Chevron (NYSE:CVX) Trading 2.5% Higher on Strong Earnings

Chevron Corporation (NYSE:CVX) was up 2.5% on Friday following a better than expected earnings announcement. The stock traded as high as $197.55 and last traded at $197.1050. Approximately 9,880,985 shares changed hands during trading, a decline of 11% from the average daily volume of 11,104,086 shares. The stock had previously closed at $192.31.

The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.55 by $0.51. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The firm had revenue of $67.20 billion during the quarter, compared to analyst estimates of $62.72 billion. During the same quarter last year, the business earned $1.77 EPS. The business’s revenue was up 57.4% on a year-over-year basis.

More Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Record earnings beat estimates. Chevron reported adjusted earnings of $12.0 billion, or $6.06 per diluted share, versus analysts’ estimate of $5.55. Reported earnings reached $12.1 billion, the company’s highest quarterly profit in at least six years. Revenue rose 57.4% year over year to $67.2 billion, above the $62.72 billion consensus. Chevron records highest quarterly profit in six years, tops estimates
• Positive Sentiment: Higher production and strong refining supported results. Worldwide oil-equivalent production increased 20% to 4.07 million barrels per day, helped by the Hess assets and growth in the Permian Basin and Gulf of America. U.S. production and refinery throughput both reached records, while refinery utilization was 97%. CVX Q2 Earnings Beat on Higher Output & Strong Refining Margins
• Positive Sentiment: Cash generation and shareholder returns remained solid. Operating cash flow was $22.6 billion, and Chevron declared a quarterly dividend of $1.78 per share. Management is directing much of the windfall toward debt reduction, strengthening the balance sheet. Chevron Reports Second Quarter 2026 Results
• Neutral Sentiment: Benefits are partly tied to geopolitics. The Iran conflict has lifted crude, gasoline and diesel prices, creating a windfall for Chevron, but management warned that supply risks are escalating and some output in the Saudi Arabia-Kuwait Partitioned Zone has been reduced.
• Negative Sentiment: Political and valuation risks remain. Elevated gasoline prices are increasing scrutiny from the White House and Congress, including possible price interventions or windfall taxes. Some analysts also suggested that much of the earnings improvement was already reflected in the stock price, potentially limiting further upside. Chevron and Exxon earnings soar as Trump threatens price interventions

Analysts Set New Price Targets

Several brokerages have issued reports on CVX. Royal Bank Of Canada reissued an “outperform” rating and issued a $220.00 price objective on shares of Chevron in a research note on Tuesday, May 5th. Barclays increased their price target on Chevron from $192.00 to $213.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Jefferies Financial Group reissued a “buy” rating and set a $216.00 price target on shares of Chevron in a research note on Friday, July 10th. Weiss Ratings cut Chevron from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Finally, Zacks Research downgraded Chevron from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Eighteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $207.17.

Insider Buying and Selling at Chevron

In other news, Director John B. Hess sold 380,000 shares of Chevron stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total transaction of $73,416,000.00. Following the completion of the sale, the director owned 278,045 shares of the company’s stock, valued at approximately $53,718,294. The trade was a 57.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Midwest Capital Advisors LLC purchased a new stake in shares of Chevron in the 1st quarter worth $25,000. Core Wealth Advisors LLC purchased a new position in shares of Chevron during the fourth quarter valued at $26,000. Phillip James Consulting Co. purchased a new position in shares of Chevron during the fourth quarter valued at $26,000. Basso Capital Management L.P. bought a new stake in shares of Chevron in the fourth quarter valued at about $27,000. Finally, Karpus Management Inc. bought a new stake in shares of Chevron in the fourth quarter valued at about $27,000. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

Chevron Trading Up 2.5%

The stock’s 50 day moving average is $181.83 and its two-hundred day moving average is $184.88. The company has a market capitalization of $392.55 billion, a PE ratio of 34.16, a price-to-earnings-growth ratio of 0.59 and a beta of 0.50. The company has a quick ratio of 0.84, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

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.