FY2026 EPS Estimates for Chevron Lifted by Erste Group Bank

Chevron Corporation (NYSE:CVX) – Investment analysts at Erste Group Bank upped their FY2026 EPS estimates for shares of Chevron in a note issued to investors on Monday, July 27th. Erste Group Bank analyst H. Engel now expects that the oil and gas company will post earnings of $14.58 per share for the year, up from their previous estimate of $14.38. The consensus estimate for Chevron’s current full-year earnings is $15.61 per share. Erste Group Bank also issued estimates for Chevron’s FY2027 earnings at $12.61 EPS.

Chevron (NYSE:CVX) last released its earnings results 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. The company had revenue of $47.56 billion during the quarter, compared to analyst estimates of $51.86 billion. Chevron had a return on equity of 6.90% and a net margin of 5.79%.The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.18 earnings per share.

CVX has been the topic of several other reports. Scotiabank upped their price target on Chevron from $168.00 to $187.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. TD Cowen increased their price target on shares of Chevron from $197.00 to $200.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Tudor Pickering raised shares of Chevron from a “hold” rating to a “buy” rating and set a $225.00 price objective on the stock in a research report on Thursday, April 9th. Sanford C. Bernstein cut their target price on shares of Chevron from $216.00 to $204.00 and set a “market perform” rating for the company in a research report on Monday, May 11th. Finally, Weiss Ratings lowered shares of Chevron from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Nineteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $206.04.

Chevron Stock Performance

Shares of CVX stock opened at $191.91 on Thursday. Chevron has a 1-year low of $146.49 and a 1-year high of $214.71. The company has a current ratio of 1.09, a quick ratio of 0.84 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $382.21 billion, a price-to-earnings ratio of 33.26, a P/E/G ratio of 0.62 and a beta of 0.50. The stock’s fifty day simple moving average is $181.81 and its 200-day simple moving average is $184.66.

Hedge Funds Weigh In On Chevron

A number of institutional investors have recently made changes to their positions in CVX. Cornerstone Advisory LLC grew its holdings in Chevron by 0.9% in the 1st quarter. Cornerstone Advisory LLC now owns 5,625 shares of the oil and gas company’s stock valued at $1,164,000 after buying an additional 52 shares during the last quarter. Compton Financial Group LLC increased its position in Chevron by 1.9% in the 1st quarter. Compton Financial Group LLC now owns 2,944 shares of the oil and gas company’s stock worth $609,000 after buying an additional 56 shares during the period. Quantum Portfolio Management LLC lifted its holdings in shares of Chevron by 2.7% during the first quarter. Quantum Portfolio Management LLC now owns 2,101 shares of the oil and gas company’s stock worth $435,000 after buying an additional 56 shares during the last quarter. Wealthspire Retirement LLC lifted its holdings in shares of Chevron by 0.9% during the first quarter. Wealthspire Retirement LLC now owns 6,530 shares of the oil and gas company’s stock worth $1,351,000 after buying an additional 56 shares during the last quarter. Finally, D.B. Root & Company LLC boosted its position in shares of Chevron by 1.0% in the fourth quarter. D.B. Root & Company LLC now owns 5,552 shares of the oil and gas company’s stock valued at $846,000 after acquiring an additional 57 shares during the period. 72.42% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Chevron news, Director John B. Hess sold 380,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the director directly owned 278,045 shares in the company, valued at $53,718,294. This represents a 57.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Oil prices jumped after renewed U.S.-Iran and Middle East hostilities raised concerns about disruptions to supply and the reopening of the Strait of Hormuz. Higher crude prices generally support Chevron’s upstream earnings and cash flow. Oil Prices Spike After Iran Launches Surprise Attack on U.S. Forces
• Positive Sentiment: Chevron has benefited from climbing oil prices and increased production in Venezuela, helping it outperform many Dow Jones stocks. The company’s integrated business model provides additional support when commodity prices are elevated. Dow Leader Rides Surging Oil Prices And Trump’s Venezuela Spoils
• Positive Sentiment: Bank of America downgraded ExxonMobil to Neutral while favoring a Buy rating on Chevron, reinforcing relative investor preference for CVX among large integrated oil producers. Analysts also broadly assign Chevron a “Moderate Buy” consensus rating. Exxon Cut to Neutral at BofA, Which Favors Buy-Rated Chevron
• Positive Sentiment: Chevron is evaluating opportunities involving Iraq’s major oil fields and export projects. A broader upstream presence could add future production and reserve-growth potential, although financial benefits would take time to develop. Chevron Returns to Iraq
• Neutral Sentiment: Investors are awaiting second-quarter results on July 31. Expectations for production, realized oil and gas prices, refining performance, capital spending and management’s outlook could produce additional volatility. What Could Chevron Reveal in Its Q2 Results?
• Negative Sentiment: Chevron remains exposed to sharp swings in crude prices, while broader energy stocks recently declined when oil prices retreated. A weaker commodity environment or disappointing earnings guidance could pressure the stock after its recent gains. Sector Update: Energy Stocks Decline Tuesday Afternoon

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.