Should I buy or sell Chevron stock right now?

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chevron in the last twelve months. There are currently 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CVX shares. View CVX analyst ratings or view top-rated stocks .

What is Chevron's stock price target for 2024?

19 brokerages have issued 12 month price objectives for Chevron's stock. Their CVX share price targets range from $150.00 to $203.00. On average, they expect the company's share price to reach $183.55 in the next year. This suggests a possible upside of 17.7% from the stock's current price. View analysts price targets for CVX or view top-rated stocks among Wall Street analysts .

How have CVX shares performed in 2024?

Chevron's stock was trading at $149.16 at the beginning of the year. Since then, CVX stock has increased by 4.6% and is now trading at $155.95. View the best growth stocks for 2024 here .

When is Chevron's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, April 26th 2024. View our CVX earnings forecast .

How can I listen to Chevron's earnings call?

Chevron will be holding an earnings conference call on Friday, April 26th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Chevron's earnings last quarter?

Chevron Co. (NYSE:CVX) issued its earnings results on Friday, February, 2nd. The oil and gas company reported $3.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.19 by $0.26. The oil and gas company had revenue of $47.18 billion for the quarter, compared to analyst estimates of $50.93 billion. Chevron had a trailing twelve-month return on equity of 15.24% and a net margin of 10.63%. The company's revenue for the quarter was down 16.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.09 EPS. Read the conference call transcript .

How often does Chevron pay dividends? What is the dividend yield for Chevron?

Chevron declared a quarterly dividend on Friday, February 2nd. Investors of record on Friday, February 16th will be given a dividend of $1.63 per share on Monday, March 11th. This represents a $6.52 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Thursday, February 15th. This is a positive change from the stock's previous quarterly dividend of $1.51. Read our dividend analysis for CVX .

Is Chevron a good dividend stock?

Chevron (NYSE:CVX) pays an annual dividend of $6.52 per share and currently has a dividend yield of 4.10%. CVX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 37 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 57.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CVX will have a dividend payout ratio of 42.06% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CVX .

What ETFs hold Chevron's stock?

ETFs with the largest weight of Chevron (NYSE:CVX) stock in their portfolio include Strive U.S. Energy ETF (DRLL) , Energy Select Sector SPDR Fund (XLE) , Vanguard Energy ETF (VDE) , iShares U.S. Energy ETF (IYE) , Fidelity MSCI Energy Index ETF (FENY) , ProShares Ultra Energy (DIG) , iShares MSCI Global Energy Producers ETF (FILL) and Direxion Daily Energy Bull 2x Shares (ERX) .

How will Chevron's stock buyback program work?

Chevron declared that its board has authorized a share buyback plan on Wednesday, January 25th 2023, which permits the company to buyback $75,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 21.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.

What is Mike Wirth's approval rating as Chevron's CEO?

421 employees have rated Chevron Chief Executive Officer Mike Wirth on Glassdoor.com . Mike Wirth has an approval rating of 88% among the company's employees.

What other stocks do shareholders of Chevron own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Chevron investors own include AT&T (T) , Exxon Mobil (XOM) , Johnson & Johnson (JNJ) , Verizon Communications (VZ) , JPMorgan Chase & Co. (JPM) , Intel (INTC) , Pfizer (PFE) , Cisco Systems (CSCO) , AbbVie (ABBV) and Walt Disney (DIS) .

Who are Chevron's major shareholders?

Chevron's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Global Assets Advisory LLC (0.05%), Wealth Enhancement Advisory Services LLC (0.05%), Confluence Investment Management LLC (0.04%), Ferguson Wellman Capital Management Inc. (0.03%), Douglas Lane & Associates LLC (0.02%) and Gateway Investment Advisers LLC (0.02%). Insiders that own company stock include Alana K Knowles, Alice P Gast , Colin E Parfitt , David A Inchausti, David A Inchausti , Eimear P Bonner, Eimear P Bonner , Enrique Hernandez Jr, Enrique Hernandez, Jr , James William Johnson , Jeff B Gustavson , Jeff B Gustavson , Joseph C Geagea , Mark A Nelson , Michael K Wirth, Michael K Wirth , Pierre R Breber , R Hewitt Pate , Rhonda J Morris and Wanda M Austin . View institutional ownership trends .

How do I buy shares of Chevron?

Shares of CVX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Chevron have any subsidiaries?

The following companies are subsidiares of Chevron: Atlas Energy Inc, Cabinda Gulf Oil Company Limited, Chevron (Overseas) Holdings Limited, Chevron (Thailand) Limited, Chevron Argentina S.R.L., Chevron Australia Holdings Pty Ltd., Chevron Australia Pty Ltd., Chevron Canada Limited, Chevron Global Energy Inc., Chevron Global Technology Services Company, Chevron Investments Inc., Chevron LNG Shipping Company Limited, Chevron Nigeria Limited, Chevron Overseas Company, Chevron Overseas Petroleum Limited, Chevron Petroleum Company, Chevron Petroleum Limited, Chevron Petroleum Nigeria Limited, Chevron Thailand Exploration and Production Ltd., Chevron Thailand LLC, Chevron U.S.A. Holdings Inc., Chevron U.S.A. Inc., Chevron Venezuela Holdings LLC, Noble Energy, PT Chevron Pacific Indonesia, Puma Energy Asia Pacific B.V., Saudi Arabian Chevron Inc., Star Petroleum Refining Public Company Limited, Texaco Inc., Texaco Overseas Holdings Inc., Texaco Venezuela Holdings (I) Company, Union Oil Company of California, Unocal Corporation, and Unocal International Corporation. Read More

Followed 174 TimesTop Followed Top-Rated Dividend StocksTop-Rated Dividend

NYSE:CVX

Chevron (CVX) Stock Price, News & Analysis

→ Trump’s “Tax Free” Retirement Strategy (From Gold Safe Exchange) (Ad)

Free CVX Stock Alerts

$156.45

-1.14 (-0.72%)

(As of 02:11 PM ET)

Compare

Today's Range: $155.42
▼
$157.81
50-Day Range: $148.34
▼
$162.60
52-Week Range: $139.62
▼
$172.54

Volume: 2.85 million shs
Average Volume: 8.56 million shs
Market Capitalization: $290.57 billion

P/E Ratio: 13.77
Dividend Yield: 4.17%
Price Target: $183.55

Get Chevron alerts:

Chevron MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.74 Rating Score
Upside/Downside: 17.7% Upside
$183.55 Price Target
Short Interest: Healthy
2.67% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -7.96
Upright™ Environmental Score
News Sentiment: 0.52
Based on 49 Articles This Week
Insider Trading: Selling Shares
$448,252 Sold Last Quarter
Proj. Earnings Growth: 17.07%
From $13.24 to $15.50 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.88 out of 5 stars

Oils/Energy Sector

5th out of 241 stocks

Petroleum Refining Industry

1st out of 16 stocks

3.4

Analyst's Opinion

Consensus Rating
Chevron has received a consensus rating of Moderate Buy. The company's average rating score is 2.74, and is based on 14 buy ratings, 5 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Chevron has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
2.67% of the float of Chevron has been sold short.
Short Interest Ratio / Days to Cover
Chevron has a short interest ratio ("days to cover") of 5.7.
Change versus previous month
Short interest in Chevron has recently decreased by 4.13%, indicating that investor sentiment is improving.

5.0

Dividend Strength

Dividend Leadership
Chevron is a leading dividend payer. It pays a dividend yield of 4.10%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Chevron has been increasing its dividend for 37 years.
Dividend Coverage
The dividend payout ratio of Chevron is 57.39%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Chevron will have a dividend payout ratio of 42.06% next year. This indicates that Chevron will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Chevron has received a -114.09% net impact score from Upright. The largest negative impact of Chevron in category "GHG emissions" seems to be driven mostly by its "Electricity produced with crude oil", "Refined oil", "Crude oil", "Retail of diesel at a gas station", and "Refined natural gas" products. See details.
Environmental Sustainability
The Environmental Impact score for Chevron is -7.96.

3.1

News and Social Media Coverage

News Sentiment
Chevron has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 49 news articles for Chevron this week, compared to 30 articles on an average week.
Search Interest
233 people have searched for CVX on MarketBeat in the last 30 days. This is an increase of 10% compared to the previous 30 days.
MarketBeat Follows
180 people have added Chevron to their MarketBeat watchlist in the last 30 days. This is an increase of 18% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Chevron insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $448,252.00 in company stock.
Percentage Held by Insiders
Only 0.18% of the stock of Chevron is held by insiders.
Percentage Held by Institutions
72.42% of the stock of Chevron is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Chevron are expected to grow by 17.07% in the coming year, from $13.24 to $15.50 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Chevron is 13.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.86.
Price to Earnings Ratio vs. Sector
The P/E ratio of Chevron is 13.73, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 18.09.
Price to Earnings Growth Ratio
Chevron has a PEG Ratio of 2.40. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Chevron has a P/B Ratio of 1.82. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Ad Gold Safe Exchange

Trump’s “Tax Free” Retirement Strategy

Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.

Protect your retirement savings from the inevitable devaluation of the dollar…

About Chevron Stock (NYSE:CVX)

Chevron Corporation, through a network of subsidiaries, engages in integrated energy and chemicals operations worldwide. The company is the 7th largest integrated oil company worldwide, the 2nd largest in the US, and has been in operation since 1879. Chevron was part of the original Standard Oil Company and is one of the 34 successor companies that were formed when it was broken up. Today, the company brings in roughly $160 billion in annual revenues and is the last remaining oil and gas component of the Dow Jones Industrial Average.

Originally called Standard Oil Of California the company grew quickly via mergers and acquisitions. It was hailed as one of the Seven Sisters to dominate the US and global production throughout the mid-20th century and became even bigger in 1985 when it merged with Gulf Oil. The merger with Gulf Oil resulted in the rebranding from Standard Oil Of California to Chevron (a brand used by the company outside its California jurisdiction) and then ChevronTexaco Corporation in 2005 when that merger took place. The company rebranded again in 2005 to what we know today as Chevron Corporation.

Chevron Corporation is now based in San Ramone, California, and has operations in 180 countries. The company employs more than 42,500 people who operate 5 refineries and 8,000+ Texaco, Chevron, and Standard Oil service stations in the US alone. The company's Exploration and Drilling operations produced a record 3.1 million barrels per day and its US refineries process more than 1 million barrels per day. At the end of 2021, the company has more than 11.3 billion barrels of proven oil and liquid-equivalent reserves and boasted a 112% reserve replacement rate.

The company operates in two segments, Upstream and Downstream. The Upstream segment explores new reserves, develops known reserves, produces petroleum and gas products as needed, transports, processes, pipes, stores, and markets petroleum worldwide. The Downstream segment refines and markets the full line of petroleum-based products including but not limited to fuels such as gas, diesel, and aviation fuel, as well as lubricants, petrochemicals, and plastics. The company transports products via pipeline, rail, marine vessels, and truck.

Chevron recognizes the need to lower the world’s carbon output and is working toward that end. The company’s strategy is two-pronged and includes reducing its own carbon output while investing in green and lower-carbon technologies. The company’s goal is to invest $10 billion or more into lower carbon energy sources and technologies by 2028.

Chevron is a Dividend Aristocrat. The company has been paying a dividend since 1989 and it has raised it every year since its inception.

CVX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CVX Stock News Headlines

April 5, 2024 | insidertrades.com

Chevron Co. (NYSE:CVX) VP Sells $448,252.00 in Stock

April 2, 2024 | marketbeat.com

How to Invest in Energy (CVX)

Energy keeps the world moving, from oil to gas to solar to wind. Learn about the types of energy investments, where to find them and which may be best for you.

April 16, 2024 | Gold Safe Exchange (Ad)

Trump’s “Tax Free” Retirement Strategy

March 21, 2024 | marketbeat.com

Energy Sector Nears Multi-Year Resistance: Breakout Ahead?

As the U.S. market hovers near all-time highs, one sector has quietly surged higher and now stands at a critical juncture - the energy sector. While the broader market has experienced a significant uptick year-to-date and achieved new all-time highs, led firmly by the technology sector, the energy sector has steadily increased while remaining out of the limelight.

March 21, 2024 | marketbeat.com

Energy Sector Nears Multi-Year Resistance: Breakout Ahead? (CVX)

The XLE has outperformed the broader market year-to-date and is now approaching a major multi-year resistance and breakout level near $93.

March 20, 2024 | marketbeat.com

Chevron agrees to pay more than $13 million in fines for California oil spills

Chevron has agreed to pay more than $13 million in fines for dozens of past oil spills in California

April 16, 2024 | investorplace.com

Don't Miss Out: 7 Hot Energy Stocks You Need to Own Now

April 16, 2024 | americanbankingnews.com

Chevron (NYSE:CVX) Given New $174.00 Price Target at Raymond James

April 16, 2024 | Gold Safe Exchange (Ad)

Trump’s “Tax Free” Retirement Strategy

April 15, 2024 | finance.yahoo.com

Chevron (CVX) Stock Moves -0.86%: What You Should Know

April 15, 2024 | investorplace.com

Warren Buffett Collects $2.1 Billion in Dividends Every Year From These 3 Stocks

April 15, 2024 | fool.com

Warren Buffett Could Have Bought Any of 378 S&P 500 Companies With $74 Billion. Instead, He Piled It All Into 1 Beloved Stock

April 14, 2024 | fool.com

3 Stocks Billionaires Are Buying

April 14, 2024 | 247wallst.com

6 Ultimate Dividend Stocks for Long-Term Passive Income Growth

April 14, 2024 | americanbankingnews.com

Chevron (NYSE:CVX) Trading Up 0.3%

April 13, 2024 | seekingalpha.com

Chevron: A Strong Q1 Report Is Ahead

April 12, 2024 | msn.com

Hess warns Exxon arbitration case could push sale to Chevron into next year

April 12, 2024 | finance.yahoo.com

Will This Technical Hurdle End Exxon Mobil's Longest Advance In 17 Years?

April 12, 2024 | americanbankingnews.com

Chevron (NYSE:CVX) Raised to Sector Outperform at Scotiabank

April 11, 2024 | msn.com

Exxon CEO's 2024 total pay bumped up 3% to $36.9M; Chevron CEO pay rose 12%

April 11, 2024 | msn.com

Dow down 212 points on losses for Travelers, Chevron shares

April 11, 2024 | msn.com

Dow's 100-point drop led by losses in shares of Travelers, Chevron

April 11, 2024 | investorplace.com

3 Must-Buy Dow Stocks for an April Market Rally

April 11, 2024 | fool.com

Warren Buffett Is Making a Once-in-a-Generation Bet on 2 Stocks. Should You?

April 11, 2024 | americanbankingnews.com

Chevron (NYSE:CVX) Research Coverage Started at Barclays

April 11, 2024 | americanbankingnews.com

Chevron (NYSE:CVX) Shares Up 0.4% After Analyst Upgrade

April 10, 2024 | investorplace.com

Q1 Earnings Preview: 3 Stocks to Buy Before Reports Drop

See More Headlines

Receive CVX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Chevron and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 2/02/2024
Ex-Dividend for 3/11 Dividend: 2/15/2024
Dividend Payable: 3/11/2024
Today: 4/16/2024
Next Earnings (Confirmed): 4/26/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Oils/Energy
Industry: Petroleum refining
Sub-Industry: Integrated Oil & Gas
Current Symbol: NYSE:CVX
CUSIP: 16676410
CIK: 93410
Web: www.chevron.com
Phone: (925) 842-1000
Fax: 415-894-6817
Employees: 45,600
Year Founded: 1879

Price Target and Rating

Average Stock Price Target: $183.55
High Stock Price Target: $203.00
Low Stock Price Target: $150.00
Potential Upside/Downside: +17.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.74
Research Coverage: 19 Analysts

Profitability

EPS (Most Recent Fiscal Year): $11.36
Trailing P/E Ratio: 13.81
Forward P/E Ratio: 11.85
P/E Growth: 2.4
Net Income: $21.37 billion
Net Margins: 10.63%
Pretax Margin: 14.72%
Return on Equity: 15.24%
Return on Assets: 9.56%

Debt

Debt-to-Equity Ratio: 0.13
Current Ratio: 1.27
Quick Ratio: 1.01

Sales & Book Value

Annual Sales: $200.95 billion
Price / Sales: 1.45
Cash Flow: $21.96 per share
Price / Cash Flow: 7.14
Book Value: $85.78 per share
Price / Book: 1.83

Miscellaneous

Outstanding Shares: 1,857,270,000
Free Float: 1,853,926,000
Market Cap: $291.28 billion
Optionable: Optionable
Beta: 1.12

Social Links

(Almost) Everything You Need To Know About The EV Market

Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.

Get This Free Report

Key Executives

Mr. Michael K. Wirth (Age 63)
Chairman & CEO
Comp: $4.87M
Mr. R. Hewitt Pate (Age 61)
VP & General Counsel
Comp: $2.38M
Mr. A. Nigel Hearne (Age 56)
Executive Vice President of Oil, Products & Gas
Comp: $3.39M
Ms. Eimear P. Bonner (Age 49)
VP, CFO, & President of Chevron Technical Center
Ms. Rhonda J. Morris (Age 59)
VP & Chief Human Resources Officer
Mr. Clay Neff (Age 62)
President of International Exploration & Production
Mr. Jeff B. Gustavson (Age 51)
President of Chevron New Energies & VP of Lower Carbon Energies
Dr. Anoop Kumar
President of the National Lubricating Grease
Ms. Molly T. Laegeler (Age 46)
VP of Strategy & Sustainability
Mr. Paul K. Siegele (Age 65)
CTO & President - Chevron Energy Technology Company

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

Should I Buy Chevron Stock? CVX Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Chevron:

Chevron reported strong earnings per share of $3.45 for the last quarter, surpassing the consensus estimate, indicating financial stability and growth potential.
The company increased its quarterly dividend to $1.63 per share, showcasing a commitment to rewarding shareholders and providing a solid dividend yield of 4.22%.
Analysts have given Chevron a "Moderate Buy" consensus rating with an average price target of $180.39, suggesting positive sentiment and potential stock price appreciation.
Chevron's diversified operations in both Upstream and Downstream segments provide resilience and exposure to different aspects of the energy market.
The company's focus on renewable fuels and carbon capture technologies aligns with the growing global emphasis on sustainability, potentially attracting environmentally conscious investors.

Cons

Investors should be bearish about investing in Chevron for these reasons:

Chevron's revenue for the last quarter was below the consensus estimate, indicating potential challenges in revenue generation and market conditions affecting the company.
Some brokerages have downgraded Chevron's rating from "buy" to "hold" or "market perform," signaling concerns about the company's future performance and growth prospects.
The company's payout ratio of 57.39% raises questions about the sustainability of the increased dividend and potential limitations on future dividend growth.
Chevron's stock price may be influenced by volatile oil and gas prices, impacting the company's profitability and stock performance.
Market conditions and regulatory changes in the energy sector could pose risks to Chevron's operations and financial results, affecting investor returns.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Chevron pros and cons to contact@marketbeat.com.

CVX Stock Analysis - Frequently Asked Questions

Should I buy or sell Chevron stock right now?: 19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Chevron in the last twelve months. There are currently 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CVX shares.
View CVX analyst ratings or view top-rated stocks.
What is Chevron's stock price target for 2024?: 19 brokerages have issued 12 month price objectives for Chevron's stock. Their CVX share price targets range from $150.00 to $203.00. On average, they expect the company's share price to reach $183.55 in the next year. This suggests a possible upside of 17.7% from the stock's current price.
View analysts price targets for CVX or view top-rated stocks among Wall Street analysts.
How have CVX shares performed in 2024?: Chevron's stock was trading at $149.16 at the beginning of the year. Since then, CVX stock has increased by 4.6% and is now trading at $155.95.
View the best growth stocks for 2024 here.
When is Chevron's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, April 26th 2024.
View our CVX earnings forecast.
How can I listen to Chevron's earnings call?: Chevron will be holding an earnings conference call on Friday, April 26th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Chevron's earnings last quarter?: Chevron Co. (NYSE:CVX) issued its earnings results on Friday, February, 2nd. The oil and gas company reported $3.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.19 by $0.26. The oil and gas company had revenue of $47.18 billion for the quarter, compared to analyst estimates of $50.93 billion. Chevron had a trailing twelve-month return on equity of 15.24% and a net margin of 10.63%. The company's revenue for the quarter was down 16.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.09 EPS.
Read the conference call transcript.
How often does Chevron pay dividends? What is the dividend yield for Chevron?: Chevron declared a quarterly dividend on Friday, February 2nd. Investors of record on Friday, February 16th will be given a dividend of $1.63 per share on Monday, March 11th. This represents a $6.52 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Thursday, February 15th. This is a positive change from the stock's previous quarterly dividend of $1.51.
Read our dividend analysis for CVX.
Is Chevron a good dividend stock?: Chevron (NYSE:CVX) pays an annual dividend of $6.52 per share and currently has a dividend yield of 4.10%. CVX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 37 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 57.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CVX will have a dividend payout ratio of 42.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CVX.

What ETFs hold Chevron's stock?: ETFs with the largest weight of Chevron (NYSE:CVX) stock in their portfolio include Strive U.S. Energy ETF (DRLL), Energy Select Sector SPDR Fund (XLE), Vanguard Energy ETF (VDE), iShares U.S. Energy ETF (IYE), Fidelity MSCI Energy Index ETF (FENY), ProShares Ultra Energy (DIG), iShares MSCI Global Energy Producers ETF (FILL) and Direxion Daily Energy Bull 2x Shares (ERX).
How will Chevron's stock buyback program work?: Chevron declared that its board has authorized a share buyback plan on Wednesday, January 25th 2023, which permits the company to buyback $75,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 21.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.
What is Mike Wirth's approval rating as Chevron's CEO?: 421 employees have rated Chevron Chief Executive Officer Mike Wirth on Glassdoor.com. Mike Wirth has an approval rating of 88% among the company's employees.
What other stocks do shareholders of Chevron own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Chevron investors own include AT&T (T), Exxon Mobil (XOM), Johnson & Johnson (JNJ), Verizon Communications (VZ), JPMorgan Chase & Co. (JPM), Intel (INTC), Pfizer (PFE), Cisco Systems (CSCO), AbbVie (ABBV) and Walt Disney (DIS).
Who are Chevron's major shareholders?: Chevron's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Global Assets Advisory LLC (0.05%), Wealth Enhancement Advisory Services LLC (0.05%), Confluence Investment Management LLC (0.04%), Ferguson Wellman Capital Management Inc. (0.03%), Douglas Lane & Associates LLC (0.02%) and Gateway Investment Advisers LLC (0.02%). Insiders that own company stock include Alana K Knowles, Alice P Gast, Colin E Parfitt, David A Inchausti, David A Inchausti, Eimear P Bonner, Eimear P Bonner, Enrique Hernandez Jr, Enrique Hernandez, Jr, James William Johnson, Jeff B Gustavson, Jeff B Gustavson, Joseph C Geagea, Mark A Nelson, Michael K Wirth, Michael K Wirth, Pierre R Breber, R Hewitt Pate, Rhonda J Morris and Wanda M Austin.
View institutional ownership trends.
How do I buy shares of Chevron?: Shares of CVX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does Chevron have any subsidiaries?: The following companies are subsidiares of Chevron: Atlas Energy Inc, Cabinda Gulf Oil Company Limited, Chevron (Overseas) Holdings Limited, Chevron (Thailand) Limited, Chevron Argentina S.R.L., Chevron Australia Holdings Pty Ltd., Chevron Australia Pty Ltd., Chevron Canada Limited, Chevron Global Energy Inc., Chevron Global Technology Services Company, Chevron Investments Inc., Chevron LNG Shipping Company Limited, Chevron Nigeria Limited, Chevron Overseas Company, Chevron Overseas Petroleum Limited, Chevron Petroleum Company, Chevron Petroleum Limited, Chevron Petroleum Nigeria Limited, Chevron Thailand Exploration and Production Ltd., Chevron Thailand LLC, Chevron U.S.A. Holdings Inc., Chevron U.S.A. Inc., Chevron Venezuela Holdings LLC, Noble Energy, PT Chevron Pacific Indonesia, Puma Energy Asia Pacific B.V., Saudi Arabian Chevron Inc., Star Petroleum Refining Public Company Limited, Texaco Inc., Texaco Overseas Holdings Inc., Texaco Venezuela Holdings (I) Company, Union Oil Company of California, Unocal Corporation, and Unocal International Corporation.
Read More

This page (NYSE:CVX) was last updated on 4/16/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

Chevron (CVX) Stock Price, News & Analysis

Chevron MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Chevron Stock (NYSE:CVX)

CVX Stock Price History

CVX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

Should I Buy Chevron Stock? CVX Pros and Cons Explained

Pros

Cons

CVX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™