FY2026 EPS Estimates for Chevron Cut by Erste Group Bank

Chevron Corporation (NYSE:CVX) – Investment analysts at Erste Group Bank decreased their FY2026 earnings per share estimates for shares of Chevron in a research report issued on Wednesday, July 15th. Erste Group Bank analyst H. Engel now forecasts that the oil and gas company will post earnings of $14.38 per share for the year, down from their prior estimate of $14.71. The consensus estimate for Chevron’s current full-year earnings is $14.78 per share. Erste Group Bank also issued estimates for Chevron’s FY2027 earnings at $12.44 EPS.

CVX has been the subject of several other reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $220.00 target price on shares of Chevron in a research note on Tuesday, May 5th. Citigroup boosted their price target on shares of Chevron from $210.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. The Goldman Sachs Group reissued a “buy” rating and set a $216.00 price objective on shares of Chevron in a report on Wednesday, May 6th. Tudor Pickering upgraded Chevron from a “hold” rating to a “buy” rating and set a $225.00 price objective for the company in a research report on Thursday, April 9th. Finally, Barclays raised their price objective on Chevron from $192.00 to $213.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Nineteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Chevron currently has a consensus rating of “Moderate Buy” and an average price target of $206.83.

Chevron Price Performance

CVX stock opened at $190.94 on Monday. Chevron has a one year low of $146.49 and a one year high of $214.71. The company’s fifty day moving average price is $181.74 and its 200-day moving average price is $183.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.09. The company has a market capitalization of $380.28 billion, a PE ratio of 33.09, a price-to-earnings-growth ratio of 0.67 and a beta of 0.50.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.41. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The business had revenue of $47.56 billion during the quarter, compared to analyst estimates of $51.86 billion. During the same period last year, the firm posted $2.18 EPS. The company’s revenue was up 2.1% on a year-over-year basis.

Chevron Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 19th were given a $1.78 dividend. This represents a $7.12 annualized dividend and a yield of 3.7%. The ex-dividend date was Tuesday, May 19th. Chevron’s payout ratio is currently 123.40%.

Insiders Place Their Bets

In related news, Director John B. Hess sold 380,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total transaction of $73,416,000.00. Following the sale, the director owned 278,045 shares of the company’s stock, valued at $53,718,294. This represents a 57.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Chevron

A number of institutional investors and hedge funds have recently made changes to their positions in the business. United Bank grew its position in Chevron by 7.7% in the second quarter. United Bank now owns 11,079 shares of the oil and gas company’s stock worth $1,586,000 after acquiring an additional 796 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in shares of Chevron by 9.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 50,839 shares of the oil and gas company’s stock valued at $7,280,000 after purchasing an additional 4,214 shares during the last quarter. BNP Paribas lifted its stake in shares of Chevron by 76.4% in the 2nd quarter. BNP Paribas now owns 441 shares of the oil and gas company’s stock valued at $63,000 after purchasing an additional 191 shares during the last quarter. Osterweis Capital Management Inc. lifted its stake in shares of Chevron by 678.9% in the 2nd quarter. Osterweis Capital Management Inc. now owns 1,363 shares of the oil and gas company’s stock valued at $195,000 after purchasing an additional 1,188 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its holdings in shares of Chevron by 3.6% in the 2nd quarter. Main Street Financial Solutions LLC now owns 16,052 shares of the oil and gas company’s stock worth $2,299,000 after purchasing an additional 553 shares during the period. 72.42% of the stock is owned by hedge funds and other institutional investors.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Oil prices surged above $90 a barrel amid Middle East tensions, helping lift Chevron along with other energy names as investors expect stronger upstream cash flow. Why Are BATL, TPET, XOM, CVX, USO, UCO Stocks Rising Overnight?
• Positive Sentiment: Analysts said Chevron and other energy stocks look positioned to beat second-quarter earnings estimates thanks to elevated crude prices supporting production and drilling economics. Chevron & 2 Energy Stocks Poised to Beat Q2 Earnings Estimates
• Positive Sentiment: Chevron was also highlighted in a bullish oil-market backdrop, with some commentary pointing to rising geopolitical risk and tight U.S. oil inventories as reasons energy stocks could reprice higher. Chevron shuts US Gulf platform in preparation for developing tropical storm
• Neutral Sentiment: Chevron shut in production at its Petronius U.S. Gulf platform ahead of a tropical storm; this is typically a temporary operational step, but it can trim near-term output until conditions improve. Chevron shuts production at US Gulf platform ahead of tropical storm
• Negative Sentiment: One report noted FY2026 EPS estimates for Chevron were lowered by an analyst, which could pressure sentiment if it signals softer earnings expectations. FY2026 EPS Estimates for Chevron Decreased by Analyst

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.