Chevron Corporation
- Open
- 169.70
- Day high
- 170.46
- Day low
- 165.28
- Prev close
- 168.43
- Volume
- 10.0M
- Mkt cap
- $329.8B
- P/E (TTM)
- 28.6
- EPS (TTM)
- $5.79
- P/B
- 1.8
- P/S
- 1.8
- Yield
- 4.21%
- Per share
- $6.98
- ▼Insiders net selling -$109.4M over the last 3 months (0 open-market buys, 10 sales)
- 🏛Institutions mixed (13F)
Chevron Corporation (CVX) is a Energy company listed on NYSE. The stock is up 14% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 10 sales (SEC Form 4). Drillr has 102 published research articles covering CVX.
Chevron Corporation (CVX) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 10 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CVX earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 1, 2026 | $1.00 | $1.41 | +41.0% | $48.6B | -6.3% |
| Jan 30, 2026 | $1.41 | $1.52 | +7.8% | $45.8B | -2.1% |
| Oct 31, 2025 | $1.69 | $1.85 | +9.5% | $48.2B | -1.6% |
| Aug 1, 2025 | $1.73 | $1.77 | +2.3% | $44.4B | +1.2% |
| May 2, 2025 | $2.16 | $2.18 | +0.9% | $47.6B | -1.3% |
| Jan 31, 2025 | $2.42 | $2.06 | -14.9% | $52.2B | +12.1% |
| Nov 1, 2024 | $2.42 | $2.51 | +3.7% | $48.9B | +0.1% |
| Aug 2, 2024 | $2.93 | $2.55 | -13.0% | $49.6B | -2.1% |
| Apr 26, 2024 | $2.87 | $2.93 | +2.1% | $46.6B | -3.8% |
| Feb 2, 2024 | $3.29 | $3.45 | +4.9% | $48.9B | +3.7% |
| Oct 27, 2023 | $3.75 | $3.05 | -18.7% | $51.9B | +8.6% |
| Jul 28, 2023 | $2.97 | $3.08 | +3.7% | $47.2B | +8.6% |
CVX insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 29, 2026 | REED DEBRA Ldirector | Grant | 1,272 | — |
| May 29, 2026 | HESS JOHN Bdirector | Grant | 1,272 | — |
| May 29, 2026 | HERNANDEZ ENRIQUE JRdirector | Grant | 1,272 | — |
| May 29, 2026 | Huntsman Jon M Jrdirector | Grant | 1,272 | — |
| May 29, 2026 | Frank Johndirector | Grant | 1,272 | — |
| May 29, 2026 | Moyo Dambisa Fdirector | Grant | 1,272 | — |
| May 29, 2026 | Austin Wanda Mdirector | Grant | 1,272 | — |
| May 29, 2026 | HORTON THOMAS Wdirector | Grant | 1,272 | — |
| May 29, 2026 | WARNER CYNTHIA Jdirector | Grant | 1,272 | — |
| May 29, 2026 | Umpleby III Donald Jdirector | Grant | 1,272 | — |
| May 29, 2026 | HEWSON MARILLYN Adirector | Grant | 1,272 | — |
| May 22, 2026 | HESS JOHN Bdirector | Sell | 30,581 | $196.74 |
| May 22, 2026 | HESS JOHN Bdirector | Sell | 3,035 | $197.45 |
| May 22, 2026 | HESS JOHN Bdirector | Sell | 42,678 | $194.65 |
| May 22, 2026 | HESS JOHN Bdirector | Sell | 117,836 | $191.52 |
Source: CVX SEC Form 4 filings, latest May 29, 2026. For informational purposes only — not investment advice.
See the full CVX insider & 13F page →CVX research & analysis
Strait of Hormuz: Iran's 15-Ship Cap Threatens 20% of Global Crude — FRO, XOM, CVX in Focus
Iran's April 9 threat to limit Strait of Hormuz to 15 ships/day risks choking 20% of global crude, potentially surging tanker rates for FRO and oil prices for XOM, CVX, COP. Stocks rebounded slightly amid volatility, backed by strong FY2025 FCF and low leverage. Bullish on energy disruption premium.
XOMCOPFROStrait of Hormuz Closure: Why XOM and CVX Are Still Bullish Bets Right Now
ADNOC CEO's April 9 declaration of a shut Strait of Hormuz amplifies oil supply fears, but XOM and CVX's fortress finances and U.S. focus make them bullish bets. Recent price dips mask YTD gains and robust FY2025 results amid manageable regional hits.
XOMUSOStrait of Hormuz Security Plan: 6 Stocks Poised to Win — XOM, HII Top the List
US urgency for Strait of Hormuz security plans signals lower disruption risks, benefiting XOM/CVX (stable crudes), MATX/ZIM (safer shipping), and LMT/HII (naval contracts). Ranked conviction favors shipbuilders amid 2026 growth guides.
XOMMATXZIMWTI Crude Crashes 19% to $94 on Iran Ceasefire — OXY, CVX Earnings at Risk
WTI crude's 19% plunge to $94 support on US-Iran ceasefire news pressures energy earnings, with OXY facing $240M cash hit per $1/bbl drop and CVX's upstream exposed. XLE and USO track the downside, but technicals and OPEC may cap pain. Neutral: monitor break/hold for trades.
USOXLEOXYXOM, CVX, OXY: $44B Combined FCF Signals Oil Price Floor Is Here to Stay
Analyst's April 9, 2026, warning of sticky high oil prices post-Iran war signals prolonged boosts for XOM, CVX, and OXY, with 2025 FCF topping $44B combined and 2026 guidance pointing to further gains amid Middle East risks. Stocks offer compelling valuations and yields despite recent dips, positioning them as buys for sustained crude premiums.
XOMOXYJapan's 20-Day Oil Reserve Release: What It Means for XOM, CVX, and Energy Majors
Japan's consideration of releasing 20 days of oil reserves on April 9, 2026, signals response to Middle East-driven supply squeezes, capping near-term Brent upside but affirming pricing support for majors. XOM, CVX, TTE, and PBR boast fortress finances—$23B+ FCF each—and YTD gains of 25-61%, positioning them bullishly amid volatility. Investors should monitor release execution and OPEC+ reactions for next price leg.
XOMTTEPBRStrait of Hormuz Blocked: XOM Cuts Q1 Output 6% as Oil Majors Drop 3–5%
Shipping halted in the Strait of Hormuz on April 9, 2026, as Iran imposes terms, with the US prioritizing free passage. Exxon reports 6% Q1 production cuts from related Middle East disruptions; majors' stocks fell 3-5% but YTD gains exceed 20%, backed by $50B+ FCF and low leverage. Bullish setup if oil prices surge on sustained risks.
XOMBPSHELCVX Multi-Billion Impairment Warning: Why XOM and COP May Still Be Buys
Chevron's multi-billion Middle East impairment warning highlights Q1 2026 earnings risks from regional disruptions, echoed by XOM's quantified hits. Yet CVX, XOM, and COP boast fortress balance sheets, low leverage, and US shale buffers—positioning them to thrive if volatility lifts oil prices. Buy the dip for resilient FCF and production growth.
XOMCOPIran Strikes Kuwait: XOM, CVX, LMT Surge as Middle East Risk Escalates
Iran's confirmed attack on Kuwait's National Guard facilities escalates Middle East risks, disrupting XOM and CVX's regional production while boosting oil prices and LMT's defense demand. Majors show resilient valuations and strong YTD gains amid exposure. Bullish: Tensions favor energy cash cows and missile makers.
XOMLMTOXYHormuz Strait Tensions Spike Crude — XOM, CVX, OXY Positioned to Gain Most
Iran's reported control over the Hormuz Strait has the White House on defense, risking 20% of global oil flows and spiking crude prices. U.S. producers XOM, CVX, and OXY—bolstered by $40B+ FCF, low debt, and shale insulation—stand to gain most, with YTD gains of 26-35% signaling strength amid volatility.
XOMOXYHormuz Blockade: XOM, CVX Surge as Copper Miners FCX, BHP Stumble — AA Surprise
US Hormuz blockade plans sparked copper price drops and aluminum spread spikes, favoring oil majors like XOM, CVX, and OXY while pressuring copper miners FCX and BHP. Alcoa emerges as a metals winner. Ranked picks prioritize energy scale over mining exposure.
XOMOXYFCXHormuz Blockade: COP, XOM Surge as VLO Eyes Margin Windfall — WMT Holds Firm
US Hormuz blockade announcement on April 12, 2026, propelled oil over $100/bbl, favoring upstream leaders like COP and XOM while WMT and UNP showcase resilience. Energy stocks rally amid a severed historical correlation, with refiners like VLO poised for margin expansion. Ranked picks prioritize pure-play exposure at attractive multiples.
XOMCOPVLOHormuz Risk Rises as Iran Talks Collapse: XOM, CVX, OXY vs. LMT — Who Wins?
Escalating Lebanon conflict blocks Iran diplomatic resolution, heightening Strait of Hormuz risks for XOM, CVX, and OXY while driving LMT's missile demand. Oil majors' strong YTD gains and cost efficiencies position them for risk-premium upside; LMT's record backlog ensures growth. Investors should eye Hormuz threats and defense contracts as key monitors.
XOMLMTOXYOil Above $100: XOM and CVX Surge While AMZN, WMT, and F Face Fuel Crisis
US Hormuz blockade spikes oil >$100/bbl, favoring XOM and CVX with massive upstream upside while pressuring F, AMZN, WMT, and UNP via fuel costs. Ranked picks highlight energy leaders as buys amid sector divide.
XOMWMTAMZNHormuz Blockade Risk: XOM, CVX and FCX Ranked as Oil Eyes $110/bbl
Rising Strait of Hormuz tensions and Trump-era blockade speculation threaten oil supplies, favoring supermajors like XOM and CVX alongside copper miners FCX and BHP. Analysis ranks six plays by exposure, valuation, and financial strength amid potential $110/bbl crude.
XOMOXYFCXXOM and CVX: Federal Probe Threat Looks Overblown Against $324B Revenue Strength
Senator Warren's demand for a federal probe into suspicious oil trades amid Iran conflict rattled XOM, CVX, and USO shares briefly, but robust FY2025 financials ($324B/$184B revenue) and low debt signal resilience. Political risk looks overblown versus supply crunch fundamentals. Bulls should view dips as buys.
XOMUSOStrait of Hormuz Crisis: FRO Surges 55% YTD as XOM, CVX Face 20% Supply Cutoff Risk
Two supertankers U-turned in the Strait of Hormuz on April 12, 2026, amid US-Iran talks collapse, heightening risks for 20% of global crude flows. This boosts FRO's freight prospects (YTD +55%, low breakevens) while pressuring XOM/CVX's ME-exposed production (20% for XOM). Bullish tankers, cautious majors ahead of Q1 impacts.
XOMFROCOPLNG Stocks to Watch as Asia-Pacific Demand Surges — WDS, COP, CVX Ranked
Australia's reliance on LNG exports amid volatility spotlights US-listed winners like WDS and COP with direct Asia-Pacific ties. The article analyzes six firms' exposure, financials, and ranks conviction amid rising demand.
WDSCOPLNGHormuz Blockade Risks 20% Oil Supply Squeeze — XOM, CVX, SHEL Surge
Strait of Hormuz blockade has halted Iraqi oil exports at Basra hub, risking 20% global supply squeeze and $100 oil. XOM, CVX, and SHEL's low-debt profiles and strong FCF position them for explosive margins. Stocks surging 7-16% monthly signal investor bets on profit windfalls.
XOMSHELStrait of Hormuz Security Talks: What XOM and CVX Investors Need to Know
Senator Rubio's advocacy for a US-led Strait of Hormuz security plan amid G7 skepticism highlights oil supply risks for XOM and CVX. Both majors boast fortress balance sheets—XOM $670B cap, $23.6B FCF; CVX $395B, $16.6B FCF—with strong recent returns (+28-34% 3M/YTD). Stability here could drive EBITDA recovery and buyback acceleration.
XOM
Chevron Corporation company profile
Overview
Chevron Corporation (NYSE:CVX) is one of the world's largest integrated oil and gas companies, tracing its roots back to 1879 when it was founded as the Pacific Coast Oil Company. The company was formerly known as ChevronTexaco Corporation following its 2001 merger with Texaco, before adopting its current name in 2005. Headquartered in San Ramon, California (with plans to relocate to Houston), Chevron has evolved into a global energy giant operating across the entire petroleum value chain, from exploration and production to refining and marketing. The company has maintained a dividend for 38 consecutive years and is recognized as one of the major integrated oil companies alongside ExxonMobil, Shell, BP, and TotalEnergies.
Business
Chevron operates as an integrated oil and gas company, meaning it participates in every stage of the petroleum industry value chain. The company is organized into two primary business segments that generate distinct revenue streams: Upstream Operations (Oil & Gas Exploration and Production) represent the company's exploration, development, and production activities for crude oil and natural gas worldwide. This segment involves finding oil and gas reserves through geological surveys and exploratory drilling, developing those reserves through infrastructure construction, and producing hydrocarbons for sale. The upstream business also includes liquefied natural gas (LNG) operations, which involve processing natural gas into liquid form for easier transportation across oceans, and pipeline transportation of crude oil. Key upstream assets include the Permian Basin in Texas and New Mexico, operations in Kazakhstan through the Tengizchevroil joint venture, Gulf of Mexico deepwater projects, and international assets in countries like Australia and Angola. Downstream Operations (Refining and Marketing) encompass the company's refining of crude oil into petroleum products like gasoline, diesel, and jet fuel, along with the marketing and distribution of these refined products. This segment operates refineries that convert raw crude oil into consumer and industrial products, manages a network of retail gas stations under the Chevron and Texaco brands, and produces specialty chemicals and lubricants. The downstream business also includes renewable fuels production, particularly biodiesel and renewable diesel, as well as petrochemicals manufacturing for industrial applications. Based on recent financial reports, the upstream segment typically generates approximately 65-70% of total company earnings, while downstream operations contribute 25-30%, with the remainder coming from corporate activities and emerging energy ventures. The company also has growing investments in New Energies, including carbon capture and storage, hydrogen production, and renewable fuels, though these remain a small portion of overall revenue.
Revenue model
Chevron generates revenue through multiple complementary business models across its integrated operations. The upstream segment operates on a commodity sales model, selling crude oil and natural gas at prevailing market prices. Revenue fluctuates directly with global oil and gas prices, production volumes, and the company's cost structure. Customers include other oil companies, refiners, and industrial users who purchase these raw materials for further processing or energy generation. The downstream segment employs a manufacturing and retail model, purchasing crude oil (both from its own upstream operations and external suppliers), refining it into higher-value products, and selling these products to consumers and businesses. This segment benefits from refining margins - the difference between crude oil costs and refined product prices - rather than absolute commodity prices. Revenue comes from gasoline sales at retail stations, bulk sales of diesel and jet fuel to commercial customers, and sales of specialty chemicals and lubricants. Several factors significantly impact Chevron's profitability margins. Commodity price volatility represents the most significant external factor, as oil and gas prices directly affect upstream revenues while also influencing downstream input costs. Global supply and demand dynamics, including OPEC production decisions, geopolitical events, and economic growth rates, create substantial earnings variability. Refining crack spreads - the difference between crude oil prices and refined product prices - determine downstream profitability independent of absolute oil prices. Operational factors also influence margins, including production efficiency improvements, planned and unplanned facility downtime, and the company's ability to control operating expenses. Currency fluctuations affect international operations, while regulatory changes in environmental standards, tax policies, and trade restrictions can impact both costs and market access. The company's capital allocation efficiency in developing new projects and maintaining existing assets directly influences long-term profitability, as does its ability to achieve economies of scale in operations and procurement.
Competitive moat
Chevron possesses a moderate to strong economic moat built primarily on scale advantages, integrated operations, and strategic asset positioning, though this moat faces long-term challenges from energy transition trends. The company's integrated business model provides natural hedging between upstream and downstream operations - when oil prices rise, upstream profits increase while downstream margins may compress, and vice versa. This integration also enables the company to optimize crude oil flows between its own production and refining assets, reducing transportation costs and market timing risks. Scale and operational advantages form another key moat component. Chevron's massive global operations enable it to spread fixed costs across large production volumes, negotiate favorable terms with suppliers and service companies, and maintain specialized technical expertise that smaller competitors cannot afford. The company's established relationships with host governments and joint venture partners provide preferential access to high-quality oil and gas reserves, particularly in politically stable regions. Strategic asset quality strengthens the moat through ownership of long-life, low-cost production assets like the Permian Basin and Tengiz field in Kazakhstan. These assets generate substantial cash flows even during low oil price environments, providing competitive advantages over higher-cost producers. The company's downstream assets, including strategically located refineries and extensive retail networks, benefit from geographic positioning and established customer relationships. However, Chevron's moat faces significant long-term disruption risks from the global energy transition toward renewable energy sources and electric vehicles. While this transition will likely unfold over decades rather than years, it represents an existential challenge to the traditional oil and gas business model. Regulatory pressures for carbon emissions reduction, potential carbon pricing mechanisms, and shifting investor sentiment toward ESG considerations also threaten long-term competitive positioning. Technological disruption in areas like battery storage, renewable energy generation, and electric transportation could accelerate demand destruction for petroleum products faster than currently anticipated.
Risks & safety
Chevron demonstrates a strong margin of safety with robust financial metrics and conservative capital structure, though commodity price volatility creates earnings uncertainty. Financial Strength: • Net debt ratio of approximately 14% indicates minimal solvency risk • Strong current ratio of 1.08 suggests adequate short-term liquidity • Free cash flow generation of $15+ billion annually provides substantial financial flexibility • Cash and short-term investments of $4.6-6.8 billion offer additional liquidity buffer Valuation Metrics: • Price-to-earnings ratio of 14-21x appears reasonable for integrated oil company • EV/EBITDA of 6-8x suggests moderate valuation relative to cash generation • Price-to-book ratio of 1.7-2.0x reflects market recognition of asset quality • Graham number calculations indicate potential undervaluation at current levels Other Considerations: • Dividend yield supported by strong cash flow generation and 38-year growth streak • Diversified geographic and operational exposure reduces single-point-of-failure risks • Commodity price sensitivity creates earnings volatility but company maintains profitability across price cycles • Capital discipline and cost reduction initiatives enhance downside protection
Recent development
Over the past several years, Chevron has pursued a strategy focused on capital discipline, operational efficiency, and selective growth in both traditional and new energy sectors. The company has significantly enhanced its Permian Basin operations, achieving record production levels approaching 1 million barrels per day through technological improvements and strategic acquisitions, including the integration of PDC Energia assets that exceeded synergy targets. A major strategic milestone has been the progression of the Tengizchevroil (TCO) Future Growth Project in Kazakhstan, which achieved first oil in 2024 after years of development. This project represents one of the world's largest oil expansion projects and is expected to generate substantial free cash flow once fully operational. Similarly, Chevron has advanced several Gulf of Mexico deepwater projects, including achieving first oil at Ballymore and developing enhanced 20,000 psi drilling capabilities. The company has made significant moves in portfolio optimization, completing approximately $8 billion in asset sales across Canada, Alaska, and Congo while simultaneously investing in higher-return opportunities. Chevron has also relocated its headquarters from San Ramon to Houston, reflecting its strategic focus on major oil and gas basins. In new energy ventures, Chevron has expanded its renewable fuels business through the REG acquisition and Geismar plant operations, selling over 20 million barrels of bio-based diesel. The company is advancing carbon capture, utilization, and storage (CCUS) projects, hydrogen initiatives, and exploring power solutions for AI data centers, leveraging its natural gas position and power generation expertise. A key strategic initiative involves targeting $2-3 billion in structural cost reductions by 2026 through technology implementation, process standardization, and global capability centers.
CVX company profile · for informational purposes only — not investment advice.
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