Chevron Corporation (CVX)
NYSEEnergyOil & Gas IntegratedSnapshot 2026-10-30
$235.52+1.75%
Close 2026-10-30 · 1-day change
NYSEEnergyOil & Gas IntegratedSnapshot 2026-10-30
Research Workspace
Put CVX beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Energy is in expansion. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Free cash flow of at least $16.6 billion in 2026: Free cash flow: $18.09B.
View ThesisRevenue growth is accelerating — up about 10% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationModerate volatility — typically moves about 1% a day.
View RiskChevron’s case rests on free cash flow and production growth, with supportive energy trends. Revenue grew 56% year over year in Q2 FY2026, and third-quarter 2026 earnings beat estimates. CVX trades at 17× P/E versus a 22× peer median; expectations look modest versus our view. The primary pillar is under pressure: 2026 free cash flow was $18.09 billion against a $16.6 billion floor. Our model puts the next-quarter miss probability near 36%. Peer multiples imply a price about 11% below where it trades; the thesis is on watch.
Trailing returns as of 2026-10-30. CVX is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 26 analysts currently covering CVX (as of Oct 2026).
Based on 12 Wall Street analysts offering 12-month price targets for CVX in the last 4 months.
Continue this research
Compare CVX with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
Compare now without an account. Saving and monitoring require an account.
| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| CVX Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 14 valuation methods, at three horizons. As of 2026-10-30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Energy (broad) — fair value, gap to price, and forward P/E.
Compare the value case
Put CVX next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Grow oil and gas production and reliable energy supply
A concrete plan to substantially grow Venezuelan output supports production growth, though execution and timing remain uncertain.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
Current $235.52
The last 12 months of price, then the range of analyst 12-month targets from today’s $235.52.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Top 25% on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Drive free cash flow and production growth
Reported blowout profits support cash generation, though elevated prices may be temporary.
Advances: Drive free cash flow and production growth
Beating Q3 estimates supports operating performance, but the headline lacks company-specific detail.
Advances: Return cash to shareholders
Returning substantial free cash flow supports shareholder returns, while dividend safety remains the article's question.
Advances: Drive free cash flow and production growth
Nearly tripled profit and record refinery throughput demonstrate stronger operating performance.
Threatens: Drive free cash flow and production growth
Potentially significant downtime threatens near-term production and cash flow.
Advances: Drive free cash flow and production growth
Higher downstream profit helped beat expectations, supporting cash generation but offering limited evidence of durable growth.
Advances: Advance energy transition and new energies businesses
Maintaining the data-center timeline supports new-energy plans, though execution remains uncertain.
