CVX

Chevron Corp

NYSE: CVX · ENERGY · OIL & GAS INTEGRATED

$187.22

+0.75% today

Updated 2026-06-12

Market cap

$373.52B

P/E ratio

32.67

P/S ratio

2.01x

EPS (TTM)

$5.74

Dividend yield

3.72%

52W range

$131 – $213

Volume

10.6M

Market cap

$373.52B

P/E ratio

32.67

P/S ratio

2.01x

EPS (TTM)

$5.74

Dividend yield

3.72%

52W range

$131 – $213

Volume

10.6M

Chevron Corp (CVX) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

CVX · Chevron Corp · Price target summary

Current

$187.22

Consensus

$204.00

+8.96%

2030 Target

$98.06

-47.62%

DCF

—

Current price

$187.22

Analyst consensus

$204.00

+8.96%

2030 Target

$98.06

-47.62%

Intrinsic (DCF)

—

25 analysts:

19 Buy5 Hold1 Sell

Management guidance

No specific revenue targets for 2026-2030 period found in available CEO guidance. CEO Michael Wirth emphasized capital discipline, integrated downstream operations, and exposure to global energy markets. Guidance focuses on production optimization and shareholder returns rather than revenue growth targets.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

CVX · Chevron Corp · Revenue & price projection · 2023–2030E

Actual revenue Projected revenue Base case Bull to bear range

Bear case (2030)

$58.84

$228.9B Rev × 0.5x P/S

Base case (2030)

$98.06

$228.9B Rev × 0.8x P/S

Bull case (2030)

$156.90

$228.9B Rev × 1.3x P/S

WallStSmart.com

Financial forecast — research-backed

Metric	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$184.4B	$225.7B	$211.9B	$218.5B	$223.8B	$228.9B
Revenue growth	-4.6%	22.3%	-6.1%	3.1%	2.4%	2.3%
EPS	$7.29	$12.44	$11.78	$12.15	$12.35	$12.50
P/S ratio	—	0.8x	0.8x	0.8x	0.8x	0.8x
Implied price	—	$98.06	$98.06	$98.06	$98.06	$98.06

CVX · Chevron Corp · Catalysts & risks

Growth catalysts

+ Middle East geopolitical tensions supporting elevated oil/gas prices through 2026-2027

+ Strait of Hormuz supply disruptions cited by CEO as creating potential for physical oil shortages

+ Asset divestiture program ($2.17B ENEOS deal) improving capital efficiency and reducing capex requirements

+ Energy transition investments in lower-carbon solutions expanding addressable market

+ Strong dividend sustainability (3.5%+ yield) supporting institutional demand

Key risks

- Commodity price volatility — CVX revenue dropped 4.6% YoY in 2025 as oil prices normalized from 2022-2023 highs

- Geopolitical de-escalation in Middle East could rapidly reverse current pricing tailwinds

- Energy transition pressure reducing long-term demand for oil/gas; analysts project peak oil demand 2030-2035

- Q1 2026 revenue missed expectations despite EPS beat — margin compression evident in integrated operations

- Berkshire Hathaway sold significant CVX position in Q1 2026 (per 13F filing), signaling reduced conviction

- Current P/E of 34x historically high for energy sector; valuation offers limited upside cushion

Methodology

Chevron Corp's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 25 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 19, 2026.