151.90 -0.44 -0.29%
Official Close 3/17/2023 NYSE

Is Chevron stock a Buy, Sell or Hold? Chevron stock has received a consensus rating of buy. The average rating score is Aa2 and is based on 54 buy ratings, 25 hold ratings, and 3 sell ratings.
What was the 52-week low for Chevron stock? The low in the last 52 weeks of Chevron stock was 132.54. According to the current price, Chevron is 114.94% away from the 52-week low.
What was the 52-week high for Chevron stock? The high in the last 52 weeks of Chevron stock was 189.67. According to the current price, Chevron is 80.32% away from the 52-week high.
What are analysts forecasts for Chevron stock? The 82 analysts offering price forecasts for Chevron have a median target of 164.11, with a high estimate of 215.00 and a low estimate of 107.00. The median estimate represents a 92.83 difference from the last price of 152.34.

Chevron Stock Snapshot

151.74
Bid
3,100.00
Bid Size
151.75
Ask
15,700.00
Ask Size
3/17/2023
Date
4:15 PM
Time
21.60 M
Volume
154.29
Prev. Close
153.86
Open
293.38 B
Market Cap
1.91 B
Number of Shares
150.60
Day Low
155.31
Day High
152.34
132.54
52 Week Low
189.67
52 Week High
152.34
6.04
Dividend
3.74
Dividend Yield
9.45
P/E Ratio
99.94
Free Float in %
15.44
EPS 2023
87.08
Book Value per Share
23.63
Cash Flow per Share

Chevron Historical Prices

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Chevron Analyst Data

Total Analysts: 82
Buy Ratings: 54 Neutral Ratings: 25 Sell Ratings: 3
Analyst: {{ANALYST_DATA}}
Price-Target: {{PRICE_DATA}}
Rating: {{RATING_DATA}}
Price *Price Target
Lowest: 107.00 Median: 164.11 Highest: 215.00
*The average price target includes all analyst analysis, not just the most recent analysis presented in the chart.

Chevron Analyst Opinions

03/17/23 Mizuho
Maintained Hold $206
03/02/23 Wells Fargo & Co
Maintained Buy $199
02/24/23 Cowen and Company, LLC
Maintained Buy $170
01/30/23 Morgan Stanley
Maintained Hold $195
01/30/23 Raymond James Financial, Inc.
Maintained Buy $212
01/24/23 Morgan Stanley
Maintained Hold $197
01/10/23 Wells Fargo & Co
Maintained Buy $202
01/10/23 Mizuho
Downgraded to Hold $200
01/03/23 Barclays Capital
Maintained Buy $212
12/19/22 Piper Sandler
Maintained Buy $199
12/14/22 Exane BNP Paribas
Downgraded to Sell
11/11/22 Piper Sandler
Maintained Buy $206
10/31/22 Cowen and Company, LLC
Maintained Buy $185
10/31/22 Raymond James Financial, Inc.
Maintained Buy $215
10/24/22 HSBC
Downgraded to Sell $177
10/20/22 Raymond James Financial, Inc.
Maintained Buy $188
10/19/22 Morgan Stanley
Maintained Hold $196
09/12/22 Piper Sandler
Maintained Buy $190
09/06/22 Morgan Stanley
Maintained Hold $193
08/29/22 Morgan Stanley
Maintained Hold $187
08/15/22 Cowen and Company, LLC
Maintained Buy $120
08/11/22 Credit Suisse
Maintained Buy $202
08/01/22 Bank of America Merrill Lynch
Maintained Buy $180
08/01/22 Wells Fargo & Co
Maintained Buy $185
08/01/22 Raymond James Financial, Inc.
Maintained Buy $185
07/20/22 HSBC
Upgraded to Buy $167
07/19/22 Bank of America Merrill Lynch
Maintained Buy $178
07/19/22 Morgan Stanley
Maintained Hold $190
07/19/22 Piper Sandler
Maintained Buy $189
07/13/22 Citigroup Corp.
Maintained Hold $150
07/01/22 Cowen and Company, LLC
Maintained Buy $160
06/09/22 Credit Suisse
Maintained Buy $202
06/08/22 Goldman Sachs
Maintained Hold $181
06/07/22 Cowen and Company, LLC
Maintained Buy $179
06/06/22 Morgan Stanley
Maintained Hold $185
05/31/22 Barclays Capital
Maintained Buy $196
05/19/22 Citigroup Corp.
Maintained Hold $170
05/02/22 Credit Suisse
Maintained Buy $190
05/02/22 Wells Fargo & Co
Maintained Buy $181
05/02/22 Raymond James Financial, Inc.
Maintained Buy $181
04/22/22 Morgan Stanley
Maintained Hold $188
04/21/22 RBC Capital Markets
Downgraded to Hold $165
04/18/22 Raymond James Financial, Inc.
Maintained Buy $191
04/05/22 UBS
Maintained Buy $192
03/14/22 Morgan Stanley
Downgraded to Hold $166
03/11/22 Wells Fargo & Co
Maintained Buy $184
03/11/22 J.P. Morgan
Downgraded to Sell $169
03/02/22 J.P. Morgan
Maintained Hold $140
03/02/22 Citigroup Corp.
Maintained Hold $145
03/02/22 RBC Capital Markets
Maintained Buy $160

Chevron Estimates* in USD

  2023 2024 2025 2026 2027
Revenue 211,272 212,591 191,766 189,472 188,110
Dividend 6.04 6.36 6.74 6.97 -
Dividend Yield (in %) 3.74 % 3.93 % 4.17 % 4.32 % -
EPS 15.44 14.79 14.60 14.72 11.97
P/E Ratio 9.94 10.38 10.51 10.42 12.83
EBIT 38,831 34,999 32,439 32,438 32,849
EBITDA 58,072 55,186 54,681 49,620 46,359
Net Profit 28,702 26,720 24,938 22,148 20,271
Net Profit Adjusted 28,800 26,530 24,386 21,237 17,117
Pre-Tax Profit 38,645 34,753 31,849 32,222 32,645
Net Profit (Adjusted) 37,468 34,760 33,798 - -
EPS (Non-GAAP) ex. SOE 15.44 14.79 14.60 14.72 11.97
EPS (GAAP) 15.05 14.44 14.72 12.56 11.97
Gross Income 90,553 97,248 - - -
Cash Flow from Investing -13,503 -13,714 -13,745 -13,454 -14,504
Cash Flow from Operations 45,251 43,693 42,016 38,956 37,746
Cash Flow from Financing -27,537 -26,403 -26,940 -22,285 -16,598
Cash Flow per Share 23.63 24.20 24.48 22.39 22.37
Free Cash Flow 30,202 28,281 28,539 17,438 -
Free Cash Flow per Share 15.40 15.69 18.12 - -
Book Value per Share 87.08 90.34 93.16 97.61 -
Net Debt 2,680 741 -2,018 -19,479 -
Research & Development Exp. - - - - -
Capital Expenditure 13,942 14,643 14,944 14,239 14,042
Selling, General & Admin. Exp. 0 0 - - -
Shareholder’s Equity 161,002 163,027 167,064 146,971 135,409
Total Assets 259,622 262,349 283,541 300,293 311,518
  Previous Quarter
ending 12/31/22
Current Quarter
ending 03/31/23
Next Quarter
ending 06/30/23
Current Year
ending 12/31/23
Next Year
ending 12/31/24
Earnings Estimates
No. of Analysts 24 21 21 27 25
Average Estimate 4.329 USD 3.583 USD 3.755 USD 15.439 USD 14.787 USD
Year Ago 2.560 USD 3.360 USD 5.820 USD 18.830 USD 15.439 USD
Publish Date 1/27/2023 4/28/2023 7/28/2023 - -
Revenue Estimates
No. of Analysts 8 8 8 13 12
Average Estimate 52,675 USD 50,187 USD 51,581 USD 211,272 USD 212,591 USD
Year Ago 48,129 USD 54,373 USD 68,762 USD 246,252 USD 211,272 USD
Publish Date 1/27/2023 4/28/2023 7/28/2023 - -
* Average Estimates in Million (e.g. Revenue) or per share (e.g. Dividend). Source: FactSet

Chevron Insider Activity

Name Date shares traded shares held Price type (sell/buy) option
Moyo Dambisa F 02/12/2023 56.00 12,483.00 n/a Sell No
MORRIS RHONDA J 02/06/2023 19,666.00 3,967.00 170.00 Sell No
MORRIS RHONDA J 02/06/2023 19,666.00 23,633.00 88.20 Buy No
NELSON MARK A 01/30/2023 4,773.00 8,507.00 174.02 Sell No
Pate R. Hewitt 01/30/2023 6,936.00 5,900.00 174.02 Sell No
Wirth Michael K 01/30/2023 31,383.00 23,730.00 174.02 Sell No
BONNER EIMEAR P 01/30/2023 1,404.00 4,440.00 174.02 Sell No
INCHAUSTI DAVID A 01/30/2023 872.00 2,220.00 174.02 Sell No
Breber Pierre R 01/30/2023 9,120.00 5,908.00 174.02 Sell No
HEARNE ANDREW NIGEL 01/30/2023 12,579.00 7,700.00 174.02 Sell No
HEARNE ANDREW NIGEL 01/30/2023 2,668.00 7,700.00 174.02 Sell No
MORRIS RHONDA J 01/30/2023 3,323.00 3,967.00 174.02 Sell No
GUSTAVSON JEFF B 01/30/2023 2,038.00 1,718.00 174.02 Sell No
JOHNSON JAMES WILLIAM 01/30/2023 11,838.00 n/a 174.02 Sell No
NELSON MARK A 01/30/2023 4,773.00 13,280.00 n/a Buy No
Pate R. Hewitt 01/30/2023 6,936.00 12,836.00 n/a Buy No
Wirth Michael K 01/30/2023 31,383.00 55,113.00 n/a Buy No
BONNER EIMEAR P 01/30/2023 1,404.00 5,844.00 n/a Buy No
INCHAUSTI DAVID A 01/30/2023 872.00 3,092.00 n/a Buy No
Breber Pierre R 01/30/2023 9,120.00 15,028.00 n/a Buy No
HEARNE ANDREW NIGEL 01/30/2023 12,579.00 20,279.00 n/a Buy No
HEARNE ANDREW NIGEL 01/30/2023 2,668.00 10,368.00 n/a Buy No
MORRIS RHONDA J 01/30/2023 3,323.00 7,290.00 n/a Buy No
GUSTAVSON JEFF B 01/30/2023 2,038.00 3,756.00 n/a Buy No
JOHNSON JAMES WILLIAM 01/30/2023 11,838.00 11,838.00 n/a Buy No

Chevron Dividend Calendar

Date Name Dividend *yield Currency
2022 Chevron Corp. 5.68 3.16 USD
2021 Chevron Corp. 5.31 4.52 USD
2020 Chevron Corp. 5.16 6.11 USD
2019 Chevron Corp. 4.76 3.95 USD
2018 Chevron Corp. 4.48 4.12 USD
2017 Chevron Corp. 4.32 3.45 USD
2016 Chevron Corp. 4.29 3.64 USD
2015 Chevron Corp. 4.28 4.76 USD
2014 Chevron Corp. 4.21 3.75 USD
2013 Chevron Corp. 3.90 3.12 USD
2012 Chevron Corp. 3.51 3.25 USD
2011 Chevron Corp. 3.09 2.90 USD
2010 Chevron Corp. 2.84 3.11 USD
2009 Chevron Corp. 2.66 3.45 USD
2008 Chevron Corp. 2.53 3.42 USD
2007 Chevron Corp. 2.26 2.42 USD
2006 Chevron Corp. 2.01 2.73 USD
2005 Chevron Corp. 1.75 3.08 USD
2004 Chevron Corp. 1.53 2.91 USD
2003 Chevron Corp. 1.43 3.31 USD
2002 Chevron Corp. 1.40 4.21 USD
2001 Chevron Corp. 1.33 2.97 USD
2000 Chevron Corp. 1.30 3.08 USD
1999 Chevron Corp. 1.24 2.86 USD
*Yield of the Respective Date

Chevron Corp. Calendar

Event Estimate Info Date
Earnings Report 3.583 USD Q1 2023 Earnings Release 04/28/2023
Earnings Report 3.755 USD Q2 2023 Earnings Release 07/28/2023
Earnings Report - Q3 2023 Earnings Release 11/03/2023
Earnings Report - Q4 2023 Earnings Release 02/02/2024

Chevron Corp. Past Events

Event Actual EPS Info Date
Earnings Report 4.090 USD Q4 2022 Earnings Release 01/27/2023
Shareholders' Meeting - - 05/25/2022

Chevron Profile

Chevron Corp. engages in the provision of administrative, financial management, and technology support for energy and chemical operations. It operates through the Upstream and Downstream segments. The Upstream segment consists of the exploration, development, and production of crude oil and natural gas, the liquefaction, transportation, and regasification associated with liquefied natural gas, the transporting of crude oil by major international oil export pipelines, the processing, transporting, storage, and marketing of natural gas, and a gas-to-liquids plant. The Downstream segment consists of the refining of crude oil into petroleum products, the marketing of crude oil and refined products, the transporting of crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car, and the manufacturing and marketing of commodity petrochemicals and plastics for industrial uses and fuel & lubricant additives. The company was founded in 1906 and is headquartered in San Ramon, CA.

Chevron Stock Price History by Markets Insider

Chevron Corp.’s history began around the turn of the 19th and 20th century, when energy needs were on the rise and petroleum companies fueled the economy. It was still a long time before Chevron Corporation, as we know it today, came into being. At the beginning, there was Pacific Oil Co., one of many oil companies of the time, incorporated in 1879 and merging with another predecessor of Chevron, namely the Standard Oil Company, (California) in 1906. Due to issues with competition law, the federal government broke apart Standard Oil Company in 1911. This resulted in the emergence of several successor companies. Among others, Standard Oil Co. (California) was created, which would become Standard Oil Company of California (Socal) in 1926 and eventually Chevron. (read more)

The name “Chevron” had been used by the company as a popular brand since the 1930s. On March 5th, 1984, Socal took over Gulf Oil Corp. in a merger worth $13.3 billion. The legal name “Chevron Corporation” was born. The company became the largest refiner of the United States and dominated the market of gas liquids. By the end of 1984, Chevron stock price closed, adjusted for splits, at $7.81. The merger had positive effects on the business and CVX stock price was on the rise. On December 31st, 1986, Chevron stock price closed at $11.34, thus increasing by 45.20% year-over-year.

Chevron stock price continued to climb and peaked at $20.00 on August 20th, 1990. However, oversupply and recession brought bearish markets for the oil industry. Chevron stock price tumbled to $15.25 on March 2nd, 1992. Chevron overcame these difficulties by launching more and more international projects, seizing oil extraction opportunities in Kazakhstan, Nigeria, Angola, and the North Sea. Production amounting up to more than 1 million barrels a day, Chevron’s earnings reached an all-time high of $2.6 billion in 1996. In the 2000s, however, the company had to turn to more remote oil fields because extraction of oil became more and more difficult. Between 2002 and 2007, earnings were nearly $72 billion, but the company had to invest almost the same amount. The impressive success rate of 42% for exploration wells between 2002 and 2007 could not be matched by any of Chevron’s competitors.

Mergers and acquisitions have been an important factor throughout the company’s history. On October 9th, 2001, the $45 billion merger between Chevron and Texaco was approved, forming the ChevronTexaco Corp. The new company’s refining capacity of 2.4 million barrels per day and reserves of more than 11 billion barrels of oil made it the second largest U.S.-based energy company. It is since that time that Chevron’s stock began being traded under the ticker symbol “CVX” at NYSE, the old “CHV” stocks being exchanged 1:1.

The year 2005 brought not only the acquisition of Unocal Corp. for $18.4 billion on August 10th, 2005, but also a name change. The company has been bearing the name of Chevron Corporation ever since. This merger reinforced Chevron’s market position. Upon the end of trading on the day of the merger, CVX stock was worth $62.48. In subsequent years, Chevron stock price has been through the roof.

Chevron joined the Dow Jones Industrial Average in 2008. It was the first change to the blue-chip stock index in almost four years.

Today, Chevron is among the leaders in its peer group, although 2016 ended on a net loss of $431 million, while revenues amounted to $110.2 billion. However, the dividend of $4.29 in 2016 and a recent surge in Chevron stock price are positive indicators for analysts. Chevron stock price rocketed by 37.6% within two years, climbing from $87.28 on December 7th, 2015, to $119.63 on December 7th, 2017. Future energy demand will be much higher than today’s. Therefore, Chevron stock remains a highly interesting investment opportunity of energy stocks.

Moody’s Daily Credit Risk Score

Risk
  • Low
  • Medium
  • High
3
Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’s balance sheet and inputs from the stock market. The score provides a forward-looking, one-year measure of credit risk, allowing investors to make better decisions and streamline their work ow. Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure.

Chevron Shareholder

Owner in %
Freefloat 99.94
Berkshire Hathaway, Inc. 8.55
Vanguard Group, Inc. (Subfiler) 7.95
State Street Corp. 6.70
BlackRock Fund Advisors 2.88
Vanguard Total Stock Market Index Fund 2.81
SPDR Series - Energy Select Sector SPDR Fund 2.41
Vanguard 500 Index Fund 2.17
BlackRock Institutional Trust Co. NA 2.12
Geode Capital Management LLC 1.72
Capital Research & Management Co. (International Investors) 1.14
Fidelity 500 Index Fund 1.02
SPDR S&P 500 ETF Trust 1.01
Morgan Stanley Smith Barney LLC 0.95
Norges Bank (13F) 0.89
Shareholder percentage totals can add to more than 100% because some holders are included in the free float.

Chevron Management

Name Job
Michael K. Wirth Chairman & Chief Executive Officer
David A. Inchausti Chief Accounting Officer
Josetta Jones Chief Diversity & Inclusion Officer
Pierre R. Breber Chief Financial Officer & Vice President
Rhonda J. Morris Chief Human Resources Officer & Vice President
Eimear Bonner Chief Technology Officer & Vice President
Cynthia J. Warner Director
Joseph C. Geagea Executive Vice President
Nigel Hearne Executive Vice President-Oil, Products & Gas
James William Johnson Executive Vice President-Upstream Division
Roderick Green General Manager-Investor Relations
Debra L. Reed-Klages Independent Director
Jon Meade Huntsman Independent Director
Donald James Umpleby Independent Director
Enrique Hernandez Independent Director
Charles Wick Moorman Independent Director
John B. Frank Independent Director
Ronald D. Sugar Independent Director
Alice P. Gast Independent Director
Dambisa F. Moyo Independent Director
Marillyn A. Hewson Independent Director
Wanda M. Austin Lead Independent Director
Bruce L Niemeyer President, Americas Exploration & Production
Brant Thomas Fish President-Downstream & Chemicals
Clay Neff President-International Exploration & Production
Kevin E. Lucke President-Renewable Fuels & REG Business Unit
Mary A. Francis Secretary & Chief Governance Officer
Navin Mahajan Treasurer & Vice President
Mark A. Nelson Vice Chairman, EVP-Strategy, Policy & Development
Alana K. Knowles Vice President & Controller
R. Hewitt Pate Vice President & General Counsel
Paul Antebi Vice President & General Tax Counsel
Al Williams Vice President-Corporate Affairs
Chris E. Jablonski Vice President-Downstream, Technology & Services
Marissa Badenhorst Vice President-Healthy, Safety & Environment
Jim Gable Vice President-Innovation
Jeff B. Gustavson Vice President-Lower Carbon Energies
Colin E. Parfitt Vice President-Midstream
Balaji Krishnamurthy Vice President-Strategy & Sustainability