CVX Chevron Corporation
Chevron Corporation (CVX) trend channel, buy level and 3-month target on Trade The Path. Sector: Energy. Listed on NYSE. Levels below are fitted to this ticker's own swing highs and lows (Theil–Sen, log-price), then projected 3 months. On this symbol, 5 comparable calls have settled; 40% reached the published sell target. Information only, not financial advice.
In the sell zone
Price has run up to the upper trend line — the level it has repeatedly stalled at.
Read from the last 18 months of history we hold: rising, drifting +35% a year. The nearest ceiling overhead is US$217.59. What would overturn this: a close below US$173.54 — the floor of the channel being read — after which the trend, not the entry, is what was wrong.
- 18 months read from
- US$173.54 – US$217.59 Rising channel, +35% a year
- Position in that channel
- 86% 0% at the floor, 100% at the ceiling
Price history, with the path projected 3 months forward
- Daily close
- Upper trend line (18 months)
- Lower trend line (18 months)
- Dashed after today: projected 3 months
- Our buy
- Our target
Our target
No published call today because price has already run past what this setup aims at, so there is nothing left of the move to buy. No alerts are sent. The buy and target below are still this site's read of the fitted channel.
Buy at or below
US$173.60
level as at 17 Sept 2026
Our target
US$235.70
by 16 Dec 2026
Projected move
35.8%
gross, before costs
Price sits between our buy level and our target.
On this stock's own history these rules produced 5 settled calls, of which 2 reached target (40%), with an average best move of 7.2%. See the full record.
- Upper line touches
- 5
- Lower line touches
- 4
- Fit confidence
- 46%
- Fitted
- 16 Sept 2026
About Chevron Corporation
Chevron Corporation functions as a global energy and chemicals powerhouse, orchestrating its diverse operations worldwide. The company's business is organized into two primary divisions: Upstream and Downstream. The Upstream segment focuses on the full lifecycle of crude oil and natural gas, from their initial exploration and development to production and subsequent transportation. This also encompasses the processing, liquefaction, transit, and regasification of liquefied natural gas (LNG), as well as pipeline transport of crude oil and the movement, storage, and sale of natural gas. Additionally, this segment manages a facility dedicated to converting natural gas into liquid fuels. In contrast, the Downstream segment is tasked with refining crude oil into a variety of petroleum products. Its activities include the merchandising of crude oil, refined goods, and lubricants, in addition to the creation and distribution of renewable fuels. This division is also responsible for moving crude oil and refined products using a range of methods, including pipelines, ships, motor vehicles, and rail cars. Furthermore, it produces and markets bulk petrochemicals, industrial-grade plastics, and additives for both fuels and lubricants. Beyond these core ventures, Chevron is also involved in financial management, debt financing, insurance underwriting, real estate development, and various technology-driven enterprises. Founded in 1879, the company operated as ChevronTexaco Corporation until it officially became Chevron Corporation in 2005. Its corporate headquarters are situated in San Ramon, California.
- Sector
- Energy
- Industry
- Oil & Gas Integrated
- CEO
- Michael K. Wirth
- Employees
- 43,039
- Country
- US
Scorecard
Our own pillar scores, computed from the fundamentals below. They are not Morningstar ratings — that data is licensed and we do not redistribute it.
- Valuation
- 85/100
- Profitability
- 41/100
- Financial health
- 64/100
- Cash generation
- 77/100
Key statistics
- Market cap
- US$384.76B
- Enterprise value
- US$413.31B
- Beta
- 0.49
- Avg volume
- 9.12M
- Revenue per share
- 105.95
- Dividend yield
- 3.61%
- 52-week range
- 146.49-214.71
- Exchange
- NYSE
Key ratios
- P/E (TTM)
- 18.45
- PEG
- 0.54
- Price / sales
- 1.84
- Price / book
- 2.00
- EV / EBITDA
- 7.41
- Gross margin
- 31.00%
- Operating margin
- 15.83%
- Net margin
- 9.87%
- Current ratio
- 0.00
- Quick ratio
- 0.00
- Debt / equity
- 0.20
- Interest cover
- 23.13
Income statement
| Year | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2025 | US$184.43B | US$56.09B | US$16.67B | US$12.30B | US$6.63 |
| 2024 | US$193.41B | US$56.93B | US$29.10B | US$17.66B | US$9.72 |
| 2023 | US$196.91B | US$60.39B | US$33.79B | US$21.37B | US$11.36 |
| 2022 | US$235.72B | US$65.59B | US$39.95B | US$35.47B | US$18.28 |
| 2021 | US$155.61B | US$45.43B | US$16.10B | US$15.63B | US$8.14 |
Balance sheet
| Year | Total assets | Total liabilities | Total equity |
|---|---|---|---|
| 2025 | US$324.01B | US$131.84B | US$186.45B |
| 2024 | US$256.94B | US$103.78B | US$152.32B |
| 2023 | US$261.63B | US$99.70B | US$160.96B |
| 2022 | US$257.71B | US$97.47B | US$159.28B |
| 2021 | US$239.53B | US$99.59B | US$139.07B |
Cash flow
| Year | Operating cash flow | Free cash flow | Net income |
|---|---|---|---|
| 2025 | US$33.94B | US$16.59B | US$12.48B |
| 2024 | US$31.49B | US$15.04B | US$17.75B |
| 2023 | US$35.61B | US$19.78B | US$21.41B |
| 2022 | US$49.60B | US$37.63B | US$35.61B |
| 2021 | US$29.19B | US$21.09B | US$15.69B |
EPS forecasts
| Period | Est. EPS | Est. revenue | Analysts |
|---|---|---|---|
| 2025 | US$7.14 | US$186.93B | 15 |
| 2026 | US$14.72 | US$224.88B | 7 |
| 2027 | US$12.56 | US$204.12B | 15 |
| 2028 | US$12.56 | US$202.00B | 10 |
| 2029 | US$13.37 | US$217.79B | 4 |
| 2030 | US$13.64 | US$217.87B | 4 |
Analyst view
- Target (mean)
- US$211.08
- Target (high)
- US$224.00
- Target (low)
- US$174.00
- Strong buy
- 0
- Buy
- 34
- Hold
- 15
- Sell
- 4
Trend lines are fitted statistically to past swing highs and lows and projected forward on the assumption the same rhythm continues. It often does not. This is information, not advice.