Sept. 3, 2026, the company completed its acquisition of a 40% operated interest in Namibia’s PEL83 license, which contains the Mopane discovery. It also operates PEL56, with a 35.25% interest, and PEL91, with a 33.09% interest. These assets strengthen TotalEnergies’ exposure to Namibia’s exploration potential, although further appraisal and development decisions remain important steps toward commercial production.
Angola offers a different opportunity. On Sept. 10, TotalEnergies announced a fast-track development plan for the Acacia-5 discovery on Block 17, where it holds a 38% operated interest. The company expects to bring the discovery into production approximately three months after its June discovery by using available capacity on the Pazflor FPSO. The project is expected to add 6,000 barrels per day to Block 17 output.
TotalEnergies also entered two new exploration blocks near its existing Angolan production hubs, creating potential opportunities for future infrastructure-led developments. For investors, Namibia represents a longer-term growth opportunity, while Acacia-5 illustrates how existing facilities can shorten the path from discovery to production.
Chevron Evaluates Angola’s Infrastructure AdvantageChevron is also exploring ways to expand its African resource base without necessarily requiring entirely new production facilities.
On Aug. 17, 2026, Chevron announced an oil and gas condensate discovery at the 105-4X exploration well in Angola’s offshore Block 0. The well encountered a hydrocarbon column exceeding 600 meters, including more than 90 meters of net pay in the Pinda reservoir. Chevron is evaluating a potential tie-back to nearby facilities.
The company is also preparing to drill the Nabba-1 exploration well in Namibia’s PEL90 during the fourth quarter of 2026, according to available project information.
A successful tie-back could help Chevron develop its Angolan discovery more efficiently. However, the commercial value will depend on further evaluation and development economics. Its planned Namibian drilling also introduces exploration risk alongside the potential for new resources.
Eni Advances Production and Development in AngolaEni offers investors another approach, combining existing production growth with discoveries and longer-term development projects through Azule Energy, its 50-50 joint venture with bp.
In February 2026, full-field production began at the Ndungu field, part of the Agogo Integrated West Hub. Ndungu is expected to reach peak production of 60,000 barrels per day, while Agogo and Ndungu together are projected to reach approximately 175,000 barrels per day.
Eni also reported the Algaita-01 discovery in February. Preliminary estimates indicated approximately 500 million barrels of oil in place, rather than recoverable reserves. Located about 18 kilometers from the Olombendo FPSO, the discovery could benefit from nearby production infrastructure, subject to further evaluation.
In June, Azule Energy reached a final investment decision on the Greater PAJ project. The development includes 17 wells and a new FPSO with a nameplate capacity of 95,000 barrels per day. First oil is expected in the first half of 2029.
Together, these projects give Eni exposure to production growth and future capacity expansion. Execution, capital costs and oil prices will determine the ultimate financial benefits.
Shell Strengthens Its Nigerian Deep-Water PositionShell is building on its established Nigerian offshore operations to support future production.
In November 2025, Shell completed an acquisition that increased its interest in the OML 118 production-sharing contract, which includes the Bonga field, from 55% to 65%. The completed stake was lower than the initially proposed 67.5% because Eni exercised pre-emption rights over part of the interest being sold.
Shell is also advancing Bonga North, a subsea tie-back project that reached a final investment decision in December 2024. The project has estimated recoverable resources exceeding 300 million barrels of oil equivalent and is expected to reach peak production of 110,000 barrels per day. First oil is anticipated by the end of the decade.
The larger Bonga interest and planned development could help sustain Shell’s Nigerian production base. Still, project execution, cost control and the operating environment will influence the results.
Bottom LineAfrica’s offshore opportunity spans frontier exploration and established production growth. TotalEnergies combines Namibian exploration with an accelerated Angolan development, Chevron is evaluating an infrastructure-led opportunity, Eni has multiple production and development catalysts, and Shell is strengthening its Nigerian deep-water position.
For investors, the key question is not simply which company discovers the most oil. It is which can develop resources efficiently, control capital spending and generate sustainable cash flow. Appraisal results, project milestones, production timelines and crude prices will determine whether Africa’s offshore potential translates into lasting shareholder value.
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.82% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Chevron (CVX - Free Report) Chevron is one of the largest publicly traded oil and gas companies in the world with operations that span almost every corner of the globe. The only energy component of the Dow Jones Industrial Average, Houston, TX-based Chevron is fully integrated, meaning it participates in every aspect related to energy – from oil production, to refining and marketing. The company generates more than $189 billion in annual revenues and produces more than 3.7 million barrels per day of oil equivalent. Chevron currently churns out oil and natural gas at a 62:38 ratio. As of the end of 2025, the company had proved reserves of approximately 10.6 billion barrels of oil-equivalent.
CVX is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 12.7; value investors should take notice.
For fiscal 2026, seven analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $1.85 to $17.71 per share. CVX boasts an average earnings surprise of +18.7%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, CVX should be on investors' short list.
Key Takeaways CVX's record production, Hess synergies and strong cash flow support growth, alongside a new power deal.XOM leverages advanced technology and low-cost assets to boost productivity across the Permian and Guyana.EOG, FANG and COP focus on low-cost operations, efficiency gains and expanding growth opportunities.
Crude oil prices have soared this year buoyed by geopolitical conflicts in the Middle East, with no signs of abatement. On Oct 16, crude oil prices spiked following Iran's escalated attacks in the Strait of Hormuz, Houthi militants firing missiles in Saudi Arabia, and Ukraine reaffirming that it will continue to target Russian oil refineries.
As a result, the U.S. benchmark – the West Texas Intermediate (WTI) crude future price rose 3.5% to settle at $101.41 per barrel. The international benchmark – the Brent crude future price increased 3.7% to close at $109.86 per barrel, after touching $110 per barrel. Year to date, the WTI crude price jumped 77.4%, while the Brent crude price climbed 80.5%.
Consequently, stock prices of crude oil explorers and producers have surged in 2026. Here, we recommend five crude oil exploration behemoths with a favorable Zacks Rank for investment. These are: Chevron Corp. (CVX - Free Report) , ExxonMobil Holdings Corp. (XOM - Free Report) , EOG Resources Inc. (EOG - Free Report) , Diamondback Energy Inc. (FANG - Free Report) and ConocoPhillips (COP - Free Report) .
Each of our picks currently carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The chart below shows the price performance of our five picks year to date.
Image Source: Zacks Investment Research
Chevron Corp.Zacks Rank #1 Chevron produced 4.07 million BOE per day in second-quarter 2026, up 20% year over year, with U.S. output reaching a record 2.08 million BOE per day. CVX’s growth was supported by Hess, the Permian and the Gulf of America. Hess generated $1.5 billion in annual synergies six months ahead of schedule, helping increase value per share.
CVX’s quarterly operating cash flow reached $19.7 billion and adjusted free cash flow was $15.4 billion. Debt fell by more than $8 billion. A 20-year agreement with Microsoft Corp. (MSFT) for 2.67 gigawatts of power capacity adds a new growth opportunity.
CVX’s TTM ROIC of 7.8% was above its 10-year median, and FY2026 EPS estimates rose 5.8% in four weeks. Although commodity prices and returns remain risks, higher production, Hess savings, strong cash flow and power growth support CVX’s long-term growth prospects.
Chevron has an expected revenue and earnings growth rate of 26.6% and more than 100%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 1.6% over the last 30 days.
ExxonMobil Holdings Corp.Zacks Rank #2 ExxonMobil’s upstream portfolio is increasingly concentrated in advantaged assets with lower development costs and long production runways. The Pioneer acquisition expands XOM’s Permian scale and supports broader deployment of proprietary technologies and extended-reach development.
XOM is using proprietary technology, centralized operations and enterprise data systems to lower costs and raise asset productivity across the portfolio. In the Permian, XOM drilled more than 80 four-mile wells in the first half of 2026, supported by remote operations and real-time data. In Guyana, 4D seismic and high-performance computing have unlocked more than $2 billion of net present value, while FPSO reliability exceeded 98% year to date.
ExxonMobil has an expected revenue and earnings growth rate of 24% and 79.1%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 5% over the past 30 days.
EOG Resources Inc.Zacks Rank #1 EOG Resources combines a diversified shale and international portfolio with a low-cost operating model that supports free cash flow across commodity cycles. EOG’s deep inventory, flexible capital program and broad market access allow spending to move toward the highest-return opportunities.
EOG’s recent gains from the Utica integration, Eagle Ford exploration and early UAE results expand the development runway, while infrastructure and export-linked sales support realizations. EOG’s cash returns remain anchored by the regular dividend and opportunistic buybacks, backed by substantial liquidity and repurchase capacity.
EOG Resources has an expected revenue and earnings growth rate of 35.4% and 72.1%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 2.4% over the past seven days.
Diamondback Energy Inc.Zacks Rank #2 Diamondback Energy continues to strengthen returns through improvements in well construction, targeting, stimulation and completion techniques. FANG highlighted that wells that once took around 30 days to drill can now be drilled in roughly five days, demonstrating substantial operational progress.
FANG focuses on combining more wells per section with higher production per well while maintaining a low cost per well. Longer laterals, improved completion designs and better targeting are also reducing cost per foot. These efficiencies can increase returns on existing acreage and potentially raise FANG’s intrinsic value over time.
Diamondback Energy has an expected revenue and earnings growth rate of 26.5% and 57.6%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 3.6% over the past seven days.
ConocoPhillipsZacks Rank #1 ConocoPhillips offers an attractive long-term profile supported by a deep low-cost shale inventory, expanding global LNG exposure and a broader portfolio of capital-efficient international opportunities. Record Permian output highlights the quality of COP’s Lower 48 position, while LNG projects are expected to begin contributing in 2027.
Willow remains on track for first oil in early 2029, with Alaska exploration adding COP’s resource optionality around existing infrastructure. Cost reductions are ahead of plan, shareholder distributions remain a priority and COP continues to target a sizable free-cash-flow inflection by 2029. Portfolio high-grading adds flexibility. These drivers should lower future reinvestment needs, broaden cash-flow sources and support durable returns.
ConocoPhillips has an expected revenue and earnings growth rate of 15.9% and 81.7%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 3.2% over the past seven days.
SummaryWe expand a simple 3-ETF retirement portfolio into 6- and 8-fund models for higher diversification, income, and decent growth.The 8-fund portfolio targets a nearly 6% yield and market-matching annualized returns, high income, inflation protection, and capital preservation.Added exposure to real estate, gold, and technology reduces sector concentration and enhances long-term inflation protection.The 8-fund buy-and-hold portfolio remains manageable for retirees, with annual rebalancing and broad asset class coverage.Looking for a portfolio of ideas like this one? Members of High Income DIY Portfolios get exclusive access to our subscriber-only portfolios. Learn More » Father-Studio/iStock via Getty Images
Introduction: If you are a regular reader of our work, you may have noticed that we love to structure portfolio models. Obviously, not all models are created equal. But a majority of our models are focused on three core
60.04K Followers
Analyst’s Disclosure: I/we have a beneficial long position in the shares of ABT, ABBV, CI, JNJ, PFE, NVS, NVO, AZN, UNH, CL, CLX, UL, NSRGY, PG, TSN, ADM, BTI, MO, PM, KO, PEP, EXC, D, DEA, DEO, ENB, MCD, BAC, PRU, UPS, WMT, WBA, CVS, LOW, AAPL, IBM, CSCO, MSFT, INTC, T, VZ, CVX, XOM, VLO, ABB, ITW, MMM, LMT, LYB, RIO, O, NNN, WPC, ARCC, TLT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Disclaimer: The information presented in this article is for informational purposes only and in no way should be construed as financial advice or a recommendation to buy or sell any stock. The author is not a financial advisor. Please always do further research and do your own due diligence before making any investments. Every effort has been made to present the data/information accurately; however, the author does not claim 100% accuracy. The stock portfolios presented here are model portfolios for demonstration purposes. For the complete list of our LONG positions, please see our profile on Seeking Alpha.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Chevron (NYSE:CVX – Get Free Report) and NACCO Industries (NYSE:NC – Get Free Report) are both energy companies, but which is the better business? We will compare the two businesses based on the strength of their earnings, analyst recommendations, dividends, risk, valuation, profitability and institutional ownership.
Earnings and Valuation This table compares Chevron and NACCO Industries”s revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Chevron $189.03 billion 2.35 $12.30 billion $10.43 21.57 NACCO Industries $277.20 million 0.93 $17.57 million $2.30 14.88 Chevron has higher revenue and earnings than NACCO Industries. NACCO Industries is trading at a lower price-to-earnings ratio than Chevron, indicating that it is currently the more affordable of the two stocks. Volatility and Risk Chevron has a beta of 0.53, meaning that its share price is 47% less volatile than the S&P 500. Comparatively, NACCO Industries has a beta of 0.56, meaning that its share price is 44% less volatile than the S&P 500.
Dividends Chevron pays an annual dividend of $7.12 per share and has a dividend yield of 3.2%. NACCO Industries pays an annual dividend of $1.05 per share and has a dividend yield of 3.1%. Chevron pays out 68.3% of its earnings in the form of a dividend. NACCO Industries pays out 45.7% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Chevron has raised its dividend for 38 consecutive years and NACCO Industries has raised its dividend for 1 consecutive years. Chevron is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Analyst Ratings This is a summary of current ratings and recommmendations for Chevron and NACCO Industries, as reported by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Chevron 1 5 21 1 2.79 NACCO Industries 1 0 0 0 1.00 Chevron presently has a consensus price target of $213.42, indicating a potential downside of 5.15%. Given Chevron’s stronger consensus rating and higher possible upside, research analysts plainly believe Chevron is more favorable than NACCO Industries.
Insider and Institutional Ownership 72.4% of Chevron shares are held by institutional investors. Comparatively, 49.1% of NACCO Industries shares are held by institutional investors. 0.6% of Chevron shares are held by company insiders. Comparatively, 44.8% of NACCO Industries shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
Profitability This table compares Chevron and NACCO Industries’ net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Chevron 9.57% 11.09% 6.54% NACCO Industries 6.21% 4.00% 2.60% Summary Chevron beats NACCO Industries on 15 of the 18 factors compared between the two stocks.
About Chevron (Get Free Report)
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels, commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives; and transports crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California.
(Get Free Report)
NACCO Industries, Inc., together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies. Coal is surface mined in North Dakota and Mississippi. The North American Mining segment provides value-added contract mining and other services for producers of aggregates, activated carbon, lithium, and other industrial minerals; and contract mining services for independently owned mines and quarries in Florida, Texas, Arkansas, Virginia, and Nebraska. This segment also offers mining design and consulting services. The Minerals Management segment is involved in the leasing of its royalty and mineral interests to third-party exploration and production companies, and other mining companies, which grants them the rights to explore, develop, mine, produce, market, and sell gas, oil, and coal. NACCO Industries, Inc. was founded in 1913 and is headquartered in Cleveland, Ohio.
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.
Assenagon Asset Management S.A. grew its stake in shares of Chevron Corporation (NYSE:CVX – Free Report) by 26.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,432,618 shares of the oil and gas company’s stock after acquiring an additional 304,098 shares during the quarter. Assenagon Asset Management S.A. owned about 0.07% of Chevron worth $293,424,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Chevron during the 2nd quarter valued at $25,663,729,000. Bank of New York Mellon Corp purchased a new position in shares of Chevron in the second quarter worth $2,378,114,000. Legal & General Group Plc purchased a new position in shares of Chevron in the second quarter worth $1,462,412,000. Berkshire Hathaway Inc raised its stake in shares of Chevron by 6.6% in the fourth quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock worth $19,837,131,000 after purchasing an additional 8,091,570 shares during the last quarter. Finally, Deutsche Bank AG bought a new position in shares of Chevron during the second quarter valued at $1,189,577,000. 72.42% of the stock is currently owned by institutional investors.
Key Headlines Impacting Chevron Here are the key news stories impacting Chevron this week:
Positive Sentiment: Analyst support remains a key catalyst. Morgan Stanley raised its price target to $226 from $218 and assigned an “overweight” rating, implying additional upside. Wells Fargo also initiated or reiterated a “Buy” view on Chevron. Chevron price target raised by Morgan Stanley Positive Sentiment: Expectations for the upcoming earnings report are strong. Wall Street anticipates a sharp year-over-year increase in third-quarter earnings, supporting the recent rally. Chevron previously exceeded quarterly EPS and revenue estimates, while second-quarter 2026 free cash flow reportedly reached $18.1 billion. Chevron earnings expectations Positive Sentiment: Chevron’s integrated business and dividend profile continue to attract investors. Its upstream, refining and chemicals operations can provide resilience across commodity cycles, while the company’s roughly 3.5% yield and strong cash generation support its appeal as an income stock. Neutral Sentiment: Chevron has reached a fresh one-year high. Coverage highlights continued momentum and questions whether fundamentals justify further gains. The stock’s strong multi-year performance may keep investor interest elevated, but also raises the risk of profit-taking. Chevron reaches a fresh high Negative Sentiment: Chevron’s CEO warned that global oil-market safety buffers have been depleted. Commercial inventories, emergency reserves and previously sanctioned barrels have reportedly been drawn down following the Iran-related supply shock. The warning increases concerns about supply vulnerability, diesel prices and potential economic pressure that could weigh on demand. Chevron CEO warns oil buffers are depleted Negative Sentiment: Valuation is becoming a near-term headwind. Commentary suggests Chevron may be fairly valued or overvalued after its rally, potentially limiting upside unless earnings and oil prices continue to outperform. Chevron valuation analysis Insider Activity In other news, Director John B. Hess sold 100,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.26, for a total value of $19,426,000.00. Following the transaction, the director directly owned 178,045 shares in the company, valued at $34,587,021.70. The trade was a 35.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider R. Pate sold 2,470 shares of Chevron stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total value of $506,621.70. Following the sale, the insider directly owned 10,794 shares in the company, valued at $2,213,957.34. This trade represents a 18.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,152,582 shares of company stock worth $225,853,661 in the last quarter. 0.56% of the stock is currently owned by insiders. Analysts Set New Price Targets A number of analysts have recently commented on CVX shares. Royal Bank Of Canada lifted their price target on shares of Chevron from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, September 24th. Barclays lowered their price objective on shares of Chevron from $216.00 to $208.00 and set an “equal weight” rating on the stock in a research report on Monday, August 17th. BMO Capital Markets raised their target price on shares of Chevron from $210.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, September 3rd. Wall Street Zen raised shares of Chevron from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Zacks Research raised shares of Chevron from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.42.
Check Out Our Latest Stock Report on Chevron
Chevron Price Performance Shares of Chevron stock opened at $219.51 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. The stock’s fifty day moving average is $206.81 and its 200 day moving average is $193.29. The stock has a market cap of $433.71 billion, a P/E ratio of 20.48, a P/E/G ratio of 0.61 and a beta of 0.53. Chevron Corporation has a one year low of $146.49 and a one year high of $223.46.
Chevron (NYSE:CVX – Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.55 by $0.51. The firm had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The business’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.77 earnings per share. Sell-side analysts anticipate that Chevron Corporation will post 17.53 earnings per share for the current year.
Chevron Announces Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were paid a dividend of $1.78 per share. The ex-dividend date was Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a yield of 3.2%. Chevron’s dividend payout ratio (DPR) is presently 68.26%.
About Chevron (Free Report)
Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.
The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.
Further Reading Five stocks we like better than Chevron ASML Can’t Keep Up With AI Demand—Why That’s a Good Thing Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle Beyond the GPU: Credo Paves the Next AI Data Superhighway
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.
B.A. Schrock Wealth Management Inc. bought a new stake in shares of Chevron Corporation (NYSE:CVX – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,149 shares of the oil and gas company’s stock, valued at approximately $3,345,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in CVX. Howard Financial Services LTD. raised its stake in Chevron by 8.6% during the 3rd quarter. Howard Financial Services LTD. now owns 5,836 shares of the oil and gas company’s stock valued at $1,192,000 after purchasing an additional 464 shares during the last quarter. ZWJ Investment Counsel Inc. boosted its holdings in Chevron by 3.8% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 272,206 shares of the oil and gas company’s stock valued at $55,587,000 after purchasing an additional 10,053 shares during the period. Mather Group LLC. boosted its holdings in Chevron by 77.3% in the 3rd quarter. Mather Group LLC. now owns 89,259 shares of the oil and gas company’s stock valued at $18,391,000 after purchasing an additional 38,926 shares during the period. Hudock Inc. grew its position in Chevron by 5.3% in the 3rd quarter. Hudock Inc. now owns 21,104 shares of the oil and gas company’s stock worth $4,363,000 after purchasing an additional 1,054 shares during the last quarter. Finally, West Wealth Group LLC grew its position in Chevron by 9.1% in the 3rd quarter. West Wealth Group LLC now owns 2,651 shares of the oil and gas company’s stock worth $541,000 after purchasing an additional 222 shares during the last quarter. Institutional investors and hedge funds own 72.42% of the company’s stock.
Chevron News Roundup Here are the key news stories impacting Chevron this week:
Positive Sentiment: Analyst support remains a key catalyst. Morgan Stanley raised its price target to $226 from $218 and assigned an “overweight” rating, implying additional upside. Wells Fargo also initiated or reiterated a “Buy” view on Chevron. Chevron price target raised by Morgan Stanley Positive Sentiment: Expectations for the upcoming earnings report are strong. Wall Street anticipates a sharp year-over-year increase in third-quarter earnings, supporting the recent rally. Chevron previously exceeded quarterly EPS and revenue estimates, while second-quarter 2026 free cash flow reportedly reached $18.1 billion. Chevron earnings expectations Positive Sentiment: Chevron’s integrated business and dividend profile continue to attract investors. Its upstream, refining and chemicals operations can provide resilience across commodity cycles, while the company’s roughly 3.5% yield and strong cash generation support its appeal as an income stock. Neutral Sentiment: Chevron has reached a fresh one-year high. Coverage highlights continued momentum and questions whether fundamentals justify further gains. The stock’s strong multi-year performance may keep investor interest elevated, but also raises the risk of profit-taking. Chevron reaches a fresh high Negative Sentiment: Chevron’s CEO warned that global oil-market safety buffers have been depleted. Commercial inventories, emergency reserves and previously sanctioned barrels have reportedly been drawn down following the Iran-related supply shock. The warning increases concerns about supply vulnerability, diesel prices and potential economic pressure that could weigh on demand. Chevron CEO warns oil buffers are depleted Negative Sentiment: Valuation is becoming a near-term headwind. Commentary suggests Chevron may be fairly valued or overvalued after its rally, potentially limiting upside unless earnings and oil prices continue to outperform. Chevron valuation analysis Insider Activity In other news, Director John B. Hess sold 710,665 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the completion of the sale, the director owned 363,711 shares of the company’s stock, valued at approximately $70,596,305.10. This trade represents a 66.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider R. Pate sold 2,470 shares of Chevron stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total transaction of $506,621.70. Following the completion of the transaction, the insider owned 10,794 shares of the company’s stock, valued at $2,213,957.34. This trade represents a 18.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,152,582 shares of company stock valued at $225,853,661 in the last ninety days. 0.56% of the stock is currently owned by corporate insiders. Analyst Upgrades and Downgrades Several research analysts have recently issued reports on the stock. TD Cowen boosted their price objective on shares of Chevron from $215.00 to $225.00 and gave the stock a “hold” rating in a report on Monday. Bank of America increased their target price on shares of Chevron from $210.00 to $227.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Piper Sandler increased their target price on shares of Chevron from $207.00 to $243.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Wells Fargo & Company lifted their target price on Chevron from $226.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Finally, The Goldman Sachs Group lowered their price target on Chevron from $240.00 to $228.00 and set a “buy” rating on the stock in a research note on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $213.42.
Check Out Our Latest Research Report on CVX
Chevron Price Performance NYSE:CVX opened at $219.51 on Friday. The company has a market capitalization of $433.71 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 0.61 and a beta of 0.53. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. Chevron Corporation has a 52 week low of $146.49 and a 52 week high of $223.46. The company has a 50-day moving average of $206.81 and a 200-day moving average of $193.29.
Chevron (NYSE:CVX – Get Free Report) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. The company had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The company’s quarterly revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.77 earnings per share. As a group, equities research analysts anticipate that Chevron Corporation will post 17.53 earnings per share for the current fiscal year.
Chevron Announces Dividend The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were issued a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is currently 68.26%.
About Chevron (Free Report)
Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.
The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.
Featured Articles Five stocks we like better than Chevron ASML Can’t Keep Up With AI Demand—Why That’s a Good Thing Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle Beyond the GPU: Credo Paves the Next AI Data Superhighway Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Corporation (NYSE:CVX – Free Report).
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.
Chevron (CVX - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this oil company have returned +3.7%, compared to the Zacks S&P 500 composite's +1.4% change. During this period, the Zacks Oil and Gas - Integrated - International industry, which Chevron falls in, has gained 2.4%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Chevron is expected to post earnings of $4.74 per share, indicating a change of +156.2% from the year-ago quarter. The Zacks Consensus Estimate has changed +24.9% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $17.71 points to a change of +142.9% from the prior year. Over the last 30 days, this estimate has changed +7.3%.
For the next fiscal year, the consensus earnings estimate of $15.96 indicates a change of -9.9% from what Chevron is expected to report a year ago. Over the past month, the estimate has changed +8.9%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Chevron is rated Zacks Rank #1 (Strong Buy).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For Chevron, the consensus sales estimate for the current quarter of $59.71 billion indicates a year-over-year change of +20.1%. For the current and next fiscal years, $239.3 billion and $236.24 billion estimates indicate +26.6% and -1.3% changes, respectively.
Last Reported Results and Surprise HistoryChevron reported revenues of $70.06 billion in the last reported quarter, representing a year-over-year change of +56.3%. EPS of $6.06 for the same period compares with $1.77 a year ago.
Compared to the Zacks Consensus Estimate of $57.53 billion, the reported revenues represent a surprise of +21.78%. The EPS surprise was +4.48%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates two times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Chevron is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Chevron. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.
September's inflation report handed energy stocks a gift, but the same force lifting XLE is already working against the investors chasing it for protection.
High-yield dividend stocks are often a place that investors turn to for steady income and potential safety from stock market sell-offs. The stocks held by dividend exchange-traded funds (ETFs) tend to be financially strong, well-established companies that can weather a downturn in the economy.
One of the most popular dividend index funds is the Schwab U.S. Dividend Equity ETF (SCHD +1.23%). This fund holds a mix of 102 dividend stocks from a range of industries. A few of SCHD's biggest holdings are well-known blue chip stocks like Chevron (CVX -1.54%), Coca-Cola (KO +0.22%), and Home Depot (HD +3.85%) -- household name companies that have paid steady dividends for many years.
If you want to buy Coca-Cola, Chevron and Home Depot shares as part of a diversified dividend-focused portfolio, the SCHD fund is an easy, low-cost way to do it. But not all blue chip stocks are equally likely to succeed in today's complex economic environment.
Let's look at these three blue chip stocks in the Schwab U.S. Dividend Equity ETF portfolio and see why this fund can be a good buy -- even if some of its holdings underperform in the short run.
Image source: Getty Images.
SCHD: 3.24% dividend yield, 10 years of 12.4% annualized returns
The Schwab U.S. Dividend Equity ETF ranks as one of the best dividend index funds, because it pays strong dividends. This fund's trailing 12-month yield was 3.24% as of Sept. 30. That's more than three times the 1.05% yield paid in the past 12 months by the S&P 500 index. And it charges an ultra-low expense ratio of 0.06%.
SCHD has delivered annualized returns of about 12.4% in the past 10 years, about 9.5% in the past five years, and 23.4% in the past year.
SCHD Schwab U.S. Dividend Equity ETF$34.13+$0.42 (+1.23%)
NYSEMKT · As of 3:49 PM ET 10/15/26
Dividend stocks and blue chip ETFs are often sought after by investors who worry about upcoming stock market volatility. If you are concerned that the S&P 500 has become too tech-heavy and too dependent on the artificial intelligence (AI) trade, if you want "safer" stocks that might hold up better in case of a tech sell-off, SCHD could be a good alternative.
That's because this dividend ETF is not too tech-heavy. The top five sector holdings in this Schwab fund are healthcare (20.7% of the fund), consumer staples (20.4%), energy (14.1%), industrials (11.55%) and financials (10.05%). Only 9.23% of the fund's assets are in tech stocks.
Can you buy CVX, HD and KO are in the Schwab Dividend Equity ETF?
Chevron (CVX), Coca-Cola (KO) and Home Depot (HD) stocks are all large-caps with strong balance sheets and industry-leading market share. They're all included as part of the Schwab U.S. Dividend Equity ETF portfolio -- buying SCHD will let you own all three of those stocks, along with 99 other dividend stocks.
But these three blue chip stocks have delivered quite different returns in the past few years. Here's how CVX, KO, and HD have performed in the past five years compared to the SCHD fund:
CVX Total Return Level data by YCharts
Home Depot has struggled for the past few years with rising interest rates and a slowdown in the housing market. If interest rates keep rising and the housing market stays frozen, with fewer people buying homes or borrowing money to renovate homes, that could be bad news for Home Depot's business.
How much CVX, HD and KO does SCHD own?
As of Oct. 12, here's how Chevron, Coca-Cola, and Home Depot ranked among the Schwab U.S. Dividend Equity ETF top holdings -- and how SCHD compares to the S&P 500:
Stock
Ranking (#) among SCHD top holdings
Weight (% of assets) in SCHD
Weight (% of assets) in S&P 500
Coca-Cola (KO)
#4
4.25%
0.52%
Chevron (CVX)
#5
4.24%
0.63%
Home Depot (HD)
#11
3.81%
0.43%
Data source: Schwab, State Street
If you buy SCHD, you will be taking a much more concentrated position in these three blue chip stocks compared to their weight within the S&P 500 index. But if you believe in the future of dividend stocks, that could be a bet worth making.
Is now a good time to buy these three blue chip stocks in SCHD?
Coca-Cola may still have a bright future ahead, even if there is a stock market crash or recession. It's an industry-leading consumer staples brand, and people are likely to keep buying beverages whether or not the AI boom turns into a tech sell-off.
Chevron is a leading energy stock, and the energy sector is generating strong earnings due to the global disruptions in energy supply chains from the Iran war. Energy stocks can also be good choices in case of a bear market.
Home Depot might be the riskiest of these three blue chip stocks in the short run. The housing sector is struggling, and mortgage rates keep climbing. That makes it harder for homeowners to feel confident about splurging on home renovation projects. But Home Depot only ranks as the 11th biggest holding in SCHD, with 3.81% of the fund's assets.
And if you're a long-term investor, it's hard to believe that the U.S. housing industry will stay in the doldrums forever. Home Depot shares could quickly bounce back at the first future signs of lower interest rates and a housing market rebound.
A strong stock as of late has been Chevron (CVX - Free Report) . Shares have been marching higher, with the stock up 5% over the past month. The stock hit a new 52-week high of $222.55 in the previous session. Chevron has gained 45.7% since the start of the year compared to the 40.4% gain for the Zacks Oils-Energy sector and the 47.9% return for the Zacks Oil and Gas - Integrated - International industry.
What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on July 31, 2026, Chevron reported EPS of $6.06 versus consensus estimate of $5.8.
For the current fiscal year, Chevron is expected to post earnings of $17.53 per share on $239.3 in revenues. This represents a 140.47% change in EPS on a 26.59% change in revenues. For the next fiscal year, the company is expected to earn $15.5 per share on $236.24 in revenues. This represents a year-over-year change of -11.6% and -1.28%, respectively.
Valuation MetricsThough Chevron has recently hit a 52-week high, what is next for Chevron? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). The individual style scores for Value, Growth, Momentum and the combined VGM Score run from A through F. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
Chevron has a Value Score of B. The stock's Growth and Momentum Scores are A and B, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 12.7X current fiscal year EPS estimates, which is a premium to the peer industry average of 8.2X. On a trailing cash flow basis, the stock currently trades at 13.3X versus its peer group's average of 6.7X. Additionally, the stock has a PEG ratio of 0.61. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks RankWe also need to consider the stock's Zacks Rank, as this is even more important than the company's VGM Score. Fortunately, Chevron currently has a Zacks Rank of #1 (Strong Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Chevron passes the test. Thus, it seems as though Chevron shares could still be poised for more gains ahead.
How Does CVX Stack Up to the Competition?Shares of CVX have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is OMV AG (OMVKY - Free Report) . OMVKY has a Zacks Rank of #1 (Strong Buy) and a Value Score of A, a Growth Score of C, and a Momentum Score of A.
Earnings were strong last quarter. OMV AG beat our consensus estimate by 347.30%, and for the current fiscal year, OMVKY is expected to post earnings of $2.55 per share on revenue of $39.7 billion.
Shares of OMV AG have gained 0.6% over the past month, and currently trade at a forward P/E of 8.16X and a P/CF of 5.41X.
The Oil and Gas - Integrated - International industry is in the top 9% of all the industries we have in our universe, so it looks like there are some nice tailwinds for CVX and OMVKY, even beyond their own solid fundamental situation.
Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what are today's hottest industries.
It also includes the Focus List, a long-term portfolio of top stocks that have all the elements to beat the market.
Breaking Down the Zacks Focus ListIf you could, wouldn't you jump at the chance for access to a curated list of stocks to kickstart your investing journey?
That's what the Zacks Focus List offers. It's a portfolio of 50 stocks that serve as a starting point for long-term investors to build their individual portfolios. The stocks included in the list are set to outperform the market over the next 12 months.
One thing that makes the Focus List even more advantageous is that each pick comes with a full Zacks Analyst Report. This helps explain why each stock was selected and why we believe it's a good pick for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List MethodologyWhen stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Earnings estimates are expectations of growth and profitability, and are determined by brokerage analysts. Together with company management, these analysts examine every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
Investors also need to look at what a company will earn down the road. This is why earnings estimate revisions are so important.
The stocks that receive positive changes to earnings estimates are more likely to receive even more upward changes in the future. Take this example: if an analyst raised their estimates last month, they'll probably do so again this month, and other analysts will follow.
Harnessing the power of earnings estimate revisions is where the Zacks Rank comes in. The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions to make it easier to build a winning portfolio.
There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each one of these features is then given a raw score that's recalculated every night and compiled into the Rank. Using this data, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell."
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum.
Focus List Spotlight: Chevron (CVX - Free Report) Chevron is one of the largest publicly traded oil and gas companies in the world with operations that span almost every corner of the globe. The only energy component of the Dow Jones Industrial Average, Houston, TX-based Chevron is fully integrated, meaning it participates in every aspect related to energy – from oil production, to refining and marketing. The company generates more than $189 billion in annual revenues and produces more than 3.7 million barrels per day of oil equivalent. Chevron currently churns out oil and natural gas at a 62:38 ratio. As of the end of 2025, the company had proved reserves of approximately 10.6 billion barrels of oil-equivalent.
Since being added to the Focus List on June 29, 2023 at $154.92 per share, shares of CVX have increased 43.33% to $222.04. The stock is currently a #1 (Strong Buy) on the Zacks Rank.
Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $1.67 to $17.53. CVX boasts an average earnings surprise of 18.7%.
Additionally, CVX's earnings are expected to grow 140.5% for the current fiscal year.
Reveal Winning StocksUnlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >>
Cliftonlarsonallen Wealth Advisors LLC lessened its stake in shares of Chevron Corporation (NYSE:CVX – Free Report) by 32.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,330 shares of the oil and gas company’s stock after selling 7,268 shares during the period. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Chevron were worth $3,131,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of CVX. BlackRock Inc. purchased a new stake in shares of Chevron during the second quarter worth $25,663,729,000. Bank of New York Mellon Corp purchased a new position in shares of Chevron in the second quarter worth about $2,378,114,000. Legal & General Group Plc purchased a new position in shares of Chevron in the second quarter worth about $1,462,412,000. Berkshire Hathaway Inc boosted its position in Chevron by 6.6% during the fourth quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock worth $19,837,131,000 after acquiring an additional 8,091,570 shares during the last quarter. Finally, Deutsche Bank AG acquired a new position in Chevron during the second quarter worth about $1,189,577,000. Institutional investors and hedge funds own 72.42% of the company’s stock.
Insider Transactions at Chevron In other Chevron news, Director John Hess sold 100,000 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $194.26, for a total transaction of $19,426,000.00. Following the transaction, the director directly owned 178,045 shares in the company, valued at $34,587,021.70. This represents a 35.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew Walz sold 16,800 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $201.06, for a total value of $3,377,808.00. Following the transaction, the insider owned 14 shares in the company, valued at $2,814.84. This trade represents a 99.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,152,582 shares of company stock worth $225,853,661 in the last ninety days. 0.56% of the stock is owned by company insiders.
More Chevron News Here are the key news stories impacting Chevron this week: Positive Sentiment: Chevron’s recovery of U.S. Gulf of Mexico production after Hurricane Isaias, with no reported damage to its facilities, reduces the risk of a prolonged operational disruption. Chevron & Shell Lead U.S. Gulf Oil Production Recovery After Hurricane Positive Sentiment: Analysts at Erste Group raised their fiscal 2026 EPS forecast for Chevron to $16.90 from $16.09 and lifted the fiscal 2027 estimate to $13.78 from $13.52, reinforcing the view that earnings momentum remains favorable. Chevron analyst earnings estimates Positive Sentiment: Chevron is among the energy companies positioned to benefit from Venezuela’s oil revival and potential efforts to offset supply disruptions near the Strait of Hormuz. The opportunity could expand production and long-term cash flow, although execution and geopolitical risks remain. Venezuela’s Oil Revival Is Gaining Momentum Positive Sentiment: Chevron’s integrated model—combining upstream production with refining and other businesses—continues to support dividend resilience when crude prices weaken. Its Beetaloo Basin expertise also helped deliver Australia’s first commercial gas, adding potential exposure to LNG demand. Oil Giants and Dividend Resilience Neutral Sentiment: Coverage of Chevron’s AI investment process indicates that management is evaluating AI projects based on measurable returns and competition for capital. The initiative may improve efficiency, but no immediate financial impact was identified. How CFOs Decide Which AI Bets Create Value Negative Sentiment: Chevron reportedly agreed to take a one-time loss of approximately $3 billion to $4 billion, which could weigh on near-term results despite stronger underlying earnings. Chevron Is Cleaning House Before the Earnings Peak Fades Negative Sentiment: Some valuation analysis views CVX as overvalued after its rally, while longer-term comparisons show the stock has underperformed the broader market over the past decade. These concerns could limit further upside. Is Chevron Overvalued After Its Rally? Analyst Ratings Changes A number of research analysts have weighed in on the stock. The Goldman Sachs Group lowered their target price on Chevron from $240.00 to $228.00 and set a “buy” rating on the stock in a report on Tuesday, September 22nd. Wall Street Zen upgraded Chevron from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Wells Fargo & Company lifted their price target on Chevron from $226.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. BMO Capital Markets boosted their price target on shares of Chevron from $210.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. Finally, Royal Bank Of Canada boosted their price target on shares of Chevron from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.08.
Check Out Our Latest Analysis on CVX
Chevron Stock Performance Shares of Chevron stock opened at $222.05 on Thursday. The firm has a market cap of $438.71 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 0.60 and a beta of 0.53. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. Chevron Corporation has a 52 week low of $146.49 and a 52 week high of $222.55. The business’s fifty day simple moving average is $206.20 and its 200-day simple moving average is $193.23.
Chevron (NYSE:CVX – Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The firm had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. During the same period last year, the company earned $1.77 EPS. The company’s quarterly revenue was up 57.4% on a year-over-year basis. Equities analysts forecast that Chevron Corporation will post 17.59 earnings per share for the current year.
Chevron Announces Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were given a $1.78 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a yield of 3.2%. Chevron’s payout ratio is presently 68.26%.
About Chevron (Free Report)
Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.
The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.
Featured Stories Five stocks we like better than Chevron Tesla Wants to Make Its Own Chips—What Could Go Wrong? IREN Limited’s AI Pivot Gains Traction—But Can Its Data Centers Deliver? PBF Energy’s Stunning Rally Faces a Critical Test Citi Stock Falls Despite Earnings Beat: What Investors Need to Know
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.
Copeland Capital Management LLC purchased a new position in shares of Chevron Corporation (NYSE:CVX – Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,950 shares of the oil and gas company’s stock, valued at approximately $602,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Midwest Capital Advisors LLC acquired a new stake in Chevron during the 1st quarter worth $25,000. Main Street Group LTD bought a new stake in shares of Chevron during the 1st quarter valued at $28,000. Phillip James Consulting Co. acquired a new position in shares of Chevron in the 4th quarter valued at $26,000. Kilter Group LLC acquired a new position in shares of Chevron in the 2nd quarter valued at $28,000. Finally, Basso Capital Management L.P. acquired a new position in shares of Chevron in the 4th quarter valued at $27,000. 72.42% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades Several research analysts have recently issued reports on CVX shares. Mizuho set a $234.00 price target on Chevron in a research report on Monday. Raymond James Financial dropped their price objective on Chevron from $230.00 to $225.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. Dbs Bank raised Chevron to a “moderate buy” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. increased their target price on Chevron from $190.00 to $222.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Finally, Wells Fargo & Company raised their target price on Chevron from $226.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $213.08.
Check Out Our Latest Report on CVX Insiders Place Their Bets In related news, insider Andrew Walz sold 16,800 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $201.06, for a total value of $3,377,808.00. Following the completion of the transaction, the insider directly owned 14 shares in the company, valued at approximately $2,814.84. The trade was a 99.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John B. Hess sold 100,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $194.26, for a total value of $19,426,000.00. Following the sale, the director directly owned 178,045 shares of the company’s stock, valued at approximately $34,587,021.70. The trade was a 35.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,152,582 shares of company stock worth $225,853,661. 0.56% of the stock is owned by company insiders.
Chevron Price Performance Shares of CVX stock opened at $222.05 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. Chevron Corporation has a 12-month low of $146.49 and a 12-month high of $222.55. The firm has a fifty day moving average of $206.20 and a 200-day moving average of $193.23. The firm has a market capitalization of $438.71 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 0.60 and a beta of 0.53.
Chevron (NYSE:CVX – Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, topping the consensus estimate of $5.55 by $0.51. The business had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The firm’s revenue was up 57.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.77 EPS. On average, equities research analysts forecast that Chevron Corporation will post 17.59 earnings per share for the current year.
Chevron Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were issued a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Wednesday, August 19th. Chevron’s dividend payout ratio is 68.26%.
Key Chevron News Here are the key news stories impacting Chevron this week:
Positive Sentiment: Chevron’s recovery of U.S. Gulf of Mexico production after Hurricane Isaias, with no reported damage to its facilities, reduces the risk of a prolonged operational disruption. Chevron & Shell Lead U.S. Gulf Oil Production Recovery After Hurricane Positive Sentiment: Analysts at Erste Group raised their fiscal 2026 EPS forecast for Chevron to $16.90 from $16.09 and lifted the fiscal 2027 estimate to $13.78 from $13.52, reinforcing the view that earnings momentum remains favorable. Chevron analyst earnings estimates Positive Sentiment: Chevron is among the energy companies positioned to benefit from Venezuela’s oil revival and potential efforts to offset supply disruptions near the Strait of Hormuz. The opportunity could expand production and long-term cash flow, although execution and geopolitical risks remain. Venezuela’s Oil Revival Is Gaining Momentum Positive Sentiment: Chevron’s integrated model—combining upstream production with refining and other businesses—continues to support dividend resilience when crude prices weaken. Its Beetaloo Basin expertise also helped deliver Australia’s first commercial gas, adding potential exposure to LNG demand. Oil Giants and Dividend Resilience Neutral Sentiment: Coverage of Chevron’s AI investment process indicates that management is evaluating AI projects based on measurable returns and competition for capital. The initiative may improve efficiency, but no immediate financial impact was identified. How CFOs Decide Which AI Bets Create Value Negative Sentiment: Chevron reportedly agreed to take a one-time loss of approximately $3 billion to $4 billion, which could weigh on near-term results despite stronger underlying earnings. Chevron Is Cleaning House Before the Earnings Peak Fades Negative Sentiment: Some valuation analysis views CVX as overvalued after its rally, while longer-term comparisons show the stock has underperformed the broader market over the past decade. These concerns could limit further upside. Is Chevron Overvalued After Its Rally? Chevron Company Profile (Free Report)
Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.
The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.
Further Reading Five stocks we like better than Chevron Tesla Wants to Make Its Own Chips—What Could Go Wrong? IREN Limited’s AI Pivot Gains Traction—But Can Its Data Centers Deliver? PBF Energy’s Stunning Rally Faces a Critical Test Citi Stock Falls Despite Earnings Beat: What Investors Need to Know
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.
B. Riley Wealth Advisors Inc. lifted its position in Chevron Corporation (NYSE:CVX – Free Report) by 24.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,695 shares of the oil and gas company’s stock after acquiring an additional 6,694 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Chevron were worth $6,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently made changes to their positions in the company. Midwest Capital Advisors LLC purchased a new position in Chevron in the 1st quarter valued at $25,000. Phillip James Consulting Co. acquired a new stake in shares of Chevron in the fourth quarter valued at about $26,000. Basso Capital Management L.P. acquired a new stake in shares of Chevron in the fourth quarter valued at about $27,000. Main Street Group LTD purchased a new position in shares of Chevron in the first quarter worth about $28,000. Finally, Kilter Group LLC purchased a new position in shares of Chevron in the second quarter worth about $28,000. 72.42% of the stock is owned by institutional investors and hedge funds.
Key Headlines Impacting Chevron Here are the key news stories impacting Chevron this week:
Positive Sentiment: Analysts raised earnings estimates. Erste Group lifted its FY2026 EPS forecast to $16.90 from $16.09 and its FY2027 estimate to $13.78 from $13.52, signaling improved expectations for Chevron’s operating performance. MarketBeat Chevron estimates Positive Sentiment: Strong income-stock positioning is attracting investors. Zacks included CVX on its Rank #1 “Strong Buy” income-stock list, while other coverage highlighted Chevron’s profitability, cash flow, dividend appeal, cost savings and production growth. Zacks income stocks article Positive Sentiment: Gulf of Mexico operations are recovering. Chevron and Shell are restoring offshore oil production after Hurricane Isaias, with facilities reporting no storm damage. A faster restart limits the potential impact on output and revenue. Gulf production recovery article Positive Sentiment: International gas growth is reinforcing the long-term story. Chevron-linked technical expertise helped unlock first commercial gas from Australia’s Beetaloo Basin, while the company also advanced discussions related to Cyprus’ Aphrodite gas field and Egypt’s export infrastructure. Beetaloo gas article Neutral Sentiment: Valuation support is mixed. TD Cowen raised its price target to $225 but retained a “Hold” rating, while reported analyst targets average about $213.08—below the recent trading level. Chevron price target article Negative Sentiment: Chevron is taking a sizable one-time charge. The company agreed to recognize an estimated $3 billion–$4 billion loss, which could pressure reported results even though management may be using the charge to clean up the portfolio ahead of future earnings. Chevron one-time loss article Analysts Set New Price Targets A number of equities analysts recently weighed in on the stock. BNP Paribas Exane lowered their price target on shares of Chevron from $230.00 to $224.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. UBS Group upped their price target on Chevron from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, October 8th. TD Cowen lifted their price objective on Chevron from $215.00 to $225.00 and gave the company a “hold” rating in a research note on Monday. Raymond James Financial lowered their price objective on Chevron from $230.00 to $225.00 and set an “outperform” rating for the company in a research report on Tuesday, July 21st. Finally, Mizuho set a $234.00 price objective on shares of Chevron in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $213.08. Read Our Latest Research Report on CVX
Insiders Place Their Bets In other news, insider R. Pate sold 2,470 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total transaction of $506,621.70. Following the completion of the sale, the insider owned 10,794 shares of the company’s stock, valued at approximately $2,213,957.34. This trade represents a 18.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Wirth sold 317,100 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the sale, the chief executive officer directly owned 26,308 shares of the company’s stock, valued at $5,273,701.68. The trade was a 92.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,152,582 shares of company stock valued at $225,853,661. Corporate insiders own 0.56% of the company’s stock.
Chevron Stock Up 1.4% Shares of NYSE CVX opened at $218.01 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. Chevron Corporation has a 1 year low of $146.49 and a 1 year high of $218.79. The stock’s 50-day simple moving average is $205.49 and its 200-day simple moving average is $193.13. The firm has a market cap of $430.73 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 0.60 and a beta of 0.53.
Chevron (NYSE:CVX – Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The firm had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. During the same quarter in the prior year, the business posted $1.77 earnings per share. Chevron’s revenue for the quarter was up 57.4% on a year-over-year basis. As a group, equities analysts anticipate that Chevron Corporation will post 17.43 earnings per share for the current fiscal year.
Chevron Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were paid a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Wednesday, August 19th. Chevron’s dividend payout ratio is 68.26%.
About Chevron (Free Report)
Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.
The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.
Further Reading Five stocks we like better than Chevron A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be? Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity? Surgical Precision, Sustainable Returns: Johnson & Johnson Secures Its Cash Flow Runway Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.
Avior Wealth Management LLC lessened its position in shares of Chevron Corporation (NYSE:CVX – Free Report) by 18.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,593 shares of the oil and gas company’s stock after selling 4,492 shares during the period. Avior Wealth Management LLC’s holdings in Chevron were worth $4,055,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. First PREMIER Bank lifted its holdings in Chevron by 0.8% during the 2nd quarter. First PREMIER Bank now owns 6,450 shares of the oil and gas company’s stock worth $1,070,000 after purchasing an additional 50 shares during the last quarter. Vanguard Capital Wealth Advisors grew its holdings in Chevron by 1.8% in the 2nd quarter. Vanguard Capital Wealth Advisors now owns 2,818 shares of the oil and gas company’s stock valued at $467,000 after buying an additional 50 shares in the last quarter. Nautilus Advisors LLC grew its holdings in Chevron by 2.8% in the 3rd quarter. Nautilus Advisors LLC now owns 1,859 shares of the oil and gas company’s stock valued at $380,000 after buying an additional 50 shares in the last quarter. Cornerstone Advisory LLC grew its holdings in Chevron by 0.9% in the 1st quarter. Cornerstone Advisory LLC now owns 5,625 shares of the oil and gas company’s stock valued at $1,164,000 after buying an additional 52 shares in the last quarter. Finally, Chickasaw Capital Management LLC increased its position in Chevron by 0.8% during the 3rd quarter. Chickasaw Capital Management LLC now owns 7,225 shares of the oil and gas company’s stock worth $1,475,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.
Trending Headlines about Chevron Here are the key news stories impacting Chevron this week:
Positive Sentiment: Analysts raised earnings estimates. Erste Group lifted its FY2026 EPS forecast to $16.90 from $16.09 and its FY2027 estimate to $13.78 from $13.52, signaling improved expectations for Chevron’s operating performance. MarketBeat Chevron estimates Positive Sentiment: Strong income-stock positioning is attracting investors. Zacks included CVX on its Rank #1 “Strong Buy” income-stock list, while other coverage highlighted Chevron’s profitability, cash flow, dividend appeal, cost savings and production growth. Zacks income stocks article Positive Sentiment: Gulf of Mexico operations are recovering. Chevron and Shell are restoring offshore oil production after Hurricane Isaias, with facilities reporting no storm damage. A faster restart limits the potential impact on output and revenue. Gulf production recovery article Positive Sentiment: International gas growth is reinforcing the long-term story. Chevron-linked technical expertise helped unlock first commercial gas from Australia’s Beetaloo Basin, while the company also advanced discussions related to Cyprus’ Aphrodite gas field and Egypt’s export infrastructure. Beetaloo gas article Neutral Sentiment: Valuation support is mixed. TD Cowen raised its price target to $225 but retained a “Hold” rating, while reported analyst targets average about $213.08—below the recent trading level. Chevron price target article Negative Sentiment: Chevron is taking a sizable one-time charge. The company agreed to recognize an estimated $3 billion–$4 billion loss, which could pressure reported results even though management may be using the charge to clean up the portfolio ahead of future earnings. Chevron one-time loss article Analysts Set New Price Targets A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised Chevron from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. boosted their target price on shares of Chevron from $190.00 to $222.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Bank of America upped their price target on shares of Chevron from $210.00 to $227.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Raymond James Financial lowered their price target on shares of Chevron from $230.00 to $225.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 21st. Finally, Argus raised their price target on shares of Chevron from $206.00 to $211.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $213.08. Check Out Our Latest Research Report on Chevron
Insider Activity In related news, insider R. Pate sold 2,470 shares of Chevron stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total value of $506,621.70. Following the transaction, the insider directly owned 10,794 shares of the company’s stock, valued at $2,213,957.34. This trade represents a 18.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael Wirth sold 317,100 shares of Chevron stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the completion of the transaction, the chief executive officer directly owned 26,308 shares in the company, valued at $5,273,701.68. This trade represents a 92.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,152,582 shares of company stock worth $225,853,661. 0.56% of the stock is owned by company insiders.
Chevron Price Performance Shares of NYSE CVX opened at $218.01 on Wednesday. The stock has a market capitalization of $430.73 billion, a PE ratio of 19.83, a P/E/G ratio of 0.60 and a beta of 0.53. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. The business has a fifty day moving average price of $205.49 and a two-hundred day moving average price of $193.13. Chevron Corporation has a fifty-two week low of $146.49 and a fifty-two week high of $218.79.
Chevron (NYSE:CVX – Get Free Report) last released its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.55 by $0.51. The company had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%. Chevron’s quarterly revenue was up 57.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.77 EPS. As a group, equities analysts predict that Chevron Corporation will post 17.43 earnings per share for the current fiscal year.
Chevron Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were given a dividend of $1.78 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $7.12 annualized dividend and a yield of 3.3%. Chevron’s dividend payout ratio is currently 68.26%.
Chevron Profile (Free Report)
Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.
The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.
Recommended Stories Five stocks we like better than Chevron A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be? Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity? Surgical Precision, Sustainable Returns: Johnson & Johnson Secures Its Cash Flow Runway Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Corporation (NYSE:CVX – Free Report).
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.
Chevron just posted one of its strongest runs in years, yet patient investors who held through every oil crash and geopolitical shock may be surprised by where they actually stand against the broader market.
The energy major’s stock has gained sharply over the past year, and the rally changes how its full decade looks. Put $1,000 into Chevron (NYSE:CVX | CVX Price Prediction) ten years ago, reinvest every dividend, and you’d now hold more than three times your money. Even so, you’d still trail the S&P 500.
Oil Crashes, Oil Spikes and a Hess-Sized Push for Scale Chevron works across the whole energy chain. Upstream, it finds and produces oil and gas. Downstream, it refines, markets and makes chemicals. Results swing with crude prices. The 2020 COVID crash hit the whole industry hard, though Chevron kept paying its dividend. Russia’s invasion of Ukraine in 2022 then brought a boom.
Chevron closed its Hess acquisition in 2025. That year production hit a record 3,723 MBOED, up 12%. In 2026, military action that began February 28 effectively shut the Strait of Hormuz, and Brent averaged $117 per barrel in April. Second-quarter revenue rose 51.4% to $67.2B. Over the whole decade, the quarterly dividend climbed from $1.07 to $1.78.
Your $1,000 Became $3,276 Chevron’s figures use dividend-adjusted prices, so they assume all dividends were reinvested. The S&P 500 figures track SPDR S&P 500 ETF Trust (NYSEARCA:SPY) on price alone and leave out its dividends.
1-Year Return
Initial Investment: $1,000 Current Value: $1,516 Total Return: 51.61% S&P 500 (same period): $1,190 (19.01%) 5-Year Return
Initial Investment: $1,000 Current Value: $2,462 Total Return: 146.21% Annualized Return: 19.7% S&P 500 (same period): $1,786 (78.59%) 10-Year Return
Initial Investment: $1,000 Current Value: $3,276 Total Return: 227.63% Annualized Return: 12.6% S&P 500 (same period): $3,647 (264.67%) Timing drove almost everything here. The 5-year window starts in October 2021, just before the 2022 surge, and Chevron beat the index easily over that period. The 10-year holder sat through the 2020 collapse and still fell behind a benchmark that wasn’t even credited with its dividends. Reinvested payouts did much of the work. Without them, Chevron’s decade would look much weaker.
Why Chevron’s Dividend Case Matters Most Right Now Chevron’s case today depends on income that holds up across the oil cycle. Investors focused on riding the current crude spike could face more risk.
Bull case: The CEO says Hess assets generate free cash flow “roughly double the incremental dividends.” A 20-year Microsoft (NASDAQ:MSFT) power deal adds cash flow that doesn’t depend on commodity prices. Chevron also bases its 2030 targets on oil prices below current levels.
Bear case: Today’s earnings depend on a Hormuz disruption that won’t last forever. The stock trades at $217.22, right near its 52-week high of $217.78.
The income case looks stronger than the price-gain case. A decade of crashes and spikes still turned $1,000 into $3,276 for patient holders who reinvested. Energy majors reward holders who stay through a full cycle.
Contact [email protected] for any questions or corrections.
Oil prices crashed 14% last year, yet three energy giants kept raising their dividends anyway. The integrated business model behind that trick also explains why analysts see one of them as the most recession-proof income stock in the sector.
Oil prices swing hard, and retirement budgets can’t. Integrated majors close that gap by owning the whole chain. When crude falls, cheaper feedstock tends to widen refining and chemicals margins, so one division supports another and the dividend keeps coming. TotalEnergies (NYSE:TTE | TTE Price Prediction) showed how this works in fiscal 2025, when its Refining and Chemicals segment grew adjusted net operating income 10% in a year when Brent crude fell 14%. TotalEnergies, Chevron (NYSE:CVX) and Exxon Mobil (NYSE:XOM) all run upstream, downstream and chemicals operations under one roof. All three are raising their payouts, and all three pay those dividends out of operating cash flow.
Chevron: 39 Straight Raises Backed by Record Cash Flow
Chevron yields 2.98% on a quarterly dividend of $1.78, or $7.12 a year. The yield looks modest because the stock has climbed 47.85% year to date to $219.25. The dividend itself keeps growing.
Track record: This year’s 4% raise was Chevron’s 39th consecutive annual increase, according to the company. The payment record supports the recent run. Over the past five years, the quarterly rate has gone from $1.42 to $1.51, $1.63, $1.71 and now $1.78.
Coverage and balance sheet: Chevron’s free cash flow yield of 3.88% is about 1.3 times its dividend yield. Second-quarter 2026 free cash flow reached $18.10 billion on operating cash flow of $22.63 billion. That one quarter beat the $16.6 billion of free cash flow Chevron produced in all of 2025. Debt is low: debt-to-equity is 0.219, net debt to EBITDA is 0.94 and interest coverage is 13.7x. Chevron also paid down $8.41 billion of debt in the quarter. In 2025 it returned $27.1 billion to shareholders.
For the bull case, the Hess acquisition gave Chevron a interest in Guyana’s Stabroek block. Worldwide production rose 20% year over year to 4,070 MBOED, and U.S. upstream output hit a record 2,077 MBOED. The integrated model paid off as well: downstream earnings reached $4.87 billion, up from $737 million a year earlier. Chevron reached $3 billion in run-rate structural cost cuts six months ahead of schedule and captured $1.5 billion in Hess synergies within a year of closing. It also signed a 20-year power purchase agreement with Microsoft (NASDAQ:MSFT) for a 2.67 GW West Texas data center, which adds long-term revenue tied to AI power demand.
Risk: Measured against reported earnings, the payout is stretched. The $7.12 annualized dividend is higher than Chevron’s 2025 EPS of $6.63, and a P/E near 35 shows earnings still trailing the share price. Today’s cash flow covers the dividend easily, but a long slump in oil would reduce that supports quickly.
Exxon Mobil: 43 Years of Growth and the Strongest Balance Sheet Here
Exxon Mobil yields 2.41% on a $1.03 quarterly dividend, or $4.12 a year. As with Chevron, a strong rally has pushed the yield down: shares are up 48.12% year to date at $174.77.
Track record: Exxon reports 43 consecutive years of annual dividend-per-share growth. The company’s most recent increase was 4%, in the fourth quarter of 2025. The quarterly rate has climbed from $0.41 in 1999 to $1.03 today. Recent increases were $0.88, $0.91, $0.95, $0.99 and $1.03.
Coverage and balance sheet: The forward dividend works out to about 61% of 2025 EPS of $6.70. The 3.30% free cash flow yield is about 1.4 times the dividend yield. In 2025, Exxon generated $51.97 billion of operating cash flow and $26.13 billion of free cash flow while buying back $20 billion of stock. It has the strongest balance sheet of the three, with debt-to-equity of 0.168, net debt to EBITDA of 0.548 and interest coverage running at 56.3x.
Bull case: Exxon’s growth comes from low-cost barrels. Advantaged assets (the Permian, Guyana and LNG) made up 59% of 2025 production. Upstream output hit a record 4.7 million boe per day, the highest in more than 40 years, and Guyana now tops 900,000 gross barrels a day. All 10 of 10 key 2025 projects started up, and Golden Pass LNG has loaded its first export cargo. Total structural cost savings of $15.6 billion since 2019 are heading toward a $20 billion target by 2030. Lower costs let Exxon keep paying the dividend at lower oil prices.
Risk: Quarterly results can swing sharply. First-quarter 2026 reported net income was $4.18 billion after a $3.88 billion hit from derivative timing and $706 million of losses from Middle East supply disruptions. Free cash flow was only $2.70 billion, while buybacks totaled $4.9 billion. Exxon has also committed to $20 billion of buybacks and $27 billion to $29 billion of capex this year. If weak quarters pile up, the buyback is the spending Exxon can most easily cut.
TotalEnergies: The Highest Yield at the Lowest Multiple
TotalEnergies is the high-yield name of the group at 4.56%. Its next payment is $1.021 per share, and its annualized forward dividend is $4.084.
Track record: The board raised the fiscal 2025 dividend 5.6% to €3.40 per share. It then set the first 2026 interim payment at €0.90, up 5.9%. The available payment record goes back to 2007.
Coverage and balance sheet: Trailing dividends of $4.052 per share equal about 51% of trailing EPS of $7.99, the most conservative earnings payout of the three. In 2025, operating cash flow of $27.343 billion easily covered $16.953 billion of capex and still left room for $7.5 billion in buybacks. Management’s plan calls for cash flow above $26 billion with Brent at $60, and gearing targeted around 15% at year-end. The stock trades at about 11 times trailing earnings and 9 times forward estimates. Chevron trades near 35 times trailing earnings and Exxon near 25.
Bull case: TotalEnergies runs the most diverse business of the three. It sold 43.9 Mt of LNG and produced 48.1 TWh of net electricity, while hydrocarbon production grew 4% to 2,529 kboe/d. In the full-year results, chief executive Patrick Pouyanné said the company “reaped the benefits of its integrated and balanced multi-energy strategy” in a year of falling oil prices. A $12.5 billion cash-savings plan running through 2030 gives the dividend another layer of support.
Risk: TotalEnergies sets its dividend in euros, so the dollar amount U.S. holders receive moves with exchange rates. The latest payment of $1.021 followed one of $0.969365. A stronger dollar can reduce the check even in a year when the euro dividend goes up.
One Risk All Three Share: A Price None of Them Sets
Every dividend on this list depends on oil and gas prices that these companies don’t control. Much of the recent jump in cash flow came from Brent at $104 a barrel, compared with $68 a year earlier. Part of that rise came from Middle East disruptions, which also shut in about 15% of TotalEnergies’ production at one point. Prices that spike during a conflict can fall just as fast once supply returns or OPEC+ changes its quotas.
The energy transition is the slower threat. Electrification and climate policy will weigh on long-term oil demand, and TotalEnergies already faces climate litigation in France, Belgium and the United States. Integration, low-cost barrels and cost cuts make these companies more resilient, but they still sell hydrocarbons. In a $60 oil world, retirees should expect slower dividend growth, and that is the price TotalEnergies plans its budget around.
Three Durable Payout Engines Built for the Long Haul
Exxon Mobil has the most protected payout of the trio, with a 43-year growth run and the cleanest balance sheet. Chevron pairs 39 straight raises with free cash flow that well tops its dividend. TotalEnergies pays the most income per dollar invested at the lowest valuation, with currency swings as the trade-off. Together, they show how the integrated model is designed to support dividends across oil cycles, with each segment cushioning the others when prices move. Building a ladder of payers like these is the whole idea behind our free guide to living off dividends without ever selling a share, which you can grab here.
Contact [email protected] for any questions or corrections.
On October 13, 2026, Chevron Corp (CVX) shares rose 1.3% to a current price of $217.73, continuing a strong performance within the 52-week range of $146.49 to $
Chevron (CVX - Free Report) ended the recent trading session at $217.99, demonstrating a +1.39% change from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.02%. At the same time, the Dow lost 0.35%, and the tech-heavy Nasdaq lost 0.15%.
The stock of oil company has risen by 1.33% in the past month, lagging the Oils-Energy sector's gain of 3.04% and the S&P 500's gain of 2.05%.
The investment community will be paying close attention to the earnings performance of Chevron in its upcoming release. The company is slated to reveal its earnings on October 30, 2026. In that report, analysts expect Chevron to post earnings of $4.73 per share. This would mark year-over-year growth of 155.68%. Simultaneously, our latest consensus estimate expects the revenue to be $58.88 billion, showing a 18.4% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $17.43 per share and a revenue of $238.48 billion, indicating changes of +139.09% and +26.16%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Chevron. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 5.59% higher. Right now, Chevron possesses a Zacks Rank of #1 (Strong Buy).
In the context of valuation, Chevron is at present trading with a Forward P/E ratio of 12.34. This signifies a premium in comparison to the average Forward P/E of 7.56 for its industry.
Investors should also note that CVX has a PEG ratio of 0.6 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.64 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 16, which puts it in the top 7% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Key Takeaways CVX is restoring production at Gulf platforms after curbing output ahead of Hurricane Isaias.Shell is redeploying offshore workers after reporting no storm damage at five key Gulf assets.U.S. Gulf producers had shut in 1.3 million barrels per day, or 63% of regional oil output, before the storm.
Chevron Corporation (CVX - Free Report) and Shell plc (SHEL - Free Report) are among the key companies resuming activities at the U.S. Gulf, with both companies reporting progress in returning workers to offshore platforms after Hurricane Isaias. Oil and gas producers in the U.S. Gulf are restoring offshore operations after the hurricane forced widespread production shutdowns and personnel evacuations. The recovery is significant for the U.S. energy market, given the Gulf's contribution to domestic oil and natural gas production and the region's concentration of offshore infrastructure and refining capacity.
Chevron Moves to Restore Full ProductionChevron, currently carrying a Zacks Rank #2 (Buy), is returning workers to its Gulf platforms and restoring full production after temporarily curbing output at five facilities ahead of the hurricane. The company had also initiated shutdown procedures at some of its operated offshore facilities as the storm approached while transporting non-essential personnel onshore as a precaution.
The recovery marks an important step toward normalizing Chevron's Gulf operations following the weather-related disruption. The company also reported that its Pascagoula, MS, plant remained operational and sustained no storm-related damage. Maintaining operations at this onshore facility is particularly relevant because disruptions across the Gulf Coast can affect both oil production and refining activity.
Shell Resumes Offshore Activities After Storm DisruptionsShell, currently flaunting a Zacks Rank #1 (Strong Buy), is also redeploying personnel to its offshore platforms as operations recover following Hurricane Isaias. Before the storm, the company had evacuated personnel and shut down production at its Mars, Olympus, Ursa, Vito and Appomattox assets. It had also moved non-essential personnel from its Stones asset.
Following the hurricane, Shell reported no storm damage to its Mars, Olympus, Ursa, Vito and Appomattox facilities. The absence of reported damage is encouraging for the company's recovery efforts, as it reduces concerns about physical infrastructure damage at these key offshore assets. The return of personnel should help Shell resume normal activities, although the pace of recovery remains dependent on operational and safety assessments.
BP Also Restarts Production Across Gulf PlatformsBP p.l.c. (BP - Free Report) is restarting production at its Na Kika and Thunder Horse platforms and returning non-essential personnel to its Argos, Atlantis and Mad Dog platforms. The company's actions, alongside those of Chevron and Shell, reflect the broader recovery underway across the U.S. Gulf's offshore energy industry.
Gulf Production Recovery Eases Supply ConcernsAhead of the hurricane, U.S. oil companies had shut in approximately 1.3 million barrels per day, representing 63% of total U.S. Gulf oil production. With Gulf Coast refineries operating at around 95% of total capacity, there was limited room to compensate for lost crude supplies. However, the anticipated pressure on the system appeared not to have materialized.
The resumption of production by Chevron, Shell and BP is therefore a positive development for regional supply stability. Still, the episode highlights the vulnerability of offshore energy operations to severe weather and the importance of preparedness, safe evacuations and efficient restarts. For Chevron and Shell, restoring production while confirming the condition of their offshore assets is central to returning operations to normal after the hurricane.
You can see the complete list of today’s Zacks #1 Rank stocks here.
NorthCrest Asset Manangement LLC boosted its position in shares of Chevron Corporation (NYSE:CVX – Free Report) by 3.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 153,070 shares of the oil and gas company’s stock after acquiring an additional 5,054 shares during the quarter. Chevron accounts for approximately 0.8% of NorthCrest Asset Manangement LLC’s investment portfolio, making the stock its 25th biggest position. NorthCrest Asset Manangement LLC’s holdings in Chevron were worth $32,382,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new position in Chevron in the second quarter valued at $25,663,729,000. Bank of New York Mellon Corp purchased a new stake in Chevron during the 2nd quarter worth about $2,378,114,000. Legal & General Group Plc acquired a new stake in Chevron in the 2nd quarter valued at about $1,462,412,000. Berkshire Hathaway Inc raised its position in Chevron by 6.6% in the 4th quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock valued at $19,837,131,000 after purchasing an additional 8,091,570 shares in the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of Chevron in the 2nd quarter valued at about $1,189,577,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.
Insider Activity at Chevron In other news, insider R. Pate sold 2,470 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $205.11, for a total value of $506,621.70. Following the completion of the transaction, the insider owned 10,794 shares in the company, valued at approximately $2,213,957.34. This represents a 18.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Andrew Walz sold 16,800 shares of Chevron stock in a transaction on Monday, August 17th. The stock was sold at an average price of $201.06, for a total transaction of $3,377,808.00. Following the sale, the insider owned 14 shares in the company, valued at $2,814.84. This represents a 99.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,152,582 shares of company stock worth $225,853,661 in the last ninety days. Company insiders own 0.56% of the company’s stock.
Chevron Trading Up 1.4% CVX opened at $214.89 on Tuesday. Chevron Corporation has a one year low of $146.49 and a one year high of $217.78. The company has a market cap of $424.57 billion, a P/E ratio of 20.60, a PEG ratio of 0.59 and a beta of 0.53. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. The business’s 50-day simple moving average is $204.94 and its 200-day simple moving average is $193.04. Chevron (NYSE:CVX – Get Free Report) last posted its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.55 by $0.51. The firm had revenue of $67.20 billion during the quarter, compared to analysts’ expectations of $62.72 billion. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The firm’s revenue was up 57.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.77 earnings per share. As a group, equities research analysts expect that Chevron Corporation will post 17.34 EPS for the current fiscal year.
Chevron Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were issued a dividend of $1.78 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $7.12 dividend on an annualized basis and a yield of 3.3%. Chevron’s dividend payout ratio (DPR) is presently 68.26%.
Analysts Set New Price Targets A number of brokerages have recently commented on CVX. Barclays lowered their price objective on Chevron from $216.00 to $208.00 and set an “equal weight” rating for the company in a research report on Monday, August 17th. Bank of America raised their target price on shares of Chevron from $210.00 to $227.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. HSBC set a $90.00 price target on shares of Chevron in a research note on Friday, September 25th. JPMorgan Chase & Co. boosted their price target on shares of Chevron from $190.00 to $222.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Finally, Raymond James Financial dropped their price objective on shares of Chevron from $230.00 to $225.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $213.08.
Get Our Latest Stock Analysis on CVX
More Chevron News Here are the key news stories impacting Chevron this week:
Positive Sentiment: Chevron was added to Zacks’ Rank #1 (Strong Buy) income-stocks list, reinforcing the appeal of its dividend and operating outlook. Best Income Stocks to Buy for October 13th Positive Sentiment: TD Cowen raised its Chevron price target from $215 to $225 while maintaining a Hold rating. The higher target reflects potential upside supported by production growth, cost savings and cash flow. Chevron Stock Gets Price Target Increase from TD Cowen Positive Sentiment: Chevron and Egypt are advancing discussions surrounding Cyprus’ Aphrodite gas field and pipeline, including commercial agreements, long-lead procurement and a potential final investment decision. Progress could create a longer-term international gas-growth catalyst. Chevron and Egypt Discuss Next Steps for Aphrodite Gas Pipeline Positive Sentiment: Analysts continue to cite Chevron’s strong cash flow, expanding production, cost reductions, Hess integration and upbeat 2026 earnings expectations. The stock has outperformed the broader energy industry over recent months. CVX Outpaces Industry in Past 6 Months Neutral Sentiment: Chevron’s planned January 2027 leadership changes will make Jeff Gustavson CFO and move current CFO Eimear Bonner to lead Oil, Products & Gas. The restructuring ties New Energies more closely to the core business, but execution risks remain. Chevron CFO Shake-Up Negative Sentiment: Hurricane-related shutdowns temporarily disrupted U.S. Gulf oil production, although Chevron and other major producers are restoring output. The interruption could weigh on near-term volumes and earnings. U.S. Gulf Oil Production Restored After Hurricane Negative Sentiment: Chevron’s CEO warned that restrictions on diesel and fuel exports could backfire, potentially tightening regional supply and creating unfavorable market distortions. Separately, the average reported price target of $213.08 is slightly below the stock’s opening price, suggesting limited consensus upside. Chevron CEO Warns Against Diesel and Fuel Export Decision Chevron Company Profile (Free Report)
Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.
The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.
Recommended Stories Five stocks we like better than Chevron Salesforce Just Got a Rare Double Upgrade—What Changed? OpenAI’s Revenue Scare Could Be a Big Opportunity for Investors China Still Dominates Rare Earths—These 3 U.S. Companies Could Benefit 3 REITs That May Win in a Higher Interest Rate Environment
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.
Vertrix Wealth Management LLC decreased its stake in shares of Chevron Corporation (NYSE:CVX – Free Report) by 9.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,332 shares of the oil and gas company’s stock after selling 2,365 shares during the period. Chevron accounts for 1.6% of Vertrix Wealth Management LLC’s portfolio, making the stock its 25th largest position. Vertrix Wealth Management LLC’s holdings in Chevron were worth $4,560,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Scott Capital Advisors LLC purchased a new stake in shares of Chevron during the 3rd quarter valued at about $636,000. Sacks & Associates LLC purchased a new position in Chevron in the 3rd quarter worth approximately $860,000. HF Advisory Group LLC purchased a new stake in shares of Chevron during the third quarter valued at approximately $238,000. Roan Capital Partners purchased a new stake in shares of Chevron during the third quarter valued at approximately $243,000. Finally, Dupree Financial Group LLC lifted its position in shares of Chevron by 2.9% during the third quarter. Dupree Financial Group LLC now owns 31,702 shares of the oil and gas company’s stock worth $6,474,000 after purchasing an additional 901 shares in the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.
Chevron Stock Up 1.4% Chevron stock opened at $214.89 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.25. Chevron Corporation has a one year low of $146.49 and a one year high of $217.78. The company has a 50-day simple moving average of $204.94 and a 200-day simple moving average of $193.04. The firm has a market capitalization of $424.57 billion, a P/E ratio of 20.60, a P/E/G ratio of 0.59 and a beta of 0.53.
Chevron (NYSE:CVX – Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The business had revenue of $67.20 billion during the quarter, compared to the consensus estimate of $62.72 billion. During the same period in the previous year, the firm posted $1.77 earnings per share. The business’s revenue was up 57.4% on a year-over-year basis. As a group, equities analysts expect that Chevron Corporation will post 17.34 earnings per share for the current year. Chevron Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were issued a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron’s dividend payout ratio is presently 68.26%.
Wall Street Analyst Weigh In A number of analysts have recently issued reports on CVX shares. Bank of America lifted their target price on Chevron from $210.00 to $227.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Wells Fargo & Company upped their price target on shares of Chevron from $226.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Wolfe Research raised shares of Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price objective for the company in a report on Thursday, July 2nd. TD Cowen boosted their target price on shares of Chevron from $215.00 to $225.00 and gave the stock a “hold” rating in a research report on Monday. Finally, The Goldman Sachs Group reduced their price target on shares of Chevron from $240.00 to $228.00 and set a “buy” rating on the stock in a research report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.08.
Check Out Our Latest Stock Report on CVX
Insider Buying and Selling at Chevron In other Chevron news, Director John B. Hess sold 710,665 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the sale, the director owned 363,711 shares in the company, valued at approximately $70,596,305.10. The trade was a 66.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider R. Pate sold 2,470 shares of Chevron stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total transaction of $506,621.70. Following the transaction, the insider owned 10,794 shares in the company, valued at approximately $2,213,957.34. The trade was a 18.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,152,582 shares of company stock worth $225,853,661. Company insiders own 0.56% of the company’s stock.
Key Headlines Impacting Chevron Here are the key news stories impacting Chevron this week:
Positive Sentiment: Chevron was added to Zacks’ Rank #1 (Strong Buy) income-stocks list, reinforcing the appeal of its dividend and operating outlook. Best Income Stocks to Buy for October 13th Positive Sentiment: TD Cowen raised its Chevron price target from $215 to $225 while maintaining a Hold rating. The higher target reflects potential upside supported by production growth, cost savings and cash flow. Chevron Stock Gets Price Target Increase from TD Cowen Positive Sentiment: Chevron and Egypt are advancing discussions surrounding Cyprus’ Aphrodite gas field and pipeline, including commercial agreements, long-lead procurement and a potential final investment decision. Progress could create a longer-term international gas-growth catalyst. Chevron and Egypt Discuss Next Steps for Aphrodite Gas Pipeline Positive Sentiment: Analysts continue to cite Chevron’s strong cash flow, expanding production, cost reductions, Hess integration and upbeat 2026 earnings expectations. The stock has outperformed the broader energy industry over recent months. CVX Outpaces Industry in Past 6 Months Neutral Sentiment: Chevron’s planned January 2027 leadership changes will make Jeff Gustavson CFO and move current CFO Eimear Bonner to lead Oil, Products & Gas. The restructuring ties New Energies more closely to the core business, but execution risks remain. Chevron CFO Shake-Up Negative Sentiment: Hurricane-related shutdowns temporarily disrupted U.S. Gulf oil production, although Chevron and other major producers are restoring output. The interruption could weigh on near-term volumes and earnings. U.S. Gulf Oil Production Restored After Hurricane Negative Sentiment: Chevron’s CEO warned that restrictions on diesel and fuel exports could backfire, potentially tightening regional supply and creating unfavorable market distortions. Separately, the average reported price target of $213.08 is slightly below the stock’s opening price, suggesting limited consensus upside. Chevron CEO Warns Against Diesel and Fuel Export Decision Chevron Profile (Free Report)
Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.
The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.
Featured Articles Five stocks we like better than Chevron Salesforce Just Got a Rare Double Upgrade—What Changed? OpenAI’s Revenue Scare Could Be a Big Opportunity for Investors China Still Dominates Rare Earths—These 3 U.S. Companies Could Benefit 3 REITs That May Win in a Higher Interest Rate Environment Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Corporation (NYSE:CVX – Free Report).
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.
Scott Capital Advisors LLC acquired a new stake in Chevron Corporation (NYSE:CVX – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,099 shares of the oil and gas company’s stock, valued at approximately $636,000.
A number of other institutional investors have also made changes to their positions in the company. Blue Capital Inc. bought a new stake in Chevron during the second quarter valued at $786,000. OneAscent Wealth Management LLC bought a new position in shares of Chevron during the second quarter worth about $973,000. Global Retirement Partners LLC acquired a new position in Chevron during the 2nd quarter valued at about $14,276,000. Ferguson Wellman Capital Management Inc. increased its stake in shares of Chevron by 0.6% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 911,718 shares of the oil and gas company’s stock valued at $186,182,000 after purchasing an additional 5,787 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in Chevron by 6.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,251,102 shares of the oil and gas company’s stock worth $258,853,000 after buying an additional 79,439 shares in the last quarter. 72.42% of the stock is owned by institutional investors and hedge funds.
Chevron News Roundup Here are the key news stories impacting Chevron this week:
Positive Sentiment: Chevron was added to Zacks’ Rank #1 (Strong Buy) income-stocks list, reinforcing the appeal of its dividend and operating outlook. Best Income Stocks to Buy for October 13th Positive Sentiment: TD Cowen raised its Chevron price target from $215 to $225 while maintaining a Hold rating. The higher target reflects potential upside supported by production growth, cost savings and cash flow. Chevron Stock Gets Price Target Increase from TD Cowen Positive Sentiment: Chevron and Egypt are advancing discussions surrounding Cyprus’ Aphrodite gas field and pipeline, including commercial agreements, long-lead procurement and a potential final investment decision. Progress could create a longer-term international gas-growth catalyst. Chevron and Egypt Discuss Next Steps for Aphrodite Gas Pipeline Positive Sentiment: Analysts continue to cite Chevron’s strong cash flow, expanding production, cost reductions, Hess integration and upbeat 2026 earnings expectations. The stock has outperformed the broader energy industry over recent months. CVX Outpaces Industry in Past 6 Months Neutral Sentiment: Chevron’s planned January 2027 leadership changes will make Jeff Gustavson CFO and move current CFO Eimear Bonner to lead Oil, Products & Gas. The restructuring ties New Energies more closely to the core business, but execution risks remain. Chevron CFO Shake-Up Negative Sentiment: Hurricane-related shutdowns temporarily disrupted U.S. Gulf oil production, although Chevron and other major producers are restoring output. The interruption could weigh on near-term volumes and earnings. U.S. Gulf Oil Production Restored After Hurricane Negative Sentiment: Chevron’s CEO warned that restrictions on diesel and fuel exports could backfire, potentially tightening regional supply and creating unfavorable market distortions. Separately, the average reported price target of $213.08 is slightly below the stock’s opening price, suggesting limited consensus upside. Chevron CEO Warns Against Diesel and Fuel Export Decision Insider Buying and Selling In other Chevron news, Director John Hess sold 710,665 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $194.10, for a total transaction of $137,940,076.50. Following the transaction, the director owned 363,711 shares in the company, valued at $70,596,305.10. This trade represents a 66.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael Wirth sold 317,100 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $200.46, for a total transaction of $63,565,866.00. Following the completion of the sale, the chief executive officer owned 26,308 shares of the company’s stock, valued at $5,273,701.68. The trade was a 92.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,152,582 shares of company stock worth $225,853,661. 0.56% of the stock is currently owned by company insiders. Analyst Ratings Changes A number of research firms recently commented on CVX. Dbs Bank upgraded shares of Chevron to a “moderate buy” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. lifted their target price on Chevron from $190.00 to $222.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Wells Fargo & Company raised their target price on shares of Chevron from $226.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Mizuho set a $234.00 target price on Chevron in a report on Monday. Finally, Zacks Research upgraded Chevron from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $213.08.
Read Our Latest Stock Report on Chevron
Chevron Price Performance NYSE CVX opened at $214.89 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $424.57 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 0.59 and a beta of 0.53. The company has a 50 day moving average price of $204.94 and a two-hundred day moving average price of $193.04. Chevron Corporation has a 12-month low of $146.49 and a 12-month high of $217.78.
Chevron (NYSE:CVX – Get Free Report) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. The business had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. Chevron had a net margin of 9.57% and a return on equity of 11.09%. Chevron’s revenue for the quarter was up 57.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.77 EPS. As a group, equities analysts predict that Chevron Corporation will post 17.34 earnings per share for the current fiscal year.
Chevron Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were paid a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is presently 68.26%.
About Chevron (Free Report)
Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.
The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.
Further Reading Five stocks we like better than Chevron Salesforce Just Got a Rare Double Upgrade—What Changed? OpenAI’s Revenue Scare Could Be a Big Opportunity for Investors China Still Dominates Rare Earths—These 3 U.S. Companies Could Benefit 3 REITs That May Win in a Higher Interest Rate Environment
Receive News & Ratings for Chevron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chevron and related companies with MarketBeat.com's FREE daily email newsletter.
Here are three stocks with buy rank and strong income characteristics for investors to consider today, October 13:
Diversified Energy Company (DEC - Free Report) : This energy company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 76.3% the last 60 days.
This Zacks Rank #1 company has a dividend yield of 8.4%, compared with the industry average of 0.0%.
Navient Corporation (NAVI - Free Report) : This education finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.3% the last 60 days.
This Zacks Rank #1 company has a dividend yield of 7.0%, compared with the industry average of 1.6%.
Chevron Corporation (CVX - Free Report) : This integrated energy and chemicals company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.2% in the last 60 days.
This Zacks Rank #1 company has a dividend yield of 1.8%, compared with the industry average of 0.0%.
See the full list of top ranked stocks here.
Find more top income stocks with some of our great premium screens.
