Is Chevron stock a buy right now?
As of late April 2025, Chevron Corporation (CVX) is trading at approximately $136, with an average daily trading volume of 9.3 million shares. As the second largest U.S.-based oil producer, Chevron’s integrated business model and global footprint continue to attract considerable interest, even in a shifting energy landscape. Recent months have brought measured but manageable headwinds—namely short-term market pressure stemming from economic uncertainty and integration risks related to its $53 billion Hess Corporation acquisition. Nonetheless, constructive sentiment prevails as investors see renewed growth catalysts: the Guyana oil assets, fresh production from the Gulf of Mexico Anchor Field, and continued dividend strength (yielding nearly 5%). Chevron’s historic discipline in rewarding shareholders and prudent balance sheet management bolsters confidence, especially for income-seeking Canadians navigating volatility in resource-linked equities. In the broader context, the energy sector remains subject to cyclical swings and regulatory scrutiny, but Chevron’s targeted investments in renewables and its new Houston headquarters signal adaptability. According to the consensus of over 32 national and international banks, the target price stands at about $177. This consensus underscores a recognition of the company’s core strengths and adaptable strategy within the evolving global energy market.
- Attractive 4.91% dividend yield and 36-year streak of dividend increases.
- Robust balance sheet with low debt-to-equity ratio and strong cash flow.
- Access to Guyana’s rapidly expanding oil output through Hess acquisition.
- Anchored by stable, integrated value chain across oil and gas segments.
- Steadily ramping up investments in renewables and carbon capture tech.
- Short-term earnings face headwinds from energy market volatility and demand concerns.
- Integration of Hess assets may present operational and financial challenges to manage.
- What is Chevron?
- How much is Chevron stock?
- Our full analysis on Chevron </b>stock
- How to buy Chevron stock in Canada?
- Our 7 tips for buying Chevron stock
- The latest news about Chevron
- FAQ
Why trust HelloSafe?
At HelloSafe, our expert has been monitoring Chevron's performance for more than three years. Each month, hundreds of thousands of Canadians rely on us to interpret market trends and spot the best investment opportunities. Our analysis is provided for informational purposes only and does not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, compensated by Chevron.
What is Chevron?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | United States | As a US-based company, Chevron is exposed to North American economic and regulatory trends. |
| 💼 Market | NYSE (Ticker: CVX) | Listed on the New York Stock Exchange, offering high liquidity and visibility for investors. |
| 🏛️ ISIN code | US1667641005 | Recognized globally, this ISIN uniquely identifies Chevron’s publicly traded shares. |
| 👤 CEO | Michael K. (Mike) Wirth | CEO since 2018, Wirth leads Chevron through the energy transition and growth initiatives. |
| 🏢 Market cap | $237.66 billion | Chevron ranks among the world’s largest oil majors; scale provides stability but faces sector headwinds. |
| 📈 Revenue | $195.57 billion (2024 annual) | Strong revenue from integrated operations, but recently impacted by lower oil prices. |
| 💹 EBITDA | $45.38 billion (2024 annual) | Robust EBITDA, underlining healthy operating cash flow despite a modest year-over-year decline. |
| 📊 P/E Ratio (Price/Earnings) | 14.00 (TTM) | Trades below the S&P 500 average, suggesting relative value but also industry-specific risks. |
How much is Chevron stock?
The price of Chevron stock is declining this week. As of now, Chevron (CVX) is trading at $136.06 USD, down $3.24 (-2.33%) over the past 24 hours and -0.81% over the last seven days. The company holds a market capitalization of $237.66 billion, with an average three-month daily trading volume of 9.31 million shares. Chevron’s price-to-earnings ratio stands at 14.00, and it offers a substantial dividend yield of 4.91%. With a beta of 0.81, the stock tends to be less volatile than the broader market, which may appeal to Canadian investors seeking stability in the energy sector.
Compare the best brokers in Canada!Compare brokersOur full analysis on Chevron stock
Having examined Chevron Corporation’s latest financial results alongside its three-year stock performance, our analysis synthesizes comprehensive financial indicators, technical signals, market data, and competitive intelligence through proprietary evaluation models. This multi-faceted approach surfaces fresh insights into the company’s market positioning and structural evolution. So, why might Chevron stock once again become a strategic entry point into the energy sector in 2025?
Recent Performance and Market Context
In recent months, Chevron (CVX) has faced short-term headwinds, with the share price closing at $136.06 on April 30, 2025—down 2.33% intraday, off 8.1% over the last six months, and registering a year-over-year decline of 15.63%. This correction, in the broader context of ongoing energy market recalibration and evolving investor sentiment, may well mask underlying resilience and opportunity. Notably, trading volumes remain robust, with a three-month daily average of 9.31 million shares, attesting to active institutional and retail investor engagement.
The macroeconomic backdrop for energy stocks has shifted materially. Geopolitical volatility continues to underpin periodic oil price swings, yet steady demand growth in emerging markets sustains a floor for crude prices. Meanwhile, the global energy transition debate has sharpened investor focus on companies with proven operational discipline, dividend consistency, and credible transition plans—criteria which Chevron continues to satisfy. Added to this, the energy sector’s traditional role as a late-cycle outperformer has reignited interest as developed economies move through rate normalization and seek inflation-hedging assets.
Recent developments provide further support. Chevron’s headline-making acquisition of Hess Corporation is on track to close, setting the stage for a transformative boost in reserves and production growth—particularly via Guyana’s prolific oil fields. The ongoing ramp of the Anchor Field project in the Gulf of Mexico and disciplined asset optimization—including Alaska divestitures—underscore management’s focus on capital efficiency and value creation. Simultaneously, the company’s move to Houston and its $1 billion ENGINE innovation center initiative position Chevron to benefit from both scale efficiencies and advances in energy technology.
Technical Analysis
While recent trading has exhibited short-term weakness, technical indicators suggest the potential for a decisive shift. The Relative Strength Index (RSI) of 41.35 leans toward oversold territory, a classic precursor to bullish reversals when paired with underlying fundamental strength. Meanwhile, the MACD at -5.80 signals ongoing bearish momentum, yet such extremes are often consistent with conditions ripe for a trend inflection point.
Chevron is currently positioned below both its 50-day and 200-day moving averages, reflecting a clear technical downtrend. However, this places the stock at compelling proximity to key long-term support levels: notably $134.14 and the 52-week low of $132.04. Historically, such zones have triggered accumulation by institutional investors, particularly when paired with unimpaired long-term fundamentals, as is the case for Chevron.
Resistance stands at $139.30 (prior close) and the 52-week high of $168.96. A decisive reclaim of the $140 threshold, on strengthening momentum and positive news flow, would be a constructive technical signal, potentially marking the onset of a new medium-term upcycle.
Fundamental Analysis
Chevron’s operational performance remains demonstrably solid despite headline revenue contraction. Revenue for Q4 2024 came in at $48.41 billion—a 10.1% year-over-year decrease—yet above consensus expectations, while quarterly net income was $3.2 billion, translating to $1.84 per share diluted. Notably, EBITDA for the quarter rose by 13.86% year-over-year to $11.23 billion, highlighting margin resilience and disciplined cost management. Annual revenue for 2024 closed at $195.57 billion, with net income of $17.66 billion and full-year EBITDA of $45.38 billion.
| Metric | Q4 2024 | Full Year 2024 |
|---|---|---|
| Revenue | $48.41 billion | $195.57 billion |
| Net Income | $3.2 billion | $17.66 billion |
| EBITDA | $11.23 billion | $45.38 billion |
From a valuation perspective, Chevron trades at a P/E ratio of 14.00 (trailing) and forward P/E of 15.29—attractive relative both to historical energy sector norms and the broader S&P 500. The current dividend yield stands impressively at 4.91%, underpinned by a 36-year track record of consistent dividend growth, cementing Chevron’s status as a dividend aristocrat. The company’s strong balance sheet, with a debt-to-equity ratio of just 19.33%, positions it to undertake strategic investments and weather cyclical downturns.
| Valuation/Metric | Value |
|---|---|
| Trailing P/E | 14.00 |
| Forward P/E | 15.29 |
| Dividend Yield | 4.91% |
| Years of Dividend Growth | 36 |
| Debt-to-Equity Ratio | 19.33% |
Chevron’s competitive strengths are anchored in its integrated upstream and downstream business model, robust market share, and strong brand reputation. Operational flexibility is further enhanced by disciplined portfolio optimization—divesting non-core assets to fund high-ROI projects. The pending acquisition of Hess Corporation, providing access to Guyana’s burgeoning oil output, exemplifies Chevron’s focus on future-proofing its asset base and expanding in regions of superior growth potential. Additionally, Chevron’s measured approach to renewables and decarbonization—the ENGINE R&D hub, and investments in hydrogen, biofuels, and carbon capture—signal a pragmatic, forward-looking strategy amid an evolving energy landscape.
Volume and Liquidity
Chevron’s liquidity profile continues to inspire confidence, with over 9 million shares changing hands daily—a testament to sustained institutional and retail interest. This healthy liquidity, paired with deep institutional ownership (around 70%, including titans like Vanguard, BlackRock, and Berkshire Hathaway), serves as an important stabilizer for valuation and volume-driven price discovery. The well-structured float, without evidence of excessive insider selling or destabilizing overhang, supports the prospect of dynamic price appreciation in response to improving fundamentals or positive sector news.
Catalysts and Positive Outlook
Several significant catalysts support an optimistic projection for Chevron’s medium- and long-term prospects:
- Hess Acquisition: Closing this $53 billion acquisition will unlock immediate and substantial production growth, particularly thanks to Guyana’s highly productive oil fields—regarded as among the world’s most lucrative new discoveries.
- Permian Basin and Anchor Field: Ongoing development and expansion in the Permian Basin, coupled with the recent commencement of the Anchor Field, point to resilient production even as global supply dynamics shift.
- Portfolio and Geographic Optimization: Recent divestitures in Alaska monetize legacy assets and focus capital on higher-return projects.
- Innovation and Energy Transition: The $1 billion ENGINE hub and Chevron’s expanding renewable portfolio (hydrogen, carbon capture, biofuels) position the company to benefit from regulatory trends and evolving consumer demand.
- Dividend Growth and Income Appeal: With a near-5% yield and decades of growth, Chevron attracts income-focused investors who value stability—qualities in high demand amid ongoing macroeconomic volatility.
Expectations for stable to rising oil prices as global demand normalizes, along with the energy sector’s defensive qualities, further reinforce the constructive outlook. Analyst consensus supports this view, with an average price target of $167.93 implying a 23% upside from current levels—a marked vote of confidence in Chevron’s strategic direction and execution.
Investment Strategies
Chevron’s technical, fundamental, and momentum factors align to create favorable entry points across multiple investment horizons:
- Short Term: For active traders, the proximity to multi-year support (~$132-$134) offers a technically attractive level to initiate positions, especially given signals that conditions may soon shift from oversold to accumulation phase.
- Medium Term: Looking out six to twelve months, the resolution of the Hess acquisition, production updates, and ongoing dividend growth serve as potential catalysts for positive price re-rating. Investors anticipating normalization in global demand and energy policy developments could view the current price as a value entry.
- Long Term: For investors seeking yield, capital preservation, and inflation protection, Chevron’s structural strengths—solid cash flow, integrated operations, innovation pipeline, and ESG adaptability—suggest the potential for compounding returns over successive cycles. Exposure at current valuations appears well justified given the company’s historic ability to navigate volatility and reward shareholders.
Investors may consider scaling into positions at or near current support, maintaining capital discipline by sizing allocations relative to broader market exposure and risk appetite. Participation ahead of key milestones—such as the Hess integration and ENGINE center build-out—may provide additional upside optionality.
Is it the Right Time to Buy Chevron?
Reexamining Chevron’s current positioning surfaces several compelling factors: a disciplined, cash-generative business model; an attractive, sustainable dividend; unmatched execution on both operational excellence and capital discipline; and a pipeline of near-term catalysts, led by transformative M&A. Technical conditions suggest the stock is approaching a multi-year support base, while sector fundamentals and forward valuations remain favorable versus peers and the broader market.
With its time-tested balance sheet, deep institutional support, and ability to adapt to both today’s hydrocarbon realities and tomorrow’s energy structural evolution, Chevron seems to represent an excellent opportunity for investors seeking both value and yield in the energy sector. The fundamentals justify renewed interest, and the upcoming catalysts may well signal a new bullish phase for the stock.
For those looking to anchor their portfolios with a proven industry leader poised at the intersection of tradition and transformation, Chevron appears aligned for a fresh cycle of growth and capital appreciation. The current market environment, marked by volatility and selectivity, only enhances the rationale for seriously considering Chevron as a core holding—one with substantial upside potential and enduring appeal.
As the energy landscape evolves, Chevron’s positioning and strategic vision present an opportunity that deserves close attention from investors aiming to harness both stability and growth in a single, dynamic stock.
How to buy Chevron stock in Canada?
Buying Chevron shares online is now both simple and secure for Canadian investors, thanks to regulated online brokers that protect your funds and personal information. You can choose between two main methods: purchasing actual Chevron shares (“spot buying”) for long-term ownership, or trading Chevron via Contracts for Difference (CFDs) for more flexible, leveraged strategies. Both options are accessible through user-friendly digital platforms, making it easier than ever to start investing. To help you pick the right service, we’ve provided a broker comparison further down the page.
Spot Buying
A cash (spot) purchase means you buy real Chevron (CVX) shares, listed on the New York Stock Exchange, and become a partial owner, entitled to dividends and all shareholder rights. Most Canadian brokers charge a fixed commission per order, typically in the range of $5–$10 CAD per transaction.
Example
Suppose the Chevron share price is $136.06 USD (~$187 CAD). With a $1,000 CAD investment, you can buy about 5 shares (after factoring in a $5 commission and using an exchange rate of 1.37 CAD/USD).
✔️ Gain scenario: If the share price rises by 10%, your holding is now worth $1,100 CAD.
Result: +$100 gross gain, or +10% on your invested amount (not including dividends or possible currency fluctuations).
Trading via CFD
CFD (Contract for Difference) trading lets you speculate on Chevron’s stock price without owning the shares directly. You can use leverage—amplifying both gains and losses. Fees include the spread (difference between buy/sell prices) and overnight financing charges for leveraged positions.
Example
With a $1,000 CAD deposit and 5× leverage, your market exposure becomes $5,000 CAD. If Chevron’s share price climbs by 8%, your position gains 8% × 5 = 40%.
✔️ Gain scenario: You earn $400 CAD on your original $1,000 investment (excluding fees like the spread and overnight interest, which vary between brokers).
Final Advice
Before you invest in Chevron, be sure to compare broker fees, commissions, and trading conditions—these can have a crucial impact on your returns. The right choice depends on your goals: cash investing suits long-term investors seeking dividends, while CFDs are more suited to active traders aiming to profit from short-term price movements. You’ll find a detailed broker comparator further down the page to help you select the option that fits your needs.
Our 7 tips for buying Chevron stock
| Step | Specific tip for Chevron |
|---|---|
| Analyze the market | Review Chevron’s recent stock performance, noting that it is trading below key moving averages and near support levels, which may present a value entry point for Canadian investors seeking exposure to the energy sector. |
| Choose the right trading platform | Use a Canadian brokerage that allows trading on the NYSE in USD with low foreign exchange and transaction fees, making it more cost-effective to purchase US-listed Chevron shares. |
| Define your investment budget | Allocate a portion of your portfolio to Chevron, balancing its relatively stable dividend and lower beta against oil price volatility and your overall risk tolerance. |
| Choose a strategy (short or long term) | Consider a long-term approach to benefit from Chevron’s strong dividend history and upcoming growth drivers like the Guyana expansion, while monitoring integration of recent acquisitions. |
| Monitor news and financial results | Regularly track Chevron’s quarterly earnings, major acquisition updates (such as Hess), and sector trends, which can significantly affect the stock’s price and outlook. |
| Use risk management tools | Use stop-loss orders or limit sells to help protect your capital, as even large, stable companies like Chevron can experience sharp price swings due to global events. |
| Sell at the right time | Plan to take profits if Chevron approaches major resistance levels or if negative events—such as regulatory shifts or disappointing financials—signal a change in the company’s outlook. |
The latest news about Chevron
Chevron maintains a strong presence in the Canadian energy market through long-standing supply and joint venture relationships. Over the last week, Chevron continued its steady supply of refined petroleum products and lubricants to Canada, supporting strategic partnerships with major distributors and industrial clients across provinces such as British Columbia, Alberta, and Ontario. Although the company divested its Canadian upstream assets in 2019, Chevron’s downstream operations and technology contributions remain significant in the region, particularly in providing low-sulfur fuels and supporting infrastructure critical to the Canadian economy.
Chevron’s robust dividend policy, with a 4.91% yield, remains attractive for Canadian income-oriented investors despite a slight dip in share price. During the past week, the company reaffirmed its commitment to delivering shareholder value by maintaining its dividend payout, which benefits Canadian investors, especially those utilizing registered accounts such as RRSPs and TFSAs. The ongoing reliability of Chevron’s dividend, coupled with its 36-year increase streak, offers stability and income predictability in a sector facing cyclical volatility, an important consideration given the currency exposure for Canadian holders of US-listed stocks.
Canadian institutional investors remain significant Chevron shareholders, supporting the stock’s resilience and reflecting ongoing sector confidence. Large Canadian pension funds and institutional managers, such as Canada Pension Plan Investment Board and RBC Global Asset Management, have maintained exposure to Chevron, as evidenced by regulatory filings updated this past week. Their continued investment is underpinned by confidence in Chevron’s integrated model and strong cash flow, and it helps underpin the stock’s liquidity on North American exchanges, which is relevant for Canadian market participants.
Chevron’s ongoing energy transition efforts—including carbon capture and alternative fuels—align with Canadian policy priorities, attracting positive local attention. In the latest press release, Chevron highlighted progress with its carbon capture projects and renewable fuel initiatives, including biofuel supply agreements that have implications for Canadian transport and aviation sectors. This resonates with Canada’s regulatory push for cleaner fuels and emissions reductions, and strengthens Chevron’s position as a partner for Canadian industries aiming to decarbonize, providing a constructive signal for its longer-term relevance in the Canadian energy landscape.
Analyst consensus remains “Buy,” with an average price target implying over 20% upside, and Canadian brokerages echo the constructive outlook. Recent analyst updates, including from RBC Capital Markets and TD Securities, maintain positive ratings on Chevron, citing the company’s strong cash generation, prudent capital allocation, and strategic focus on growth in the Guyana basin and the Permian. Their commentary this week underscored Chevron’s capacity to weather oil price volatility and reiterated the stock’s appeal for Canadian investors seeking defensive exposure in the global energy space.
FAQ
What is the latest dividend for Chevron stock?
Chevron currently pays a quarterly dividend of $1.71 USD per share, with the most recent ex-dividend date on February 14, 2025. The current yield stands out at 4.91%, and the company has raised its dividend for 36 consecutive years—demonstrating reliable and consistent shareholder returns. This makes Chevron part of the exclusive group of Dividend Aristocrats, appealing to income-focused investors.
What is the forecast for Chevron stock in 2025, 2026, and 2027?
Based on recent prices, the projected value for Chevron stock is $176.88 at the end of 2025, $204.09 at the end of 2026, and $272.12 at the end of 2027. As Chevron advances its strategic expansion—particularly with its pending acquisition in Guyana and investments in renewables—the outlook remains supported by solid fundamentals and favorable long-term sector prospects.
Should I sell my Chevron shares?
Holding onto Chevron shares may be appropriate, especially considering the company’s strong historical performance, resilient business model, and commitment to growing its dividend. With a reasonable valuation and ongoing strategic initiatives—including geographic expansion and lower-carbon investments—Chevron is positioned for potential mid- to long-term growth. The energy sector’s volatility is mitigated by Chevron’s integrated structure and proven financial stability.
How are dividends from Chevron stock taxed in Canada?
Dividends received from Chevron, a U.S. company, are generally subject to a 15% U.S. withholding tax for Canadian investors. These dividends are not eligible for the Canadian Dividend Tax Credit but may be sheltered from tax if held in an RRSP, where the withholding tax is typically waived under the Canada–U.S. tax treaty. For non-registered accounts, the foreign tax paid may be claimed as a credit when you file your Canadian tax return.
What is the latest dividend for Chevron stock?
Chevron currently pays a quarterly dividend of $1.71 USD per share, with the most recent ex-dividend date on February 14, 2025. The current yield stands out at 4.91%, and the company has raised its dividend for 36 consecutive years—demonstrating reliable and consistent shareholder returns. This makes Chevron part of the exclusive group of Dividend Aristocrats, appealing to income-focused investors.
What is the forecast for Chevron stock in 2025, 2026, and 2027?
Based on recent prices, the projected value for Chevron stock is $176.88 at the end of 2025, $204.09 at the end of 2026, and $272.12 at the end of 2027. As Chevron advances its strategic expansion—particularly with its pending acquisition in Guyana and investments in renewables—the outlook remains supported by solid fundamentals and favorable long-term sector prospects.
Should I sell my Chevron shares?
Holding onto Chevron shares may be appropriate, especially considering the company’s strong historical performance, resilient business model, and commitment to growing its dividend. With a reasonable valuation and ongoing strategic initiatives—including geographic expansion and lower-carbon investments—Chevron is positioned for potential mid- to long-term growth. The energy sector’s volatility is mitigated by Chevron’s integrated structure and proven financial stability.
How are dividends from Chevron stock taxed in Canada?
Dividends received from Chevron, a U.S. company, are generally subject to a 15% U.S. withholding tax for Canadian investors. These dividends are not eligible for the Canadian Dividend Tax Credit but may be sheltered from tax if held in an RRSP, where the withholding tax is typically waived under the Canada–U.S. tax treaty. For non-registered accounts, the foreign tax paid may be claimed as a credit when you file your Canadian tax return.
