Chevron Corporation (NYSE:CVX) will release its fourth-quarter financial results, before the opening bell, on Friday, Jan. 31, 2025.
Analysts expect the San Ramon, California-based company to report quarterly earnings at $2.11 per share, down from $3.45 per share in the year-ago period. Chevron projects quarterly revenue of $48.41 billion, compared to $47.18 billion a year earlier, according to data from Benzinga Pro.
Chevron recently disclosed that its 50% owned affiliate, Tengizchevroil LLP (TCO), has begun oil production at the Future Growth Project (FGP) in Kazakhstan’s Tengiz oil field.
Chevron shares gained 0.4% to close at $156.32 on Thursday. .
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
- Raymond James analyst Justin Jenkins maintained an Outperform rating and raised the price target from $175 to $180 on Jan. 17, 2025. This analyst has an accuracy rate of 77%.
- Truist Securities analyst Neal Dingmann maintained a Hold rating and boosted the price target from $160 to $164 on Jan. 13, 2025. This analyst has an accuracy rate of 67%.
- Piper Sandler analyst Ryan Todd maintained an Overweight rating and cut the price target from $184 to $173 on Dec. 19, 2024. This analyst has an accuracy rate of 68%.
- Wells Fargo analyst Roger Read maintained an Overweight rating and boosted the price target from $171 to $188 on Dec. 9, 2024. This analyst has an accuracy rate of 65%.
Considering buying CVX stock? Here’s what analysts think:
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