Is Wall Street Bullish or Bearish on Chevron Stock?
By: barchartnews|2025/05/02 20:15:01
0
Share
Chevron Corporation (CVX), headquartered in Houston, Texas, integrates energy and chemicals operations. With a market cap of $239.5 billion, the company produces and transports crude oil and natural gas, as well as refines, markets, and distributes fuels worldwide.Shares of this oil giant have underperformed the broader market considerably over the past year. CVX has declined 14.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 11.7%. In 2025, CVX stock is down 5.9%, compared to the SPX’s 4.7% decline on a YTD basis.Narrowing the focus, CVX’s outperformance is apparent compared to the SPDR S&P Oil & Gas Exploration & Production ETF (XOP). The exchange-traded fund has declined about 23.9% over the past year. Moreover, CVX’s single-digit losses on a YTD basis outshine the ETF’s 14.7% dip over the same time frame. www.barchart.com CVX's underperformance is due to fluctuating crude oil prices caused by escalating trade tensions and geopolitical uncertainties. The company's earnings are highly exposed to macroeconomic policies and geopolitical noise, impacting its upstream earnings. Additionally, new global refining capacity and falling demand for products like jet fuel are pressuring margins. CVX is also facing cost pressures, regulatory restrictions on drilling, and an ongoing dispute with Exxon Mobil Corporation (XOM) over a potential merger with Hess Corporation’s (HES) Guyana project. The company's West Coast refining operations have been hit with losses due to lower margins and rising operating costs. Overall, CVX's profitability is weakening, especially with the announcement of the U.S. revoking its license to operate in Venezuela.On Jan. 31, CVX shares closed down more than 4% after reporting its Q4 results. Its revenue of $52.2 billion beat analyst estimates of $47 billion. The company’s adjusted EPS was $2.06, missing analyst estimates of $2.19. For fiscal 2025, ending in December, analysts expect CVX’s EPS to decline 24% to $7.64 on a diluted basis. The company’s earnings surprise history is mixed. It beat the consensus estimate in two of the last four quarters while missing the forecast on two other occasions. Among the 21 analysts covering CVX stock, the consensus is a “Moderate Buy.” That’s based on 12 “Strong Buy” ratings, two “Moderate Buys,” six “Holds,” and one “Strong Sell.” www.barchart.com This configuration is less bullish than a month ago, with an overall “Strong Buy” rating, consisting of 15 analysts suggesting a “Strong Buy.”On Apr. 23, Raymond James Financial, Inc. (RJF) kept an “Outperform” rating on CVX and lowered its price target to $161, implying a potential upside of 18.2% from current levels.The mean price target of $169 represents a 24% premium to CVX’s current price levels. The Street-high price target of $197 suggests an ambitious upside potential of 44.6%. On the date of publication, Neha Panjwani 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.
You may also like

How much longer can Ethereum's last big buyer hold on?
According to Bitmine's current buying pace, the 5% target is expected to be reached next month, and at that time, there may be no further increases in holdings. So, who will fill the buying gap for Ethereum?

The pricing controversy of Trade.xyz exposes the fatal weakness of Pre-IPO perpetual contracts
SpaceX's equity update has sparked controversy over on-chain liquidations. Trade.xyz refuses to reset the SPCX pricing, and the lack of a Rebase mechanism in Perp DEX has led to a significant trust test for on-chain Pre-IPO assets.

World Cup 2026 Coming – WEEX Celebrates with $1M Prize Pool & Michael Owen Live
The 2026 FIFA World Cup is hours away. WEEX unveils the “World Cup x Dice Rush” campaign with a 1,000,000 USDT prize pool. Plus, Michael Owen reunites with WEEX COO for an exclusive pre-match livestream. Join now!

Galaxy in-depth report: Is Solana still worth paying attention to?
Solana did not fall behind during the bear market. Trading enthusiasm has waned, but the network is more stable, RWA and stablecoins are expanding, and the capital foundation is much thicker than in the previous cycle. The real question is: when the speculative tide recedes, can perpetuals, predicti...

Young people in South Korea make a "final effort" in the epic bull market
The South Koreans' average of two accounts for wildly gambling in the chip bull market reflects the survival anxiety and harsh reality of countless young people trying to break through class barriers behind the nationwide stock trading frenzy for wealth.

Dialogue with OmenX Founder: Why does the prediction market need an evolution from "spot" to "derivatives"?
How to reconstruct the prediction market using leverage?

When the P2P illicit funds from ten years ago turned into 60,000 bitcoins
The largest Bitcoin money laundering case in the UK has new developments: 16,000 Chinese victims are pursuing 61,000 seized Bitcoins across borders, and the dispute over the applicability of UK and Chinese laws will directly determine whether the victims can share in the soaring profits.

Morning News | CME Group launches Nasdaq Cryptocurrency Index futures; Asset management giant Janus Henderson strategically invests in Ethena
Overview of Important Market Events on June 10

Why did Oracle deliver the strongest financial report in history, yet its stock price fell?
Oracle's revenue for fiscal year 2026 set a record, with AI cloud orders soaring to $638 billion, but massive capital expenditures on computing power led to negative free cash flow, causing a 5% drop in after-hours stock prices.

Bitcoin Layer 2 Network Botanix: Why Did We Choose to Dissolve?
The Bitcoin L2 star project Botanix announced a gradual shutdown, with the team admitting to facing severe challenges from the failure of its business model and the prevailing trends. Users are urged to withdraw all assets before July 9, 2026.

Morning Report | OpenAI has submitted an S-1 registration statement draft to the U.S. SEC; Morpho completes $175 million financing
Overview of Important Market Events on June 9th

Galaxy Deep Research Report: How Hyperliquid's HIP-4 Upgrade Changes the Landscape of Prediction Markets?
The platform that wins this competition will be the one whose execution layer is the hardest to replicate, whose builder ecosystem delivers the fastest, and whose regulatory path is the most open.

Latest research from 13 top universities including Cornell University: The current state, challenges, and misconceptions of the fusion of Crypto and AI
The combination of AI and crypto is still in its early stages, with both serving as complementary "middleware": AI translates human intentions into executable programs, while cryptographic technology provides verifiable and tamper-proof guarantees for computational processes and results. In the dire...

Deconstructing Anthropic: The Best AI Company, Possibly Also a Type of Organizational Invention
Instead of competing with ambition, focusing on restraint, how does Anthropic leverage extreme strategic focus and an "counterintuitive" geek culture to counterattack OpenAI on the AI battlefield?

Every exchange is a "Universal Exchange."
You initially build infrastructure for something, then realize it can also be used for many other things, and then you continuously expand the business to accommodate everything that the infrastructure can support.

The counterattack of traditional finance: Alliance chains are quietly reviving
Whether public chains win or consortium chains win has never been the focus.

Pantera Capital Partner: How Tokenization is Restructuring the Private Equity and Early Investment Ecosystem?
Top tech companies are going public later and later, leaving retail investors shut out during the high growth period. Can tokenization give ordinary people back this entry ticket?

Mastercard Launches Agent Pay for AI, Plans to Record AI Agent Payment Authorizations on Polygon
Mastercard launched Agent Pay for AI, a new payment protocol designed to help AI agents make small payments such as pay-per-use access to data and APIs. The system plans to record human-granted AI agent permissions on Polygon, focusing on verifiable authorization, identity, and payment controls.
How much longer can Ethereum's last big buyer hold on?
According to Bitmine's current buying pace, the 5% target is expected to be reached next month, and at that time, there may be no further increases in holdings. So, who will fill the buying gap for Ethereum?
The pricing controversy of Trade.xyz exposes the fatal weakness of Pre-IPO perpetual contracts
SpaceX's equity update has sparked controversy over on-chain liquidations. Trade.xyz refuses to reset the SPCX pricing, and the lack of a Rebase mechanism in Perp DEX has led to a significant trust test for on-chain Pre-IPO assets.
World Cup 2026 Coming – WEEX Celebrates with $1M Prize Pool & Michael Owen Live
The 2026 FIFA World Cup is hours away. WEEX unveils the “World Cup x Dice Rush” campaign with a 1,000,000 USDT prize pool. Plus, Michael Owen reunites with WEEX COO for an exclusive pre-match livestream. Join now!
Galaxy in-depth report: Is Solana still worth paying attention to?
Solana did not fall behind during the bear market. Trading enthusiasm has waned, but the network is more stable, RWA and stablecoins are expanding, and the capital foundation is much thicker than in the previous cycle. The real question is: when the speculative tide recedes, can perpetuals, predicti...
Young people in South Korea make a "final effort" in the epic bull market
The South Koreans' average of two accounts for wildly gambling in the chip bull market reflects the survival anxiety and harsh reality of countless young people trying to break through class barriers behind the nationwide stock trading frenzy for wealth.
Dialogue with OmenX Founder: Why does the prediction market need an evolution from "spot" to "derivatives"?
How to reconstruct the prediction market using leverage?
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com


