NYSE:CVX
Chevron Texaco (CVX)
Financials 
Technical Analysis 
Sep 10, 2026, 12:00 amThis summary was created by AI, based on 11 opinions in the last 12 months.
Chevron Texaco (CVX) has garnered a range of opinions from experts, highlighting both strengths and weaknesses. On the positive side, several reviewers appreciate the company's robust production increase, disciplined capital management, and strong dividend yield, suggesting it has room for further growth. Additionally, its operations in Venezuela are viewed as both a potential risk and opportunity, with some experts believing that geopolitical factors can influence the company's performance positively. However, there are notable concerns regarding the stock's euphoria surrounding recent rallies tied to Venezuelan dynamics and the oil market's overall downward trend. Consequently, while some analysts remain optimistic about CVX’s stability and profitability, others express caution, indicating that the stock may currently be overvalued given the prevailing market conditions and global oil sentiment.
;fill-opacity:1;'/%3e%3cpath%20d='M31%2018.6001V30H8V18.6001L14.1334%2022.4334L19.4999%2014L24.8669%2022.4334L31%2018.6001Z'%20fill='%23EE5432'%20style='fill:%23EE5432;fill:color(display-p3%200.9340%200.3310%200.1956);fill-opacity:1;'/%3e%3c/svg%3e){kind=small}
Premium contentWe reiterate CVX, one of the world's largest integrated energy companies, as a TOP PICK. With WTI prices high enough to generate impressive free cash flow, the company intends to focus on its primary asset in the Permian basin, where economics are well known. This allows the company to maintain a ROE over 20% and to pay a good dividend backed by a payout ratio under one-third of cash flow. We continue to recommend a tight stop at $150, looking to achieve $188 -- upside potential of 18%. Yield 3.6%
(Analysts’ price target is $188.13)
Energy is out of favour. Very strong financial position, 11% debt to total capital. Capital investments of years ago are paying off. Great free cashflow. Trades at 7x enterprise value to EBITDA, relatively cheap. Wonderful promise on growth, and shareholder-friendly paybacks. Yield is 3.77%.
(Analysts’ price target is $185.18)
Gordon ReidPremium contentWe 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%
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
'%20fill='%23ffffff'%3e%3cg%20id='Pager'%20transform='translate(423.000000,%201755.000000)'%3e%3cpath%20d='M243.295367,17.286474%20C243.68919,16.9045087%20244.327703,16.9045087%20244.721525,17.286474%20L249,21.4361302%20L253.278475,17.286474%20C253.672297,16.9045087%20254.31081,16.9045087%20254.704633,17.286474%20C255.098456,17.6684393%20255.098456,18.2877274%20254.704633,18.6696927%20L249.35654,23.856763%20C249.159628,24.0477457%20248.840372,24.0477457%20248.64346,23.856763%20L243.295367,18.6696927%20C242.901544,18.2877274%20242.901544,17.6684393%20243.295367,17.286474%20Z'%20id='Path'%20transform='translate(249.000000,%2020.500000)%20scale(-1,%201)%20rotate(-90.000000)%20translate(-249.000000,%20-20.500000)%20'%3e%3c/path%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/svg%3e)
'%20fill='%23ffffff'%3e%3cg%20id='Pager'%20transform='translate(423.000000,%201755.000000)'%3e%3cpath%20d='M243.295367,17.286474%20C243.68919,16.9045087%20244.327703,16.9045087%20244.721525,17.286474%20L249,21.4361302%20L253.278475,17.286474%20C253.672297,16.9045087%20254.31081,16.9045087%20254.704633,17.286474%20C255.098456,17.6684393%20255.098456,18.2877274%20254.704633,18.6696927%20L249.35654,23.856763%20C249.159628,24.0477457%20248.840372,24.0477457%20248.64346,23.856763%20L243.295367,18.6696927%20C242.901544,18.2877274%20242.901544,17.6684393%20243.295367,17.286474%20Z'%20id='Path'%20transform='translate(249.000000,%2020.500000)%20rotate(-90.000000)%20translate(-249.000000,%20-20.500000)%20'%3e%3c/path%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/svg%3e)
He added more recently. Permian production hit a record. Saudi Arabia wants to cut more oil and raise prices. Also, he's bullish China, because there's little downside going forward.