Quote Overview

Stock Activity

Open	161.88
Day Low	161.45
Day High	163.68
52 Wk Low	139.62
52 Wk High	171.70
Avg. Volume	7,004,259
Market Cap	302.46 B
Dividend	6.52 ( 4.00%)
Beta	1.12

Key Earnings Data

Earnings ESP	0.00%
Most Accurate Est	2.84
Current Qtr Est	2.84
Current Yr Est	13.58
Exp Earnings Date	^*BMO4/26/24
Prior Year EPS	13.13
Exp EPS Growth (3-5yr) 5.00%
Forward PE	11.99
PEG Ratio	2.40

Oils-Energy » Oil and Gas - Integrated - International

*BMO = Before Market Open *AMC = After Market Close

Research Reports for CVX

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Style Scores B Value C Growth A Momentum A VGM
Zacks Rank	Hold 3
Zacks Industry Rank	Top 33%(82 out of 252)
Zacks Sector Rank	Top 44% (7 out of 16)
Earnings ESP	0.00%
Research Reports for CVX Analyst \| Snapshot

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Top Peers	Symbol	Zacks Rank
Chevron	CVX
Vista Oil & Gas	VIST
YPF Sociedad Anonima	YPF
BP	BP
Braskem	BAK
Eni	E
Exxon Mobil	XOM

See all Oil and Gas - Integrated - International Peers

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Company Summary

Chevron is one of the largest publicly traded oil and gas companies in the world with operations that span almost every corner of the globe. The only energy component of the Dow Jones Industrial Average, San Ramon, CA-based Chevron is fully integrated, meaning it participates in every aspect related to energy – from oil production, to refining and marketing. The company generates more than $200 billion in annual revenues and produces over three million barrels per day of oil equivalent. Chevron currently churns out oil and natural gas at a 59/41 ratio. As of the end of 2023, the company had proved reserves of approximately 14.5 billion barrels of oil-equivalent.

The energy sector's revival from the pandemic-induced lows have significantly buoyed Chevron’s stock price and it is currently the 25-largest company in the S&P 500 Index. With its relatively low-risk energy business structure, robust financial health, and ample free cash flows, Chevron remains well positioned to navigate the volatility in oil and gas prices.

Being an integrated firm engaged in all aspects of the oil and gas business, Chevron often finds itself in the crossfire of political debates over climate change policy. Notwithstanding these distractions, Chevron has improved its cash from operations, allowing management to raise the dividend regularly. One of only two energy stocks on the list of Dividend Aristocrats, the supermajor’s balance sheet is reasonably healthy indicating that the dividend should remain safe going forward.

Chevron has a market cap of around $285 billion and divides its operations into two main segments: Upstream (exploration & production) and Downstream (refining). In 2023, the Upstream unit reported a profit of $17.4 billion, while the Downstream segment generated earnings of $6.1 billion. Chevron’s other activities include transportation (pipelines, shipping) and chemicals (handled by Chevron Phillips Chemicals Company, a 50/50 joint venture with partner Phillips 66). Chevron’s current oil and gas development project pipeline is among the best in the industry, which is projected to grow its output by around 4-7% year over year in 2024. This production growth will primarily come from Chevron’s showpiece Permian Basin assets, where it has substantial holdings of 2.2 million net acres.