Chevron Stock Forecast

Stock Price Forecast

The 19 analysts that cover Chevron stock have a consensus rating of "Buy" and an average price target of $174.37, which forecasts a -6.16% decrease in the stock price over the next year. The lowest target is $124 and the highest is $206.

Price Target: $174.37 (-6.16%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$124	$174.37	$174	$206
Change	-33.27%	-6.16%	-6.36%	+10.86%

Analyst Ratings

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

Recommendation Trends

Rating	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26
Strong Buy	3	3	3	3	5	5
Buy	6	7	8	8	9	8
Hold	5	5	5	4	5	4
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	2	2
Total	15	16	17	16	21	19

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Sam Margolin Wells Fargo	Wells Fargo	Buy Maintains $196 → $204	Buy	Maintains	$196 → $204	+9.78%	Feb 2, 2026
Devin McDermott Morgan Stanley	Morgan Stanley	Buy Maintains $180 → $174	Buy	Maintains	$180 → $174	-6.36%	Jan 23, 2026
Betty Jiang Barclays	Barclays	Hold Maintains $158 → $166	Hold	Maintains	$158 → $166	-10.67%	Jan 21, 2026
Arun Jayaram JP Morgan	JP Morgan	Buy Initiates $176	Buy	Initiates	$176	-5.28%	Jan 20, 2026
Lloyd Byrne Jefferies	Jefferies	Strong Buy Maintains $174 → $189	Strong Buy	Maintains	$174 → $189	+1.71%	Jan 14, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

186.31B

from 186.03B

0.15%

from 186.03B

Revenue Next Year

197.79B

from 186.31B

6.16%

from 186.31B

EPS This Year

6.80

from 6.63

2.62%

from 6.63

EPS Next Year

9.27

from 6.80

36.28%

from 6.80

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	155.07B	235.92B	194.80B	195.57B	186.03B	186.31B	197.79B
Revenue Growth	64.96%	52.14%	-17.43%	0.40%	-4.88%	0.15%	6.16%
EPS	8.14	18.28	11.36	9.72	6.63	6.80	9.27
EPS Growth	-	124.57%	-37.86%	-14.44%	-31.79%	2.62%	36.28%
Forward PE	-	-	-	-	-	27.31	20.04
No. Analysts	-	-	-	-	-	28	25

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

Revenue Forecast

Revenue	2026	2027
High	218.0B	249.0B
Avg	186.3B	197.8B
Low	151.5B	165.0B

Revenue Growth

Revenue Growth	2026	2027
High	17.2%	33.6%
Avg	0.1%	6.2%
Low	-18.6%	-11.5%

EPS Forecast

EPS	2026	2027
High	8.53	13.19
Avg	6.80	9.27
Low	4.61	6.07

EPS Growth

EPS Growth	2026	2027
High	28.6%	93.8%
Avg	2.6%	36.3%
Low	-30.5%	-10.8%

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.