Erste Group Bank Expects Increased Earnings for Chevron

Chevron Corporation (NYSE:CVX) – Research analysts at Erste Group Bank lifted their FY2026 earnings estimates for Chevron in a report issued on Thursday, August 27th. Erste Group Bank analyst H. Engel now expects that the oil and gas company will post earnings per share of $15.94 for the year, up from their prior forecast of $15.32. The consensus estimate for Chevron’s current full-year earnings is $16.24 per share. Erste Group Bank also issued estimates for Chevron’s FY2027 earnings at $13.40 EPS.

Chevron (NYSE:CVX) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported $6.06 earnings per share 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 company had revenue of $67.20 billion for the quarter, compared to the consensus estimate of $62.72 billion. During the same period in the previous year, the business earned $1.77 earnings per share. The company’s quarterly revenue was up 57.4% on a year-over-year basis.

A number of other analysts have also recently weighed in on CVX. Zacks Research cut Chevron from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. TD Cowen lifted their price objective on Chevron from $200.00 to $205.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. UBS Group restated a “buy” rating on shares of Chevron in a research note on Tuesday, June 23rd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $216.00 target price on shares of Chevron in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $220.00 target price on shares of Chevron in a research report on Tuesday, May 5th. Twenty analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $207.48.

Chevron Price Performance

Chevron stock opened at $206.25 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.98. The company has a market capitalization of $407.50 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 0.60 and a beta of 0.49. Chevron has a one year low of $146.49 and a one year high of $214.71. The business has a 50 day simple moving average of $188.07 and a 200 day simple moving average of $189.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Midwest Capital Advisors LLC bought a new stake in shares of Chevron during the first quarter valued at approximately $25,000. Core Wealth Advisors LLC bought a new position in Chevron in the 4th quarter worth approximately $26,000. Phillip James Consulting Co. acquired a new position in Chevron during the 4th quarter worth $26,000. Basso Capital Management L.P. acquired a new position in Chevron during the 4th quarter worth $27,000. Finally, Karpus Management Inc. bought a new position in Chevron in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 72.42% of the company’s stock.

Insiders Place Their Bets

In other news, insider R. Hewitt Pate sold 2,470 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $205.11, for a total transaction of $506,621.70. Following the sale, the insider owned 10,794 shares in the company, valued at approximately $2,213,957.34. This represents a 18.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew Benjamin Walz sold 16,800 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $201.06, for a total value of $3,377,808.00. Following the completion of the sale, the insider owned 14 shares of the company’s stock, valued at approximately $2,814.84. This trade represents a 99.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,152,582 shares of company stock worth $225,853,661. 0.56% of the stock is owned by company insiders.

Chevron Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be issued a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is currently 68.26%.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Higher oil prices boosted energy shares. Renewed U.S.-Iran military conflict and constrained shipping through the Strait of Hormuz pushed crude prices higher, improving the outlook for Chevron’s upstream earnings and cash flow. Chevron and Exxon Mobil Rise as U.S. Strikes on Iran Push WTI Crude Oil Higher
• Positive Sentiment: Potential Venezuela agreements could materially expand Chevron’s production base. Chevron is reportedly nearing agreements with Halliburton to invest in Venezuelan heavy-oil fields. A broader U.S.-backed arrangement could support billions of dollars in investment, with Chevron potentially becoming the only major U.S. oil company operating actively in Venezuela. Chevron and Halliburton Near Billion-Dollar Venezuela Oil Deals
• Positive Sentiment: Analyst earnings expectations improved. Erste Group Bank reportedly raised its fiscal 2026 EPS forecast, adding to investor confidence while Chevron benefits from stronger oil prices and possible new production assets. Chevron FY2026 EPS Forecast Increased by Erste Group Bank
• Neutral Sentiment: Chevron is selling interests in offshore Angola. Etu Energias agreed to acquire Chevron’s working interests in Blocks 14 and 14K. The transaction may streamline the portfolio and generate proceeds, but it also reduces Chevron’s exposure to those assets. Etu Energias to Acquire Chevron Stakes in Offshore Angola
• Negative Sentiment: Refining pressure and Venezuela execution risks remain concerns. Coverage notes that higher crude near $90 per barrel can pressure refining margins. Venezuela projects also face significant operational, infrastructure, political and regulatory hurdles, meaning the potential production upside may take time and require substantial capital. Chevron Jumps as $90 Oil Meets Refining Pressure

Chevron Company Profile

Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.