Chevron Corporation
- Open
- 169.70
- Day high
- 169.70
- Day low
- 164.78
- Prev close
- 165.61
- Volume
- 685K
- Mkt cap
- $329.8B
- P/E (TTM)
- 28.6
- EPS (TTM)
- $5.81
- 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
Iran Deal Stalls: Why XOM, CVX, LMT, RTX Keep Rallying Despite Diplomacy
Trump's call for an Iran deal post-bridge strike underscores stalled diplomacy, sustaining oil risk premiums that boost XOM and CVX's FCF machines while padding LMT and RTX's massive backlogs. Recent price surges (XOM +28% YTD, LMT +30%) and strong guidance signal multi-quarter tailwinds. Bulls prevail unless breakthrough talks emerge.
XOMLMTRTXOil Hits $150 on Hormuz Crisis — XOM and CVX Lead as Asia Pivots to US Supply
Hormuz crisis spikes oil to $150/bbl, boosting US exporters as Asia pivots via barter. XOM and CVX lead with integrated Asia exposure; COP/OXY follow on upstream strength. Refiners MPC/VLO gain margins but rank lower.
XOMCOPOXYOil Hits $150 on Hormuz Crisis: OXY, SLB Surge While AAL and DAL Face Margin Collapse
Hormuz crisis spikes oil to $150/bbl, boosting XOM, CVX, OXY, SLB via upstream cash flows while unhedged AAL and DAL face margin squeezes. OXY leads winners on Permian leverage; airlines trail on fuel exposure.
XOMOXYSLBHormuz Crisis Sends Oil to $150: XOM, OXY Win Big as CAT and Ford Take the Hit
The April 7 Hormuz crisis spiked oil to $150/bbl, boosting energy producers XOM, CVX, OXY, and COP via upstream leverage while pressuring CAT and F with input costs. OXY leads conviction for its high-beta exposure; industrials lag. Watch geopolitics and inventories for sustainability.
XOMOXYCOPOil Supply Shock: XOM, CVX Surge While UAL, DAL Face Fuel Cost Crisis
Seaborne oil cargo prices surged on April 3, 2026, amid supply disruption fears, favoring energy producers like XOM, CVX, COP, and VLO while pressuring airlines UAL and DAL. Integrated majors lead with robust FCF and growth, ranked by conviction. Watch fuel cracks and OPEC+ for thesis confirmation.
XOMCOPVLOStrait of Hormuz Reopens: CVX and XOM Win as FRO and ZIM Face Rate Pressure
US-Iran's April 8 ceasefire reopens the Strait of Hormuz, easing shipping risks after months of attacks that boosted FRO and ZIM rates. Energy giants CVX and XOM benefit from supply normalization, supporting margins amid strong FY2025 cash flows. Tankers face rate pressure; majors gain defensive edge.
ZIMFROXOMStrait of Hormuz: 2-Week Ceasefire Frees 20% of Global Crude — XOM, CVX, FRO in Focus
US-Iran 2-week ceasefire reopens Strait of Hormuz, easing 20% of global crude flows and boosting oil majors/tankers like XOM, CVX, FRO. Stocks rebounded amid FY2025 strength ($23B+ FCF each), but fragility warrants caution. Bullish short-term on supply relief, watch extension.
XOMCOPFROCrude Oil Drops $12 to $100.90 on Iran Ceasefire — What It Means for USO, XOM, CVX
Trump's April 7, 2026, announcement of a two-week Iran ceasefire triggered a $12 plunge in crude to $100.90/bbl, easing near-term supply disruption fears after weeks of $110 spikes. Majors XOM, CVX, and COP stabilized with positive returns, their strong margins and low leverage buffering the dip amid ongoing geopolitical watchpoints.
USOXOMCOPHormuz Shipping at Risk After UN Veto — XOM, CVX, OXY Primed as Oil Spikes
China and Russia's veto of a UN resolution protecting Strait of Hormuz shipping heightens risks to 20% of global oil flows, potentially boosting prices and favoring XOM, CVX, and OXY amid strong financials and low leverage. Logistics firms like UPS and FDX face headwinds from higher costs, while the market's muted reaction leaves room for catch-up rallies.
XOMOXYUPSIran De-Escalation Threatens XOM and CVX Oil Rally — Is LMT's Defense Run Over?
Trump's April 7 suspension of Iran attacks eases tensions, risking an oil premium unwind that pressures XOM, CVX, and USO while steadying LMT's defense demand. Strong FCF and low leverage provide buffers, positioning oil majors for dips as buying opportunities amid robust YTD gains.
XOMLMTUSOIran Ceasefire Lifts Futures but Pressures XOM, CVX, LMT — Where to Buy the Dip
Trump's April 7, 2026, announcement of a two-week Iran ceasefire drove oil prices down and futures up, with XOM and CVX gaining modestly after 30%+ runs, LMT slipping 1.6%, and EWJ stabilizing. Energy stocks offer dip-buy value amid strong FCF and low debt, while Japanese equities eye rebound. Buy XOM/CVX, overweight EWJ, neutral LMT.
XOMLMTEWJHormuz De-Escalation Slides Brent: Why JPM and XOM Beat OXY Right Now
Pakistan's April 7 call for Hormuz opening slid Brent, favoring integrated oils (XOM, CVX) via refining and banks (JPM, BAC) via stability over upstream (OXY). JPM tops conviction on cheap P/E and growth.
XOMJPMBACBrent Crude Slides on Hormuz News: OXY Ranked Top Loser, F Top Winner
Pakistan's April 7, 2026, plea to open the Strait of Hormuz triggered a Brent slide, pressuring energy stocks like OXY and SLB while aiding Ford and Walmart via cheaper gas. Analysis ranks OXY as top loser and F as prime winner based on TTM metrics and guidance.
XOMOXYSLBOil Hits Record High: COP, XOM, CVX Cash In While BA and AMZN Face the Squeeze
Oil's record high on April 7 spotlights winners like COP, XOM, CVX with surging FCF, versus losers BA, AMZN, JPM facing cost/inflation pressures. Ranked picks favor lean producers.
XOMCOPBABrent Above $120 Despite Ceasefire: XOM, CVX, COP Lead as Asia Pivots to US Oil
Despite a US-Iran ceasefire, Middle East disruptions keep Brent above $120/bbl, spurring Asian buyers to US exporters via barter shifts. ExxonMobil, ConocoPhillips, and Chevron top the ranked list for their scale, growth, and LNG exposure. Refiners like MPC and VLO provide value amid high cracks.
XOMCOPOXYStrait of Hormuz Reopening: Is XLE's 12% Rally Already Priced In — or Is OIH Next?
Bloomberg's April 8 note flags markets pricing a Strait of Hormuz reopening, stabilizing XLE at $61 after a 12% March rally. Oil services via OIH remain bullish on lingering risks, with HAL and SLB showing strong YTD gains and undervalued multiples. Watch shipping flows and Q1 earnings for next moves.
XLEOIHXOMOil Drops Below $100 on Iran Ceasefire Talks — What It Means for XOM, CVX, OXY
A UN envoy's April 8 arrival in Iran to end the conflict sent oil below $100, reversing gains for XOM, CVX, OXY, and COP after weeks of supply fears. Strong balance sheets and production ramps provide downside protection, while LMT's defense backlog benefits from uncertainty. Markets eye diplomatic breakthroughs for broader relief.
XOMOXYCOPXLE Holds Strong as Iran Ceasefire Stalls — Can Oil Stay Above $110?
Trump's failed Iran ceasefire proposal highlights MAGA divisions, sustaining oil above $110 and XLE's strong YTD gains. Majors like XOM and CVX show resilient FCF amid risks flagged in filings. Bullish on prolonged tensions driving sector upside, with key catalysts ahead.
XLEXOMCOPIran Ceasefire at Risk: XOM, CVX, LMT, NOC Dip Despite 25–30% YTD Gains
April 8, 2026 ceasefire updates highlight Iran's Hormuz leverage, White House negotiation progress, and Lebanon exclusion amid Israeli strikes, pressuring the truce. XOM, CVX, LMT, and NOC dipped sharply but boast 25-30% YTD gains on tension tailwinds, backed by massive backlogs, production records, and attractive valuations signaling buy-the-dip potential.
XOMLMTNOCSaudi East-West Pipeline Attack: Rally Catalyst for XOM, CVX, and COP?
Saudi East-West pipeline attack on Apr 8 risks oil supply, but XOM/CVX/COP's integration, strong FY25 financials ($24-68B EBITDA), low debt, and non-OPEC growth make them bullish bets amid volatility.
XOMCOPUSO
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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