FY2026 EPS Forecast for Chevron Increased by Analyst

Chevron Corporation (NYSE:CVX) – Investment analysts at Erste Group Bank lifted their FY2026 earnings per share (EPS) estimates for shares of Chevron in a research report issued to clients and investors on Thursday, October 8th. Erste Group Bank analyst H. Engel now expects that the oil and gas company will post earnings per share of $16.90 for the year, up from their previous estimate of $16.09. The consensus estimate for Chevron’s current full-year earnings is $17.34 per share. Erste Group Bank also issued estimates for Chevron’s FY2027 earnings at $13.78 EPS.

Several other research analysts also recently commented on CVX. JPMorgan Chase & Co. boosted their target price on Chevron from $190.00 to $222.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. UBS Group lifted their price target on shares of Chevron from $220.00 to $235.00 and gave the company a “buy” rating in a report on Thursday. TD Cowen upped their price objective on shares of Chevron from $215.00 to $225.00 and gave the stock a “hold” rating in a research report on Monday. Zacks Research upgraded shares of Chevron from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Finally, BMO Capital Markets increased their price objective on shares of Chevron from $210.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.08.

Chevron Stock Performance

NYSE:CVX opened at $214.89 on Tuesday. Chevron has a twelve month low of $146.49 and a twelve month high of $217.78. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The stock’s 50-day simple moving average is $204.94 and its 200 day simple moving average is $193.04. The firm has a market capitalization of $424.57 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 0.59 and a beta of 0.53.

Chevron (NYSE:CVX) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The company had revenue of $67.20 billion during the quarter, compared to analysts’ expectations of $62.72 billion. During the same quarter in the previous year, the firm earned $1.77 EPS. Chevron’s revenue was up 57.4% on a year-over-year basis.

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th were issued a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron’s dividend payout ratio is presently 68.26%.

Insider Transactions at Chevron

In other news, insider R. Pate sold 2,470 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total transaction of $506,621.70. Following the sale, the insider directly owned 10,794 shares in the company, valued at approximately $2,213,957.34. The trade was a 18.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John B. Hess sold 710,665 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $194.10, for a total value of $137,940,076.50. Following the completion of the transaction, the director directly owned 363,711 shares of the company’s stock, valued at $70,596,305.10. This represents a 66.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,152,582 shares of company stock worth $225,853,661 in the last 90 days. 0.56% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Chevron

A number of institutional investors have recently added to or reduced their stakes in the business. Midwest Capital Advisors LLC purchased a new stake in Chevron in the first quarter worth approximately $25,000. Phillip James Consulting Co. bought a new stake in Chevron in the 4th quarter worth approximately $26,000. Basso Capital Management L.P. purchased a new stake in Chevron during the 4th quarter valued at $27,000. Main Street Group LTD purchased a new stake in Chevron during the 1st quarter valued at $28,000. Finally, Kilter Group LLC purchased a new stake in Chevron during the 2nd quarter valued at $28,000. 72.42% of the stock is owned by institutional investors.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron was added to Zacks’ Rank #1 (Strong Buy) income-stocks list, reinforcing the appeal of its dividend and operating outlook. Best Income Stocks to Buy for October 13th
• Positive Sentiment: TD Cowen raised its Chevron price target from $215 to $225 while maintaining a Hold rating. The higher target reflects potential upside supported by production growth, cost savings and cash flow. Chevron Stock Gets Price Target Increase from TD Cowen
• Positive Sentiment: Chevron and Egypt are advancing discussions surrounding Cyprus’ Aphrodite gas field and pipeline, including commercial agreements, long-lead procurement and a potential final investment decision. Progress could create a longer-term international gas-growth catalyst. Chevron and Egypt Discuss Next Steps for Aphrodite Gas Pipeline
• Positive Sentiment: Analysts continue to cite Chevron’s strong cash flow, expanding production, cost reductions, Hess integration and upbeat 2026 earnings expectations. The stock has outperformed the broader energy industry over recent months. CVX Outpaces Industry in Past 6 Months
• Neutral Sentiment: Chevron’s planned January 2027 leadership changes will make Jeff Gustavson CFO and move current CFO Eimear Bonner to lead Oil, Products & Gas. The restructuring ties New Energies more closely to the core business, but execution risks remain. Chevron CFO Shake-Up
• Negative Sentiment: Hurricane-related shutdowns temporarily disrupted U.S. Gulf oil production, although Chevron and other major producers are restoring output. The interruption could weigh on near-term volumes and earnings. U.S. Gulf Oil Production Restored After Hurricane
• Negative Sentiment: Chevron’s CEO warned that restrictions on diesel and fuel exports could backfire, potentially tightening regional supply and creating unfavorable market distortions. Separately, the average reported price target of $213.08 is slightly below the stock’s opening price, suggesting limited consensus upside. Chevron CEO Warns Against Diesel and Fuel Export Decision

Chevron Company Profile

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.