Chevron FY2026 EPS Estimate Boosted by Erste Group Bank

Chevron Corporation (NYSE:CVX) – Equities research analysts at Erste Group Bank raised their FY2026 EPS estimates for Chevron in a research note issued on Thursday, April 2nd. Erste Group Bank analyst H. Engel now anticipates that the oil and gas company will post earnings of $7.94 per share for the year, up from their previous forecast of $7.46. The consensus estimate for Chevron’s current full-year earnings is $10.79 per share.

Chevron (NYSE:CVX) last issued its quarterly earnings results 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 business had revenue of $45.79 billion for the quarter, compared to the consensus estimate of $48.18 billion. Chevron had a net margin of 6.51% and a return on equity of 7.89%. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.06 earnings per share.

Several other equities research analysts have also recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Chevron from $174.00 to $212.00 and gave the company an “overweight” rating in a research report on Friday, March 27th. JPMorgan Chase & Co. upgraded shares of Chevron from a “neutral” rating to an “overweight” rating and set a $176.00 price objective on the stock in a research report on Tuesday, January 20th. Freedom Capital cut shares of Chevron from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Citigroup lifted their price objective on shares of Chevron from $210.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Finally, Mizuho lifted their price objective on shares of Chevron from $206.00 to $217.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Chevron has a consensus rating of “Moderate Buy” and an average target price of $187.64.

Chevron Trading Up 1.3%

Chevron stock opened at $201.37 on Wednesday. The stock has a market cap of $401.82 billion, a P/E ratio of 30.24, a PEG ratio of 1.66 and a beta of 0.60. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.15 and a quick ratio of 0.86. Chevron has a 1 year low of $132.04 and a 1 year high of $214.71. The firm’s 50 day moving average price is $190.43 and its 200-day moving average price is $167.42.

Chevron Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.5%. This is a positive change from Chevron’s previous quarterly dividend of $1.71. The ex-dividend date was Tuesday, February 17th. Chevron’s dividend payout ratio (DPR) is presently 106.91%.

Insider Buying and Selling at Chevron

In other Chevron news, CEO Michael K. Wirth sold 272,624 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $189.35, for a total transaction of $51,621,354.40. Following the transaction, the chief executive officer owned 31,266 shares in the company, valued at $5,920,217.10. The trade was a 89.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Mark A. Nelson sold 139,600 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $187.92, for a total transaction of $26,233,632.00. Following the transaction, the insider owned 11,337 shares in the company, valued at $2,130,449.04. This trade represents a 92.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 782,607 shares of company stock valued at $146,510,571. Insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CVX. Vanguard Group Inc. grew its holdings in shares of Chevron by 17.9% in the third quarter. Vanguard Group Inc. now owns 183,790,028 shares of the oil and gas company’s stock worth $28,540,753,000 after purchasing an additional 27,961,463 shares during the last quarter. Norges Bank bought a new position in shares of Chevron in the fourth quarter worth about $3,727,586,000. State Street Corp grew its holdings in shares of Chevron by 9.1% in the third quarter. State Street Corp now owns 152,605,988 shares of the oil and gas company’s stock worth $23,698,184,000 after purchasing an additional 12,789,399 shares during the last quarter. Berkshire Hathaway Inc grew its holdings in shares of Chevron by 6.6% in the fourth quarter. Berkshire Hathaway Inc now owns 130,156,362 shares of the oil and gas company’s stock worth $19,837,131,000 after purchasing an additional 8,091,570 shares during the last quarter. Finally, Primecap Management Co. CA bought a new position in shares of Chevron in the third quarter worth about $988,083,000. 72.42% of the stock is currently owned by institutional investors.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: BMO Capital raised its price target on Chevron to $205 (from $200) and kept an Outperform rating, citing higher Q1 assumptions amid the Iran war and volatile oil markets — a near-term analyst boost for the stock. BMO Capital Boosts Chevron (CVX) Target, Sees Wide Range for Oil Prices
• Positive Sentiment: Chevron resumed production at the Leviathan gas field and added pipeline/platform capacity, improving near‑term gas volumes and export optionality (Israel, Egypt, Jordan, Europe) that supports CVX’s upstream gas growth profile. Chevron Leviathan Restart And Capacity Lift Feed Into CVX Story
• Positive Sentiment: Geopolitical supply risk — including reported U.S. strikes on Kharg Island and Strait of Hormuz tensions — pushed oil above $110, boosting revenue/margin expectations for integrated producers like Chevron. Higher spot oil supports cash flow, dividends and buyback capacity. US Strikes Iran’s Kharg Island as Hormuz Deadline Nears; Oil Surges Above $110
• Neutral Sentiment: Sector technicals and analyst upgrades underpin XLE and its top holdings (Chevron is ~17% of XLE), but MarketBeat flags a near-term pullback/“dark cloud” candle — supportive longer-term earnings trends but potential short-term consolidation. XLE ETF Hits Peak: What Comes Next May Surprise You
• Neutral Sentiment: Retail flows into stocks dropped sharply from January highs, but historical April seasonality tends to favor bulls — a mixed signal that could limit downside if institutional buying continues. Retail Stock Buying Drops 50% From January Highs as Sellers Take Over
• Negative Sentiment: Barron’s warned the energy sector may lag during broader market rallies, noting short-term selling pressure can hit oil names even as oil prices stay elevated — a reminder of potential volatility and rotation risk for CVX. Exxon, Chevron, More Oil Stocks Fall. Get Used To It.

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.