DailyIQ
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Sector:EnergyAll sectors
Last updated 4 minutes ago

CVX·Chevron Corporation

$.
+. (+.%)
Pre-Market
High
$187.00
Open
$183.98
Market Cap
365.77B
52W High
$214.71
Low
$183.93
P. Close
$183.80
P/E
33.22
52W Low
$146.49
Fwd P/E
34.69
DailyIQ Est.
$219.55
Technical Score (1D)
77
BUY
News Sentiment
61
BULLISH
BNP Paribas has trimmed its price target for Chevron from $230 to $224 while keeping an outperform rating, signalling a modest recalibration of valuation expectations amid recent market volatility. This adjustment comes after Chevron’s 1.24 % rally on a day when the broader market dipped, underscoring the company’s defensive resilience but tempering upside sentiment for the next trading week. In parallel, Chevron is set to sign new oil‑field investment agreements with Iraq, expanding its upstream footprint and potentially boosting earnings in the coming quarters. The Iraq accords could unlock substantial production capacity, but the finalization timeline and regulatory approvals remain key watch items. Chevron is also exploring an alternative shipping corridor to bypass the Strait of Hormuz, aiming to reduce geopolitical risk; progress on route approvals and infrastructure costs will be critical to assess. Meanwhile, TD Cowen has lowered its price target to $197, citing market volatility and tighter margins, which may influence short‑term sentiment. Jim Simons’ Renaissance Technologies has endorsed CVX as a top dividend stock, highlighting its stable cash flow and dividend growth potential tied to rising oil prices. Traders should monitor upcoming earnings releases, OPEC+ production decisions, and the status of the Iraq agreements and shipping‑corridor approvals to gauge Chevron’s near‑term trajectory.
Earnings Summary
Chevron Corporation is a global energy enterprise that operates across upstream and downstream segments, exploring, producing, transporting crude oil and natural gas, refining, and marketing petroleum products while also developing renewable fuels and petrochemicals. In Q4 2024 the company reported revenue of $52.226 billion and EPS of $2.06 versus a $2.108 estimate, slightly missing expectations, while in Q1 2025 revenue fell to $47.61 billion and EPS rose to $2.18 beating a $2.152 estimate, and the following quarters continued to beat analysts with EPS of $1.77 in Q2 2025, $1.85 in Q3 2025, and $1.52 in Q4 2025, all against estimates of $1.740, $1.707, and $1.473 respectively; however, Q1 2026 saw a revenue decline to $48.607 billion and an EPS of $1.41 versus a $4.451 estimate, marking a miss that signals a shift in earnings momentum. Historically, Chevron’s revenue has fluctuated from $52.226 billion in Q4 2024 to $48.607 billion in Q1 2026, while EPS has trended downward from $2.06 to $1.41, reflecting a pattern of strong earnings in 2024‑25 followed by a downturn in 2026. Recent developments include a chemical technology licensing deal that could create new revenue streams, a Hess contract for low‑emission workover rigs that may lower operating costs, and a $7 billion partnership with Microsoft to power an AI data center that will increase natural gas demand; these initiatives highlight Chevron’s strategic focus on innovation and ESG alignment, yet the 2026 earnings miss suggests cost pressures remain. Investors should watch the upcoming earnings release for guidance on the financial impact of the licensing and Hess contracts, capital‑expenditure plans, and the influence of commodity price movements and regulatory changes on the company’s netbacks and margin outlook.

EPS

EstBeatMiss
$0.84$2.08$3.32$4.56$5.80Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$5.23 - -
Q1'26$4.45$1.41-68.3%
Q4'25$1.47$1.52+3.2%
Q3'25$1.71$1.85+8.4%
Q2'25$1.74$1.77+1.7%
Q1'25$2.15$2.18+1.3%

Revenue

EstBeatMiss
$42.1B$48.0B$53.9B$59.8B$65.8BQ1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$63.0B - -
Q1'26$61.8B$48.6B-21.4%
Q4'25$47.6B$46.9B-1.5%
Q3'25 - $49.7B -
Q2'25 - $44.8B -
Q1'25 - $47.6B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

CVX Stock Snapshot

CVX is currently trading at $186.89, giving Chevron Corporation a market cap of 365.77B and a P/E ratio of 33.2. Today's range spans $183.93–$187.00, with shares opening at $183.98 and moving up $3.09 (1.7%) from the prior close. DailyIQ's technical score sits at 77/100 (BUY) with a news sentiment reading of 61/100.

Over the past year CVX has traded between $146.49 and $214.71 - the current price is +27.6% off the 52-week low and -13.0% from the high. 31 analysts cover the stock with a Buy consensus and a mean 12-month target of $213.91 (range $170.00–$235.00), implying upside of +14.5%.

The breakout geometry on CVX is constructive - price at $186.89 (in the middle of its 52-week range in $146.49–$214.71), scoring 77/100 (BUY) with bullish sentiment (61/100). (P/E: 33.2) At 365.77B in Energy market cap, technical breakouts through prior resistance at this capitalization tier tend to be better validated than in smaller-cap peers - institutional participation means that cleared levels attract follow-through buying rather than immediate fade behavior.

The combination of a BUY signal (77/100) and bullish news sentiment (61/100) puts CVX on the screens of active managers who run quality-momentum overlays — a cohort that can build meaningful positions at 365.77B in Energy market cap without immediately moving the stock. At $186.89 (in the middle of its 52-week range in the $146.49–$214.71 range), the entry discipline is clean and the potential re-rating if sentiment continues to improve is meaningful.