Erste Group Bank Increases Earnings Estimates for Chevron

Chevron Corporation (NYSE:CVX) – Equities researchers at Erste Group Bank raised their FY2026 earnings per share (EPS) estimates for Chevron in a research note issued to investors on Friday, September 18th. Erste Group Bank analyst H. Engel now forecasts that the oil and gas company will earn $16.09 per share for the year, up from their previous forecast of $15.94. The consensus estimate for Chevron’s current full-year earnings is $16.52 per share. Erste Group Bank also issued estimates for Chevron’s FY2027 earnings at $13.52 EPS.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 EPS for the quarter, beating analysts’ consensus estimates of $5.55 by $0.51. Chevron had a return on equity of 11.09% and a net margin of 9.57%.The business had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. During the same quarter in the prior year, the business posted $1.77 EPS. The business’s revenue for the quarter was up 57.4% on a year-over-year basis.

Other analysts have also recently issued research reports about the company. BMO Capital Markets lifted their target price on Chevron from $210.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. Wells Fargo & Company upped their target price on Chevron from $226.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Wolfe Research upgraded Chevron from a “peer perform” rating to an “outperform” rating and set a $210.00 price target on the stock in a research note on Thursday, July 2nd. Dbs Bank raised Chevron to a “moderate buy” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded Chevron from a “hold (c)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Twenty analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chevron currently has an average rating of “Moderate Buy” and a consensus price target of $211.35.

Chevron Stock Performance

NYSE CVX opened at $205.21 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. Chevron has a 1 year low of $146.49 and a 1 year high of $217.78. The company has a market capitalization of $405.45 billion, a PE ratio of 19.68, a P/E/G ratio of 0.59 and a beta of 0.50. The company has a fifty day moving average of $200.72 and a two-hundred day moving average of $192.08.

Chevron Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were paid a dividend of $1.78 per share. The ex-dividend date was Wednesday, August 19th. This represents a $7.12 annualized dividend and a dividend yield of 3.5%. Chevron’s dividend payout ratio is 68.26%.

Insider Buying and Selling at Chevron

In related news, insider R. Pate sold 2,470 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total value of $506,621.70. Following the transaction, the insider owned 10,794 shares in the company, valued at $2,213,957.34. The trade was a 18.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Michael Wirth sold 317,100 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $200.46, for a total value of $63,565,866.00. Following the sale, the chief executive officer directly owned 26,308 shares of the company’s stock, valued at approximately $5,273,701.68. This represents a 92.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,152,582 shares of company stock worth $225,853,661 over the last three months. 0.56% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Chevron

Several large investors have recently modified their holdings of the stock. Midwest Capital Advisors LLC acquired a new stake in shares of Chevron in the 1st quarter worth $25,000. Core Wealth Advisors LLC acquired a new stake in Chevron in the fourth quarter valued at about $26,000. Phillip James Consulting Co. acquired a new stake in Chevron in the fourth quarter valued at about $26,000. Basso Capital Management L.P. purchased a new stake in Chevron in the 4th quarter valued at approximately $27,000. Finally, Main Street Group LTD purchased a new stake in Chevron in the 1st quarter valued at approximately $28,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Key Stories Impacting Chevron

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher exploration spending signals production growth. Chevron reportedly plans to increase exploration spending by about 50% next year and drill more wells. The investment could support longer-term production, reserves and cash flow, although it may pressure near-term free cash flow and returns. Chevron exploration spending article
• Positive Sentiment: Elevated oil prices could sustain upstream earnings. CFO Eimear Bonner indicated that relief from high oil prices is unlikely soon, suggesting a favorable revenue and cash-flow environment for Chevron’s production business. She also emphasized planning for market volatility, reinforcing the company’s focus on financial resilience and capital allocation. Chevron CFO oil prices article
• Positive Sentiment: Greek exploration plans add a potential growth option. Greece’s energy ministry said Chevron expects to begin seismic research in offshore blocks by year-end. The work is an early-stage step, but it could expand Chevron’s resource portfolio if commercially viable deposits are identified. Chevron Greece seismic research article
• Positive Sentiment: Analyst estimates and industry conditions remain supportive. Erste Group raised its FY2026 and FY2027 EPS forecasts modestly, while Zacks highlighted solid oil prices, Chevron’s integrated model and midstream operations as industry tailwinds. Chevron has also received favorable attention from analysts amid uncertainty over the direction of oil prices. Integrated energy stocks article
• Neutral Sentiment: Investor attention is elevated but does not provide a fundamental catalyst. Chevron appeared among trending stocks, and its CFO’s interviews focused on navigating volatility, sustainability and capital allocation. These comments may improve investor awareness but contain limited new information about near-term earnings. Chevron trending stock article
• Negative Sentiment: Proposed diesel export restrictions create policy risk. H.R. 10422 would temporarily ban U.S. diesel exports if domestic prices remained above $5 per gallon for 14 days. The bill has limited current legislative traction, but restrictions could disrupt Chevron’s refined-products trading, distribution and refining margins if enacted. Diesel Price Reduction Act article

About Chevron

Chevron Corporation is an integrated energy company engaged in the exploration, production, transportation and sale of crude oil and natural gas. The company also manufactures and markets transportation fuels, lubricants, petrochemicals and additives through operations and brands that include Chevron, Texaco and Caltex.

Chevron’s upstream activities include oil and natural gas exploration and production, while its downstream business includes refining, fuel marketing, transportation and related energy services.