Chevron Stock Forecast

Stock Price Forecast

The 17 analysts with 12-month price forecasts for Chevron stock have an average target of 186.76, with a low estimate of 160 and a high estimate of 206. The average target predicts an increase of 19.15% from the current stock price of 156.75.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$160	$186.76	$190	$206
Change	+2.07%	+19.15%	+21.21%	+31.42%

* Price targets were last updated on May 13, 2024.

Analyst Ratings

The average analyst rating for Chevron stock from 18 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '24	Feb '24	Mar '24	Apr '24	May '24	Jun '24
Strong Buy	6	6	6	6	6	6
Buy	6	6	4	7	7	7
Hold	7	8	8	6	6	5
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	19	20	18	19	19	18

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Nitin Kumar Mizuho	Mizuho	Strong Buy Maintains $200 → $205	Strong Buy	Maintains	$200 → $205	+30.78%	May 13, 2024
Neal Dingmann Truist Securities	Truist Securities	Hold Maintains $156 → $166	Hold	Maintains	$156 → $166	+5.90%	May 10, 2024
Gordon Gray HSBC	HSBC	Strong Buy Maintains $175 → $178	Strong Buy	Maintains	$175 → $178	+13.56%	Apr 30, 2024
Roger Read Wells Fargo	Wells Fargo	Buy Maintains $198 → $206	Buy	Maintains	$198 → $206	+31.42%	Apr 30, 2024
Jason Gabelman TD Cowen	TD Cowen	Hold Maintains $155 → $160	Hold	Maintains	$155 → $160	+2.07%	Apr 29, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

203.52B

from 200.95B

1.28%

from 200.95B

Revenue Next Year

204.45B

from 203.52B

0.46%

from 203.52B

EPS This Year

12.93

from 11.36

13.85%

from 11.36

EPS Next Year

14.36

from 12.93

11.05%

from 12.93

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	146.52B	94.69B	162.47B	246.25B	200.95B	203.52B	204.45B	200.64B	156.34B	155.65B
Revenue Growth	-11.92%	-35.37%	71.57%	51.57%	-18.40%	1.28%	0.46%	-1.86%	-22.08%	-0.44%
EPS	1.54	-2.96	8.14	18.28	11.36	12.93	14.36	14.64	14.05	14.73
EPS Growth	-80.10%	-	-	124.57%	-37.86%	13.85%	11.05%	1.95%	-4.05%	4.84%
Forward PE	-	-	-	-	-	12.12	10.91	10.71	11.16	10.64
No. Analysts	-	-	-	-	-	27	27	18	5	4

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	229.9B	238.7B	241.6B	162.5B	161.8B
Avg	203.5B	204.4B	200.6B	156.3B	155.7B
Low	183.6B	155.0B	162.1B	151.7B	151.0B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	14.4%	17.3%	18.2%	-19.0%	3.5%
Avg	1.3%	0.5%	-1.9%	-22.1%	-0.4%
Low	-8.6%	-23.8%	-20.7%	-24.4%	-3.4%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	15.58	19.36	17.68	16.53	16.87
Avg	12.93	14.36	14.64	14.05	14.73
Low	10.17	8.60	10.10	11.93	12.77

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	37.2%	49.7%	23.1%	12.9%	20.1%
Avg	13.8%	11.0%	2.0%	-4.1%	4.8%
Low	-10.5%	-33.5%	-29.6%	-18.5%	-9.1%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.