Chevron Corporation (CVX)
| Market Cap | 305.04B |
| Revenue (ttm) | 200.95B |
| Net Income (ttm) | 21.37B |
| Shares Out | 1.86B |
| EPS (ttm) | 11.36 |
| PE Ratio | 14.41 |
| Forward PE | 13.22 |
| Dividend | $6.52 (3.97%) |
| Ex-Dividend Date | Feb 15, 2024 |
| Volume | 2,492,028 |
| Open | 165.23 |
| Previous Close | 165.28 |
| Day's Range | 163.30 - 166.98 |
| 52-Week Range | 139.62 - 171.70 |
| Beta | 1.13 |
| Analysts | Buy |
| Price Target | 184.61 (+12.45%) |
| Earnings Date | Apr 26, 2024 |
About CVX
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and s... [Read more]
Financial Performance
In 2023, Chevron's revenue was $200.95 billion, a decrease of -18.40% compared to the previous year's $246.25 billion. Earnings were $21.37 billion, a decrease of -39.75%.
Financial StatementsAnalyst Forecast
According to 19 analysts, the average rating for CVX stock is "Buy." The 12-month stock price forecast is $184.61, which is an increase of 12.45% from the latest price.
News
Chevron Posts Revenue, Profit Decline as Lower Natural Gas Prices Hit Margins
Chevron (CVX) on Friday reported first-quarter results roughly in line with analyst estimates, which predicted a decrease in revenue and profit from the same time last year.
Chevron beats earnings estimates but profit falls on lower refining margins and natural gas prices
CNBC's Becky Quick reports on the company's quarterly earnings results.
Simpson likes $COP and $MPC ‘a little better' than Chevron after its Q1 earnings
Chevron Corp is in focus this morning after coming in shy of revenue estimates for its fiscal first quarter. Kevin Simpson shares his view on Chevron stock The energy giant attributed the weakness to...
Big oil earnings: Three things to watch for as ExxonMobil, Chevron and Phillips 66 report financial results today
Today, big oil is firmly in the spotlight, with ExxonMobil, Chevron, TotalEnergies, Phillips 66 and Imperial Oil all reporting their latest earnings within hours of each other. It may well make for in...
Chevron stock slip toward first loss in 8 sessions as profit and revenue fall, but top forecasts
Shares of Chevron Corp. CVX, +1.05% slipped 0.4% in premarket trading Friday, putting them in danger of snapping a seven-session losing streak, after the oil giant reported first-quarter profit and re...
Chevron reports Q1 profit beat
Oil giant Chevron Corp beat estimates for first-quarter profit on Friday as higher production volumes helped offset an impact from weak natural gas prices.
Chevron beats earnings estimates but profit falls on lower refining margins and natural gas prices
Chevron produced 1.57 million barrels of oil equivalent daily in the U.S. for the quarter, an increase of 35% over the same period last year.
Chevron Reports First Quarter 2024 Results
SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) reported earnings of $5.5 billion ($2.97 per share - diluted) for first quarter 2024, compared with $6.6 billion ($3.46 per share - ...
Why ExxonMobil and Chevron Q1 Earnings Are Expected To Fall Despite Rising Oil Prices
The first-quarter earnings reports for U.S. energy giants ExxonMobil (XOM) and Chevron (CVX) coming this week should confirm that, when it comes to Big Oil, it's not solely about crude prices.
Chevron-target Hess reports Q1 profit beat on higher production
Hess Corp reported a first-quarter profit on Thursday that beat analysts' estimates, helped by higher production from the oil and gas company that is set to be acquired by U.S. energy major Chevron in...
Tengizchevroil starts WPMP operations at Tengiz oil field in Kazakhstan
SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) announced today that its 50 percent owned affiliate Tengizchevroil LLP (TCO) has safely commenced operations at its Wellhead Pressur...
Up 9% Year To Date, Will Chevron's Gains Continue Following Q1 Results?
Chevron Corporation (NYSE: CVX), a company manufacturing and selling a range of refined petroleum products, including gasoline, diesel, marine, and aviation fuels, premium base oil, finished lubricant...
Hess sets April 12 record date for shareholder vote on Chevron merger
Hess Corp on Wednesday said its board has set April 12 as the record date for the determination of the stockholders entitled to vote on the proposed merger with Chevron Corp.
Chevron Debuts Proven Industrial System Cleaner at the NPE2024 Plastics Show
SAN RAMON, Calif.--(BUSINESS WIRE)--Today, Chevron announced its upcoming appearance at the NPE2024 Plastics Show from May 6-10th in Orlando, FL, showcasing its field-tested VARTECH® Industrial System...
Proposed Oil Mergers Will Improve Competition
Under Chairperson Lina Khan, the Federal Trade Commission (FTC) has consistently used speculative consumer harms to justify regulatory actions. Unfortunately, these actions often stop mergers that wou...
Federal Agencies Target ExxonMobil And Chevron Acquisitions
The Securities and Exchange Commission and Federal Trade Commission are evaluating pending oil company consolidations because of antitrust and climate related concerns. The ExxonMobil XOM acquisition ...
Chevron President Sees Lowering Carbon As the Future
Jeff Gustavson, President of Chevron New Energies, joins Paul Sweeney and Alix Steel at the BNEF Summit to discuss why Chevron believes the future of energy is lower carbon. -------- More on Bloomberg...
Chevron arm launches $500 million fund to invest in low carbon technologies
Chevron's venture capital arm launched on Tuesday its third fund to invest in renewable energy technologies with a $500 million commitment, as oil majors look to diversify their business in the face o...
XOM, CVX: What Middle East Tensions Mean for Energy Stocks
What do rising Middle East tensions mean for energy stocks? Stewart Glickman discusses energy stocks highlighting that Exxon Mobil (XOM) and Chevron (CVX) report earnings on Friday, April 26th.
Three Stock Lunch: Intel, Arista Networks and Chevron
Eva Ados, ERShares chief investment strategist and COO, joins 'Power Lunch' to discuss Ados' investing take on three stocks: Intel, Arista Networks, and Chevron.
Final Trades: Toast, Chevron, Chubb and GSG
Rich Saperstein shares his latest trade the Investment Committee give you their top stocks to watch for the second half.
Calls of the Day: Chevron, Qualcomm, Costco, Nasdaq and American Express
The Investment Committee discuss the latest Calls of the Day.
Brightmark® RNG Holdings Completes Eloy Development, Launching Renewable Natural Gas Production in the US Southwest
SAN FRANCISCO , April 10, 2024 /PRNewswire/ -- Brightmark RNG Holdings LLC announces the opening of its Eloy Renewable Natural Gas (RNG) center, which will produce RNG from dairy manure using anaerobi...
Chevron Joins Tesla as Most Shorted Large-Cap Security in March, Finds Hazeltree Shortside Crowdedness Report
NEW YORK & LONDON--(BUSINESS WIRE)--Chevron and Tesla topped the Americas large-cap list for most shorted stocks in March, according to the latest Shortside Crowdedness Report from Hazeltree, a leader...
Chevron CEO's pay rose 12% to $26.5 million in 2023
U.S. oil major Chevron's CEO Michael Wirth was paid $26.5 million in 2023, a 12.2% increase from the prior year, a securities filing showed on Wednesday.