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NYSE: CVX
Chevron Corp Stock Forecast, Predictions & Price Target

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Analyst price target for CVX

Based on 17 analysts offering 12 month price targets for Chevron Corp.
Min Forecast
$150.00-13.56%
Avg Forecast
$183.12+5.52%
Max Forecast
$215.00+23.89%

Should I buy or sell CVX stock?

Based on 17 analysts offering ratings for Chevron Corp.
Buy
Strong Buy
6 analysts 35.29%
Buy
5 analysts 29.41%
Hold
5 analysts 29.41%
Sell
0 analysts 0%
Strong Sell
1 analysts 5.88%

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CVX stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Piper Sandler
Top 10%
91
Strong BuyMaintains$206.00+18.70%2022-11-11Find out why
Cowen & Co.
Top 35%
66
BuyMaintains$185.00+6.60%2022-10-31Find out why
Raymond James
Top 1%
100
BuyMaintains$215.00+23.89%2022-10-31
HSBC
Top 23%
78
HoldDowngrades$177.00+1.99%2022-10-24
Morgan Stanley
Top 1%
100
HoldMaintains$196.00+12.94%2022-10-19
Credit Suisse
Top 2%
99
BuyAssumes$202.00+16.40%2022-08-11
Bank of America
Top 5%
96
Strong BuyMaintains$180.00+3.72%2022-08-01Find out why
Wells Fargo
Top 3%
98
Strong BuyMaintains$185.00+6.60%2022-08-01
Truist Securities
Top 1%
100
HoldMaintains$166.00-4.34%2022-07-19Find out why
Citigroup
Top 26%
75
HoldMaintains$150.00-13.56%2022-07-13Find out why

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Forecast return on equity

Is CVX forecast to generate an efficient return?
Company
17.63%
Industry
39.89%
Market
50.96%
CVX's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is CVX forecast to generate an efficient return on assets?
Company
10.77%
Industry
14.24%
CVX is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

CVX earnings per share forecast

What is CVX's earnings per share in the next 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$19.18+8.67%
Avg 2 year Forecast
$17.09-3.17%
Avg 3 year Forecast
$14.47-18.02%
CVX's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

CVX revenue forecast

What is CVX's revenue in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$239.3B+0.59%
Avg 2 year Forecast
$224.5B-5.64%
Avg 3 year Forecast
$205.8B-13.49%
CVX's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

CVX earnings growth forecast

How is CVX forecast to perform vs Oil & Gas Integrated companies and vs the US market?
Company
-2.01%
Industry
23.71%
Market
20.2%
CVX's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
CVX's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
CVX's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

CVX revenue growth forecast

How is CVX forecast to perform vs Oil & Gas Integrated companies and vs the US market?
Company
-3.1%
Industry
8.55%
Market
6.42%
CVX's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
CVX's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

CVX vs Oil & Gas Integrated Stocks

TickerPricePrice TargetUp/downsideConsensus
CVX$173.54$183.12+5.52%Buy
XOM$104.42$107.50+2.95%Buy
SHEL$56.59$67.67+19.57%Strong Buy
TTE$59.76$61.00+2.07%Hold
EQNR$36.01$36.00-0.03%Buy

Chevron Stock Forecast FAQ

Is Chevron Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 17 Wall Street analysts covering (NYSE: CVX) stock is to Buy CVX stock.

Out of 17 analysts, 6 (35.29%) are recommending CVX as a Strong Buy, 5 (29.41%) are recommending CVX as a Buy, 5 (29.41%) are recommending CVX as a Hold, 0 (0%) are recommending CVX as a Sell, and 1 (5.88%) are recommending CVX as a Strong Sell.

If you're new to stock investing, here's how to buy Chevron stock.

What is CVX's earnings growth forecast for 2022-2024?

(NYSE: CVX) Chevron's forecast annual earnings growth rate of -2.01% is not forecast to beat the US Oil & Gas Integrated industry's average forecast earnings growth rate of 23.71%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 20.2%.

Chevron's earnings in 2022 is $34,167,000,000.On average, 8 Wall Street analysts forecast CVX's earnings for 2022 to be $37,087,187,312, with the lowest CVX earnings forecast at $35,752,976,716, and the highest CVX earnings forecast at $38,286,043,211. On average, 9 Wall Street analysts forecast CVX's earnings for 2023 to be $33,045,882,751, with the lowest CVX earnings forecast at $24,557,209,534, and the highest CVX earnings forecast at $41,747,256,208.

In 2024, CVX is forecast to generate $27,979,749,761 in earnings, with the lowest earnings forecast at $25,369,337,724 and the highest earnings forecast at $30,590,161,798.

What is CVX's revenue growth forecast for 2022-2024?

(NYSE: CVX) Chevron's forecast annual revenue growth rate of -3.1% is not forecast to beat the US Oil & Gas Integrated industry's average forecast revenue growth rate of 8.55%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 6.42%.

Chevron's revenue in 2022 is $237,908,000,000.On average, 6 Wall Street analysts forecast CVX's revenue for 2022 to be $462,748,256,164,570, with the lowest CVX revenue forecast at $438,778,938,492,065, and the highest CVX revenue forecast at $507,589,786,517,730. On average, 6 Wall Street analysts forecast CVX's revenue for 2023 to be $434,094,472,878,670, with the lowest CVX revenue forecast at $377,580,825,422,002, and the highest CVX revenue forecast at $581,913,051,310,332.

In 2024, CVX is forecast to generate $397,961,116,589,276 in revenue, with the lowest revenue forecast at $383,664,825,743,136 and the highest revenue forecast at $421,993,795,729,657.

What is CVX's forecast return on assets (ROA) for 2022-2024?

(NYSE: CVX) forecast ROA is 10.77%, which is lower than the forecast US Oil & Gas Integrated industry average of 14.24%.

What is CVX's Price Target?

According to 17 Wall Street analysts that have issued a 1 year CVX price target, the average CVX price target is $183.12, with the highest CVX stock price forecast at $215.00 and the lowest CVX stock price forecast at $150.00.

On average, Wall Street analysts predict that Chevron's share price could reach $183.12 by Nov 11, 2023. The average Chevron stock price prediction forecasts a potential upside of 5.52% from the current CVX share price of $173.54.

What is CVX's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: CVX) Chevron's current Earnings Per Share (EPS) is $17.65. On average, analysts forecast that CVX's EPS will be $19.18 for 2022, with the lowest EPS forecast at $18.49, and the highest EPS forecast at $19.80. On average, analysts forecast that CVX's EPS will be $17.09 for 2023, with the lowest EPS forecast at $12.70, and the highest EPS forecast at $21.59. In 2024, CVX's EPS is forecast to hit $14.47 (min: $13.12, max: $15.82).

What is CVX's forecast return on equity (ROE) for 2022-2024?

(NYSE: CVX) forecast ROE is 17.63%, which is considered weak.
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