NYSE:CVX
Chevron Texaco (CVX)
Financials 
Technical Analysis 
Jul 11, 2026, 12:00 amThis summary was created by AI, based on 11 opinions in the last 12 months.
Chevron Texaco (CVX-N) has received mixed reviews from various experts, reflecting a divergence of opinions on its future prospects. Some analysts appreciate its solid fundamentals, citing impressive free cash flow, a competitive dividend yield between 3.8% and 4.5%, and recent profitability. However, others express concern regarding the hype surrounding potential gains from Venezuela and the recent volatility in the energy sector, leading to suggestions of cautious investment strategies, especially in light of fluctuating oil prices. While a few analysts see room for further gains, others remain skeptical due to a perceived premium valuation and lack of growth potential in the energy stocks overall. Overall, many underscore the importance of long-term considerations rather than short-term speculation in this sector.
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Premium contentAs of end 2022, CVX was Warren Buffet’s third largest holding - $30 billion. The company is generating incredible cash flow as it benefits from its integrated portfolio from production to retail distribution. It trades at 10x earnings and under 2x book value and supports a 23% ROE. Cash reserves are growing while debt is retired and shares bought back. It pays a good dividend, backed by payout ratio under 35% of cash flow. We recommend placing a stop loss at $150, looking to achieve $193 — upside potential over 19%. Yield 3.58%
(Analysts’ price target is $192.96)
Pristine balance sheet, only 12% debt to total capital. Investments are paying off. Good entry point, as oil's traded off. Yield is 3.61%.
(Analysts’ price target is $191.80)
Gordon ReidHe added shares last week, because he was under water this name. Energy remains long-term uninvestible, but it is tradable for 6-12 months. Oil has major down cycles, but last year was great (and he missed it). Oil can still fall to $60 a barrel, but you can still lose your shirt with oil.
Premium content
Gordon Reid
David Fingold
Stan Wong
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We reiterate CVX, one of the world's largest fully integrated oil and gas companies as a TOP PICK. The company continues to generate enormous free cash flow, allowing the company to aggressively retire debt and buy back shares. It trades under 10x earnings and under 2x book value. It pays a good dividend backed by a payout ratio under 1/3 of cash flow. We continue to recommend a stop at $150, looking to achieve $189 -- upside potential of 19%. Yield 3.6%