Chevron (NYSE:CVX) Shares Up 3.3% Following Strong Earnings

Chevron Corporation (NYSE:CVX)’s stock price shot up 3.3% during mid-day trading on Friday following a better than expected earnings announcement. The stock traded as high as $177.30 and last traded at $176.7540. 22,901,669 shares were traded during mid-day trading, an increase of 74% from the average session volume of 13,165,488 shares. The stock had previously closed at $171.19.

The oil and gas company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. The firm had revenue of $45.79 billion for the quarter, compared to analysts’ expectations of $48.18 billion. Chevron had a net margin of 6.57% and a return on equity of 8.74%. The company’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.06 earnings per share.

Key Stories Impacting Chevron

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

Several brokerages have recently issued reports on CVX. HSBC set a $169.00 price objective on Chevron and gave the company a “buy” rating in a research note on Monday, December 1st. Bank of America lowered their target price on Chevron from $183.00 to $180.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Barclays increased their target price on Chevron from $158.00 to $166.00 and gave the company an “equal weight” rating in a report on Wednesday, January 21st. Zacks Research raised shares of Chevron from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 23rd. Finally, UBS Group reiterated a “buy” rating on shares of Chevron in a report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $170.00.

Insider Buying and Selling

In other Chevron news, Director John B. Hess sold 275,000 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $150.75, for a total value of $41,456,250.00. Following the completion of the sale, the director directly owned 1,128,045 shares in the company, valued at $170,052,783.75. This represents a 19.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael K. Wirth sold 320,700 shares of Chevron stock in a transaction on Monday, January 5th. The stock was sold at an average price of $162.99, for a total transaction of $52,270,893.00. Following the sale, the chief executive officer owned 14,450 shares in the company, valued at $2,355,205.50. This represents a 95.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 645,924 shares of company stock worth $102,079,188 in the last quarter. Company insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quaker Wealth Management LLC raised its stake in Chevron by 197.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 439 shares during the last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of Chevron during the 3rd quarter valued at approximately $34,000. Vermillion & White Wealth Management Group LLC boosted its position in shares of Chevron by 86.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 118 shares in the last quarter. IMG Wealth Management Inc. lifted its holdings in shares of Chevron by 52.3% in the 2nd quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 91 shares during the period. Finally, Marquette Asset Management LLC acquired a new stake in Chevron during the third quarter worth approximately $41,000. Institutional investors own 72.42% of the company’s stock.

Chevron Trading Up 3.3%

The firm has a market capitalization of $355.90 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 11.83 and a beta of 0.70. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. The business’s 50-day moving average price is $155.87 and its 200 day moving average price is $155.24.

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.