FY2026 EPS Estimates for Chevron Lifted by Erste Group Bank

Chevron Corporation (NYSE:CVX) – Analysts at Erste Group Bank lifted their FY2026 earnings per share estimates for Chevron in a research report issued to clients and investors on Wednesday, August 5th. Erste Group Bank analyst H. Engel now expects that the oil and gas company will earn $15.32 per share for the year, up from their prior estimate of $14.58. The consensus estimate for Chevron’s current full-year earnings is $15.86 per share. Erste Group Bank also issued estimates for Chevron’s FY2027 earnings at $13.14 EPS.

Several other brokerages have also recently weighed in on CVX. Wolfe Research upgraded Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 target price for the company in a report on Thursday, July 2nd. Jefferies Financial Group reissued a “buy” rating and set a $216.00 price objective on shares of Chevron in a report on Friday, July 10th. Piper Sandler initiated coverage on Chevron in a research report on Thursday, July 23rd. They issued an “overweight” rating and a $207.00 price target for the company. Wall Street Zen upgraded shares of Chevron from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Scotiabank raised their target price on shares of Chevron from $168.00 to $187.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Nineteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $207.48.

Chevron Price Performance

Shares of CVX stock opened at $194.57 on Tuesday. The company’s 50-day simple moving average is $182.55 and its two-hundred day simple moving average is $186.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. Chevron has a one year low of $146.49 and a one year high of $214.71. The company has a market capitalization of $384.43 billion, a P/E ratio of 18.65, a P/E/G ratio of 0.57 and a beta of 0.49.

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

Chevron Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, August 19th. Chevron’s payout ratio is 68.26%.

Insider Activity at Chevron

In other Chevron news, Director John B. Hess sold 710,665 shares of the company’s stock in a transaction dated 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 owned 363,711 shares in the company, valued at approximately $70,596,305.10. This represents a 66.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael K. Wirth sold 5,547 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $187.00, for a total value of $1,037,289.00. Following the completion of the transaction, the chief executive officer directly owned 26,308 shares of the company’s stock, valued at $4,919,596. The trade was a 17.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,196,212 shares of company stock valued at $231,819,366. Insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Chevron

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Indivisible Partners acquired a new stake in Chevron in the 4th quarter valued at $1,923,000. Janney Montgomery Scott LLC boosted its position in shares of Chevron by 6.8% in the first quarter. Janney Montgomery Scott LLC now owns 1,251,102 shares of the oil and gas company’s stock worth $258,853,000 after buying an additional 79,439 shares during the period. Galaxy Digital Inc. purchased a new stake in shares of Chevron in the first quarter worth about $2,028,000. Nations Financial Group Inc. IA ADV grew its stake in shares of Chevron by 35.0% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 42,882 shares of the oil and gas company’s stock valued at $6,536,000 after buying an additional 11,120 shares in the last quarter. Finally, Osprey Private Wealth LLC lifted its position in Chevron by 556.4% during the 4th quarter. Osprey Private Wealth LLC now owns 9,190 shares of the oil and gas company’s stock worth $1,401,000 after acquiring an additional 7,790 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Hess synergies are ahead of schedule. Chevron reportedly expects the acquisition to support faster production growth, greater free cash flow and stronger per-share earnings accretion through 2030. The company has also reached its $3 billion annualized structural cost-reduction target six months early. Can Chevron’s Hess Synergies Extend Growth and Lift Cash Flow Further?
• Positive Sentiment: Chevron’s operating momentum remains strong. The company exceeded second-quarter expectations with earnings of $6.06 per share versus a $5.55 consensus estimate and revenue of $67.2 billion versus $62.72 billion expected. Record production, strong cash generation and improved execution reinforce the investment case. CVX’s Q2 Earnings Beat
• Positive Sentiment: Crude prices are providing a near-term tailwind. Brent crude recovered to roughly $89 per barrel after trading in the high $60s in early July, as renewed uncertainty over shipping through the Strait of Hormuz and limited progress in U.S.-Iran discussions raised supply-disruption concerns. Higher oil prices generally improve Chevron’s upstream earnings and cash flow. Chevron Stock Jumps as Hormuz Doubts Lift Oil
• Neutral Sentiment: Chevron and other major oil companies generated unusually strong second-quarter profits and cash flow during the oil-price surge. However, elevated fuel prices could invite political pressure or additional policy responses, including possible changes to the Jones Act. Global Oil Majors Cash In on Oil Surge
• Negative Sentiment: The rally remains exposed to commodity-price volatility. A retreat in crude prices, weaker geopolitical risk premiums or planned maintenance could reduce near-term earnings and test the stock’s momentum. CVX’s Q2 Earnings Beat

About Chevron

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.