Are Wall Street Analysts Bullish on Chevron Stock?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 31 2025
0mins
Should l Buy CVX?
Source: NASDAQ.COM
Chevron's Performance: Chevron Corporation has underperformed the market over the past year, with a 4.1% stock gain compared to the S&P 500's 23.3%, but it has outpaced the index in 2025 with a 7.9% increase. The company reported impressive Q3 results, exceeding revenue expectations and boosting investor confidence despite challenges from oil price slumps.
Analyst Outlook: Analysts maintain a strong bullish outlook on Chevron, with a consensus rating of "Strong Buy" among 22 analysts, reflecting an increase in positive ratings since three months ago. The mean price target suggests a potential upside of 13.5% from current levels, with some targets indicating up to a 26% increase.
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Analyst Views on CVX
Wall Street analysts forecast CVX stock price to fall
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 185.820
Low
158.00
Averages
176.95
High
206.00
Current: 185.820
Low
158.00
Averages
176.95
High
206.00
About CVX
Chevron Corporation is an integrated energy company. The Company produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance its business and industry. The Company’s segments include Upstream and Downstream. Upstream operations consist primarily of exploring for, developing, producing and transporting crude oil and natural gas; liquefaction, transportation and regasification associated with LNG; transporting crude oil by major international oil export pipelines; processing, transporting, storage and marketing of natural gas; carbon capture and storage; and a gas-to-liquids plant. Downstream operations consist primarily of the refining of crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels, and transporting of crude oil and refined products by pipeline, marine vessel, motor equipment and rail car.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Brand Continuity: Following the acquisition, Bangchak will continue to operate service stations under the Caltex brand through a licensing agreement with Chevron, ensuring brand continuity and laying the groundwork for future market expansion.
- Business Development Potential: This investment will enable Bangchak to further develop its overseas fuel retail business, expand into a fully integrated marine fuels business, enhance its customer base, and strengthen energy logistics capabilities, thereby creating new long-term growth opportunities.
- Strategic Implications: Through this acquisition, Bangchak not only strengthens its position in the energy market but also leverages Chevron's resources and network to drive sustainable global business growth.
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- Expansion of Oil Production Licenses: Venezuela plans to grant more exploration and production blocks to Chevron and Repsol as early as this week, aiming to rebuild its energy sector and indicating a willingness to engage foreign investment.
- Chevron's Production Potential: Chevron's joint venture has been operational since 2010, currently producing around 40,000 barrels per day, with claims of potential output reaching 300,000 barrels per day, which would significantly enhance its competitiveness in the global market.
- U.S. Energy Cooperation: The U.S. Secretary of Energy toured Chevron's project in Venezuela's Orinoco oil belt, highlighting opportunities for cooperation between the two countries, reflecting the U.S. government's support for private companies in Venezuela's energy reconstruction.
- Repsol's Market Challenges: While Repsol holds interests in various blocks, it lost its authorization to produce crude last year, facing greater market challenges that illustrate the impact of U.S. sanctions on foreign enterprises.
See More
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- Market Performance in 2026: In 2026, this patience is rewarded as companies like Caterpillar, Exxon Mobil, and Clorox achieve returns exceeding 25%.
See More
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- 52-Week Trading Range: The SSO ETF's 52-week low is $30.42 per share, with a high of $60.37, and the last trade at $59.35 indicates the ETF is fluctuating near its high, potentially attracting investor interest in its price movements.
- Technical Analysis Tool: Comparing the current share price to the 200-day moving average can provide valuable insights for investors, helping to assess market trends and potential buying opportunities.
- ETF Unit Trading Mechanism: ETFs trade similarly to stocks, where investors are buying and selling 'units' that can be created or destroyed based on investor demand, impacting the ETF's liquidity and market performance.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding helps identify ETFs experiencing notable inflows (new units created) or outflows (old units destroyed), assessing their impact on underlying assets and market sentiment.
See More
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- Earnings Volatility Analysis: Chevron's upstream profits plummeted from $18.6 billion in 2024 to $12.82 billion in 2025 primarily due to falling oil prices, yet downstream profits surged by 75%, demonstrating the company's ability to maintain profitability across varying market conditions.
- Cash Flow and Capital Expenditures: The company generated an additional $2.4 billion in cash flow from operations, supporting larger capital expenditures, stock buybacks, and its growing dividend, indicating a strong financial position that allows for continued investment even in adverse conditions.
- Acquisition and Market Expansion: Chevron's acquisition of Hess enhances its production capabilities in Guyana, forming a consortium with ExxonMobil and CNOOC, which further solidifies its market position in South America and is expected to drive future growth.
- Dividend Growth and Investment Appeal: Management announced a 4% increase in dividends on January 30, marking the 38th consecutive year of dividend growth, showcasing the company's ability to provide stable returns in a volatile oil price environment, thus attracting investors seeking reliable income.
See More
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- Earnings Decline: Chevron's upstream profits fell from $18.6 billion in 2024 to $12.82 billion in 2025 primarily due to lower oil prices, although downstream profits surged by 75%, demonstrating the company's resilience in diversified operations.
- Cash Flow Growth: The company generated an additional $2.4 billion in cash flow from operations, supporting larger capital expenditures, stock buybacks, and its growing dividend, indicating financial health even in a low oil price environment.
- Acquisition Advantage: Chevron's acquisition of Hess enhances its production capabilities in Guyana, collaborating with ExxonMobil and CNOOC to leverage geological advantages for more efficient hydrocarbon extraction, further solidifying its market position.
- Dividend Stability: Management announced a 4% increase in dividends on January 30, marking the 38th consecutive year of dividend growth, showcasing the company's ability to provide reliable returns to investors despite multiple oil price crashes.
See More
