FY2026 EPS Estimates for Chevron Boosted by Erste Group Bank

Chevron Corporation (NYSE:CVX) – Analysts at Erste Group Bank lifted their FY2026 earnings estimates for shares of Chevron in a research note issued on Thursday, April 2nd. Erste Group Bank analyst H. Engel now forecasts that the oil and gas company will post earnings per share of $7.94 for the year, up from their prior forecast of $7.46. The consensus estimate for Chevron’s current full-year earnings is $10.79 per share.

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

Several other equities research analysts have also commented on the company. Jefferies Financial Group boosted their price target on Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. BMO Capital Markets reissued an “outperform” rating and set a $190.00 price target on shares of Chevron in a research note on Monday, February 2nd. Citigroup boosted their price target on Chevron from $210.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Piper Sandler raised their price target on Chevron from $179.00 to $242.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Finally, Mizuho raised their price target on Chevron from $206.00 to $217.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Chevron currently has an average rating of “Moderate Buy” and an average target price of $187.64.

Chevron Stock Performance

Shares of CVX opened at $192.81 on Wednesday. The company has a 50-day simple moving average of $190.88 and a 200-day simple moving average of $167.59. The company has a market capitalization of $384.74 billion, a PE ratio of 28.95, a P/E/G ratio of 1.66 and a beta of 0.60. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.21. Chevron has a 52-week low of $132.04 and a 52-week high of $214.71.

Chevron Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were issued a $1.78 dividend. This is a positive change from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date was Tuesday, February 17th. This represents a $7.12 dividend on an annualized basis and a yield of 3.7%. Chevron’s payout ratio is currently 106.91%.

Insider Buying and Selling

In other Chevron news, Vice Chairman Mark A. Nelson sold 139,600 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $187.92, for a total value of $26,233,632.00. Following the transaction, the insider directly owned 11,337 shares in the company, valued at approximately $2,130,449.04. This represents a 92.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Eimear P. Bonner sold 32,100 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $175.01, for a total transaction of $5,617,821.00. Following the completion of the transaction, the chief financial officer owned 4,366 shares in the company, valued at approximately $764,093.66. This trade represents a 88.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 782,607 shares of company stock worth $146,510,571 in the last 90 days. 0.21% of the stock is currently owned by corporate insiders.

Institutional Trading of Chevron

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Chevron by 17.9% during the third quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock worth $28,540,753,000 after buying an additional 27,961,463 shares during the period. Norges Bank purchased a new position in Chevron during the fourth quarter worth about $3,727,586,000. State Street Corp grew its holdings in Chevron by 9.1% in the third quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock valued at $23,698,184,000 after purchasing an additional 12,789,399 shares during the period. Berkshire Hathaway Inc grew its holdings in Chevron by 6.6% in the fourth quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock valued at $19,837,131,000 after purchasing an additional 8,091,570 shares during the period. Finally, Primecap Management Co. CA purchased a new stake in Chevron in the third quarter valued at approximately $988,083,000. 72.42% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron resumed natural gas output at the Leviathan offshore field after a 33‑day halt, lifting capacity and reinforcing its LNG and Eastern Mediterranean supply role — a near‑term boost to volumes and strategic positioning. Read More.
• Positive Sentiment: BMO Capital raised its price target on CVX to $205 and kept an Outperform rating, reflecting upside in Chevron’s cash returns and resilience despite an uncertain oil price range. Read More.
• Positive Sentiment: Erste Group boosted its FY2026 EPS forecast for Chevron, signaling some analyst upward revisions to earnings expectations as company fundamentals and higher commodity prices support cash flow. Read More.
• Neutral Sentiment: Longer‑term bullish research pieces highlight Chevron as a durable dividend and integrated energy exposure play (LNG + upstream), supporting buy‑and‑hold interest even amid short‑term volatility. Read More.
• Neutral Sentiment: Rising oil pushed option premiums wider, prompting some traders to favor covered‑call and cash‑secured‑put strategies on CVX — a sign of elevated volatility rather than a directional signal. Read More.
• Negative Sentiment: Market reaction to a two‑week US‑Iran ceasefire sent oil prices lower and triggered a pullback in Chevron shares as investors price in a reduced near‑term supply shock. Several news outlets flagged CVX among stocks sliding despite a broader market rally. Read More.
• Negative Sentiment: Despite the ceasefire, geopolitical risk remains: recent drone strikes on Saudi Arabia’s East‑West pipeline and political comments suggesting the truce is fragile keep a risk premium on energy — this uncertainty can quickly re‑tighten or loosen oil prices and fuel volatility in CVX. Read More.
• Negative Sentiment: Market commentary (Barron’s, Investopedia, The Motley Fool) notes today may mark a rotational pullback for energy after March’s rally — analysts warn gains could be tested if oil stabilizes lower, pressuring CVX near term. Read More.

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.