Shell, Chevron, BP pull crews as Hurricane Isaias barrels toward Gulf Coast refineries
Shell plc SHEL, Chevron Corp. CVX and BP plc BP have pulled workers off Gulf of Mexico platforms and shut in production as ...
Model output · Signal date 2026-10-16
Chevron Corp (CVX) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
Rating · 90D
▼ Bearish
Exact rating locked
90-day forecast
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30-day forecast
Alpha
Rank in coverage
Bottom 35%
of 5171 stocks scored
Rank correlation · 90D
2.0%
Spearman, 357 dates
Market Cap
$444.53B
mega-cap · #1 of 15 peers
Summary
Chevron Corp (CVX) stock forecast summary
Our AI ranks Chevron Corp outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Chevron Corp is a mega-cap company with a market capitalization of $444.53B. It ranks number 1 by market capitalization among the 15 Petroleum Refining issuers in our coverage with a current forecast. Its D/E Ratio of 0.71x is the lowest of the 13 peers that report one. Its Dividend Yield of 3.12% is the highest of the 8 peers that report one.
For CVX, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 2.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -3.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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CVX price chart and AI forecast
Cross-section · 2026-10-16
How CVX ranks among 5171 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-06-30
Chevron Corp (CVX) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Petroleum Refining peers listed below that report each metric.
Valuation & Market
| Metric | CVX | Rank |
|---|---|---|
| Market Cap | $444.53B | 1/15 |
| P/E Ratio | 21.63x | 3/11 |
| P/B Ratio | 2.34x | 8/10 |
| Dividend Yield | 3.12% | 1/8 |
| EPS | $10.40 | – |
| Book Value/Share | $96.11 | – |
| Revenue/Share | $108.95 | – |
| FCF/Share | $13.67 | – |
Profitability & Margins
| Metric | CVX | Rank |
|---|---|---|
| ROE | 10.8% | 9/10 |
| ROA | 6.2% | 6/9 |
| Gross Margin | 45.4% | 3/11 |
| Net Margin | 9.6% | 2/11 |
| EBT Margin | 14.1% | 3/11 |
| Tax Rate | 31.8% | – |
Financial Health
| Metric | CVX | Rank |
|---|---|---|
| Current Ratio | 1.25x | 10/13 |
| Quick Ratio | 0.98x | 4/12 |
| D/E Ratio | 0.71x | 13/13 |
| Financial Leverage | 1.74x | 10/10 |
| Working Capital | $9.89B | 3/13 |
Cash Flow
| Metric | CVX | Rank |
|---|---|---|
| Operating Cash Flow | $45.32B | 3/13 |
| Free Cash Flow | $27.01B | 2/8 |
| Capital Spending | -$18.31B | 7/8 |
| OCF Growth YoY | 41.0% | 6/10 |
| FCF Growth YoY | 67.8% | – |
| FCF/Sales | 12.6% | 1/8 |
| CapEx/Sales | 8.5% | 3/8 |
Operational Efficiency
| Metric | CVX | Rank |
|---|---|---|
| Asset Turnover | 0.65x | 9/10 |
| Receivables Turnover | 9.8x | 9/11 |
| Inventory Turnover | 11.2x | 11/11 |
| Fixed Assets Turnover | 1.0x | 11/12 |
| Days Sales Outstanding | 37 days | 3/11 |
| Days Inventory | 33 days | 1/11 |
| Payables Period | 76 days | 2/9 |
| Cash Conversion Cycle | -6 days | 6/7 |
Income Statement
| Metric | CVX | Rank |
|---|---|---|
| Total Revenue | $215.26B | 3/13 |
| Net Income | $20.59B | 2/11 |
| SG&A Expense | $5.40B | 1/9 |
| Cost of Goods Sold | $117.62B | 5/11 |
Dividend & Shareholder Information
| Metric | CVX | Rank |
|---|---|---|
| Dividends Per Share | $7.02 | – |
| Payout Ratio | 67.5% | 1/8 |
| Shares Outstanding | 1976M | – |
| Net Income Growth | 50.1% | 3/9 |
| EPS Growth | 33.9% | 4/7 |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $49.14B | 15.1% of assets |
| Cash & Short-term Investments | $9.58B | 3.0% of assets |
| Accounts Receivable | $22.00B | 6.8% of assets |
| Inventory | $10.52B | 3.2% of assets |
| Total Liabilities | $134.58B | 41.5% of assets |
| Short-term Debt | $14.82B | 4.6% of assets |
Quarterly Financial Reports
CVX quarterly financials and insider trading
Industry Peers · Petroleum Refining
Chevron Corp (CVX) industry peers
Companies classified under the same SEC industry code as Chevron Corp (Petroleum Refining): 15 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| CVX Chevron Corp | ▼ | $444.53B |
| COP Conocophillips | ▼ | $176.01B |
| MPC Marathon Petroleum Corp | ▲ | $133.93B |
| BP Bp Plc | ▼ | $129.61B |
| VLO Valero Energy Corp/Tx | ▲ | $127.86B |
| EQNR Equinor Asa | ▼ | $117.46B |
| PSX Phillips 66 | ▶ | $115.40B |
| IMO Imperial Oil Ltd | ▼ | $64.76B |
| YPF Ypf Sociedad Anonima | ▶ | $20.10B |
| PBF Pbf Energy Inc. | ▲ | $10.31B |
| SUN Sunoco Lp | ▲ | $9.93B |
| CVI Cvr Energy Inc | ▲ | $6.17B |
| IEP Icahn Enterprises L.P. | ▶ | $4.73B |
| DK Delek Us Holdings, Inc. | ▲ | $4.69B |
| SUNC Sunococorp Llc | ▲ | $3.73B |
Where CVX sits on the market map
Energy & Transportation · Petroleum Refining
News
Chevron Corp (CVX) stock news
Chevron stock may attract value investors, especially if it hikes the dividend next year
Chevron Corp. (CVX) may hike its quarterly dividend next quarter, when it reports its Q4 results at the end of January 2027. That may imply that CVX stock becomes undervalued if it drops further. Also ...
Chevron (CVX) Is Up 35% This Year. Can Its Exploration Push Keep the Rally Going?
Following a 5-year period of soft spending on its conventional exploration and appraisal, Chevron Corp. (NYSE:CVX) is ...
FAQ
Chevron Corp (CVX) stock forecast FAQ
What is the Chevron Corp (CVX) stock forecast?
Our AI ranks Chevron Corp outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Chevron Corp stock predictions?
For CVX, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 2.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is -3.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Chevron Corp forecasts updated?
Chevron Corp forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Chevron Corp's industry peers?
15 issuers in our coverage, CVX included, share the SEC industry code Petroleum Refining. The largest are: Conocophillips (COP), Marathon Petroleum Corp (MPC), Bp Plc (BP), Valero Energy Corp/Tx (VLO), Equinor Asa (EQNR), Phillips 66 (PSX).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.