Chevron Corporation (CVX) is currently trading at $192.98. Based on 23 Wall Street analysts, the average target price is $214.13, implying a 11.0% upside. The consensus recommendation is BUY.

CVX

Chevron Corporation

EnergyOpinion: buy

Opinion Criteria: Based on the consensus of Wall Street analysts. Strong Buy (1.0-1.5), Buy (1.5-2.5), Hold (2.5-3.5), Sell (3.5-4.5), Strong Sell (4.5-5.0).

Price (USD)

$192.98

Consensus target price range

Low–high band from analyst PT changes in the last 3 months; median & sample mean vs current price

LowHigh
$192.00$230.00
Current $192.98
Median: $211.50Mean: $211.30Current: $192.98

Recent price target updates (latest 80)

  • TD CowenJul 22, 2026

    PT action: Raises

    $197.00 → $200.00

  • Wolfe ResearchJul 2, 2026

    PT action: Announces

    $0.00 → $210.00

  • Morgan StanleyJun 29, 2026

    PT action: Lowers

    $214.00 → $210.00

  • MizuhoMay 27, 2026

    PT action: Raises

    $225.00 → $230.00

  • BarclaysMay 26, 2026

    PT action: Raises

    $192.00 → $213.00

  • Morgan StanleyMay 22, 2026

    PT action: Raises

    $212.00 → $214.00

  • BernsteinMay 11, 2026

    PT action: Lowers

    $216.00 → $204.00

  • RBC CapitalMay 5, 2026

    PT action: Maintains

    $220.00 → $220.00

  • UBSMay 4, 2026

    PT action: Raises

    $218.00 → $220.00

  • BarclaysMay 4, 2026

    PT action: Raises

    $180.00 → $192.00

  • ScotiabankApr 22, 2026

    PT action: Raises

    $168.00 → $187.00

  • BNP ParibasApr 17, 2026

    PT action: Announces

    $0.00 → $174.00

  • RBC CapitalApr 13, 2026

    PT action: Raises

    $200.00 → $220.00

  • Wells FargoApr 9, 2026

    PT action: Raises

    $204.00 → $222.00

  • CitigroupApr 2, 2026

    PT action: Raises

    $210.00 → $235.00

  • Morgan StanleyMar 27, 2026

    PT action: Raises

    $174.00 → $212.00

  • MizuhoMar 17, 2026

    PT action: Raises

    $206.00 → $217.00

  • BarclaysMar 16, 2026

    PT action: Raises

    $172.00 → $180.00

  • Piper SandlerMar 12, 2026

    PT action: Raises

    $179.00 → $242.00

  • CitigroupMar 2, 2026

    PT action: Raises

    $179.00 → $210.00

Band uses only the revised target (Current column) from firm actions dated within the last 3 months—not the Prior price.

Avg Target

$214.13

Based on 23 analysts

Analyst Recommendations

Buy (19)Hold (4)Sell (1)

Upside

+10.96%

Market Cap

$384.34B

Financial & Investment Metrics

Next Earnings Date
Jul 31, 2026D-9
P/E Ratio (TTM)33.68
Forward P/E15.43
P/B Ratio2.08
Dividend Yield3.73%
Return on Equity (ROE)6.64%
Operating Margin7.31%
Debt to Equity23.99
Beta (Volatility)0.49
52 Week Range$146.49 - $214.71
LowCurrent: $192.98High

Latest News

Daily editorial mentioning CVX

Price target moves

Financials Lead Upgrades as Morgan Stanley Overhauls Energy Outlook

The latest consensus data, updated as of June 30, 2026, reveals a distinct divergence in analyst sentiment. Upgrades are currently concentrated within the Financials sector, while the Energy complex is bearing the brunt of a widespread reassessment.

This shift is headlined by a flurry of activity from Morgan Stanley, which adjusted targets across a broad swath of banking and energy institutions. While the banking sector saw a wave of upward revisions, the energy space faced a series of target reductions that recalibrated expectations for several major players.

Firm-level moves

Morgan Stanley led the charge in the Financials sector, lifting price targets for WFC (97 to 102), USB (64 to 67), PNC (267 to 278), JPM (336 to 362), C (154 to 164), and BAC (61 to 67). Interestingly, GS also saw a target increase to 1099 from 1021, though the stock currently trades above that mark, resulting in a -4.1% implied upside. In the IT sector, UBS pushed TXN from 295 to 350 and significantly adjusted MRVL from 230 to 340.

Conversely, the Energy sector saw a defensive posture from analysts. Morgan Stanley lowered targets for a long list of names, including RRC (50 to 44), PR (25 to 24), OXY (74 to 68), XOM (171 to 168), EQT (74 to 68), EOG (160 to 156), DVN (66 to 63), COP (153 to 146), CNX (34 to 32), and CVX (214 to 210). Additionally, TD Cowen trimmed MPC from 320 to 315. Outside of energy, JPM adjusted NKE downward from 52 to 47.

Ticker Firm Dir Prior → Current
WFC Morgan Stanley Up 97 → 102
JPM Morgan Stanley Up 336 → 362
XOM Morgan Stanley Down 171 → 168
NKE JPM Down 52 → 47

Context

The sheer volume of downward revisions in the energy space suggests a systematic cooling of price expectations among major firms. Even with these cuts, names like DVN and COP still maintain high implied upside potential—45% and 37.7% respectively—indicating that while targets were pulled back, the street still sees significant value relative to current trading levels.

For investors tracking these shifts, the full list of recent price target revisions provides a broader view of how these institutional adjustments are reshaping the market consensus. One name worth isolating is WY, which saw an upgrade from JP Morgan to 31, reflecting a positive stance in the real estate sector. The discrepancy between the broad energy downgrades and the localized upgrades in financials remains a primary feature of this week's data.

Read article

Insider Sentiment Index (Last 6 Months)

Counts and listings exclude stock awards, gifts, and option exercises—open-market purchases and sales only.

Buy vs Sell (Count)

Insider Buys: 0Insider Sells: 10

Whale Trades (C-Level Large Buys)

No major insider buying detected recently.

Recent Insider Transactions

DateNamePositionTransactionShares
5/20/2026HESS JOHN B JR.DirectorSale at price 191.52 - 197.45 per share.380,000
5/6/2026HESS JOHN B JR.DirectorSale at price 183.90 - 185.21 per share.195,000
3/30/2026PATE ROBERT HEWITTOfficerSale at price 213.30 per share.40,200
3/6/2026PATE ROBERT HEWITTOfficerSale at price 192.12 per share.47,200
3/2/2026BONNER EIMEAR PChief Financial OfficerSale at price 184.28 - 190.60 per share.45,800
3/2/2026WALZ ANDREW BENJAMINOfficerSale at price 188.56 - 188.61 per share.11,600
3/2/2026WIRTH MICHAEL KChief Executive OfficerSale at price 188.01 - 190.60 per share.272,624
3/2/2026PATE ROBERT HEWITTOfficerSale at price 184.29 - 189.84 per share.93,475
3/2/2026NELSON MARK A.OfficerSale at price 187.76 - 188.11 per share.139,600
2/27/2026GUSTAVSON JEFF B.OfficerSale at price 186.04 per share.6,667

Frequently Asked Questions

Q. What is the current target price and upside for CVX?

A. The current target price for Chevron Corporation is $214.13, which implies a 11.0% upside from the current price of $192.98. This is based on the consensus of 23 Wall Street analysts.

Q. What is the current analyst recommendation for CVX?

A. Currently, there are 5 Strong Buy, 14 Buy, 4 Hold, 1 Sell, and 0 Strong Sell ratings. The overall consensus is BUY.

Q. Are insiders buying CVX stock recently?

A. Over the past 6 months, there have been 0 insider buys and 10 insider sells. Insider selling is more prominent recently.

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