Erste Group Bank Forecasts Increased Earnings for Chevron

Chevron Corporation (NYSE:CVX) – Analysts at Erste Group Bank raised their FY2026 EPS estimates for Chevron in a research note issued on Tuesday, March 24th. Erste Group Bank analyst H. Engel now expects that the oil and gas company will post earnings per share of $7.46 for the year, up from their prior estimate of $6.75. The consensus estimate for Chevron’s current full-year earnings is $10.79 per share.

Chevron (NYSE:CVX) last announced its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.08. The firm had revenue of $45.79 billion for the quarter, compared to analyst estimates of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.06 earnings per share.

CVX has been the topic of several other research reports. Piper Sandler increased their price target on Chevron from $179.00 to $242.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. UBS Group reiterated a “buy” rating and issued a $212.00 target price on shares of Chevron in a report on Monday, February 2nd. Melius Research upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a report on Tuesday, February 17th. Barclays lifted their price objective on shares of Chevron from $172.00 to $180.00 and gave the company an “equal weight” rating in a report on Monday, March 16th. Finally, HSBC upgraded shares of Chevron from a “hold” rating to a “buy” rating and set a $215.00 target price on the stock in a report on Friday, March 20th. Fourteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $184.77.

Chevron Stock Performance

Shares of Chevron stock opened at $207.81 on Friday. The business has a 50-day simple moving average of $184.62 and a 200 day simple moving average of $164.74. Chevron has a one year low of $132.04 and a one year high of $209.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. The firm has a market capitalization of $414.67 billion, a price-to-earnings ratio of 31.20, a PEG ratio of 1.90 and a beta of 0.67.

Chevron Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 17th were issued a dividend of $1.78 per share. This represents a $7.12 annualized dividend and a yield of 3.4%. This is a boost from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date was Tuesday, February 17th. Chevron’s dividend payout ratio is presently 106.91%.

Insider Activity

In other Chevron news, CEO Michael K. Wirth sold 320,700 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $162.99, for a total value of $52,270,893.00. Following the completion of the sale, the chief executive officer directly owned 14,450 shares of the company’s stock, valued at approximately $2,355,205.50. This represents a 95.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider R. Hewitt Pate sold 58,000 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $188.65, for a total transaction of $10,941,700.00. Following the completion of the sale, the insider owned 8,558 shares of the company’s stock, valued at approximately $1,614,466.70. This trade represents a 87.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,099,397 shares of company stock valued at $196,196,468 in the last three months. 0.21% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CVX. Core Wealth Advisors LLC bought a new stake in Chevron in the fourth quarter worth about $26,000. Phillip James Consulting Co. purchased a new stake in shares of Chevron during the 4th quarter worth approximately $26,000. Basso Capital Management L.P. purchased a new position in Chevron in the fourth quarter valued at approximately $27,000. Karpus Management Inc. bought a new position in Chevron during the fourth quarter valued at $27,000. Finally, Quattro Advisors LLC purchased a new stake in Chevron in the fourth quarter worth $27,000. Institutional investors own 72.42% of the company’s stock.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Bernstein raised Chevron’s price target, citing a stronger crude backdrop that supports higher valuation and near-term earnings. Bernstein price target raise
• Positive Sentiment: Erste Group raised FY2027 EPS estimates for CVX, signaling analyst confidence in higher future earnings as the market rally continues. Erste raises FY2027 EPS
• Positive Sentiment: Multiple industry pieces highlight Chevron’s resilience — low breakeven costs, strong balance sheet and an attractive dividend — framing CVX as a winner whether oil stays high or later falls. TheStreet: Surging Chevron stock
• Neutral Sentiment: Brokerages maintain a consensus “Hold” on CVX, indicating mixed short-term sentiment despite bullish headlines. Consensus Hold
• Neutral Sentiment: Chevron updated board bylaws after the Hess acquisition—corporate governance housekeeping that supports integration but is unlikely to move the stock materially on its own. Board bylaws update
• Negative Sentiment: Cyclone-related outages at Chevron’s Australian Gorgon and Wheatstone gas facilities are disrupting production and could weigh on near-term volumes and revenue until restored. Reuters: Australian outage
• Negative Sentiment: Legislative risk: a proposed “Big Oil Windfall Profits Tax” bill could impose sizable excise taxes on large producers (including CVX) if enacted, creating policy uncertainty. QuiverQuant: Windfall profits tax bill

About Chevron

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.