Inside the research
Chevron Corporation
CVX Research profile · latest available data
Price overview
$204.45
▼ -1.20 (-0.6%)
| 52w hi | $217.77 |
|---|---|
| 52w lo | $142.76 |
| Vol | 7.13M |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.79
| Short | +0.50 |
|---|---|
| Medium | +0.96 |
| Long | +1.00 |
computed 2026-09-27
Key fundamentals
Chevron Corporation
Energy · Oil & Gas Integrated
| Market cap | $401.05B |
|---|---|
| Enterprise value | $435.27B |
| Trailing P/E | 19.68x |
| Forward P/E | 14.46x |
| EV / EBITDA | 8.59x |
| P / S (ttm) | 1.92x |
| Profit margin | 9.8% |
| Return on equity | 12.2% |
| Revenue growth | +53.5% |
| Earnings growth | +321.9% |
| Debt / equity | 18.96 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.45 | |
| Sector | +0.09 | |
| Technical | +0.45 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations. It operates through Upstream and Downstream segments. The Upstream segment engages in the exploration for, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; carbon capture and storage; and operation of a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels; transports crude oil and refined products through pipeline, marine vessel, motor equipment, and rail car; and manufactures and markets commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. The company operates in North America, South America, Europe, Africa, Asia, and Australia. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in May 2005. Chevron Corporation was founded in 1879 and is headquartered in Houston, Texas.
Risk Metrics
| Beta vs SPX | 0.29 |
|---|---|
| Corr SPX | 0.19 |
| Annual vol | 24.4% |
| Annual ret | +19.9% |
| Sharpe | 0.82 |
| Max DD | -21.5% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $215.00 |
|---|---|
| High / Low | $236.00 / $165.00 |
| Median | $220.00 |
| Analysts | 23 |
| Strong Buy | 5 | |
|---|---|---|
| Buy | 13 | |
| Hold | 6 | |
| Sell | 1 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-05-05 | RBC Capital | → Outperform |
| 2026-05-04 | UBS | → Buy |
| 2026-05-04 | Barclays | → Equal-Weight |
| 2026-04-22 | Scotiabank | → Sector Perform |
| 2026-04-17 | BNP Paribas | → Outperform |
| 2026-04-13 | RBC Capital | → Outperform |
Officers & Board
| Director | Cynthia Warner since 2022 |
|---|---|
| Director | Marillyn Hewson since 2021 |
| Director | Jon Huntsman, Jr. since 2020 |
| Director | Debra Reed since 2018 |
| Director | Jim Umpleby since 2018 |
| CEO | Mike Wirth since 2018 |
| Director | John B. Frank since 2017 |
| Director | Mike Wirth since 2017 |
| Director | Wanda Austin since 2016 |
| Director | Dambisa Moyo, Baroness Moyo since 2016 |
| Director | Alice Gast since 2012 |
| Director | Charles Moorman since 2012 |
| Director | Enrique Hernandez, Jr. since 2008 |
| Director | Ronald Sugar since 2005 |
| Manager | John S. Watson current |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-31 | Earnings Release, Exhibits | read |
| 2026-05-29 | Officer / Director Change | read |
| 2026-05-29 | Shareholder Vote | read |
| 2026-05-01 | Earnings Release, Exhibits | read |
| 2026-04-09 | Earnings Release | read |
| 2026-03-25 | Bylaws Amendment, Exhibits | read |
| 2026-01-30 | Earnings Release, Exhibits | read |
| 2026-01-30 | Officer / Director Change | read |
| 2026-01-27 | Officer / Director Change | read |
| 2025-12-09 | Other Material Event, Exhibits | read |
| 2025-12-05 | Bylaws Amendment, Other Material Event… | read |
| 2025-11-03 | Officer / Director Change | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-11 | GUSTAVSON JEFF B | President, New Energies | Option exercise | 4.85K | $568.61K |
| 2026-08-11 | GUSTAVSON JEFF B | President, New Energies | Sell | 14.04K | $2.74M |
| 2026-08-11 | GUSTAVSON JEFF B | President, New Energies | Option exercise | 4.63K | $580.75K |
| 2026-08-11 | GUSTAVSON JEFF B | President, New Energies | Option exercise | 4.56K | $515.44K |
| 2026-08-05 | Wirth Michael K | Chairman and CEO | Sell | 5.55K | $1.04M |
| 2026-08-03 | HESS JOHN B | J | 9.12K | — | |
| 2026-08-03 | HESS JOHN B | Sell | 44.49K | $8.65M | |
| 2026-08-03 | HESS JOHN B | Sell | 55.51K | $10.77M | |
| 2026-08-03 | HESS JOHN B | J | 2.24M | — | |
| 2026-08-03 | HESS JOHN B | J | 439.79K | — |
Flow & Concentration
| Insider 180d net | -$197.18M |
|---|---|
| Insider buys / sells | 0 / 13 |
| Insider bias | Sellers |
| 13F holders | 10 |
| Top-5 share | 95.0% |
| HHI | 3,761 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $24.61B | 148.45M |
| Berkshire Hathaway | $13.99B | 84.38M |
| Fidelity / FMR LLC | $2.16B | 13.04M |
| Capital Research / Capital World | $1.91B | 11.50M |
| Citadel Advisors | $1.55B | 9.33M |
| AQR Capital Management | $912.07M | 5.50M |
| Millennium Management | $886.88M | 5.35M |
| Renaissance Technologies | $475.82M | 2.87M |
| Bridgewater Associates | $25.65M | 154.75K |
| T. Rowe Price Group | $2.91M | 17.57M |
As of 2026-06-30
Connections
Parents: Standard Oil Co. (1900–1911)
Subsidiarys: Chevron Phillips Chemical (50%)
Dividends
| Yield (TTM) | 1.71% |
|---|---|
| $ / share (TTM) | $3.49 |
| 5y CAGR | +5.8% |
Annual dividend per share
| 2021 | $5.31 |
|---|---|
| 2022 | $5.68 |
| 2023 | $6.04 |
| 2024 | $6.52 |
| 2025 | $6.84 |
| 2026 | $1.78 |
Federal Contracts
| Amount | Agency | Description |
|---|---|---|
| $53.52M | Department of Defense | 8508181558!OCONUS COCO STORAGE SERVICES |
| $50.34M | Department of Defense | 8509235048!OCONUS COCO STORAGE SERVICES |
| $29.37M | Department of Defense | 8511871805!OCONUS COCO STORAGE SERVICES |
| $28.76M | Department of Defense | 8508180522!OCONUS COCO STORAGE SERVICES |
| $11.69M | Department of Defense | 8511846386!TURBINE FUEL,AVIATION |
| $11.28M | Department of Defense | 8511777583!TURBINE FUEL,AVIATION |
| $6.91M | Department of Defense | 8511888042!TURBINE FUEL,AVIATION |
| $5.56M | Department of Defense | 8510118197!TURBINE FUEL,AVIATION |
SEC Filings
The Long Run
FY 2009–2025 · 17 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $196.91B | -0.7% | |
| Net income | $12.30B | -4.6% | |
| Cash from ops | $33.94B | +3.6% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $203.81 | $206.54 | $203.40 | $204.45 | 7.13M |
| Sep 24 | $207.24 | $208.10 | $204.87 | $205.65 | 9.38M |
| Sep 23 | $204.46 | $207.00 | $203.48 | $205.51 | 8.26M |
| Sep 22 | $201.87 | $204.44 | $200.78 | $202.41 | 9.34M |
| Sep 21 | $207.89 | $209.00 | $203.50 | $203.67 | 8.46M |
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