Chevron (NYSE:CVX) Sets New 12-Month High – Here’s Why

Chevron Corporation (NYSE:CVX)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $169.64 and last traded at $169.7950, with a volume of 44215 shares changing hands. The stock had previously closed at $169.05.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Q4 EPS beat and dividend increase — Chevron reported adjusted Q4 EPS of $1.52 vs. consensus ~$1.44 and raised the quarterly dividend to $1.78, reinforcing income appeal and signaling free?cash?flow strength. Read More.
• Positive Sentiment: Record production and growth outlook — Management reported record 2025 production (helped by Permian, Tengiz and assets from the Hess deal) and guided to mid?single digit production growth for 2026, supporting earnings resilience as oil prices recover. Read More.
• Positive Sentiment: Venezuela opportunity — Chevron is positioned to expand Venezuelan exports (reports of plans to lift shipments to ~300k bpd) and management flagged improving regulatory signals there, creating a potentially material upside optionality for volumes and heavy?crude feedstock. Read More.
• Positive Sentiment: Sector tailwind — Rising crude and heightened geopolitical risk have lifted oil majors broadly this month, amplifying the impact of Chevron’s positive operational news on its share price. Read More.
• Neutral Sentiment: Management commentary and investor calls — CEO Mike Wirth gave interviews and hosted the earnings call emphasizing Venezuela, cost discipline and project execution; informative for longer?term thesis but not an immediate surprise. Read More.
• Neutral Sentiment: Talks to expand Venezuela license — Reports say Chevron is in discussions to broaden its Venezuela remit; the development is strategically important but depends on licensing and logistics. Read More.
• Negative Sentiment: Revenue miss and profit decline Y/Y — Q4 revenue missed estimates (~$45.8B vs. ~$48.2B expected) and full?year profits fell vs. 2024, reflecting weaker oil prices and pressuring margin dynamics. That tempers the beat and is a near?term risk if prices stay low. Read More.
• Negative Sentiment: Constrained Venezuela spending — Reports that Chevron will cap Venezuela capital outlays despite administration encouragement could limit near?term upside to output if policy access improves faster than spending follows. Read More.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CVX shares. Morgan Stanley dropped their price target on shares of Chevron from $180.00 to $174.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Sanford C. Bernstein boosted their target price on shares of Chevron from $170.00 to $172.00 and gave the company a “market perform” rating in a research note on Monday, January 5th. HSBC set a $169.00 price objective on Chevron and gave the stock a “buy” rating in a report on Monday, December 1st. Raymond James Financial reissued an “outperform” rating and set a $160.00 target price (down previously from $170.00) on shares of Chevron in a report on Friday, October 17th. Finally, Piper Sandler lowered their price target on shares of Chevron from $178.00 to $174.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Chevron has an average rating of “Hold” and a consensus target price of $170.00.

Chevron Price Performance

The stock has a market cap of $354.61 billion, a PE ratio of 24.77, a P/E/G ratio of 11.83 and a beta of 0.70. The business has a fifty day simple moving average of $155.87 and a two-hundred day simple moving average of $155.24. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.19.

Chevron (NYSE:CVX) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.08. The company had revenue of $45.79 billion for the quarter, compared to analysts’ expectations of $48.18 billion. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.06 earnings per share. Research analysts forecast that Chevron Corporation will post 10.79 earnings per share for the current year.

Insider Transactions at Chevron

In other Chevron news, insider Alana K. Knowles sold 7,956 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $165.05, for a total value of $1,313,137.80. Following the transaction, the insider directly owned 1,207 shares of the company’s stock, valued at approximately $199,215.35. This trade represents a 86.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael K. Wirth sold 320,700 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $162.99, for a total transaction of $52,270,893.00. Following the sale, the chief executive officer directly owned 14,450 shares of the company’s stock, valued at $2,355,205.50. The trade was a 95.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 635,190 shares of company stock worth $100,254,408 in the last ninety days. Insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Perigon Wealth Management LLC lifted its stake in Chevron by 19.3% in the 3rd quarter. Perigon Wealth Management LLC now owns 73,448 shares of the oil and gas company’s stock valued at $11,406,000 after buying an additional 11,875 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in Chevron by 15.3% in the third quarter. New York State Teachers Retirement System now owns 1,620,231 shares of the oil and gas company’s stock valued at $251,606,000 after acquiring an additional 215,345 shares during the last quarter. Solitude Financial Services grew its holdings in shares of Chevron by 8.2% during the 2nd quarter. Solitude Financial Services now owns 25,325 shares of the oil and gas company’s stock worth $3,626,000 after purchasing an additional 1,913 shares during the period. Pictet North America Advisors SA purchased a new stake in shares of Chevron in the 3rd quarter valued at approximately $5,662,000. Finally, Shell Asset Management Co. boosted its stake in shares of Chevron by 21.4% in the second quarter. Shell Asset Management Co. now owns 51,115 shares of the oil and gas company’s stock valued at $7,319,000 after purchasing an additional 9,002 shares during the period. Institutional investors own 72.42% of the company’s stock.

About Chevron

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.