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Chevron (CVX): analyst forecast and price target

$225 +2.59% close 16.10.26 · market cap $433B · Energy · Oil & Gas Integrated SPY 0.66%
Price targets and ratings of

Analyst consensus

Strong Buy

12 Buy3 Hold0 Sell

Ratings of 15 analysts in the last 3 months

12-month forecast

$230+2.2% upside

Based on 15 price targets given in the last 3 months, the average target is $230, the highest $250, the lowest $208. The average is +2.2% from the last price of $225.

$150$200$250Jan 26AprJulOctJan 27AprJulOctHigh$250Average$230Low$208
Highest target $250 Average target $230 Lowest target $208
AnalystFirmPrice target RatingUpsideAction Date Move vs SPY
Devin McDermott★★★★★★★★★★#719 · hits 59% · avg +9.9% Morgan Stanley $226 → $218−3.5% Buy −3.1% Assigned 15.10.26on TipRanks 08:31 −1.5%next day +3.7%
Sam Margolin★★★★★★★★★★#313 · hits 72% · avg +15.5% Wells Fargo $230 Buy +2.2% Reiterated 14.10.26on TipRanks 07:00 +3.1%next day −1.5%
Betty Jiang★★★★★★★★★★#3670 · hits 49% · avg +3.3% Barclays $208 Hold −7.6% Reiterated 13.10.26on TipRanks Oct 14 05:00 +1.3%next day +3.1%
Biraj Borkhataria★★★★★★★★★★#2330 · hits 59% · avg +4.6% RBC Capital $230 Buy +2.2% Assigned 13.10.26on TipRanks 07:09 +1.3%next day +3.1%
Arun Jayaram★★★★★★★★★★#1023 · hits 59% · avg +8.0% J.P. Morgan $222 → $241+8.6% Buy +7.1% Reiterated 12.10.26on TipRanks Oct 13 08:14 +1.5%next day +1.3%
Nitin Kumar CFA★★★★★★★★★★#878 · hits 60% · avg +8.3% Mizuho Securities $224 → $234+4.5% Buy +4.0% Reiterated 12.10.26on TipRanks 08:20 +1.5%next day +1.3%
Jason Gabelman★★★★★★★★★★#503 · hits 65% · avg +15.3% TD Cowen $215 → $225+4.7% Hold 0.0% Reiterated 12.10.26on TipRanks 08:10 +1.5%next day +1.3%
John Royall★★★★★★★★★★#1677 · hits 57% · avg +10.3% Piper Sandler $243 Buy +8.0% Reiterated 08.10.26on TipRanks 07:07 +3.5%next day −0.4% · 5 days +3.9%
Manav Gupta★★★★★★★★★★#185 · hits 69% · avg +22.7% UBS $220 → $235+6.8% Buy +4.4% Reiterated 07.10.26on TipRanks Oct 8 06:15 −0.9%next day +3.5% · 5 days +9.2%
Kim Fustier★★★★★★★★★★#3718 · hits 67% · avg +5.7% HSBC $218 → $250+14.7% Buy +11.1% Reiterated 25.09.26on TipRanks 05:45 −1.1%next day +1.7% · 5 days +1.3%
Neil Mehta★★★★★★★★★★#490 · hits 63% · avg +11.2% Goldman Sachs $225 → $240+6.7% Buy +6.7% Reiterated 16.09.26on TipRanks 08:30 −2.4%next day −1.1% · 5 days −4.9%
Jean Ann Salisbury★★★★★★★★★★#2367 · hits 69% · avg +5.5% Bank of America Securities — Buy — Reiterated 03.09.26on TipRanks 11:55 −1.3%next day −0.9% · 5 days +2.4%
Phillip Jungwirth★★★★★★★★★★#1299 · hits 52% · avg +8.6% BMO Capital $205 → $235+14.6% Buy +4.4% Reiterated 03.09.26on TipRanks 07:10 −1.3%next day −0.9% · 5 days +2.4%
Bob Brackett★★★★★★★★★★#584 · hits 63% · avg +17.6% Bernstein $209 Hold −7.1% Reiterated 31.08.26on TipRanks 07:05 +2.4%next day +3.1% · 5 days +1.9%
Pei Hwa Ho★★★★★★★★★★#741 · hits 63% · avg +19.4% DBS $222 Buy −1.3% Reiterated 03.08.26on TipRanks Aug 4 09:16 −3.3%next day −3.2% · 5 days −1.1%
Lloyd Byrne★★★★★★★★★★#307 · hits 58% · avg +18.7% Jefferies $236 → $216−8.5% Buy −4.0% Assigned 10.07.26on TipRanks 09:35 +0.9%next day +4.1% · 5 days +7.8%
Doug Leggate★★★★★★★★★★#810 · hits 57% · avg +10.1% Wolfe Research $210 Buy −6.7% Upgrade 01.07.26on TipRanks Jul 2 06:20 +0.1%next day +2.2% · 5 days +4.2%
Unknown Analyst Erste Group — Hold — Reiterated 24.06.26on TipRanks Jun 28 10:45 −2.5%next day +0.3% · 5 days −5.1%
Betty Zhang★★★★★★★★★★#2397 · hits 72% · avg +18.6% Scotiabank $187 Hold −16.9% Reiterated 04.05.26on TipRanks 10:15 +1.2%next day −0.6% · 5 days −6.9%
Stephen Richardson★★★★★★★★★★#646 · hits 63% · avg +12.1% Evercore ISI $225 Buy 0.0% Reiterated 04.05.26on TipRanks 09:35 +1.2%next day −0.6% · 5 days −6.9%
Lucas Herrmann★★★★★★★★★★#10596 · hits 47% · avg −4.0% Exane BNP Paribas — Buy — Upgrade 17.04.26on TipRanks 05:15 −3.4%next day −0.2% · 5 days +0.1%
Jeoffrey Lambujon★★★★★★★★★★#1264 · hits 68% · avg +38.2% Tudor Pickering $180 → $225+25.0% Buy 0.0% Upgrade 09.04.26on TipRanks 08:26 −1.9%next day −0.9% · 5 days −4.4%
Alastair Syme★★★★★★★★★★#764 · hits 69% · avg +18.7% Citi $210 → $235+11.9% Buy +4.4% Assigned 02.04.26on TipRanks 06:40 +0.7%next day −0.5% · 5 days −8.8%
James West★★★★★★★★★★#11334 · hits 38% · avg −2.3% Melius Research $205 Buy −8.9% Upgrade 17.02.26on TipRanks 06:45 −0.9%next day +1.3% · 5 days +2.0%
Bill Selesky★★★★★★★★★★#1503 · hits 60% · avg +7.8% Argus Research $183 → $203+10.9% Buy −9.8% Reiterated 02.02.26on TipRanks Feb 3 09:50 −2.1%next day +3.1% · 5 days +5.1%
Justin Jenkins★★★★★★★★★★#17 · hits 79% · avg +24.8% Raymond James $160 → $175+9.4% Buy −22.2% Reiterated 31.10.25on TipRanks 13:50 +2.4%next day −2.5% · 5 days −0.1%

The latest rating of each analyst in the last 12 months, as TipRanks lists them. Every rating kept, earlier ones included

Best analysts covering Chevron

TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.

Most accurate

3 months Phillip Jungwirth★★★★★★★★★★BMO Capital · #1299
Hits 52%216 of 414 Average return +8.6%
1 year Doug Leggate★★★★★★★★★★Wolfe Research · #810
Hits 57%262 of 458 Average return +10.1%
2 years Doug Leggate★★★★★★★★★★Wolfe Research · #810
Hits 57%262 of 458 Average return +10.1%

Most profitable

3 months Doug Leggate★★★★★★★★★★Wolfe Research · #810
Hits 57%262 of 458 Average return +10.1%
1 year Doug Leggate★★★★★★★★★★Wolfe Research · #810
Hits 57%262 of 458 Average return +10.1%
2 years Doug Leggate★★★★★★★★★★Wolfe Research · #810
Hits 57%262 of 458 Average return +10.1%

How the average price target moved

The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 01.10.26: target $225 at a price of $204 (+10.4%); now: $230 at $225 (+2.2%).

$210$220$230Sep 15Oct 1Oct 15Top analysts$230Average target$230Price$225

PriceAverage targetTop analysts’ target

Recommendation trend

02040602914Oct 253514Nov3916Dec4517Jan 263617Feb3716Mar3216Apr3314May3013Jun3213Jul2713Aug2813Sep2011Oct

Strong BuyBuyHoldSell

Rating05.2606.2607.2608.2609.2610.26
Strong Buy000000
Buy333032272820
Hold141313131311
Sell000000

Earnings and sales forecast

Next report: 30.10.26 (Q3 2026, date not confirmed)

Earnings per share

Next quarter’s EPS estimate — $4.88 (from $3.61 to $5.66). Last quarter: $6.06.

Sales

Next quarter’s sales estimate — $60.5B (from $53.8B to $66.1B). Last quarter: $66.9B.

Best top-analyst consensus in the sector · Energy

NESRNational Energy Services ReunitedStrong Buy
SEISolaris Energy Infrastructure
TRGPTarga Resources
VNOMViper Energy
WMBWilliams Co
About Chevron
  • CEO: Michael K. Wirth
  • Employees: 43,039
  • 1400 Smith Street, Houston, TX, 77002-7327, US
  • www.chevron.com

Chevron Corporation functions as a global energy and chemicals powerhouse, orchestrating its diverse operations worldwide. The company's business is organized into two primary divisions: Upstream and Downstream. The Upstream segment focuses on the full lifecycle of crude oil and natural gas, from their initial exploration and development to production and subsequent transportation. This also encompasses the processing, liquefaction, transit, and regasification of liquefied natural gas (LNG), as well as pipeline transport of crude oil and the movement, storage, and sale of natural gas. Additionally, this segment manages a facility dedicated to converting natural gas into liquid fuels. In contrast, the Downstream segment is tasked with refining crude oil into a variety of petroleum products. Its activities include the merchandising of crude oil, refined goods, and lubricants, in addition to the creation and distribution of renewable fuels. This division is also responsible for moving crude oil and refined products using a range of methods, including pipelines, ships, motor vehicles, and rail cars. Furthermore, it produces and markets bulk petrochemicals, industrial-grade plastics, and additives for both fuels and lubricants. Beyond these core ventures, Chevron is also involved in financial management, debt financing, insurance underwriting, real estate development, and various technology-driven enterprises. Founded in 1879, the company operated as ChevronTexaco Corporation until it officially became Chevron Corporation in 2005. Its corporate headquarters are situated in San Ramon, California.

Data from the stock’s TipRanks forecast page, read 3 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗