Chevron (CVX)
Produces oil and gas and turns them into fuels, lubricants, and petrochemicals.
Something off on this page? Send us feedback.
Produces crude oil, natural gas, LNG, and natural gas liquids, then refines and markets fuels, lubricants, petrochemicals, additives, and renewable fuels. Upstream drives most earnings, tying results closely to commodity prices, while the integrated Downstream network adds refining, trading, transportation, and retail reach.
Explores, develops, and produces crude oil, natural gas, natural gas liquids, and LNG through its Upstream segment. The portfolio spans North and South America, Europe, Africa, Asia, and Australia, with core positions in the Permian Basin, Guyana, Kazakhstan, the Gulf of America, the Eastern Mediterranean, and Australian LNG.
Refines crude oil and markets gasoline, jet fuel, diesel, lubricants, renewable fuels, petrochemicals, and additives through Downstream. Integration connects production with refining, supply, trading, transportation, retail brands, and the Chevron Phillips Chemical joint venture.
Earnings depend mostly on Upstream profitability and therefore on globally set crude-oil prices. Downstream results depend on refining and marketing margins, reliable asset operation, feedstock and energy costs, and product demand; both segments operate under country-specific contracts, taxes, environmental rules, and production terms.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 3, 2026 | BMO Capital | Reiterate | Rating: —Target: $190 | Target: $235 |
| Sep 3, 2026 | Piper Sandler | Reiterate | Rating: —Target: $207 | Target: $243 |
| Sep 3, 2026 | Wells Fargo | Reiterate | Rating: —Target: $222 | Target: $230 |
| Aug 19, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $214 | Target: $218 |
| Aug 17, 2026 | Barclays | Reiterate | Rating: —Target: $216 | Target: $208 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $8.53B · Total debt $37.08B · Total assets $330.14B · Shareholders' equity $189.88B
- Revenue
- $67.20B
- Operating income
- $21.48B
- Net income
- $12.07B
HistoryDividendAnnual yield
| Institutions | 76.13% | 1.50B shares | |
|---|---|---|---|
| 4,255 holders · as of Jun 30, 2026 | |||
| Insiders | 0.03% | 691.4K shares | |
| 25 holders · as of Aug 20, 2026 | |||
| Other | 23.84% | 470.85M shares | |
| remainder | |||
1.98B company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 7.84% | 154.82M | as of Jun 30, 2026 |
State Street CorpInstitution | 7.51% | 148.45M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.22% | 122.90M | as of Jun 30, 2026 |
Berkshire Hathaway IncInstitution | 4.27% | 84.38M | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 2.25% | 44.54M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | R. Hewitt Pate | officer: Chief Legal Officer | −2,470 | $205.11 |
| Aug 17, 2026 | Andrew Benjamin Walz | officer: President, DM&C | −16,800 | $201.06 |
| Aug 14, 2026 | Michael K. Wirth | director, officer: Chairman and CEO | −317,100 | $200.46 |
| Aug 11, 2026 | Jeff B. Gustavson | officer: President, New Energies | −14,044 | $194.95 |
| Aug 5, 2026 | Michael K. Wirth | director, officer: Chairman and CEO | −5,547 | $187.00 |
- ExxonMobil
Largest US oil major; rival in Permian, Guyana, LNG, refining, and chemicals.
- Shell (ADR)
World-leading LNG trader and Gorgon co-venturer; full integration rival.
- BP (ADR)
British supermajor; full E&P and refining rival including US Whiting refinery.
- TotalEnergies
French supermajor; third-largest LNG globally; full E&P and refining rival.
- ConocoPhillips
Largest US pure-play E&P; Permian and LNG rival, 2.4M boe/d production.
- Occidental Petroleum
Permian-focused E&P rival with world-leading CO2-EOR and Direct Air Capture.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Chevron | $203.63 | −0.02% | $405.85B | 19.5 | 12.8 | 1.9 | +57.9% |
| ExxonMobil | $158.90 | +0.38% | $656.48B | 20.4 | 12.9 | 1.8 | +46.0% |
| Shell (ADR) | $93.81 | +0.58% | $260.05B | 10.3 | 9.0 | 0.9 | +44.7% |
| BP (ADR) | $43.28 | +0.28% | $113.19B | 21.6 | 7.9 | 0.5 | +46.5% |
| TotalEnergies | $89.81 | −0.28% | $200.56B | 11.3 | 8.1 | 1.0 | +26.2% |
| ConocoPhillips | $125.79 | −1.37% | $155.37B | 16.9 | 12.7 | 2.5 | +39.7% |
| Occidental Petroleum | $56.99 | −0.45% | $56.94B | 8.8 | 12.2 | 2.3 | +25.7% |
| Median | 14.1 | 10.6 | 1.4 | +42.2% |