Chevron Stock Earnings Estimates Boosted by Erste Group Bank

Chevron Corporation (NYSE:CVX) – Investment analysts at Erste Group Bank upped their FY2026 earnings per share estimates for shares of Chevron in a research note issued on Thursday, October 8th. Erste Group Bank analyst H. Engel now anticipates that the oil and gas company will post earnings per share of $16.90 for the year, up from their previous estimate of $16.09. The consensus estimate for Chevron’s current full-year earnings is $17.59 per share. Erste Group Bank also issued estimates for Chevron’s FY2027 earnings at $13.78 EPS.

Chevron (NYSE:CVX) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share for the quarter, topping analysts’ consensus estimates of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%. The firm had revenue of $67.20 billion for the quarter, compared to analyst estimates of $62.72 billion. During the same period last year, the company earned $1.77 EPS. The business’s quarterly revenue was up 57.4% compared to the same quarter last year.

Other analysts have also issued research reports about the company. UBS Group raised their price target on Chevron from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, October 8th. HSBC set a $90.00 price objective on shares of Chevron in a research report on Friday, September 25th. Wolfe Research upgraded shares of Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price objective for the company in a report on Thursday, July 2nd. Raymond James Financial decreased their price objective on shares of Chevron from $230.00 to $225.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. Finally, Bank of America raised their target price on shares of Chevron from $210.00 to $227.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $213.08.

Chevron Price Performance

Shares of Chevron stock opened at $222.05 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The company has a market cap of $438.71 billion, a PE ratio of 20.09, a P/E/G ratio of 0.60 and a beta of 0.53. The business has a 50 day moving average of $206.20 and a 200 day moving average of $193.23. Chevron has a 52 week low of $146.49 and a 52 week high of $222.55.

Institutional Trading of Chevron

Institutional investors and hedge funds have recently bought and sold shares of the company. Mather Group LLC. boosted its stake in shares of Chevron by 77.3% in the 3rd quarter. Mather Group LLC. now owns 89,259 shares of the oil and gas company’s stock worth $18,391,000 after buying an additional 38,926 shares during the last quarter. Hudock Inc. grew its holdings in shares of Chevron by 5.3% in the third quarter. Hudock Inc. now owns 21,104 shares of the oil and gas company’s stock worth $4,363,000 after acquiring an additional 1,054 shares during the period. West Wealth Group LLC increased its position in Chevron by 9.1% during the third quarter. West Wealth Group LLC now owns 2,651 shares of the oil and gas company’s stock valued at $541,000 after acquiring an additional 222 shares during the last quarter. First Pacific Financial increased its position in Chevron by 2.7% during the third quarter. First Pacific Financial now owns 21,377 shares of the oil and gas company’s stock valued at $4,365,000 after acquiring an additional 564 shares during the last quarter. Finally, Summit Financial Strategies Inc. increased its position in Chevron by 2.1% during the third quarter. Summit Financial Strategies Inc. now owns 3,099 shares of the oil and gas company’s stock valued at $633,000 after acquiring an additional 65 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider R. Pate sold 2,470 shares of Chevron stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total value of $506,621.70. Following the completion of the transaction, the insider owned 10,794 shares of the company’s stock, valued at $2,213,957.34. The trade was a 18.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John B. Hess sold 100,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.26, for a total transaction of $19,426,000.00. Following the completion of the transaction, the director owned 178,045 shares in the company, valued at approximately $34,587,021.70. The trade was a 35.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,152,582 shares of company stock valued at $225,853,661. Insiders own 0.56% of the company’s stock.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were paid a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron’s dividend payout ratio is currently 68.26%.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron’s recovery of U.S. Gulf of Mexico production after Hurricane Isaias, with no reported damage to its facilities, reduces the risk of a prolonged operational disruption. Chevron & Shell Lead U.S. Gulf Oil Production Recovery After Hurricane
• Positive Sentiment: Analysts at Erste Group raised their fiscal 2026 EPS forecast for Chevron to $16.90 from $16.09 and lifted the fiscal 2027 estimate to $13.78 from $13.52, reinforcing the view that earnings momentum remains favorable. Chevron analyst earnings estimates
• Positive Sentiment: Chevron is among the energy companies positioned to benefit from Venezuela’s oil revival and potential efforts to offset supply disruptions near the Strait of Hormuz. The opportunity could expand production and long-term cash flow, although execution and geopolitical risks remain. Venezuela’s Oil Revival Is Gaining Momentum
• Positive Sentiment: Chevron’s integrated model—combining upstream production with refining and other businesses—continues to support dividend resilience when crude prices weaken. Its Beetaloo Basin expertise also helped deliver Australia’s first commercial gas, adding potential exposure to LNG demand. Oil Giants and Dividend Resilience
• Neutral Sentiment: Coverage of Chevron’s AI investment process indicates that management is evaluating AI projects based on measurable returns and competition for capital. The initiative may improve efficiency, but no immediate financial impact was identified. How CFOs Decide Which AI Bets Create Value
• Negative Sentiment: Chevron reportedly agreed to take a one-time loss of approximately $3 billion to $4 billion, which could weigh on near-term results despite stronger underlying earnings. Chevron Is Cleaning House Before the Earnings Peak Fades
• Negative Sentiment: Some valuation analysis views CVX as overvalued after its rally, while longer-term comparisons show the stock has underperformed the broader market over the past decade. These concerns could limit further upside. Is Chevron Overvalued After Its Rally?

About Chevron

Chevron Corporation (NYSE:CVX) is an integrated energy company engaged in the exploration, development, production, transportation and sale of crude oil and natural gas. Its upstream operations include oil and gas exploration and production, while its downstream business includes refining crude oil, marketing fuels and manufacturing and distributing lubricants, petrochemicals and fuel additives.

The company also invests in lower-carbon businesses and technologies, including renewable fuels, carbon capture and storage, hydrogen and other opportunities intended to reduce emissions from its operations and energy products.