NYSE:CVX
Chevron Texaco (CVX)
Financials 
Technical Analysis 
Aug 1, 2026, 12:00 amThis summary was created by AI, based on 10 opinions in the last 12 months.
Chevron Texaco (CVX-N) has received mixed reviews from various experts, with many acknowledging its strong balance sheet, disciplined capital allocation, and consistent dividend growth. Some experts view it positively due to its recent performance, free cash flow generation, and the potential benefits it could reap from operations related to Venezuela. However, there are concerns about the stock's recent rally and its valuation, as some believe it trades at a premium and warn against the euphoria surrounding potential gains from the Venezuelan market. Additionally, not all experts are fans of oil stocks in general, pointing to a lack of growth in the energy sector. Overall, while there are positive sentiments towards CVX-N, caution is advised due to the volatility within the energy cycle and uncertain market conditions.
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Premium 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
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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)