Chevron Corporation (CVX) Stock Price & Analysis
Chevron Corporation (CVX) closed at USD 226.68 on Thursday, October 22, 2026, down 0.04% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 226.78; the Oct 22, 2026 session ranged USD 222.86–228.84 on volume of 6,582,523 shares. Market capitalization is $444.66B, with a 52-week range of USD 146.49–229.04 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:15 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CVX.md
Key facts (CVX)
- Last four reported quarters (through Jun 30, 2026): revenue $215B, net income $20.6B (9.6% margin), free cash flow $27.0B (SEC filings).
- Valuation: P/E 21.6x (avg 17.0x at the last 3 fiscal year-ends).
- 11 of 80 tracked superinvestors hold CVX (13F, Q2 2026): 0 new, 3 added, 3 reduced, 5 unchanged.
- Insider open-market sales, last ~7 months: 9 Form 4 filings, $348M; 8 not under a Rule 10b5-1 plan ($338M); 1 by opportunistic insiders (1 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (25 analysts), mean target USD 230.67 (range 175–253).
- Total return with dividends: 1Y +50.5% vs S&P 500 +14.9%; 5Y +145.6% vs S&P 500 +80.3%.
- Next earnings: 2026-10-30, EPS estimate USD 4.83, revenue estimate $61.6B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CVX)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $162B | $246B | $201B | $203B | $189B | $215B |
| Gross profit | $70.2B | $101B | $81.8B | $83.6B | $80.8B | — |
| Net income | $15.6B | $35.5B | $21.4B | $17.7B | $12.3B | $20.6B |
| EPS (diluted) | $8.14 | $18.28 | $11.36 | $9.72 | $6.63 | — |
| Free cash flow | $21.1B | $37.6B | $19.8B | $15.0B | $16.6B | $27.0B |
| Gross margin | 43.2% | 40.9% | 40.7% | 41.2% | 42.8% | — |
| Net margin | 9.6% | 14.4% | 10.6% | 8.7% | 6.5% | 9.6% |
| Revenue growth | +71.6% | +51.6% | -18.4% | +0.9% | -6.8% | — |
| Cash + short-term investments | $5.67B | $17.9B | $8.22B | $8.26B | $7.29B | — |
| Total debt | $30.6B | $24.1B | $22.0B | $24.1B | $42.1B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (CVX)
P/E 21.6x · P/S 2.1x · P/FCF 16.5x · P/B 2.3x · FCF yield 6.07% · Earnings yield 4.63% · Dividend yield (paid, TTM) 3.12% · Buyback yield (TTM) 2.51%
P/E at fiscal year-ends: Dec 2025 23.0x, Dec 2024 14.9x, Dec 2023 13.1x.
Superinvestors (SEC 13F-HR, Q2 2026) (CVX)
11 of 80 tracked investors hold CVX. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Warren Buffett | Berkshire Hathaway | 4.67% | $14.0B | Unchanged |
| Torray Funds | 3.03% | $22.4M | Added +0.2% | |
| Van Den Berg Management I | 0.16% | $761K | Reduced -10.2% | |
| Christopher Bloomstran | Semper Augustus | 0.11% | $1.0M | Unchanged |
| Harry Burn | Sound Shore | 0.07% | $2.2M | Added +36.7% |
| Kahn Brothers | Kahn Brothers Group | 0.07% | $404K | Unchanged |
| John Rogers | Ariel Investments | 0.06% | $5.7M | Reduced -16.6% |
| Mairs & Power | Mairs & Power Funds | 0.06% | $6.8M | Added +5.5% |
| Dodge & Cox Funds | Dodge & Cox | 0.02% | $33.6M | Reduced -1.3% |
| Thomas Russo | Gardner Russo & Quinn | <0.01% | $409K | Unchanged |
| Bill Nygren | Oakmark Funds | <0.01% | $224K | Unchanged |
Insider sales (SEC Form 4, open-market, last ~7 months) (CVX)
1 of 9 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-19…2026-10-20 | Pate R. Hewitt | Chief Legal Officer | 43,100 | $9.8M | 59.5% | Yes (adopted November 26, 2025) | Too little history (no open-market trades in 2023–2025) |
| 2026-08-18 | Pate R. Hewitt | Chief Legal Officer | 2,470 | $507K | 7.8% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-17 | Walz Andrew Benjamin | President, DM&C | 16,800 | $3.4M | 65.1% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-14 | Wirth Michael K | Chairman and CEO | 317,100 | $63.6M | 83.4% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-08-11 | Gustavson Jeff B | President, New Energies | 14,044 | $2.7M | 78.8% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-05 | Wirth Michael K | Chairman and CEO | 5,547 | $1.0M | 8.1% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-08-03 | Hess John B | Director | 810,665 | $157M | 11.3% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-20 | Hess John B | Director | 380,000 | $73.4M | 4.4% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-06 | Hess John B | Director | 195,000 | $36.0M | 2.2% | No | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (CVX)
Consensus Buy (mean 2.00 on a 1–5 scale), 25 analysts; mean target USD 230.67 (low 175, high 253).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Morgan Stanley | Target raised | Overweight | $218 → $226 |
| 2026-10-12 | TD Cowen | Target raised | Hold | $215 → $225 |
| 2026-10-08 | UBS | Target raised | Buy | $220 → $235 |
| 2026-09-28 | TD Cowen | Target raised | Hold | $205 → $215 |
| 2026-09-25 | HSBC | Target raised | Buy | $218 → $250 |
| 2026-09-03 | BMO Capital | Target raised | Outperform | $210 → $235 |
| 2026-09-03 | Piper Sandler | Target raised | Overweight | $207 → $243 |
| 2026-09-03 | Wells Fargo | Target raised | Overweight | $226 → $230 |
| 2026-08-19 | Morgan Stanley | Target raised | Overweight | $210 → $218 |
| 2026-08-17 | Barclays | Target lowered | Equal-Weight | $216 → $208 |
| 2026-08-05 | TD Cowen | Target raised | Hold | $200 → $205 |
| 2026-08-03 | Bernstein | Target raised | Market Perform | $204 → $209 |
Total return (dividends reinvested) (CVX)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +50.5% | +145.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +50.7% | +19.6% |
| Volatility (annualized) | 24.1% | 26.7% |
| Max drawdown | -20.8% (Mar 2026→Jul 2026) | -22.8% (May 2022→Jul 2022) |
CVX revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Segment Total | $88.62B | 131.9% | +56.7% |
| All Other | $161.0M | 0.2% | +8.1% |
| Total revenue | $67.20B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
Companies that name CVX in their SEC reports
| Relationship to CVX | Company | Filing | Sentence |
|---|---|---|---|
| supplier | DORIAN LPG LTD. (LPG) | 10-K May 27, 2026 | “Our customers, either directly or through the Helios Pool, include or have included global energy companies such as Exxon Mobil Corp., Chevron Corp., China International United Petroleum & Chemicals Co., Ltd., Royal Dutch Shell plc, Equinor ASA, Total S.A., and Sunoco LP, commodity traders such as Glencore plc, Itochu Corporation, Bayegan Group, Gunvor Group, and the Vitol Group and importers such as E1 Corp., Ind…” |
| partner | ECOPETROL S.A. (EC) | 20-F Apr 30, 2026 | “In 2018, we made progress in the internationalization of offshore exploration by entering the Brazilian pre-salt oil region, one of the areas with the greatest potential for oil reserves in the world, working together with top-tier companies such as British Petroleum, China National Petroleum, China National Offshore Oil Corporation ("CNOOC"), Shell and Chevron.” |
| customer | Heidmar Maritime Holdings Corp. (HMR) | 20-F Apr 30, 2026 | “Heidmar also maintains relationships with reliable suppliers including: Chevron Corporation, Vitol, Trafigura, Peninsula Pacific, Glencore, PetroChina Company Limited and NorthStar.” |
| customer | Grupo Aeromexico, S.A.B. de C.V. (AERO) | 20-F Apr 30, 2026 | “To cover our fuel needs at airports outside of Mexico, we purchase fuel from local suppliers in those locations, such as Chevron, Valero and British Petroleum, at prices generally based on the Platt's Oilgram Price Report applicable in the relevant region.” |
| partner | ULTRAPAR HOLDINGS INC (UGP) | 20-F Apr 29, 2026 | “In addition to its retail operations, Ipiranga serves the B2B market through Ipiranga Empresas, leads the Brazilian lubricants sector through ICONIC, its joint venture with Chevron, and operates in the TRR (Transportador Revendedor Retalhista – Retail Reseller Transporter) segment through NeoDiesel, expanding its presence across different channels and customer profiles.” |
| competitor | Vista Energy, S.A.B. de C.V. (VIST) | 20-F Apr 28, 2026 | “In Argentina, we compete for resources with YPF, Pan American, Pluspetrol, Tecpetrol, Chevron, Pampa, Compañía General de Combustibles, among others.” |
| supplier | Summit Midstream Corp (SMC) | 10-K Mar 16, 2026 | “As of December 31, 2025, Bison Oil and Gas IV, Chevron Corporation, SM Energy Company, Fundare and Verdad Resources are the key customers of the Niobrara G&P system and have underpinned our volume throughput with acreage dedications and MVCs.” |
| supplier | WaterBridge Infrastructure LLC (WBI) | 10-K Mar 16, 2026 | “Our customers include many of the top-tier operators in the regions in which we operate, including bpx energy, Chevron Corporation, Devon, EOG Resources, Inc. and Permian Resources Corporation.” |
| supplier | Alto Ingredients, Inc. (ALTO) | 10-K Mar 13, 2026 | “For 2025, 2024 and 2023, sales to our largest customer, Chevron Products USA represented an aggregate of” |
| partner | Shell plc (SHEL) | 20-F Mar 12, 2026 | “We have a 25% interest in the Chevron-operated Gorgon LNG joint venture that includes offshore production.” |
| supplier | Drilling Tools International Corp (DTI) | 10-K Mar 6, 2026 | “Our customer base is comprised of: (i) diversified OSCs, which account for approximately 48% of 2025 revenue, including but not limited to Baker Hughes Company, Halliburton Company, Phoenix Energy, and SLB (formerly Schlumberger); (ii) E&P operators, which account for approximately 48% of 2025 revenue, included but not limited to Chevron, BPX Energy, EOG Resources Inc., Occidental Petroleum Corporation, Pioneer En…” |
| customer | MILLER INDUSTRIES INC /TN/ (MLR) | 10-K Mar 4, 2026 | “We design and manufacture bodies of car carriers and wreckers, which are installed on chassis manufactured by third parties, and sold to our customers under our Century®, Vulcan®, Chevron™, Holmes®, Challenger®, Champion®, Jige™, Boniface™, Omars™, Titan®, and Eagle® brand names.” |
| competitor | BERKSHIRE HATHAWAY INC (BRK-B) | 10-K Mar 2, 2026 | “Lubrizol Additives' principal competitors are Infineum International Ltd., Chevron Oronite Company and Afton Chemical Corporation.” |
| competitor | Venture Global, Inc. (VG) | 10-K Mar 2, 2026 | “With respect to our projects, our current and potential competitors include, but are not limited to, (1) national energy companies, such as QatarEnergy, (2) major multinational energy companies, including BP, Chevron, ConocoPhillips, ExxonMobil, Shell and Total, (3) independent LNG producers, including Cheniere and Freeport LNG, (4) utility companies, such as Sempra, and (5) commodities marketing and trading firms…” |
| competitor | Calumet, Inc. /DE (CLMT) | 10-K Feb 27, 2026 | “Our primary competitors in producing renewable fuel products in the U.S. West Coast markets are Marathon Petroleum Company, Phillips 66 and Chevron Corporation.” |
CVX company outlook (results filed Jul 31, 2026)
- “Structural cost reductions describe decreases in operating expenses from operational efficiencies, divestments, and other cost saving measures that are expected to be sustainable compared with 2024 levels.”
Quoted word-for-word from the SEC 8-K results press release.
CVX analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $4.83 | $4.25 | +13.6% | $61.65B | 21 |
| Next quarter (ends Dec 2026) | $5.47 | $3.72 | +47.0% | $63.02B | 19 |
| Current fiscal year (ends Dec 2026) | $17.51 | $14.62 | +19.7% | $242.08B | 24 |
| Next fiscal year (ends Dec 2027) | $15.72 | $12.67 | +24.1% | $228.74B | 25 |
CVX options: expected move
Options price a move of about ±4.3% (±$9.67) by Oct 30, 2026, which includes earnings on Oct 30, 2026. Over the last 8 reports the stock moved ±1.3% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 35.9% | ±4.3% |
| Nov 6, 2026 | 14 | 33.8% | ±5.5% |
| Nov 13, 2026 | 21 | 31.1% | ±6.1% |
| Nov 20, 2026 | 28 | 30.6% | ±7.2% |
| Nov 27, 2026 | 35 | 29.1% | ±7.4% |
| Dec 4, 2026 | 42 | 28.1% | ±7.7% |
| Dec 18, 2026 | 56 | 28.2% | ±9.0% |
| Jan 15, 2027 | 84 | 27.7% | ±10.8% |
30-day implied volatility 29.7% vs 22.5% realized over the last 30 trading days. Put/call ratio (volume) 0.92. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:15 UTC)
| Price | USD 226.68 |
|---|---|
| Change | ▼ 0.04% (down) |
| Previous Close | USD 226.78 |
| Open | USD 228.86 |
| Day Range | USD 222.86 – 228.84 |
| 52-Week Range | USD 146.49 – 229.04 |
| Volume | 6,582,523 shares |
| Market Cap | $444.66B |
| Exchange | NYQ |
Technical Analysis (CVX)
Nexqual's technical model rates CVX "BUY" based on 5 bullish and 1 bearish signals across 127 daily candles, as of October 23, 2026 at 09:15 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 69.97 (neutral) |
| vs SMA50 | Above (USD 209.71) |
| MACD | 5.38 (positive) |
Analyst Ratings (CVX)
Wall Street analysts rate CVX "Buy" based on 25 analysts, with a mean price target of USD 230.67 (range USD 175–253), per Nexqual as of October 23, 2026 at 09:15 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 25 |
| Mean Target | USD 230.67 |
| High Target | USD 253 |
| Low Target | USD 175 |
| Buy / Hold / Sell | 20 / 4 / 1 |
Earnings (CVX)
| Next Earnings Date | 2026-10-30 |
|---|---|
| EPS Estimate | USD 4.83 |
| Revenue Estimate | $61.65B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 6.06 vs est 5.57 ▲ beat |
| 2026-03-31 | USD 1.41 vs est 0.97 ▲ beat |
| 2025-12-31 | USD 1.52 vs est 1.44 ▲ beat |
| 2025-09-30 | USD 1.85 vs est 1.71 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
Financials & Fundamentals (CVX)
| Total Revenue | $209.38B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +53.50% |
| Gross Margin | +44.27% |
| Operating Margin | +21.87% |
| Profit Margin | +9.83% |
| ROE | +12.23% |
| Debt / Equity | 0.19 |
| Current Ratio | 1.25 |
| Total Cash | $8.53B |
| Total Debt | $37.08B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $27.01B (12.5% of revenue) |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
Financial Health Score (CVX)
Nexqual rates Chevron Corporation's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:15 UTC.
| Growth | Weak — Revenue -7% YoY (annual), declining |
|---|---|
| Profitability | Strong — Gross margin 44%, operating 22% (last 12 months) |
| Balance Sheet | Strong — $7.29B cash and investments vs $42.1B debt (Dec 2025, SEC) |
| Cash Flow | Solid — FCF $27.0B (last 4 quarters to Jun 2026, SEC), 13% margin |
| Efficiency | Mixed — ROE 12%, ROA 5.9% |
Ownership (CVX)
| Insider Ownership | +4.77% |
|---|---|
| Institutional Ownership | +71.21% |
| Shares Outstanding | 1.96B |
| Float | 1.87B |
| Short % of Float | +1.21% |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
Leadership (CVX)
Chevron Corporation is led by Michael K. Wirth, Chairman & CEO, per Nexqual as of October 23, 2026 at 09:15 UTC.
| Chairman & CEO | Michael K. Wirth |
|---|---|
| Chief Financial Officer | Eimear P. Bonner |
| Vice Chairman & Executive VP of Oil, Products and Gas | Mark A. Nelson |
| President of Upstream | Robert Clay Neff |
| Chief Technology & Engineering Officer | T. Ryder Booth |
Major Backers & Investors (CVX)
Notable institutional backers of Chevron Corporation include Berkshire Hathaway, Charles Schwab Investment Management, Inc., Morgan Stanley, according to Nexqual as of October 23, 2026 at 09:15 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Berkshire Hathaway | 4.27% |
| Charles Schwab Investment Management, Inc. | 1.91% |
| Morgan Stanley | 1.82% |
| SELECT SECTOR SPDR TRUST-State Street Energy Select Sector SPDR ETF | 1.75% |
| Bank of America Corporation | 1.38% |
| Fidelity | 1.23% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 8.37% |
| BlackRock | 7.84% |
| State Street | 7.51% |
| Geode Capital | 2.25% |
Source: Nexqual, October 23, 2026 at 09:15 UTC.
From Chevron Corporation's Latest SEC 10-K Filing (filed 2026-02-24)
Partnerships
- Chevron has a 30 percent interest in Petropiar, which operates heavy oil production from Huyapari Field, processing output through its upgrader located in Anzoátegui that refines the oil to a lighter, high-quality synthetic crude oil or blends it with light oil to produce Merey crude, under an agreement expiring in 2047.
Legal & Regulatory Risks (Item 1A, quoted)
- The standards and regulations for tracking, reporting, disclosing, marketing and advertising related to ESG matters are relatively new, have not been harmonized and continue to evolve. Further, our selection of disclosure frameworks that seek to align with various voluntary reporting standards may change from time to time. Either of these circumstances may result in a lack of comparative data from period to period.
- Our existing processes and controls may not align with evolving voluntary and mandatory standards for identifying, measuring, and reporting ESG metrics.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| SHEL | Shell PLC | USD 105.8 | ▲ 0.42% |
| XOM | ExxonMobil Holdings Corporation | USD 178.23 | ▲ 0.08% |
| TTE | TotalEnergies SE | USD 90.96 | ▲ 0.69% |
| PBR | Petroleo Brasileiro S.A. Petrob | USD 25.62 | ▼ 0.16% |
| BP | BP p.l.c. | USD 50.05 | ▲ 0.4% |
| EQNR | Equinor ASA | USD 46.42 | ▲ 0.65% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:15 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt