Chevron Stock Forecast

Stock Price Forecast

According to 25 analysts polled by S&P Global, Chevron stock has a consensus rating of "Buy" and an average price target of $227.92. The average 1-year stock price forecast is 1.30% higher than the current stock price, while the lowest is $175 (-22.22%) and the highest is $253 (+12.45%).

Price Target: $227.92 (+1.30%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	$175	$227.92	$229	$253
Change	-22.22%	+1.30%	+1.78%	+12.45%

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

Chart

Rating	May '26	Jun '26	Jul '26	Aug '26	Sep '26	Oct '26
Strong Buy	13	13	14	14	14	14
Buy	5	5	6	6	6	6
Hold	6	5	4	4	4	4
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	25	24	25	25	25	25

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Devin McDermott Morgan Stanley	Morgan Stanley	Buy Maintains $218 → $226	Buy	Maintains	$218 → $226	+0.45%	Oct 15, 2026
Sam Margolin Wells Fargo	Wells Fargo	Buy Maintains $230	Buy	Maintains	$230	+2.23%	Oct 14, 2026
Betty Jiang Barclays	Barclays	Hold Maintains $208	Hold	Maintains	$208	-7.55%	Oct 14, 2026
Arun Jayaram J.P. Morgan	J.P. Morgan	Buy Maintains $222 → $241	Buy	Maintains	$222 → $241	+7.12%	Oct 13, 2026
Biraj Borkhataria RBC Capital	RBC Capital	Buy Reiterates $230	Buy	Reiterates	$230	+2.23%	Oct 13, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

239.51B

from 184.65B

29.71%

from 184.65B

Revenue Next Year

224.99B

from 239.51B

-6.06%

from 239.51B

EPS This Year

17.29

from 7.29

137.12%

from 7.29

EPS Next Year

15.19

from 17.29

-12.14%

from 17.29

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	155.07B	235.92B	194.80B	195.57B	184.65B	239.51B
Revenue Growth	64.96%	52.14%	-17.43%	0.40%	-5.58%	29.71%
Gross Profit	63.58B	91.69B	76.53B	77.30B	77.36B	114.01B
Gross Margin	41.00%	38.87%	39.29%	39.53%	41.90%	47.60%
Operating Income	16.09B	42.01B	26.96B	22.32B	17.63B	50.75B
Net Income	15.63B	35.47B	21.37B	17.66B	12.30B	33.23B
EPS	-	-	-	-	7.29	17.29
EPS Growth	-	-	-	-	-27.46%	137.12%
Forward PE	11.33	10.45	10.53	14.35	21.05	13.02
Dividend / Share	5.31	5.68	6.04	6.52	6.84	7.13
Dividend Growth	2.91%	6.97%	6.34%	7.95%	4.91%	4.30%
Free Cash Flow	-	-	-	-	16.60B	42.53B
No. Analysts	-	-	-	-	-	13

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	256.2B
Avg	239.5B
Low	226.3B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	38.8%
Avg	29.7%
Low	22.5%

EPS Forecast

Chart

EPS	2026	2027	2028
High	19.20
Avg	17.29
Low	13.98

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	163.4%
Avg	137.1%
Low	91.8%