Chevron Corp.

Chevron Corp.

CVX

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Market Cap$363.39B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Chevron Corp.Chevron Corp.32.83.83%6%20.3

Earnings Call Q1 2026

May 1, 2026 - AI Summary

Solid Earnings and Cash Flow: Chevron Corporation reported earnings of $2.2 billion ($1.11 per share) for Q1 2026, with adjusted earnings at $2.8 billion ($1.41 per share). The company generated cash flow from operations of $7.1 billion, despite a $3 billion negative impact from timing effects and special items. Adjusted free cash flow stood at $4.1 billion, and share repurchases totaled $2.5 billion.
Robust Production Growth: The company's oil-equivalent production rose by 500,000 barrels per day year-over-year, totaling over 2 million barrels per day, driven by integration of legacy Hess assets. Outlook for Q2 indicates production will continue to increase, with guidance for 7% to 10% production growth retained for the year.
Capital Allocation Discipline: Chevron reaffirmed its commitment to its capital allocation framework, maintaining a capital spending budget of $18 billion to $19 billion. The buyback range remains unchanged at $2.5 billion to $3 billion per quarter. The company continues to prioritize dividend growth—its 39th consecutive year—in conjunction with sustainable capital investment.

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$209.27

Target Price by Analysts

10.2% upsideChevron Target Price DetailsTarget Price
$153.41

Current Fair Value

19.2% downside

Overvalued by 19.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$363.39 Billion
Enterprise Value$404.80 Billion
Dividend Yield$6.98 (3.83%)
Earnings per Share$6.65
Beta0.5
Outstanding Shares1,980,146,000

Return

Return on Equity6.10%ROE
Return on Assets3.40%
Return on Invested Capital6.41%

Valuation & Multiples

P/E Ratio32.82P/E Ratio
PEG-88.52PEG
Price to Sales2.02Price to Sales
Price to Book Ratio2.0Price to Book Ratio
Enterprise Value to Revenue2.16
Enterprise Value to EBIT21.96
Enterprise Value to Net Income36
Total Debt to Enterprise0.12
Debt to Equity0.25Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 1, 2026
EPS Estimate
$1.00
Average shareholder expectation
Revenue Estimate
$51.86 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 7, 2026
EPS Estimate
$5.18
Average shareholder expectation
Revenue Estimate
$63.24 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.9628 8.88%
Total Calls21,247,804 18.69%
Total Puts20,457,166 30.75%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %77.84% 4.28%
Total Invested$297.27B 33.17%
Investors Holding4,348 292.00%

ESG Score

No data

About Chevron Corp.

Relevant Senate Committees

Joint Committee on Taxation

This committee provides critical analysis and official revenue estimates for all tax legislation, directly influencing corporate tax structures, capital investment credits, and the overall tax burden on Chevron.

Finance

This powerful committee's control over corporate taxation, international trade (e.g., tariffs on crude imports), and entitlement spending directly influences Chevron's profitability, global supply chains, and investment decisions.

Appropriations

This committee directly allocates federal discretionary spending, impacting funding for defense fuel procurement (where Chevron is a supplier), energy research, and infrastructure projects relevant to the industry.

Agriculture, Nutrition, and Forestry

Oversight of the CFTC is highly relevant to Chevron, as the CFTC regulates the extensive commodities derivatives and futures markets essential for oil pricing, hedging, and trading strategies.

Energy and Natural Resources

This committee directly oversees national energy policy, public lands leasing (critical for exploration and production), and the Department of Energy, all of which are central to Chevron's core business.

Environment and Public Works

Direct oversight of the EPA means this committee regulates environmental standards, emissions, and waste management for Chevron's refineries and operations, significantly impacting compliance costs and operational permits.

Foreign Relations

Chevron operates globally; this committee's decisions on sanctions, international treaties, and foreign policy directly impact crude oil sourcing, global market access, and operational stability in various regions.