FY2026 EPS Estimates for Chevron Decreased by Analyst

Chevron Corporation (NYSE:CVX) – Research analysts at Erste Group Bank cut their FY2026 earnings per share estimates for shares of Chevron in a research note issued on Wednesday, July 15th. Erste Group Bank analyst H. Engel now expects that the oil and gas company will post earnings per share of $14.38 for the year, down from their prior estimate of $14.71. The consensus estimate for Chevron’s current full-year earnings is $14.78 per share. Erste Group Bank also issued estimates for Chevron’s FY2027 earnings at $12.44 EPS.

Chevron (NYSE:CVX) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.41. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The firm had revenue of $47.56 billion during the quarter, compared to analysts’ expectations of $51.86 billion. During the same quarter in the prior year, the business earned $2.18 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis.

CVX has been the subject of several other reports. Tudor Pickering raised shares of Chevron from a “hold” rating to a “buy” rating and set a $225.00 price objective for the company in a report on Thursday, April 9th. Scotiabank lifted their target price on shares of Chevron from $168.00 to $187.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Zacks Research lowered shares of Chevron from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Jefferies Financial Group restated a “buy” rating and set a $216.00 price target on shares of Chevron in a report on Friday, July 10th. Finally, UBS Group reaffirmed a “buy” rating on shares of Chevron in a research report on Tuesday, June 23rd. Nineteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Chevron has a consensus rating of “Moderate Buy” and an average price target of $206.83.

Chevron Trading Up 0.0%

NYSE:CVX opened at $187.39 on Monday. Chevron has a 12 month low of $146.49 and a 12 month high of $214.71. The firm has a market cap of $373.21 billion, a price-to-earnings ratio of 32.48, a P/E/G ratio of 0.66 and a beta of 0.50. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $181.54 and its 200-day moving average is $182.66.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th were paid a dividend of $1.78 per share. The ex-dividend date was Tuesday, May 19th. This represents a $7.12 dividend on an annualized basis and a yield of 3.8%. Chevron’s payout ratio is currently 123.40%.

Insiders Place Their Bets

In other Chevron news, Director John B. Hess sold 380,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total value of $73,416,000.00. Following the sale, the director owned 278,045 shares of the company’s stock, valued at $53,718,294. The trade was a 57.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.56% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chevron

A number of hedge funds and other institutional investors have recently made changes to their positions in CVX. Dakota Wealth Management grew its holdings in Chevron by 14.9% during the 4th quarter. Dakota Wealth Management now owns 83,265 shares of the oil and gas company’s stock worth $12,690,000 after acquiring an additional 10,822 shares during the last quarter. Clear Trail Advisors LLC bought a new position in shares of Chevron during the fourth quarter valued at $10,167,000. Curtis Advisory Group LLC acquired a new position in shares of Chevron during the fourth quarter worth $1,381,000. Indivisible Partners acquired a new position in shares of Chevron during the fourth quarter worth $1,923,000. Finally, Cypress Wealth Services LLC grew its stake in shares of Chevron by 64.0% in the fourth quarter. Cypress Wealth Services LLC now owns 16,591 shares of the oil and gas company’s stock worth $2,529,000 after purchasing an additional 6,475 shares during the last quarter. 72.42% of the stock is owned by institutional investors.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron is expected to sign accords with Iraq to advance investments in major oil fields, including West Qurna 2 and Nassiriya, which could expand long-term production opportunities. Reuters article on Iraq oilfield MOUs
• Positive Sentiment: Reports that Chevron is exploring a pipeline alternative to the Strait of Hormuz suggest a potential way to boost Iraqi export capacity and lower shipping disruption risk, which investors may view as strategically important. The Motley Fool article on Hormuz bypass pipeline
• Positive Sentiment: Chevron is being highlighted as a relatively attractive long-term energy stock versus TotalEnergies because of its premium assets, strong balance sheet, and steadier earnings outlook. Yahoo Finance article comparing CVX and TTE
• Neutral Sentiment: Some commentary says Chevron stock looks closer to fairly valued after a strong five-year run, which may limit upside for investors expecting a clear bargain. Yahoo Finance article on valuation
• Neutral Sentiment: Chevron also benefited from broader energy-sector gains, with the sector rising even as the wider market was mixed. Yahoo Finance sector update

Chevron Company Profile

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.