Houston, Texas-based Chevron Corporation (CVX) engages in integrated energy and chemicals operations in the United States and internationally. The company has a market cap of $380.5 billion and operates through Upstream, Downstream, and All Other segments and is expected to release its Q2 2026 earnings on Friday, July 31, before the market opens.
Ahead of the event, analysts expect the company’s EPS to be $5.79 on a diluted basis, up 227.1% from $1.77 in the year-ago quarter. The company has exceeded Wall Street’s EPS estimates in each of its last four quarters.
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For fiscal 2026, analysts project the company’s EPS to be $14.78, up 102.7% from $7.29 in fiscal 2025. However, its EPS is expected to decline by roughly 10.4% year over year (YoY) to $13.25 in fiscal 2027.
www.barchart.comCVX stock has surged 28.7% over the past 52 weeks, outperforming the S&P 500 Index’s ($SPX) 19.1% rise, but lagging behind the State Street Energy Select Sector SPDR ETF’s (XLE) 38.6% return during the same time frame.
www.barchart.comOn May 1, CVX stock declined marginally following the release of its Q1 2026 earnings. The company’s revenue for the period amounted to $48.6 billion and surpassed the Street’s estimates. Moreover, its adjusted EPS came in at $1.41, also topping Wall Street’s estimates.
Analysts are moderately bullish on CVX, with the stock having a “Moderate Buy” rating overall. Among the 25 analysts covering the stock, 16 are recommending a “Strong Buy,” three suggest a “Moderate Buy,” five suggest a “Hold,” and one suggests a “Strong Sell” for the stock. CVX’s average analyst price target is $212.81, indicating an upside of 10.4% from the current levels.
On the date of publication, Aritra Gangopadhyay did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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