Chevron (CVX) Stock Forecast, Price Target & Predictions
CVX Stock Forecast
Chevron stock forecast is as follows: an average price target of $174.93 (represents a 26.25% upside from CVX’s last price of $138.56) and a rating consensus of 'Buy', based on 26 wall street analysts offering a 1-year stock forecast.
CVX Price Target
The average price target for Chevron (CVX) is $174.93 based on 1-year price targets from 26 Wall Street analysts in the past 3 months, with a price target range of $212.00 to $120.00. This represents a potential 26.25% upside from CVX's last price of $138.56.
CVX Analyst Ratings
According to 26 Wall Street analysts, Chevron's rating consensus is 'Buy'. The analyst rating breakdown for CVX stock is 0 'Strong Buy' (0.00%), 21 'Buy' (80.77%), 4 'Hold' (15.38%), 1 'Sell' (3.85%), and 0 'Strong Sell' (0.00%).
Chevron Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 06, 2024 | Betty Jiang | Barclays | $185.00 | $144.66 | 27.89% | 33.52% |
| Aug 05, 2024 | Neil Mehta | Goldman Sachs | $177.00 | $144.77 | 22.26% | 27.74% |
| Aug 05, 2024 | Neal Dingmann | Truist Financial | $154.00 | $144.77 | 6.38% | 11.14% |
| Aug 05, 2024 | Biraj Borkhataria | RBC Capital | $180.00 | $148.55 | 21.17% | 29.91% |
| Aug 02, 2024 | Bob Brackett | Bernstein | $138.00 | $152.62 | -9.58% | -0.40% |
| Jul 17, 2024 | Frank Lee | HSBC | $200.00 | $160.38 | 24.70% | 44.34% |
| Jul 17, 2024 | Bob Brackett | Bernstein | $167.00 | $157.77 | 5.85% | 20.53% |
| May 17, 2024 | Neil Mehta | Goldman Sachs | $175.00 | $162.72 | 7.55% | 26.30% |
| Apr 30, 2024 | Roger Read | Wells Fargo | $206.00 | $161.27 | 27.74% | 48.67% |
| Apr 30, 2024 | Kim Fustier | HSBC | $178.00 | $161.27 | 10.37% | 28.46% |
The latest Chevron stock forecast, released on Aug 06, 2024 by Betty Jiang from Barclays, set a price target of $185.00, which represents a 27.89% increase from the stock price at the time of the forecast ($144.66), and a 33.52% increase from CVX last price ($138.56).
Chevron Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 7 | 20 |
| Avg Price Target | - | $171.57 | $183.00 |
| Last Closing Price | $138.56 | $138.56 | $138.56 |
| Upside/Downside | -100.00% | 23.82% | 32.07% |
In the current month, the average price target of Chevron stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Chevron's last price of $138.56. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 06, 2024 | Barclays | Overweight | Overweight | Hold |
| Aug 05, 2024 | Cowen & Co. | Hold | Hold | Hold |
| Aug 05, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Aug 02, 2024 | Bernstein | Outperform | Outperform | Hold |
| Jul 17, 2024 | Wolfe Research | Buy | Peer Perform | Initialise |
| Jul 16, 2024 | Bernstein | Outperform | Market Perform | Downgrade |
| May 17, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Apr 30, 2024 | HSBC | Buy | Buy | Hold |
| Apr 30, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Apr 18, 2024 | Piper Sandler | Overweight | Overweight | Hold |
Chevron's last stock rating was published by Barclays on Aug 06, 2024. The company gave CVX a "Overweight" rating, the same as its previous rate.
Chevron Financial Forecast
Chevron Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $47.18B | $51.92B | $47.22B | $48.84B | $54.52B | $63.51B | - | $52.31B | $45.86B | $42.55B | $36.12B | $31.08B | $24.84B | $24.00B |
| Avg Forecast | $86.66B | $83.28B | $80.04B | $76.91B | $52.12B | $51.57B | $51.62B | $51.62B | $52.98B | $51.89B | $48.55B | $48.26B | $49.81B | $50.84B | $50.66B | $48.42B | $50.93B | $52.52B | $46.73B | $48.60B | $52.68B | $60.26B | $58.66B | $47.95B | $45.34B | $39.97B | $36.33B | $32.54B | $25.82B | $25.84B |
| High Forecast | $89.88B | $86.38B | $83.01B | $79.77B | $54.05B | $53.48B | $53.54B | $53.54B | $54.95B | $53.82B | $50.36B | $50.05B | $51.66B | $51.51B | $52.54B | $50.22B | $55.38B | $64.39B | $48.46B | $50.41B | $54.63B | $62.50B | $58.66B | $51.58B | $48.77B | $43.01B | $39.08B | $35.01B | $27.77B | $27.80B |
| Low Forecast | $82.13B | $78.93B | $75.85B | $72.89B | $49.40B | $48.87B | $48.93B | $48.93B | $50.21B | $49.18B | $46.01B | $45.74B | $47.21B | $50.34B | $48.01B | $45.89B | $47.59B | $38.04B | $44.29B | $46.06B | $49.92B | $57.11B | $58.66B | $43.63B | $41.25B | $36.37B | $33.05B | $29.61B | $23.49B | $23.51B |
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 3 | 6 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 6 | 5 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.93% | 0.99% | 1.01% | 1.00% | 1.04% | 1.05% | - | 1.09% | 1.01% | 1.06% | 0.99% | 0.95% | 0.96% | 0.93% |
Chevron's average Quarter revenue forecast for Mar 24 based on 3 analysts is $48.42B, with a low forecast of $45.89B, and a high forecast of $50.22B. CVX's average Quarter revenue forecast represents a 2.63% increase compared to the company's last Quarter revenue of $47.18B (Dec 23).
Chevron EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 3 | 6 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 6 | 5 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $9.86B | $8.86B | $7.96B | $9.64B | $14.73B | $19.14B | - | $12.89B | $11.93B | $12.53B | $9.12B | $6.64B | $3.72B | $4.14B |
| Avg Forecast | $20.20B | $19.41B | $18.66B | $17.93B | $12.15B | $12.02B | $12.03B | $12.03B | $12.35B | $12.10B | $11.32B | $11.25B | $11.61B | $11.85B | $11.81B | $15.25B | $11.87B | $12.24B | $10.89B | $13.86B | $12.28B | $10.47B | $13.67B | $12.60B | $14.07B | $8.28B | $8.11B | $6.64B | $7.17B | $8.97B |
| High Forecast | $20.95B | $20.13B | $19.35B | $18.59B | $12.60B | $12.47B | $12.48B | $12.48B | $12.81B | $12.55B | $11.74B | $11.67B | $12.04B | $12.01B | $12.25B | $18.30B | $12.91B | $15.01B | $11.30B | $16.64B | $12.73B | $12.56B | $13.67B | $15.13B | $16.88B | $9.93B | $9.73B | $7.97B | $8.61B | $10.76B |
| Low Forecast | $19.15B | $18.40B | $17.68B | $16.99B | $11.51B | $11.39B | $11.40B | $11.40B | $11.70B | $11.46B | $10.73B | $10.66B | $11.00B | $11.73B | $11.19B | $12.20B | $11.09B | $8.87B | $10.32B | $11.09B | $11.64B | $8.38B | $13.67B | $10.08B | $11.25B | $6.62B | $6.49B | $5.31B | $5.74B | $7.17B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.83% | 0.72% | 0.73% | 0.70% | 1.20% | 1.83% | - | 1.02% | 0.85% | 1.51% | 1.12% | 1.00% | 0.52% | 0.46% |
3 analysts predict CVX's average Quarter EBITDA for Mar 24 to be $15.25B, with a high of $18.30B and a low of $12.20B. This is 54.61% upper than Chevron's previous annual EBITDA (Dec 23) of $9.86B.
Chevron Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 3 | 6 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 6 | 5 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.24B | $6.53B | $6.01B | $6.57B | $6.35B | $11.23B | - | $6.26B | $5.08B | $6.11B | $3.08B | $1.38B | $-665.00M | $-207.00M |
| Avg Forecast | $7.76B | $7.80B | $7.84B | $7.43B | $7.03B | $6.97B | $6.74B | $6.49B | $6.51B | $6.52B | $6.18B | $5.58B | $5.51B | $5.44B | $5.37B | $7.36B | $5.86B | $6.79B | $5.34B | $6.70B | $7.94B | $5.11B | $9.41B | $6.09B | $5.96B | $4.04B | $2.74B | $1.38B | $-1.28B | $-448.50M |
| High Forecast | $8.14B | $8.17B | $8.21B | $7.79B | $7.37B | $7.31B | $7.06B | $6.81B | $6.82B | $6.83B | $6.48B | $5.84B | $5.78B | $6.49B | $5.63B | $8.84B | $6.25B | $7.62B | $5.60B | $8.03B | $8.32B | $6.13B | $9.41B | $7.30B | $7.15B | $4.84B | $3.29B | $1.65B | $-1.03B | $-358.80M |
| Low Forecast | $7.24B | $7.27B | $7.30B | $6.93B | $6.56B | $6.50B | $6.28B | $6.05B | $6.07B | $6.07B | $5.76B | $5.20B | $5.14B | $4.38B | $5.01B | $5.89B | $5.43B | $5.26B | $4.98B | $5.36B | $7.40B | $4.09B | $9.41B | $4.87B | $4.77B | $3.23B | $2.19B | $1.10B | $-1.54B | $-538.20M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.38% | 0.96% | 1.12% | 0.98% | 0.80% | 2.20% | - | 1.03% | 0.85% | 1.51% | 1.12% | 1.00% | 0.52% | 0.46% |
Chevron's average Quarter net income forecast for Mar 24 is $7.36B, with a range of $5.89B to $8.84B. CVX's average Quarter net income forecast represents a 228.35% increase compared to the company's last Quarter net income of $2.24B (Dec 23).
Chevron SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 3 | 6 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 6 | 5 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $254.00M | $1.16B | - | $881.00M | $1.45B | $1.03B | - | $967.00M | $1.27B | $657.00M | $1.10B | $990.00M | $1.13B | $832.00M |
| Avg Forecast | $2.13B | $2.05B | $1.97B | $1.89B | $1.28B | $1.27B | $1.27B | $1.27B | $1.30B | $1.28B | $1.19B | $1.19B | $1.22B | $1.25B | $1.24B | $1.14B | $1.25B | $1.29B | $1.15B | $1.03B | $1.29B | $549.06M | $1.44B | $940.39M | $1.50B | $434.04M | $975.01M | $990.00M | $2.18B | $1.80B |
| High Forecast | $2.21B | $2.12B | $2.04B | $1.96B | $1.33B | $1.31B | $1.32B | $1.32B | $1.35B | $1.32B | $1.24B | $1.23B | $1.27B | $1.27B | $1.29B | $1.37B | $1.36B | $1.58B | $1.19B | $1.24B | $1.34B | $658.87M | $1.44B | $1.13B | $1.80B | $520.84M | $1.17B | $1.19B | $2.61B | $2.16B |
| Low Forecast | $2.02B | $1.94B | $1.86B | $1.79B | $1.21B | $1.20B | $1.20B | $1.20B | $1.23B | $1.21B | $1.13B | $1.12B | $1.16B | $1.24B | $1.18B | $910.29M | $1.17B | $934.64M | $1.09B | $827.54M | $1.23B | $439.24M | $1.44B | $752.31M | $1.20B | $347.23M | $780.01M | $792.00M | $1.74B | $1.44B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.20% | 0.90% | - | 0.85% | 1.12% | 1.87% | - | 1.03% | 0.85% | 1.51% | 1.12% | 1.00% | 0.52% | 0.46% |
Chevron's average Quarter SG&A projection for Mar 24 is $1.14B, based on 3 Wall Street analysts, with a range of $910.29M to $1.37B. The forecast indicates a 347.98% rise compared to CVX last annual SG&A of $254.00M (Dec 23).
Chevron EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 3 | 6 | 8 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 6 | 5 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.20 | $3.48 | $3.22 | $3.49 | $3.34 | $5.81 | - | $3.23 | $2.65 | $3.19 | $1.61 | $0.72 | $-0.33 | $-0.12 |
| Avg Forecast | $4.24 | $4.25 | $4.27 | $4.05 | $3.84 | $3.80 | $3.67 | $3.54 | $3.55 | $3.55 | $3.37 | $3.04 | $3.01 | $2.97 | $2.93 | $2.92 | $3.19 | $3.70 | $2.91 | $3.40 | $4.33 | $4.89 | $5.09 | $3.40 | $3.13 | $2.20 | $1.59 | $0.89 | $0.09 | $-0.26 |
| High Forecast | $4.44 | $4.46 | $4.48 | $4.25 | $4.02 | $3.99 | $3.85 | $3.71 | $3.72 | $3.73 | $3.53 | $3.19 | $3.15 | $3.54 | $3.07 | $3.06 | $3.41 | $4.16 | $3.06 | $3.56 | $4.54 | $5.13 | $5.09 | $3.73 | $3.43 | $2.42 | $1.75 | $0.97 | $0.10 | $-0.23 |
| Low Forecast | $3.95 | $3.96 | $3.98 | $3.78 | $3.58 | $3.54 | $3.42 | $3.30 | $3.31 | $3.31 | $3.14 | $2.83 | $2.80 | $2.39 | $2.73 | $2.72 | $2.96 | $2.87 | $2.72 | $3.17 | $4.03 | $4.56 | $5.09 | $3.00 | $2.76 | $1.94 | $1.40 | $0.78 | $0.08 | $-0.28 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.38% | 0.94% | 1.10% | 1.03% | 0.77% | 1.19% | - | 0.95% | 0.85% | 1.45% | 1.01% | 0.81% | -3.60% | 0.47% |
According to 3 Wall Street analysts, Chevron's projected average Quarter EPS for Mar 24 is $2.92, with a low estimate of $2.72 and a high estimate of $3.06. This represents a 143.35% increase compared to CVX previous annual EPS of $1.20 (Dec 23).
Chevron Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| EQNR | Equinor ASA | $24.93 | $82.50 | 230.93% | Hold |
| BP | BP p.l.c. | $31.90 | $43.18 | 35.36% | Buy |
| SHEL | Shell | $66.91 | $84.67 | 26.54% | Buy |
| CVX | Chevron | $138.56 | $174.93 | 26.25% | Buy |
| EC | Ecopetrol | $9.19 | $11.35 | 23.50% | Buy |
| PBR | Petróleo Brasileiro S.A. - Petrobras | $14.75 | $16.47 | 11.66% | Buy |
| SU | Suncor Energy | $37.32 | $40.78 | 9.27% | Buy |
| TTE | TotalEnergies SE | $66.30 | $72.00 | 8.60% | Hold |
| XOM | Exxon Mobil | $112.64 | $118.02 | 4.78% | Buy |
| CVE | Cenovus Energy | $16.85 | $17.01 | 0.95% | Buy |
| YPF | YPF Sociedad Anónima | $23.35 | $21.03 | -9.94% | Hold |
CVX Forecast FAQ
Is Chevron a good buy?
Yes, according to 26 Wall Street analysts, Chevron (CVX) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 21 'Buy' recommendations, accounting for 80.77% of CVX's total ratings.
What is CVX's price target?
Chevron (CVX) average price target is $174.93 with a range of $120 to $212, implying a 26.25% from its last price of $138.56. The data is based on 26 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Chevron stock go up soon?
According to Wall Street analysts' prediction for CVX stock, the company can go up by 26.25% (from the last price of $138.56 to the average price target of $174.93), up by 53.00% based on the highest stock price target, and down by -13.39% based on the lowest stock price target.
Can Chevron stock reach $200?
CVX's highest twelve months analyst stock price target of $212 supports the claim that Chevron can reach $200 in the near future.
What are Chevron's analysts' financial forecasts?
Chevron's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $206.93B (high $214.62B, low $196.12B), average EBITDA is $48.24B (high $50.03B, low $45.71B), average net income is $27.24B (high $28.55B, low $25.39B), average SG&A $5.08B (high $5.27B, low $4.82B), and average EPS is $14.86 (high $15.57, low $13.85). CVX's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $326.9B (high $339.04B, low $309.81B), average EBITDA is $76.2B (high $79.03B, low $72.22B), average net income is $30.83B (high $32.31B, low $28.73B), average SG&A $8.03B (high $8.33B, low $7.61B), and average EPS is $16.81 (high $17.63, low $15.67).
Did the CVX's actual financial results beat the analysts' financial forecasts?
Based on Chevron's last annual report (Dec 2023), the company's revenue was $200.95B, beating the average analysts forecast of $198.78B by 1.09%. Apple's EBITDA was $47.38B, missing the average prediction of $48.87B by -3.05%. The company's net income was $21.41B, missing the average estimation of $24.68B by -13.26%. Apple's SG&A was $914M, missing the average forecast of $4.72B by -80.65%. Lastly, the company's EPS was $11.39, missing the average prediction of $13.21 by -13.78%. In terms of the last quarterly report (Dec 2023), Chevron's revenue was $47.18B, missing the average analysts' forecast of $50.93B by -7.36%. The company's EBITDA was $9.86B, missing the average prediction of $11.87B by -16.90%. Chevron's net income was $2.24B, missing the average estimation of $5.86B by -61.70%. The company's SG&A was $254M, missing the average forecast of $1.25B by -79.70%. Lastly, the company's EPS was $1.2, missing the average prediction of $3.19 by -62.43%