Chevron (NYSE:CVX) Trading 2% Higher – What’s Next?

Chevron Corporation (NYSE:CVX)’s share price shot up 2% during trading on Wednesday . The stock traded as high as $169.37 and last traded at $167.1640. 16,353,606 shares changed hands during trading, an increase of 8% from the average session volume of 15,152,791 shares. The stock had previously closed at $163.87.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Reuters reports the U.S. is expected to grant Chevron an expanded Venezuela license this week, potentially allowing increased production and reserves recognition — a direct growth catalyst for CVX. Exclusive: Chevron expected to receive expanded Venezuela license from US this week
• Positive Sentiment: FT/market writeups indicate Chevron (and service partner SLB) are in talks with U.S. officials to expand operations in Venezuela, reinforcing the Reuters narrative and raising the odds of near‑term upstream production upside. SLB in talks with U.S. officials, Chevron to expand in Venezuela – FT
• Positive Sentiment: CNBC coverage shows Stephanie Link (Hightower CIO) increasing her Chevron stake — a signal of institutional conviction that can boost investor sentiment. Trade Tracker: Stephanie Link buys more Chevron
• Positive Sentiment: Macro support: recent oil price strength and analyst sector calls for 2026 favoring energy provide a tailwind for CVX’s revenue and cash flow outlook. 2026 Market Outlook: 3 Top Sectors to Watch Amid Global Tensions
• Neutral Sentiment: Coverage pieces (Undercovered/Insider lists) are featuring CVX among large‑cap, high‑yield energy names — increases visibility but not an immediate operational catalyst. Undercovered Dozen: Chevron, Coherent, Barrick Mining And More
• Neutral Sentiment: Inclusion in dividend/value lists (e.g., Dogs of the Dow style pieces) highlights CVX’s income appeal but is less likely to move price materially on its own. The Dogs of the Dow: 10 Downtrodden Dividends Paying Out Up to 6.8%
• Negative Sentiment: Political, sanction and execution risks tied to Venezuela remain significant — license approval does not eliminate operational or reputational risks, and any reversal or delays could quickly weigh on the stock. Exclusive: Chevron expected to receive expanded Venezuela license from US this week

Analyst Upgrades and Downgrades

CVX has been the subject of a number of recent analyst reports. Bank of America dropped their price objective on Chevron from $183.00 to $180.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Wells Fargo & Company boosted their target price on Chevron from $190.00 to $196.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Freedom Capital cut Chevron from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 6th. Jefferies Financial Group lifted their price objective on shares of Chevron from $174.00 to $189.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Citigroup decreased their price objective on shares of Chevron from $185.00 to $179.00 and set a “buy” rating for the company in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Chevron currently has an average rating of “Hold” and a consensus target price of $168.14.

Chevron Trading Up 2.0%

The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $336.59 billion, a P/E ratio of 23.51, a PEG ratio of 10.20 and a beta of 0.70. The business has a 50 day moving average of $152.68 and a 200-day moving average of $153.82.

Chevron (NYSE:CVX) last released its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.14. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The company had revenue of $48.17 billion during the quarter, compared to analysts’ expectations of $46.99 billion. During the same quarter in the prior year, the company earned $2.48 earnings per share. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. Analysts anticipate that Chevron Corporation will post 10.79 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 18th were paid a $1.71 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a yield of 4.1%. Chevron’s dividend payout ratio is presently 96.20%.

Insider Transactions at Chevron

In other Chevron news, CFO Eimear P. Bonner sold 28,334 shares of Chevron stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $165.05, for a total value of $4,676,526.70. Following the sale, the chief financial officer owned 4,366 shares of the company’s stock, valued at $720,608.30. This trade represents a 86.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John B. Hess sold 275,000 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $150.75, for a total value of $41,456,250.00. Following the transaction, the director directly owned 1,128,045 shares of the company’s stock, valued at $170,052,783.75. This represents a 19.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 631,990 shares of company stock worth $99,716,808 in the last 90 days. Company insiders own 0.20% of the company’s stock.

Institutional Trading of Chevron

A number of hedge funds and other institutional investors have recently modified their holdings of CVX. Salem Investment Counselors Inc. increased its holdings in Chevron by 0.3% during the second quarter. Salem Investment Counselors Inc. now owns 30,887 shares of the oil and gas company’s stock worth $4,423,000 after buying an additional 102 shares during the last quarter. Apella Capital LLC grew its position in shares of Chevron by 40.1% in the 2nd quarter. Apella Capital LLC now owns 14,680 shares of the oil and gas company’s stock valued at $2,164,000 after acquiring an additional 4,203 shares during the period. Davis Investment Partners LLC increased its stake in shares of Chevron by 5.5% during the 2nd quarter. Davis Investment Partners LLC now owns 6,228 shares of the oil and gas company’s stock worth $907,000 after purchasing an additional 322 shares during the last quarter. Juncture Wealth Strategies LLC increased its stake in shares of Chevron by 8.3% during the 2nd quarter. Juncture Wealth Strategies LLC now owns 4,466 shares of the oil and gas company’s stock worth $639,000 after purchasing an additional 343 shares during the last quarter. Finally, Strategic Advocates LLC raised its holdings in shares of Chevron by 3.8% in the 2nd quarter. Strategic Advocates LLC now owns 2,789 shares of the oil and gas company’s stock valued at $399,000 after purchasing an additional 101 shares during the period. Institutional investors and hedge funds own 72.42% of the company’s stock.

Chevron Company Profile

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.