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Chevron Corporation $CVX

Energy · Integrated Oil & Gas · NYSE/NASDAQ

S&P 500 Dow Jones Russell 1000 Texas

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$223.30

-1.08 (-0.48%)

As of Oct 20, 2026, 11:58 AM EDT

Price history

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Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts May 26, 2026, the first target we tracked for CVX.

Key facts

52-week range (closes): $146.75 – $217.77 Lowest close Dec 16, 2025, highest Sep 15, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
Next earnings: Oct 30, 2026, before the open · EPS forecast $4.74 Nasdaq earnings calendar, as of Oct 20, 2026
Fiscal year ends: December Fiscal 2025 ended Dec 31, 2025, from SEC filings
In the S&P 500 since: Mar 4, 1957 · All S&P 500 changes
In the Dow since: Feb 19, 2008, replacing Altria (MO) and Honeywell (HON) · Also 1930–1999 · All Dow changes
Analyst coverage: 18 open price targets from 12 firms: Morgan Stanley, TD Cowen, Barclays, Mizuho, Bank of America, BMO Capital Markets, BNP Paribas Exane, Goldman Sachs, HSBC, Piper Sandler, Raymond James, UBS Approved targets tracked here; see the analyst section below

Chevron Corporation (CVX) is trading down at $223.30 (-0.48%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Energy sector.

Analyst price targets on CVX

Current price targets from 12 firms average $226, median $226, ranging from $205 to $250 — the average is 1% above the current $223. Each is tracked to its date and scored the same way a member's call is.

Morgan Stanley $219 → $226 by Oct 2027 Overweight Oct 15, 2026 via MarketBeat · Morgan Stanley's track record
TD Cowen $215 → $225 by Oct 2027 Hold Oct 12, 2026 via MarketBeat · TD Cowen's track record
Mizuho $215 → $234 by Oct 2027 Outperform Oct 12, 2026 via Investing.com Canada · Mizuho's track record
UBS $214 → $235 by Oct 2027 Buy Oct 9, 2026 via AD HOC NEWS · UBS's track record
TD Cowen $206 → $215 by Oct 2027 Oct 5, 2026 via AD HOC NEWS · TD Cowen's track record
HSBC $204 → $250 by Sep 2027 Buy Sep 25, 2026 via Investing.com · HSBC's track record
Goldman Sachs $212 → $240 by Sep 2027 Buy Sep 17, 2026 via ad-hoc-news.de · Goldman Sachs's track record
Morgan Stanley $206 → $218 by Aug 2027 Aug 19, 2026 via GuruFocus · Morgan Stanley's track record
Barclays $200 → $208 by Aug 2027 Equalweight Aug 14, 2026 via marketscreener.com · Barclays's track record
Barclays $193 → $216 by Aug 2027 equal weight Aug 3, 2026 via GuruFocus · Barclays's track record
Bank of America $188 → $227 by Jul 2027 Buy Jul 28, 2026 via Investing.com Canada · Bank of America's track record
Piper Sandler $194 → $207 by Jul 2027 Overweight Jul 23, 2026 via GuruFocus · Piper Sandler's track record

Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.

Chevron Corporation revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)

Chevron Corporation annual financial statements
	FY2016Dec 2016	FY2017Dec 2017	FY2018Dec 2018	FY2019Dec 2019	FY2020Dec 2020	FY2021Dec 2021	FY2022Dec 2022	FY2023Dec 2023	FY2024Dec 2024	FY2025Dec 2025
Income statement
Revenue	$114.5B	$141.7B	$166.3B	$146.5B	$94.7B	$162.5B	$246.3B	$200.9B	$202.8B	$189.0B
Growth (year over year)	−17.3%	+23.8%	+17.4%	−11.9%	−35.4%	+71.6%	+51.6%	−18.4%	+0.9%	−6.8%
Gross profit	$55.2B	$66.0B	$71.8B	$66.4B	$42.5B	$70.2B	$100.8B	$81.8B	$83.6B	$80.8B
Gross margin	48.2%	46.5%	43.1%	45.3%	44.9%	43.2%	40.9%	40.7%	41.2%	42.8%
Net income	−$497.0M	$9.20B	$14.8B	$2.92B	−$5.54B	$15.6B	$35.5B	$21.4B	$17.7B	$12.3B
Net margin	−0.4%	6.5%	8.9%	2.0%	−5.9%	9.6%	14.4%	10.6%	8.7%	6.5%
EPS (diluted)	−$0.27	$4.85	$7.74	$1.54	−$2.96	$8.14	$18.28	$11.36	$9.72	$6.63
Balance sheet
Cash and equivalents	$6.99B	$4.81B	$9.34B	$6.91B	$5.60B	$5.64B	$17.7B	$8.18B	$8.26B	$7.29B
Total assets	$260.1B	$253.8B	$253.9B	$237.4B	$239.8B	$239.5B	$257.7B	$261.6B	$256.9B	$324.0B
Total liabilities	$113.4B	$104.5B	$98.2B	$92.2B	$107.1B	$99.6B	$97.5B	$99.7B	$103.8B	$131.8B
Long-term debt	$35.2B	$33.5B	$28.7B	$23.7B	$42.8B	$31.1B	$21.4B	$20.3B	$20.1B	$39.8B
Shareholders' equity	$145.6B	$148.1B	$154.6B	$144.2B	$131.7B	$139.1B	$159.3B	$161.0B	$152.3B	$186.4B
Cash flow
Operating cash flow	$12.7B	$20.3B	$30.6B	$27.3B	$10.6B	$29.2B	$49.6B	$35.6B	$31.5B	$33.9B
Capital expenditure	$18.1B	$13.4B	$13.8B	$14.1B	$8.92B	$8.06B	$12.0B	$15.8B	$16.4B	$17.3B
Free cash flow	−$5.42B	$6.93B	$16.8B	$13.2B	$1.66B	$21.1B	$37.6B	$19.8B	$15.0B	$16.6B
Dividends paid	$8.03B	$8.13B	$8.50B	$8.96B	$9.65B	$10.2B	$11.0B	$11.3B	$11.8B	$12.8B
Share buybacks	$2.00M	$1.00M	$1.75B	$4.04B	$1.76B	$1.38B	$11.3B	$14.9B	$15.2B	$12.1B

RevenueNet incomeNet margin (right axis, %)

Chevron Corporation quarterly financial statements
	Q3 FY24Sep 2024	Q4 FY24^†Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25^†Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Income statement
Revenue	$50.7B	$52.2B	$47.6B	$44.8B	$49.7B	$46.9B	$48.6B	$70.1B
Growth (year over year)	−6.3%	+10.7%	−2.3%	−12.4%	−1.9%	−10.2%	+2.1%	+56.3%
Gross profit	$20.2B	$22.1B	$19.0B	$18.0B	$22.3B	$21.5B	$20.3B	$33.4B
Gross margin	39.9%	42.3%	39.9%	40.1%	44.9%	45.9%	41.8%	47.7%
Net income	$4.49B	$3.24B	$3.50B	$2.49B	$3.54B	$2.77B	$2.21B	$12.1B
Net margin	8.9%	6.2%	7.4%	5.6%	7.1%	5.9%	4.5%	17.2%
EPS (diluted)	$2.48	$1.84	$2.00	$1.45	$1.82	$1.36	$1.11	$6.11
Balance sheet
Cash and equivalents	$5.76B	$8.26B	$6.17B	$5.38B	$8.78B	$7.29B	$6.32B	$9.58B
Total assets	$259.2B	$256.9B	$256.4B	$250.8B	$326.5B	$324.0B	$329.6B	$330.1B
Total liabilities	$102.2B	$103.8B	$106.3B	$103.6B	$130.9B	$131.8B	$140.2B	$134.6B
Long-term debt	—	$20.1B	—	—	—	$39.8B	—	—
Shareholders' equity	$156.2B	$152.3B	$149.2B	$146.4B	$189.8B	$186.4B	$183.7B	$189.9B
Cash flow
Operating cash flow	$9.67B	$8.70B	$5.19B	$8.58B	$9.38B	$10.8B	$2.51B	$22.6B
Capital expenditure	$4.05B	$4.34B	$3.93B	$3.71B	$4.44B	$5.26B	$4.06B	$4.54B
Free cash flow	$5.62B	$4.36B	$1.26B	$4.86B	$4.94B	$5.53B	−$1.55B	$18.1B
Dividends paid	$2.93B	$2.89B	$2.98B	$2.93B	$3.43B	$3.40B	$3.53B	$3.50B
Share buybacks	$4.75B	$4.50B	$3.92B	$2.60B	$2.57B	$3.00B	$2.57B	$3.00B

From Chevron Corporation's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

Chevron Corporation vs the Energy sector and the S&P 500

Chevron Corporation's latest reported figures next to the median of the other 20 S&P 500 Energy companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.

Chevron Corporation compared with the median Energy company and the median S&P 500 company
Measure	Chevron Corporation	Energy (20 other S&P 500 companies)	S&P 500 (502 other companies)
Revenue growth, latest fiscal year	−6.8%	+3.9%	+7.0%
Net margin, latest fiscal year	6.5%	11.1%	13.0%
Dividend per share, latest fiscal year	$6.84	$3.73	$2.40
Share price change, 1 year	+45.2%	+47.5%	+5.6%

Chevron Corporation: fiscal year ended December 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Chevron Corporation included, are the last regular-session prices of October 19, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 19/496, net margin 19/496, dividend per share 15/349, 1-year price change 20/490; the reasons below can overlap. 12 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 15 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.

About Chevron Corporation

Chevron Corporation is an American multinational energy corporation predominantly specializing in oil and gas. The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California, it is active in more than 180 countries.

Source: Wikipedia — Chevron Corporation