Analysts Offer Predictions for Chevron FY2027 Earnings

Chevron Corporation (NYSE:CVX) – Analysts at Erste Group Bank increased their FY2027 earnings per share estimates for Chevron in a research note issued to investors on Tuesday, March 24th. Erste Group Bank analyst H. Engel now anticipates that the oil and gas company will post earnings of $9.73 per share for the year, up from their previous estimate of $9.09. The consensus estimate for Chevron’s current full-year earnings is $10.79 per share.

Chevron (NYSE:CVX) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.08. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The firm had revenue of $45.79 billion for the quarter, compared to analysts’ expectations of $48.18 billion. During the same quarter last year, the business earned $2.06 earnings per share. The business’s revenue was down 10.2% on a year-over-year basis.

A number of other research analysts also recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Chevron in a report on Wednesday, January 21st. Argus set a $203.00 price objective on Chevron in a report on Tuesday, February 3rd. Freedom Capital lowered Chevron from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Zacks Research raised Chevron from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 23rd. Finally, Wells Fargo & Company upped their target price on Chevron from $196.00 to $204.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. Fourteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Chevron has a consensus rating of “Hold” and a consensus target price of $186.50.

Chevron Trading Up 1.7%

Shares of CVX opened at $211.31 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $185.52 and a two-hundred day simple moving average of $165.14. The stock has a market capitalization of $421.64 billion, a P/E ratio of 31.73, a PEG ratio of 1.73 and a beta of 0.67. Chevron has a twelve month low of $132.04 and a twelve month high of $212.46.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 17th were paid a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Tuesday, February 17th. This is a boost from Chevron’s previous quarterly dividend of $1.71. Chevron’s dividend payout ratio (DPR) is 106.91%.

Insider Activity at Chevron

In other Chevron news, insider R. Hewitt Pate sold 47,200 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $192.12, for a total value of $9,068,064.00. Following the completion of the transaction, the insider owned 8,558 shares in the company, valued at approximately $1,644,162.96. This represents a 84.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $187.92, for a total value of $26,233,632.00. Following the completion of the transaction, the insider owned 11,337 shares of the company’s stock, valued at approximately $2,130,449.04. This trade represents a 92.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,099,397 shares of company stock valued at $196,196,468 over the last ninety days. Insiders own 0.21% of the company’s stock.

Institutional Trading of Chevron

A number of hedge funds and other institutional investors have recently modified their holdings of CVX. Core Wealth Advisors LLC purchased a new stake in Chevron in the fourth quarter worth about $26,000. Phillip James Consulting Co. bought a new stake in shares of Chevron in the 4th quarter worth approximately $26,000. Basso Capital Management L.P. bought a new stake in shares of Chevron in the 4th quarter worth approximately $27,000. Karpus Management Inc. purchased a new stake in shares of Chevron in the 4th quarter worth approximately $27,000. Finally, Quattro Advisors LLC purchased a new stake in shares of Chevron in the 4th quarter worth approximately $27,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Australian cyclone knocked out production at major LNG hubs, tightening global gas supply and supporting higher energy prices, a tailwind for Chevron’s commodity-linked cash flow. Cyclone Causes Outages at Australia’s Top LNG Projects
• Positive Sentiment: Morgan Stanley raised its price target to $212 and set an “overweight” rating, signaling buy-side support and helping push CVX higher. Benzinga: Morgan Stanley price target
• Positive Sentiment: Bernstein also lifted its price target on Chevron amid a stronger crude backdrop, reinforcing the narrative that majors benefit from the current oil rally. MSN: Bernstein price target raise
• Positive Sentiment: Erste Group raised FY2026/FY2027 EPS forecasts for Chevron, reflecting better-than-expected earnings power as oil prices stay elevated. MarketBeat: Erste Group EPS revisions
• Positive Sentiment: Market positioning has shifted to defensive, dividend-paying sectors; several market roundups note oil majors including CVX outperforming amid geopolitical risk. Seeking Alpha: Market shifts to defense
• Positive Sentiment: Multiple outlets and analysts praise Chevron’s low breakeven, high-quality asset base and dividend profile, which supports momentum and income-focused buying. Zacks: Chevron momentum
• Neutral Sentiment: Chevron reported production outages at its Australian Gorgon and Wheatstone facilities tied to the cyclone — positive for global price signals but a near-term hit to CVX production, leaving the net impact mixed. Reuters: Chevron outage
• Neutral Sentiment: Consensus brokerage coverage remains around “hold” even as some firms raise targets — suggests upside is recognized but some caution persists. AmericanBankingNews: Consensus hold
• Negative Sentiment: Political/insider optics: a U.S. Representative who publicly backed military action sold Chevron stock at all-time highs, drawing negative headlines and governance/PR risk. Benzinga: Congressman sold Chevron stock
• Negative Sentiment: Analyst commentary raises macro risk scenarios (e.g., high oil in $130–$140 range) that could hurt economic growth and introduce volatility—even if commodity-linked cash flows initially rise. Seeking Alpha: $130-$140 oil risks

About Chevron

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.