Summer Sale
50% off Premium Yearly
NYSE:CVX
Chevron Texaco (CVX)
Financials 
Technical Analysis 
Aug 21, 2026, 12:00 amThis summary was created by AI, based on 10 opinions in the last 12 months.
Chevron Texaco (CVX-N) has received a mixed reception from experts, highlighting its disciplined capital allocation and strong balance sheet. While several reviews praise the company's growth and rising dividends, others express caution about recent performance and overall oil market conditions. The stock trades at 11x EBITDA and boasts a double-digit free cash flow, along with a competitive dividend yield between 3.8% and 4.5%. However, some analysts advise against purchasing at this time, citing recent rallies fueled by geopolitical developments and a potential slowdown in oil prices. The overall sentiment leans towards cautious optimism, with varying opinions on the stock's valuation and performance prospects as the energy market remains volatile.
;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 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)
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)