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CVX

Chevron Corporation

CVX

NYSE·Energy·Oil & Gas Integrated·Mkt cap $330.0B

$169.21

▲ +2.12%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$145.58 - $214.71

P/E

29.33

Fwd P/E

25.31

Beta

0.47

Div Yield

4.21%

Avg Vol

10.3M

Shares Out

2.0B

Mkt Cap

$330.0B

Price action

Price chart

Up 12.0% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

4 reasons

  • Global scale with integrated upstream-downstream operations spanning 180+ countries, enabling cost optimization and supply chain efficiency
  • Diversified asset portfolio including conventional oil, natural gas, LNG, and emerging renewable fuel capabilities, reducing dependence on single commodities
  • Established infrastructure, technological expertise, and operational excellence accumulated over 140+ years, creating barriers to entry for competitors
  • Strong cash generation and balance sheet supporting consistent dividend payments and capital investments in energy transition technologies
▼

Bear Case

2 risks

  • Low volatility (beta 0.5).
  • High premium - requires strong execution

Growth

Stable outlook

Global energy demand recovery and LNG market expansion

Value

High premium - requires strong execution

Momentum

Weak

-16.7% over 3m

Quality

Stable

Solid business

Dividend

Solid

4.21% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 24, 2026

“
Q2 26 RECAP

MAY 1, 2026

Reported EPS of $1.41 vs $1.00 consensus (+41.0% surprise). Revenue of $48.6B vs $51.9B expected (-6.3%).

EPS beat +41.0%
Revenue miss

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+41.0%

Next: Apr 24, 2026

Revenue trend · last 8Q

—

—

-1%

+2%

-10%

-2%

-5%

-0%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$49.6B

$48.9B

$48.3B

$47.6B

$44.4B

$48.2B

$45.8B

$47.6B

Margins · last 8Q

Gross

9.6%

Operating

6.8%

Profit

4.7%

View full earnings history →

Wall Street consensus

15 analysts · 73% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

11

73%

Hold

3

20%

Sell

1

7%

Median Price Target

$214.00

▲ +26.5% vs $169.21

Low $174.00
Median $214.00
High $230.00

Latest: Wolfe Research · Jul 2, 2026

8 analysts covering

View full analyst page →

vs Industry

How CVX stacks vs Oil & Gas Integrated

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.