Chevron (CVX) Stock Forecast, Price Target & Predictions


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CVX Stock Forecast


Chevron stock forecast is as follows: an average price target of $173.19 (represents a 7.04% upside from CVX’s last price of $161.80) 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 $173.19 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 7.04% upside from CVX's last price of $161.80.

CVX Analyst Ratings


Buy

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 04, 2024Neal DingmannTruist Financial$155.00$153.970.67%-4.20%
Oct 21, 2024Neal DingmannTruist Financial$150.00$150.75-0.50%-7.29%
Oct 17, 2024Jean Ann SalisburyBank of America Securities$168.00$148.7312.96%3.83%
Oct 10, 2024Paul ChengScotiabank$163.00$149.658.92%0.74%
Oct 02, 2024Betty JiangBarclays$168.00$149.7012.22%3.83%
Aug 06, 2024Betty JiangBarclays$185.00$144.6627.89%14.34%
Aug 05, 2024Neal DingmannTruist Financial$154.00$144.776.38%-4.82%
Aug 05, 2024Neil MehtaGoldman Sachs$177.00$144.7722.26%9.39%
Aug 05, 2024Biraj BorkhatariaRBC Capital$180.00$148.5521.17%11.25%
Aug 02, 2024Bob BrackettBernstein$138.00$152.62-9.58%-14.71%
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The latest Chevron stock forecast, released on Nov 04, 2024 by Neal Dingmann from Truist Financial, set a price target of $155.00, which represents a 0.67% increase from the stock price at the time of the forecast ($153.97), and a -4.20% decrease from CVX last price ($161.80).

Chevron Price Target by Period


1M3M12M
# Anlaysts3524
Avg Price Target$157.67$160.80$178.42
Last Closing Price$161.80$161.80$161.80
Upside/Downside-2.55%-0.62%10.27%

In the current month, the average price target of Chevron stock is $157.67, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a -2.55% decrease as opposed to Chevron's last price of $161.80. This month's average price target is down -1.95% compared to last quarter, and down -11.63% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Oct 10, 2024ScotiabankOutperformOutperformHold
Oct 02, 2024BarclaysOverweightOverweightHold
Aug 06, 2024BarclaysOverweightOverweightHold
Aug 05, 2024Cowen & Co.HoldHoldHold
Aug 05, 2024RBC CapitalOutperformOutperformHold
Aug 02, 2024BernsteinOutperformOutperformHold
Jul 17, 2024Wolfe ResearchBuyPeer PerformInitialise
Jul 16, 2024BernsteinOutperformMarket PerformDowngrade
May 17, 2024Goldman SachsBuyBuyHold
Apr 30, 2024HSBCBuyBuyHold
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Chevron's last stock rating was published by Scotiabank on Oct 10, 2024. The company gave CVX a "Outperform" rating, the same as its previous rate.

Chevron Financial Forecast


Chevron Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Revenue----------------$47.18B$51.92B$47.22B$48.84B$54.52B$63.51B$65.37B$52.31B$45.86B$42.55B$36.12B$31.08B$24.84B$24.00B
Avg Forecast$83.98B$80.78B$77.70B$74.74B$53.27B$52.77B$52.64B$52.48B$52.57B$48.60B$46.99B$46.65B$47.72B$48.86B$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$90.37B$86.93B$83.61B$80.42B$57.33B$56.78B$56.65B$56.47B$56.57B$52.29B$50.56B$49.18B$49.90B$49.78B$51.65B$48.42B$55.38B$64.39B$50.29B$52.30B$56.68B$60.26B$58.66B$47.95B$45.34B$39.97B$36.33B$32.54B$25.82B$25.84B
Low Forecast$76.58B$73.66B$70.85B$68.15B$48.58B$48.12B$48.00B$47.86B$47.94B$44.31B$42.85B$43.83B$44.98B$47.95B$49.67B$48.42B$47.59B$38.04B$42.61B$44.32B$48.03B$60.26B$58.66B$47.95B$45.34B$39.97B$36.33B$32.54B$25.82B$25.84B
# Analysts333333334446633368544343545453
Surprise %----------------0.93%0.99%1.01%1.00%1.04%1.05%1.11%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 $48.42B, and a high forecast of $48.42B. 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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts333333334446633368544343545453
EBITDA----------------$9.86B$8.86B$7.96B$9.64B$14.73B$19.14B$19.83B$12.89B$11.93B$12.53B$9.12B$6.64B$3.72B$4.14B
Avg Forecast$18.04B$17.35B$16.69B$16.06B$11.45B$11.34B$11.31B$11.28B$11.29B$10.44B$10.10B$10.02B$10.25B$10.50B$10.88B$15.25B$10.94B$11.28B$10.04B$13.86B$15.47B$14.05B$13.67B$12.60B$10.57B$9.32B$8.47B$6.64B$6.02B$6.02B
High Forecast$19.42B$18.68B$17.96B$17.28B$12.32B$12.20B$12.17B$12.13B$12.15B$11.24B$10.86B$10.57B$10.72B$10.70B$11.10B$18.30B$11.90B$13.83B$10.80B$16.64B$18.57B$14.05B$13.67B$15.13B$10.57B$9.32B$8.47B$7.97B$6.02B$6.02B
Low Forecast$16.45B$15.83B$15.22B$14.64B$10.44B$10.34B$10.31B$10.28B$10.30B$9.52B$9.21B$9.42B$9.66B$10.30B$10.67B$12.20B$10.23B$8.17B$9.16B$11.09B$12.38B$14.05B$13.67B$10.08B$10.57B$9.32B$8.47B$5.31B$6.02B$6.02B
Surprise %----------------0.90%0.78%0.79%0.70%0.95%1.36%1.45%1.02%1.13%1.34%1.08%1.00%0.62%0.69%

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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts333333334446633368544343545453
Net Income----------------$2.24B$6.53B$6.01B$6.57B$6.35B$11.23B$11.62B$6.26B$5.08B$6.11B$3.08B$1.38B$-665.00M$-207.00M
Avg Forecast$7.65B$7.68B$7.72B$7.32B$6.53B$6.49B$6.26B$5.86B$5.44B$5.20B$5.06B$4.63B$4.43B$4.38B$5.30B$7.36B$5.77B$6.69B$5.27B$6.70B$6.56B$8.96B$9.33B$6.09B$5.73B$4.04B$2.91B$1.38B$168.29M$-470.37M
High Forecast$8.41B$8.44B$8.49B$8.05B$7.18B$7.13B$6.88B$6.44B$5.98B$5.72B$5.57B$6.28B$6.10B$4.81B$5.30B$8.84B$6.16B$7.51B$5.79B$8.03B$7.87B$8.96B$9.33B$7.30B$5.73B$4.04B$2.91B$1.65B$168.29M$-470.37M
Low Forecast$6.78B$6.80B$6.84B$6.49B$5.78B$5.75B$5.54B$5.19B$4.82B$4.61B$4.48B$3.77B$3.52B$3.88B$5.29B$5.89B$5.35B$5.18B$4.66B$5.36B$5.25B$8.96B$9.33B$4.87B$5.73B$4.04B$2.91B$1.10B$168.29M$-470.37M
Surprise %----------------0.39%0.98%1.14%0.98%0.97%1.25%1.25%1.03%0.89%1.51%1.06%1.00%-3.95%0.44%

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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts333333334446633368544343545453
SG&A----------------$254.00M$1.16B-$881.00M$1.45B$1.03B$863.00M$967.00M$1.27B$657.00M$1.10B$990.00M$1.13B$832.00M
Avg Forecast$2.34B$2.25B$2.17B$2.08B$1.48B$1.47B$1.47B$1.46B$1.46B$1.35B$1.31B$1.30B$1.33B$1.36B$1.41B$1.14B$1.42B$1.46B$1.30B$1.03B$1.65B$1.48B$1.44B$940.39M$1.11B$982.20M$892.60M$990.00M$634.34M$634.85M
High Forecast$2.52B$2.42B$2.33B$2.24B$1.60B$1.58B$1.58B$1.57B$1.58B$1.46B$1.41B$1.37B$1.39B$1.39B$1.44B$1.37B$1.54B$1.79B$1.40B$1.24B$1.98B$1.48B$1.44B$1.13B$1.11B$982.20M$892.60M$1.19B$634.34M$634.85M
Low Forecast$2.13B$2.05B$1.97B$1.90B$1.35B$1.34B$1.34B$1.33B$1.34B$1.23B$1.19B$1.22B$1.25B$1.34B$1.38B$910.29M$1.33B$1.06B$1.19B$827.54M$1.32B$1.48B$1.44B$752.31M$1.11B$982.20M$892.60M$792.00M$634.34M$634.85M
Surprise %----------------0.18%0.79%-0.85%0.88%0.69%0.60%1.03%1.14%0.67%1.23%1.00%1.78%1.31%

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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts333333334446633368544343545453
EPS----------------$1.20$3.48$3.22$3.49$3.34$5.81$5.98$3.23$2.65$3.19$1.61$0.72$-0.33$-0.12
Avg Forecast$4.24$4.25$4.27$4.05$3.61$3.59$3.46$3.24$3.01$2.88$2.80$2.56$2.45$2.42$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$4.65$4.67$4.70$4.45$3.97$3.95$3.81$3.56$3.31$3.16$3.08$3.48$3.38$2.66$2.93$2.92$3.41$4.16$3.20$3.74$4.76$4.89$5.09$3.40$3.13$2.20$1.59$0.89$0.09$-0.26
Low Forecast$3.75$3.77$3.78$3.59$3.20$3.18$3.07$2.87$2.66$2.55$2.48$2.09$1.95$2.15$2.93$2.92$2.96$2.87$2.58$3.01$3.83$4.89$5.09$3.40$3.13$2.20$1.59$0.89$0.09$-0.26
Surprise %----------------0.38%0.94%1.10%1.03%0.77%1.19%1.17%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 $2.92 and a high estimate of $2.92. This represents a 143.35% increase compared to CVX previous annual EPS of $1.20 (Dec 23).

Chevron Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
EQNREquinor ASA$23.69$82.50248.25%Hold
CVECenovus Energy$15.84$31.0095.71%Buy
BPBP p.l.c.$29.05$43.1848.64%Buy
ECEcopetrol$7.73$11.3546.83%Buy
TTETotalEnergies SE$60.47$78.5029.82%Hold
SHELShell$65.79$84.0027.68%Buy
PBRPetróleo Brasileiro S.A. - Petrobras$13.99$16.3016.51%Buy
CVXChevron$161.80$173.197.04%Buy
SUSuncor Energy$40.44$41.282.08%Buy
XOMExxon Mobil$120.56$119.94-0.51%Buy
YPFYPF Sociedad Anónima$32.26$22.62-29.88%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 $173.19 with a range of $120 to $212, implying a 7.04% from its last price of $161.8. 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 7.04% (from the last price of $161.8 to the average price target of $173.19), up by 31.03% based on the highest stock price target, and down by -25.83% 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 is Chevron's current price target trend?

3 Wall Street analysts forecast a $157.67 price target for Chevron (CVX) this month, down -2.55% from its last price of $161.8. Compared to the last 3 and 12 months, the average price target decreased by -0.62% and increased by 10.27%, respectively.

What are Chevron's analysts' financial forecasts?

Chevron's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $211.16B (high $227.23B, low $192.55B), average EBITDA is $45.37B (high $48.82B, low $41.37B), average net income is $25.14B (high $27.63B, low $22.26B), average SG&A $5.88B (high $6.33B, low $5.37B), and average EPS is $13.91 (high $15.29, low $12.32). CVX's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $317.19B (high $341.33B, low $289.25B), average EBITDA is $68.15B (high $73.34B, low $62.14B), average net income is $30.38B (high $33.39B, low $26.9B), average SG&A $8.84B (high $9.51B, low $8.06B), and average EPS is $16.81 (high $18.48, low $14.89).

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, beating the average prediction of $46.13B by 2.71%. The company's net income was $21.41B, missing the average estimation of $24.42B by -12.34%. Apple's SG&A was $914M, missing the average forecast of $5.22B by -82.49%. 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 $10.94B by -9.85%. Chevron's net income was $2.24B, missing the average estimation of $5.77B by -61.14%. The company's SG&A was $254M, missing the average forecast of $1.42B by -82.10%. Lastly, the company's EPS was $1.2, missing the average prediction of $3.19 by -62.43%