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 $217.88. The average 1-year stock price forecast is 5.89% higher than the current stock price, while the lowest is $175 (-14.95%) and the highest is $236 (+14.69%).

Price Target: $217.88 (+5.89%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	$175	$217.88	$221	$236
Change	-14.95%	+5.89%	+7.40%	+14.69%

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	Mar '26	Apr '26	May '26	Jun '26	Jul '26	Aug '26
Strong Buy	12	13	13	13	14	14
Buy	5	5	5	5	6	6
Hold	7	6	6	5	4	4
Sell	1	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	26	25	25	24	25	25

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Devin McDermott Morgan Stanley	Morgan Stanley	Buy Maintains $210 → $218	Buy	Maintains	$210 → $218	+5.94%	Aug 19, 2026
Betty Jiang Barclays	Barclays	Hold Maintains $216 → $208	Hold	Maintains	$216 → $208	+1.08%	Aug 17, 2026
Arun Jayaram J.P. Morgan	J.P. Morgan	Buy Maintains $190 → $222	Buy	Maintains	$190 → $222	+7.89%	Aug 5, 2026
Jason Gabelman TD Cowen	TD Cowen	Hold Maintains $200 → $205	Hold	Maintains	$200 → $205	-0.37%	Aug 5, 2026
Pei Hwa Ho DBS	DBS	Buy Maintains $222	Buy	Maintains	$222	+7.89%	Aug 4, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

226.01B

from 184.65B

22.39%

from 184.65B

Revenue Next Year

209.51B

from 226.01B

-7.30%

from 226.01B

EPS This Year

15.89

from 7.29

118.01%

from 7.29

EPS Next Year

13.23

from 15.89

-16.78%

from 15.89

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	226.01B
Revenue Growth	64.96%	52.14%	-17.43%	0.40%	-5.58%	22.39%
Gross Profit	63.58B	91.69B	76.53B	77.30B	77.36B	94.92B
Gross Margin	41.00%	38.87%	39.29%	39.53%	41.90%	42.00%
Operating Income	16.09B	42.01B	26.96B	22.32B	17.63B	45.61B
Net Income	15.63B	35.47B	21.37B	17.66B	12.30B	30.23B
EPS	-	-	-	-	7.29	15.89
EPS Growth	-	-	-	-	-27.46%	118.01%
Forward PE	11.33	10.45	10.53	14.35	21.05	12.95
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%	4.27%
Free Cash Flow	18.44B	31.69B	14.52B	15.73B	13.20B	38.43B
No. Analysts	-	-	-	-	-	13

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

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	243.5B
Avg	226.0B
Low	204.6B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	31.9%
Avg	22.4%
Low	10.8%

EPS Forecast

Chart

EPS	2026	2027	2028
High	17.77
Avg	15.89
Low	13.98

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	143.7%
Avg	118.0%
Low	91.8%