Chevron (NYSE:CVX) Shares Up 3.3% Following Better-Than-Expected Earnings

Chevron Corporation (NYSE:CVX) traded up 3.3% during trading on Friday following a stronger than expected earnings report. The stock traded as high as $177.30 and last traded at $176.7540. 22,901,669 shares traded hands during trading, an increase of 74% from the average session volume of 13,165,488 shares. The stock had previously closed at $171.19.

The oil and gas company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.44 by $0.08. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The firm had revenue of $45.79 billion for the quarter, compared to the consensus estimate of $48.18 billion. During the same quarter last year, the firm posted $2.06 EPS. The business’s quarterly revenue was down 10.2% on a year-over-year basis.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Q4 EPS beat and dividend increase — Chevron reported adjusted Q4 EPS of $1.52 vs. consensus ~$1.44 and raised the quarterly dividend to $1.78, reinforcing income appeal and signaling free‑cash‑flow strength. Read More.
• Positive Sentiment: Record production and growth outlook — Management reported record 2025 production (helped by Permian, Tengiz and assets from the Hess deal) and guided to mid‑single digit production growth for 2026, supporting earnings resilience as oil prices recover. Read More.
• Positive Sentiment: Venezuela opportunity — Chevron is positioned to expand Venezuelan exports (reports of plans to lift shipments to ~300k bpd) and management flagged improving regulatory signals there, creating a potentially material upside optionality for volumes and heavy‑crude feedstock. Read More.
• Positive Sentiment: Sector tailwind — Rising crude and heightened geopolitical risk have lifted oil majors broadly this month, amplifying the impact of Chevron’s positive operational news on its share price. Read More.
• Neutral Sentiment: Management commentary and investor calls — CEO Mike Wirth gave interviews and hosted the earnings call emphasizing Venezuela, cost discipline and project execution; informative for longer‑term thesis but not an immediate surprise. Read More.
• Neutral Sentiment: Talks to expand Venezuela license — Reports say Chevron is in discussions to broaden its Venezuela remit; the development is strategically important but depends on licensing and logistics. Read More.
• Negative Sentiment: Revenue miss and profit decline Y/Y — Q4 revenue missed estimates (~$45.8B vs. ~$48.2B expected) and full‑year profits fell vs. 2024, reflecting weaker oil prices and pressuring margin dynamics. That tempers the beat and is a near‑term risk if prices stay low. Read More.
• Negative Sentiment: Constrained Venezuela spending — Reports that Chevron will cap Venezuela capital outlays despite administration encouragement could limit near‑term upside to output if policy access improves faster than spending follows. Read More.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group boosted their price objective on Chevron from $174.00 to $189.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Barclays boosted their price target on Chevron from $158.00 to $166.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 21st. BMO Capital Markets reiterated an “outperform” rating on shares of Chevron in a report on Thursday, January 8th. Scotiabank reaffirmed a “sector perform” rating and issued a $168.00 target price on shares of Chevron in a report on Friday, January 16th. Finally, Hsbc Global Res upgraded Chevron from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $170.00.

Insider Activity at Chevron

In other Chevron news, CFO Eimear P. Bonner sold 28,334 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $165.05, for a total value of $4,676,526.70. Following the completion of the transaction, the chief financial officer directly owned 4,366 shares in the company, valued at approximately $720,608.30. The trade was a 86.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alana K. Knowles sold 7,956 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $165.05, for a total value of $1,313,137.80. Following the transaction, the insider owned 1,207 shares of the company’s stock, valued at $199,215.35. This represents a 86.83% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 645,924 shares of company stock valued at $102,079,188. 0.21% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CVX. Perigon Wealth Management LLC boosted its holdings in shares of Chevron by 19.3% in the third quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company’s stock valued at $11,406,000 after purchasing an additional 11,875 shares during the period. New York State Teachers Retirement System increased its holdings in Chevron by 15.3% in the 3rd quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company’s stock worth $251,606,000 after buying an additional 215,345 shares during the period. Solitude Financial Services increased its holdings in shares of Chevron by 8.2% during the 2nd quarter. Solitude Financial Services now owns 25,325 shares of the oil and gas company’s stock valued at $3,626,000 after purchasing an additional 1,913 shares in the last quarter. Pictet North America Advisors SA acquired a new stake in shares of Chevron during the 3rd quarter valued at about $5,662,000. Finally, Shell Asset Management Co. grew its stake in Chevron by 21.4% in the 2nd quarter. Shell Asset Management Co. now owns 51,115 shares of the oil and gas company’s stock valued at $7,319,000 after acquiring an additional 9,002 shares during the period. Institutional investors own 72.42% of the company’s stock.

Chevron Stock Up 3.3%

The firm has a market cap of $355.90 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 11.83 and a beta of 0.70. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. The business has a fifty day simple moving average of $155.87 and a 200 day simple moving average of $155.24.

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.