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Chevron (CVX) Ascends While Market Falls: Some Facts to Note
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In the latest close session, Chevron (CVX - Free Report) was up +2.88% at $233.21. The stock outpaced the S&P 500's daily loss of 0.52%. Elsewhere, the Dow saw a downswing of 1.24%, while the tech-heavy Nasdaq depreciated by 0.21%.
Prior to today's trading, shares of the oil company had gained 10.23% outpaced the Oils-Energy sector's gain of 5.63% and the S&P 500's loss of 1.21%.
The investment community will be closely monitoring the performance of Chevron in its forthcoming earnings report. The company is scheduled to release its earnings on October 30, 2026. The company's earnings per share (EPS) are projected to be $4.78, reflecting a 158.38% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $60.49 billion, indicating a 21.64% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $18.2 per share and revenue of $240.94 billion, which would represent changes of +149.66% and +27.46%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Chevron. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 10.15% higher. Chevron is currently a Zacks Rank #1 (Strong Buy).
With respect to valuation, Chevron is currently being traded at a Forward P/E ratio of 12.45. For comparison, its industry has an average Forward P/E of 7.69, which means Chevron is trading at a premium to the group.
It is also worth noting that CVX currently has a PEG ratio of 0.54. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.7 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 17, positioning it in the top 7% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Chevron (CVX) Ascends While Market Falls: Some Facts to Note
In the latest close session, Chevron (CVX - Free Report) was up +2.88% at $233.21. The stock outpaced the S&P 500's daily loss of 0.52%. Elsewhere, the Dow saw a downswing of 1.24%, while the tech-heavy Nasdaq depreciated by 0.21%.
Prior to today's trading, shares of the oil company had gained 10.23% outpaced the Oils-Energy sector's gain of 5.63% and the S&P 500's loss of 1.21%.
The investment community will be closely monitoring the performance of Chevron in its forthcoming earnings report. The company is scheduled to release its earnings on October 30, 2026. The company's earnings per share (EPS) are projected to be $4.78, reflecting a 158.38% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $60.49 billion, indicating a 21.64% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $18.2 per share and revenue of $240.94 billion, which would represent changes of +149.66% and +27.46%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Chevron. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 10.15% higher. Chevron is currently a Zacks Rank #1 (Strong Buy).
With respect to valuation, Chevron is currently being traded at a Forward P/E ratio of 12.45. For comparison, its industry has an average Forward P/E of 7.69, which means Chevron is trading at a premium to the group.
It is also worth noting that CVX currently has a PEG ratio of 0.54. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.7 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 17, positioning it in the top 7% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.