| title,source,date,link,content
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| How Is Chevron |
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| Companies worth $200 billion or more are generally described as “mega-cap stocks,” and CVX definitely fits that description, with its market cap exceeding this threshold, reflecting its substantial size, influence, and dominance in the integrated oil & gas industry. One of CVX |
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| More News from Barchart |
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| Despite its notable strength, CVX slipped 4.9% from its 52-week high of $168.96, achieved on Mar. 26. Over the past three months, CVX stock gained 16.5%, outperforming the SPDR S&P Oil & Gas Exploration & Production ETF’s (XOP) 9.8% gains during the same time frame. |
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| www.barchart.com |
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| In the longer term, shares of CVX rose 10.9% on a YTD basis and climbed 10% over the past 52 weeks, outperforming XOP’s YTD marginal gains and 3.4% drop over the last year. |
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| To confirm the bullish trend, CVX has been trading above its 50-day moving average since early June. The stock is trading above its 200-day moving average since early July, with slight fluctuations. |
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| www.barchart.com |
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| Chevron |
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| On Aug. 1, CVX shares closed up more than 1% after reporting its Q2 results. Its adjusted EPS of $1.77 beat Wall Street expectations of $1.70. The company’s revenue was $44.8 billion, missing Wall Street forecasts of $47.1 billion. |
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| In the competitive arena of integrated oil & gas, Exxon Mobil Corporation (XOM) has lagged behind CVX, with a 6.3% uptick on a YTD basis and 1.9% losses over the past 52 weeks."
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| Is Chevron (CVX) Stock Overvalued Despite its 4.4% Dividend Yield?,TIKR.com,"Jun 18, 2025",https://www.tikr.com/blog/chevron-nyse-cvx-pays-you-a-4-dividend-yield-but-energy-stock-a-buy-now,"Key Takeaways: |
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| Analysts and the 2-Minute Valuation Model alike value Chevron stock at $163 per share in 2 years. |
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| That’s a surprisingly low potential 9% upside from today’s price of $148 per share. |
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| The energy stock is projected to grow EPS by 16% over the next 3 years. |
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| Unlock our Free Report: 5 stock screeners inspired by top investors like Warren Buffett to help you find high-upside stock ideas (Sign up for TIKR, it’s free) >>> |
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| Chevron Corporation (CVX) is one of the world’s largest integrated energy companies, with operations spanning virtually every facet of the energy industry, from upstream exploration to downstream refining and petrochemicals. |
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| With a proven track record of 38 consecutive years of dividend growth and industry-leading financial discipline, Chevron has built what CEO Mike Wirth calls “the most resilient upstream portfolio” in the industry. |
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| The company recently delivered a strong Q1 performance while advancing major project start-ups, including the world-class TCO ramp in Kazakhstan and first oil at Ballymore in the Gulf of Mexico. |
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| Chevron’s commitment to capital discipline is evident in its $2 billion reduction in capital expenditures (CapEx) for 2025 and its target of $2-3 billion in structural cost savings by next year. |
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| With CVX stock now trading around $149 per share, Chevron may offer steady income and resilience, but the stock could already be fully valued with analysts only seeing about 9% upside over the next 18 months. |
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| Let’s examine if Chevron looks attractive using our 2-Minute Valuation Model. |
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| Find the best stocks to buy today with TIKR. (It’s free) >>> |
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| What is the 2-Minute Valuation Model? |
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| Three core factors drive a stock’s long-term value: |
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| Revenue Growth: How big the business becomes. Margins: How much the business earns in profit. Multiple: How much investors are willing to pay for a business’s earnings. |
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| Our 2-Minute Valuation Model uses a simple formula to value stocks: |
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| Expected Normalized EPS * Forward P/E ratio = Expected Share Price |
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| Revenue growth and margins drive a company’s long-term normalized earnings-per-share (EPS), and investors can use a stock’s long-term average P/E multiple to get an idea of how the market values a company. |
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| Does Chevron Stock Look Undervalued? |
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| Forecast |
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| Based on analyst estimates, Chevron is expected to achieve steady earnings-per-share growth over the next three years despite near-term volatility. |
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| EPS is projected to grow from $10.05 in 2024 to $11.65 by 2027, representing a 16% total increase with steady recovery momentum. |
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| Chevron Earnings Growth Estimates (TIKR) |
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| This earnings growth for Chevron stock is likely to be driven by: |
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| Major Project Start-ups: TCO reached nameplate capacity in just 30 days, significantly ahead of plan, with expected cash distributions to increase, including a $1 billion loan repayment in Q3. |
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| TCO reached nameplate capacity in just 30 days, significantly ahead of plan, with expected cash distributions to increase, including a $1 billion loan repayment in Q3. Gulf of Mexico Excellence: Ballymore achieved first oil with some of the most prolific wells ever seen (25,000 barrels per day per well), targeting 300,000 barrels per day by 2026. |
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| Ballymore achieved first oil with some of the most prolific wells ever seen (25,000 barrels per day per well), targeting 300,000 barrels per day by 2026. Structural Cost Savings: $2-3 billion in targeted cost reductions by the end of 2026, improving margins and cash flow resilience. |
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| $2-3 billion in targeted cost reductions by the end of 2026, improving margins and cash flow resilience. Capital Efficiency: 2025 CapEx reduced by $2 billion with two-thirds of capital in flexible short-cycle assets, providing operational leverage. |
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| For our valuation, we estimate that the energy stock will reach $11.50 in EPS by 2027. |
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| Check out Chevron’s full analyst estimates (It’s free) >>> |
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| Is CVX Stock Undervalued Right Now? |
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| Chevron stock trades at around 19x forward earnings, which is above its three-year average P/E of 12x, as shown in the valuation chart. |
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| Given the company’s industry-leading breakevens, proven cycle management, and expected $9 billion in incremental free cash flow by 2026, a forward P/E multiple of 13x appears reasonable for our conservative valuation, accounting for current commodity price uncertainty. |
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| Chevron P/E Valuation Chart (TIKR) |
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| Fair Value of CVX Stock |
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| Using our 2-Minute Valuation Model and applying a conservative approach: |
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| Conservative 2027 EPS estimate: $11.50 |
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| Conservative forward P/E multiple: 13x |
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| Expected dividends over the next 2 years: $14 |
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| Expected Normalized EPS ($11.50) * Forward P/E ratio (13x) + Expected Dividends ($14) = Expected Share Price ($163) |
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| The 2-year expected CVX stock price we would get from this valuation is $163 per share. |
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| With Chevron stock currently trading at around $149 per share, this implies a potential upside of 9.4% over the next two years or a 4.6% annualized return. |
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| Chevron Annual Return Rate Calculator (TIKR) |
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| Given that Chevron already trades at a lofty multiple, it might underperform the broader markets over the next two years. However, it remains a solid investment for those seeking a steady stream of passive income. |
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| Remember, this is just a valuation exercise, and we don’t know for sure what the stock’s price will be in the future. |
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| What is the Average Analyst Price Target for Chevron Stock? |
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| Analysts maintain a cautiously optimistic outlook on Chevron’s prospects. The consensus CVX stock target price is approximately $163 per share, indicating analysts see about 10% upside from current levels. |
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| CVX Stock Price Target (TIKR) |
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| Risks to Consider |
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| Despite the bullish outlook, investors should be aware of several risks that could impact Chevron’s growth trajectory: |
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| Commodity Price Volatility: Oil and gas prices have a significant impact on revenues and profitability, with current OPEC+ dynamics and geopolitical tensions creating considerable uncertainty. |
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| Oil and gas prices have a significant impact on revenues and profitability, with current OPEC+ dynamics and geopolitical tensions creating considerable uncertainty. Geopolitical Risks: Operations in Venezuela face challenges related to sanctions, while operations in Kazakhstan require ongoing management of government relationships. |
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| Operations in Venezuela face challenges related to sanctions, while operations in Kazakhstan require ongoing management of government relationships. Capital Allocation Pressure: Maintaining a $10-20 billion annual buyback guidance may put pressure on the balance sheet in sustained low-price environments. |
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| Maintaining a $10-20 billion annual buyback guidance may put pressure on the balance sheet in sustained low-price environments. Transition Risks: Long-term energy transition could impact demand for traditional oil and gas products. |
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| TIKR Takeaway |
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| Chevron is a high-quality business known for income growth, operational excellence, and financial resilience, but with limited upside at current prices, the stock may be overvalued. |
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| The business could see additional benefits from industry-leading project execution, proven cycle management capabilities, structural cost reduction programs, and a disciplined capital allocation framework. |
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| While commodity markets create near-term volatility, Chevron’s transformation into lower-decline assets, a flexible capital structure, and a proven ability to generate strong returns through cycles provides investment stability. |
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| CEO Mike Wirth’s emphasis on maintaining the industry’s lowest upstream breakevens, combined with CFO Eimear Bonner’s disciplined approach to balance sheet management and shareholder returns, positions Chevron as a reliable investment in the energy sector. |
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| Management’s 38-year dividend growth streak, AA credit rating, and commitment to through-cycle buybacks demonstrate an ability to consistently reward shareholders, regardless of the commodity price environment. |
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| Is CVX stock a buy over the next 24 months? Use TIKR to check the stock’s analyst price targets and growth forecasts to see if it is undervalued today. |
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| Disclaimer: |
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| Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!"
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| CVX Stock Quote Price and Forecast,CNN,"Sep 11, 2023",https://www.cnn.com/markets/stocks/CVX,"1. How relevant is this ad to you? |
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| Video player was slow to load content Video content never loaded Ad froze or did not finish loading Video content did not start after ad Audio on ad was too loud Other issues"
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| Chevron Stock Hits Record After Surprise Boost to Dividend,Bloomberg.com,"Jan 27, 2022",https://www.bloomberg.com/news/articles/2022-01-27/chevron-hits-record-after-bigger-than-expected-dividend-raise,"To continue, please click the box below to let us know you |
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| For inquiries related to this message please contact our support team and provide the reference ID below. |
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| Get the most important global markets news at your fingertips with a Bloomberg.com subscription."
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| Iran Sanctions May Push Chevron Corporation (CVX) Stock Higher,US News Money,"May 8, 2018",https://money.usnews.com/investing/stock-market-news/articles/2018-05-08/chevron-corporation-cvx-stock,"Oil investors are watching Washington closely after President Donald Trump said he will be making an announcement about the Iran nuclear deal on Tuesday afternoon. Analysts say Chevron Corp. (NYSE: CVX) is particularly exposed to fluctuations in oil prices, and potential sanctions on one of the largest global oil producers could have a major impact on Chevron |
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| West Texas Intermediate crude oil prices edged above $70 per barrel on Monday before pulling back to just under $70 Tuesday morning ahead of Trump |
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| Chevron stock has rallied more than 17 percent in the past year, outpacing the company |
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| ""With CVX one of the most leveraged of the major oils to changes in oil prices, we view the balance of risk as favorable, albeit the recent recovery has recaptured half of the loss in value since the share price dislocation that took place after [Chevron |
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| Leggate says rising oil prices helped put Chevron in a position to potentially restart its share buyback program in the second half of the year so that its 3.6 percent dividend can continue to grow. |
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| ""CVX has been a go-to name in an oil recovery, given superior oil leverage versus oil major peers,"" Leggate says. |
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| Morningstar analyst Allen Good says Chevron |
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| ""We expect cash flow to rise during the next five years thanks to improving oil prices, cost-cutting and increased production,"" Good says. |
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| Bank of America has a ""buy"" rating and $138 price target for Chevron. Morningstar has a ""fairly valued"" rating and $121 fair value estimate for CVX stock. |
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| President Trump is expected to make his Iran deal announcement at 2 p.m. EST on Tuesday. |
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| XNYS : CVX | 11:06:16 AM 124.94 price (usd) -0.71(-0.57%) daily change 52 week low 102.55 52 week high 133.88 Track all markets on TradingView See Full Interactive Chart"
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| Chevron (NYSE:CVX) - Stock Analysis,Simply Wall Street,"Dec 1, 2017",https://simplywall.st/stocks/us/energy/nyse-cvx/chevron,"How did CVX perform over the long term? |
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| 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 engages in the exploration, development, production, and transportation of crude oil and natural gas; liquefaction, transportation, and regasification of liquefied natural gas; transporting crude oil through pipelines; processing, transporting, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant. |
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| Volatility Over Time : CVX |
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| Stable Share Price : CVX has not had significant price volatility in the past 3 months compared to the US market. |
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| Return vs Market : CVX underperformed the US Market which returned 12.1% over the past year. |
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| Return vs Industry : CVX exceeded the US Oil and Gas industry which returned -4% over the past year. |
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| Star Petroleum Refining Public Company Limited agreed to acquire Retail Business of Chevron from Chevron Corporation for ¥1.2 billion. Feb 02 |
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| Chevron Corporation (NYSE:CVX) entered into a definitive agreement to acquire PDC Energy, Inc. (NasdaqGS:PDCE) for $6.4 billion. May 24 |
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| Chevron Corporation (NYSE:CVX) completed the acquisition of PDC Energy, Inc. (NasdaqGS:PDCE) from The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), FMR LLC, Dimensional Fund Advisors LP and others. Aug 09 |
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| Chevron Corporation Provides Dividend Guidance for the First Quarter of 2024 Oct 25 |
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| Chevron: I Don |
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| QatarEnergy agreed to acquire 20% stake in Block 5 offshore block in Suriname from Paradise Oil Company and Chevron Corporation. Jul 20 |
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| Chevron Corporation Starts Oil and Natural Gas Production from Anchor Project in Deepwater U.S. Gulf of Mexico Aug 13 |
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| Chevron Boosts Oil and Natural Gas Recovery At Two Facilities in U.S. Gulf of Mexico Sep 04 |
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| Chevron Reportedly in Talks to Offload Texas Gas Assets to Tokyo Gas for Up to $1 Billion Oct 09 |
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| Chevron: 3 Reasons This Is The King Of Oil Dividend Aristocrats Oct 22 |
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| Chevron: Why I Agree With The Crowd On This One Jan 07 |
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| Chevron Corporation Declares Increase in the Quarterly Dividend, Payable on March 10, 2025 Jan 31 |
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| Chevron (NYSE:CVX) Has Announced That It Will Be Increasing Its Dividend To $1.71 Feb 03 |
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| Chevron Corporation Announces its Oil, Products & Gas Organization Consolidates into Two Segments: Upstream and Downstream, Midstream & Chemicals Feb 24 |
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| Chevron Corporation (NYSE:CVX) Completed the acquisition of Hess Corporation (NYSE:HES) from The Vanguard Group, Inc., FMR LLC, BlackRock, Inc., State Street Corporation and others. Jul 18 |
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| Chevron |
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| Key Takeaways Strength in low-cost production and strategic acquisitions positions Chevron for revenue growth, operational leverage, and resilience to commodity price cycles. Investment in efficiency, renewables, and cost reductions supports industry-leading margins, shareholder returns, and diversified growth amid regulatory shifts. |
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| See what 531 others think this stock is worth. Follow their fair value or set your own to get alerts. |
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| Through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. More details |
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| Company Analysis and Financial Data Status |
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| Data Last Updated (UTC time) Company Analysis 2025/11/10 04:53 End of Day Share Price 2025/11/07 00:00 Earnings 2025/09/30 Annual Earnings 2024/12/31 |
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| Data Sources |
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| The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available. |
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| * Example for US securities, for non-US equivalent regulatory forms and sources are used. |
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| Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more. |
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| Analysis Model and Snowflake |
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| Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube. |
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| Learn about the world class team who designed and built the Simply Wall St analysis model. |
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| Industry and Sector Metrics |
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| Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github. |
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| Analyst Sources |
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| Chevron Corporation is covered by 49 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day."
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| CVX Stock Price and Chart — NYSE:CVX,TradingView,"Jul 19, 2017",https://www.tradingview.com/symbols/NYSE-CVX/,"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 on September 10, 1879 and is headquartered in Houston, TX. |
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| Show more"
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| "OPEC |
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| Upstream production in the United States surged 7.8% year over year to a record 1,695 MBOE/d, led by gains in the Permian Basin — now a core engine of growth. International output slipped slightly, offset by asset sales and maintenance downtime. The company’s downstream performance remained resilient, with profit rising to $737 million from $597 million a year ago, thanks to stronger refined product sales margins. These results show that Chevron’s integrated structure still provides a buffer against commodity price swings, a factor that could become increasingly important as OPEC’s policy changes reshape market sentiment. |
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| Chevron’s latest quarter illustrated the company’s ability to manage volatility. The company reported adjusted earnings per share of $1.77, topping expectations but trailing the $2.55 recorded a year earlier, largely due to weaker oil realizations. Revenues fell 12% year over year to $44.8 billion, missing consensus estimates. Still, Chevron’s production volumes reached a record 3,396 thousand oil-equivalent barrels per day (MBOE/d), underscoring operational strength even as prices softened. |
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| The immediate question centers on price stability. Brent crude, already trading below $70 per barrel, may experience added downward pressure as more supply enters the market. For companies like Chevron, whose profits are closely linked to commodity prices, this presents a margin risk. Still, the company’s diversified operations and disciplined capital strategy offer meaningful protection. Unlike during the early pandemic period, Chevron is now more efficient and agile, capable of generating solid free cash flow even in a moderate price environment. This improved resilience will be crucial as the market assesses OPEC’s decision and determines whether the increase in supply will outpace recovering demand. |
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| Oil markets appear to be entering another turning point. OPEC’s recent decision to gradually raise production over the coming quarters has stirred the energy landscape. For Chevron Corporation (CVX), one of the world’s leading integrated oil and gas players, this shift brings both challenges and opportunities. While higher production targets may weigh on oil prices, they also reflect stronger demand expectations — a balancing act that could shape Chevron’s next phase of performance. Investors are now watching closely to see whether CVX stock, which has remained relatively stable this year, can maintain its footing amid evolving supply dynamics. |
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| Story Continues |
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| That said, the integration phase and arbitration linked to ExxonMobil’s (XOM) preemption rights added a layer of complexity. Although Chevron ultimately secured a favorable outcome, the situation underscores the intense rivalry among global energy leaders such as ExxonMobil and Shell (SHEL) as they compete for low-cost, high-return assets. Looking ahead, Chevron’s broader international footprint — supported by Guyana’s rapidly growing production potential — should help cushion the near-term impacts of weaker oil prices and strengthen its long-term growth outlook. |
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| Chevron’s Financial Discipline Anchors Shareholder Value |
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| Chevron continues to showcase its capital discipline. The company generated $8.6 billion in operating cash flow in the latest quarter and $4.9 billion in free cash flow, even amid subdued oil prices. This robust cash generation allowed the firm to return roughly $6 billion to its shareholders through dividends and buybacks. With the Hess deal expanding its share count, Chevron is accelerating repurchases to offset dilution — targeting over 50% of the newly issued shares to be bought back in the near term. |
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| In comparison, ExxonMobil and Shell also highlighted strong cash generation in recent quarters, though both face similar margin pressures. ExxonMobil’s Q2 earnings of $1.64 per share outperformed expectations but declined from $2.14 a year earlier. Shell, meanwhile, saw quarterly profit slip 28% year over year as refining and LNG margins softened. Across the industry, the trend is clear: earnings are down from 2024 highs, but capital returns remain a priority as producers lean on balance sheet strength and cash discipline to maintain investor confidence. |
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| Price Performance & Yield Comparison |
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| In 2025 so far, Chevron shares are up almost 7%, while ExxonMobil’s performance has been more muted. Meanwhile, Shell stock is up 19.5% year to date. |
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| YTD Price Performance Comparison |
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| Zacks Investment Research |
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| Image Source: Zacks Investment Research |
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| On the income front, Chevron boasts a dividend yield of around 4.4%, which outpaces ExxonMobil’s 3.5%. Shell’s yield sits near 3.8%. This premium yield gives Chevron an edge for income-oriented investors, but it also raises the bar: the company must maintain strong cash flows to defend it under margin pressure. |
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| CVX, XOM, SHEL Dividend Yields |
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| Zacks Investment Research |
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| Image Source: Zacks Investment Research |
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| Valuation and Outlook: Moderation Ahead |
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| From a valuation standpoint, Chevron trades at a forward price-to-earnings multiple above the industry average and its five-year mean, suggesting that much of its near-term strength is already priced in. With OPEC’s decision potentially keeping oil in the mid-$60s range, further upside may hinge on cost savings and incremental efficiency gains rather than higher commodity prices. Still, the company’s commitment to cost control — including $2-$3 billion in additional savings by 2026 through AI-enabled operational initiatives — could help defend margins even if oil remains range-bound. |
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| Zacks Investment Research |
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| Image Source: Zacks Investment Research |
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| Chevron’s outlook for the remainder of 2025 remains stable. Management expects production to edge higher, particularly in the Permian, where the company achieved its milestone of producing more than 1 million barrels of oil equivalent per day right on schedule, a goal set five years ago. While the macro environment remains uncertain, the combination of operational efficiency, a growing low-cost asset base, and continued shareholder distributions positions the company well to weather potential volatility — though not without risk if prices slide further. |
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| What Should Investors Do? |
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| OPEC’s output hike has introduced a new variable into an already complex energy landscape, and Chevron sits right at the center of that shift. The company’s record production levels, expanding asset base, and disciplined capital management offer resilience, but weaker oil prices could temper earnings momentum. For now, the Zacks Rank #3 (Hold) reflects a balanced view amid price uncertainty. In essence, CVX stands as a steady performer rather than a breakout story. The stock’s premium valuation and dependable dividends make it a credible long-term holding, though investors seeking sharper near-term upside may need to wait for clearer signals from both OPEC and global demand trends. |
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| You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. |
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| Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report |
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| Chevron Corporation (CVX) : Free Stock Analysis Report |
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| Exxon Mobil Corporation (XOM) : Free Stock Analysis Report |
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| Shell PLC Unsponsored ADR (SHEL) : Free Stock Analysis Report |
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| This article originally published on Zacks Investment Research (zacks.com). |
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| Zacks Investment Research"
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| "Warren Buffett plowed more than $1 billion into three stocks, and it says a lot about where he sees consumer priorities are right now: Houses, beer, and gas",Fortune,3 weeks ago,https://fortune.com/2025/10/17/warren-buffett-billion-investment-chevron-constellation-home-builder-consumer-priorities/,"Warren Buffett may be retiring as CEO of Berkshire Hathaway at the end of this year, but the investment decisions of the conglomerate still reveal a great deal about the Oracle of Omaha’s take on the economy. |
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| Throughout 2025, Berkshire’s investments have focused on brands heavily exposed to the health and prospects of consumers. American shoppers have held up well since the end of the pandemic—to the surprise of some economists. Brian Moynihan, the CEO of Buffett’s long-held asset Bank of America, said earlier this year that while consumers were beginning to worry about their cash reserves, they were continuing to spend nonetheless. |
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| And while Wall Street and Silicon Valley have been piling into AI stocks despite warnings of a bubble, Buffett and his successor, Greg Abel, have been looking further afield for investment inspiration. |
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| Some of Berkshire’s largest investments this year have been in brands which likely qualify as essential for U.S. shoppers—or reflect their long-term goals. |
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| For example, Berkshire’s most recent filings reveal it now holds some 7 million shares in Lennar, a 265% increase on its previous stake. Lennar, one of the nation’s largest homebuilders, has seen its share price drop 28% in the past year but now makes up a little over 3% of Berkshire’s portfolio, with its holdings between class A and B stock now totaling more than $886 million. |
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| However, action from the White House this year has been focused on getting America’s real estate market moving again. In his continued lobbying for a lower base interest rate, President Trump claimed Fed Chair Jerome Powell was “hurting the housing industry very badly.” Trump added: “People can’t get a mortgage because of him.” |
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| While Powell refrained from lowering the rate in the early days of Trump’s administration, the Federal Open Market Committee has since begun lowering interest rates and has signaled an openness to reduce them further in future. While the Federal funds rate doesn’t set the mortgage rates lenders offer, lower borrowing costs should (as a general rule) ultimately result in more affordable mortgages for consumers. |
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| This monetary trajectory sits on top of a basic supply and demand issue: Housing is in short supply. According to a 2025 study from the U.S. Chamber of Commerce, America has a “severe” shortage of more than 4.7 million homes. |
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| Policies like tariffs aren’t helping the crisis, the report adds: “Rising costs and limited supply are slowing new home construction despite high demand—underscoring the need for robust and lasting solutions to strengthen supply-chain resilience and incentivize building to support the housing sector’s growth and stability.” |
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| Consumables focus |
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| Also on the list of purchases for Berkshire was increasing its stake in Chevron, which Stockcircle reports was up by 3.45 million shares in the second quarter of this year. |
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| The oil and gas industry has suffered a bumpy few years following Russia’s invasion of Ukraine and the ensuing supply issues. However, in U.S. markets specifically, the price of gasoline and fuel oil have been the only two energy commodities to post negative inflation data over the past 12 months. |
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| With prices at more stable levels for consumers, Bank of America noted that gas drove spending growth last month. In a note seen by Fortune, BofA wrote that gasoline accounted for around a third of growth across all consumer buying last month. Spending had contracted in the first three months of this year. |
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| Elsewhere, Berkshire also increased its stake in the beverages producer Constellation Brands earlier this year. For the period ended in March, Berkshire’s stake more than doubled, growing to about 12 million shares worth $2.2 billion, up from 5.6 million shares at the end of the prior year. At the same time, Berkshire offloaded investments in financial institutions like Citigroup as it doubled down on consumer-centered brands. While there may be a wider movement away from alcohol, Constellation has been increasing its portfolio in the low- and no-alcohol area."
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| Warren Buffett Is Betting Big on This Texas-Based Company,The Motley Fool,2 weeks ago,https://www.fool.com/investing/2025/10/24/is-this-texas-based-company-a-smart-buy-for-long/,"This Texas giant is one of Warren Buffett |
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| Legendary investor Warren Buffett is a huge fan of one company based in Houston, Texas. This company is currently the fifth-largest holding in his publicly traded portfolio at Berkshire Hathaway. Last quarter, he bought 3.4 million more shares -- one of only a handful of purchases he has made over the last 90 days. Looking ahead, it |
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| Warren Buffett loves this iconic Texas business |
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| Warren Buffett began buying shares of Chevron (CVX +1.36%) in late 2020 just after the COVID-19 flash crash. He started with around 48 million shares. But the following quarter, he cut his stake by nearly 50%. In the back half of 2021, however, he started building up his stake again, culminating in a giant 121 million share purchase in the first quarter of 2022. |
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| Since then, Buffett has consistently trimmed and added to the position over time. After a small purchase last quarter, Berkshire Hathaway is now reporting an ownership of around $17.5 billion -- roughly 7.7% of Chevron |
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| Expand NYSE : CVX Chevron Today |
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| Why is Buffett so bullish on Chevron? Back when Buffett first began buying Chevron stock back in 2020, oil prices were only around $35 per barrel. In early 2021, when Buffett suddenly slashed his stake by over 50%, oil prices were hovering around $60 per barrel. When Buffett began rebuilding his stake later that year, however, oil prices had surged even higher to nearly $80 per barrel. So correlating Buffett |
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| Since the start of 2022 -- the year Buffett massively increased the size of his Chevron investment -- Chevron stock has largely moved sideways, massively underperforming the market. The stock |
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| Chevron looks like a compelling value stock |
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| It |
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| While cyclical stocks exposed to commodity markets can be challenging to value on price-to-earnings multiples alone, Chevron stock is trading at just 19 times earnings. That |
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| With rising geopolitical tensions, it |
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| If you
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