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CVX · NYSE · STOCK

Chevron (CVX) Stock Analysis

Energy Updated August 23, 2026
$205.21
52W $146.49 – $214.71
67/100
$408.76B
19.6
0.49
AI Committee Verdict
Buy
67/100
Conviction: High · 83% agreement · 6 analysts
+4.6%
-13.4%
0.34:1
High
Buy rating, but near-term risk/reward is unfavorable
The long-term recommendation is based on the composite investment score. The near-term risk/reward is based on nearby support and resistance levels. These can differ when a strong company trades close to resistance with support further below.

Is CVX Bullish or Bearish?

Bullish. Innellis AI committee rates Chevron Corporation (CVX) Buy with a composite score of 67/100 , based on 6 analysts with 83% agreement. Last updated August 23, 2026.

What Would Change This View

Upgrade to Strong Buy
Requires a committee score of 75.0 — +8.00 from today. Applies on the first day at or above the line; upgrades are never dampened.
Downgrade to Watch
Requires the score to fall below 55.0 — -12.00 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.

Executive Summary

The primary driver is low leverage (debt-to-equity 0.22) -- balance sheet can absorb a shock. Most analysts agree, and no major concerns are blocking a stronger rating.

Bull & Bear Case

Bull Case
  • Dividend yield of 4.2% pays you to wait — Value
  • EPS growing 34.6% YoY — Growth
  • 5 consecutive earnings beats -- consistent execution — Growth
  • Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
  • Price structure making higher highs and higher lows — Technical
  • MACD histogram positive -- bullish momentum — Technical
Bear Case
  • RSI at 74 is in overbought territory — Technical
Both cases are generated from quantitative data signals, not qualitative or forward-looking judgement. They summarise what the numbers say today.
Price History (6M)

AI Investment Committee

Committee Consensus As of August 23, 2026
Overall Committee Score
67/100
Agreement
83%
Analysts
6
Conviction
High
Sector Rank
Top 3%
of 93 Energy peers
Value Analyst bullish
62 / 100 · Moderate confidence
Classic value case: cheap on multiples with earnings power to back it up
+ Dividend yield of 4.2% pays you to wait
Growth Analyst bullish
79 / 100 · High confidence
Strong, accelerating growth with consistent execution
+ EPS growing 34.6% YoY
Technical Analyst bullish
61 / 100 · High confidence
Price action is constructive -- trend and momentum agree
+ Price structure making higher highs and higher lows
− RSI at 74 is in overbought territory
Risk Analyst bullish
80 / 100 · Low confidence
Risk profile is manageable -- leverage, volatility, and event exposure all look contained
+ Low leverage (debt-to-equity 0.22) -- balance sheet can absorb a shock
Macro Analyst bullish
65 / 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst neutral
55 / 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager neutral
45 / 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 3069.37)
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Investment Thesis Evolution

Committee score moved marginally from 67.4 to 67.0.

Comparing 2026-08-22 to 2026-08-23 (1 day apart).

Technical Analysis

RSI (14)
74.5
Overbought
MACD Histogram
0.909
Bullish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Hh Hl
Support
$177.77
Resistance
$214.65
Bollinger %B
0.85
Inside Bands
Price vs Moving Averages
EMA 9
$201.88 Above
EMA 21
$196.60 Above
EMA 50
$190.73 Above
EMA 200
$179.96 Above

Fundamental Analysis

Valuation
91
Growth
95
Profitability
37
Financial Health
73
Cash Flow
70
Valuation
P/E Ratio 19.6×
P/B Ratio 2.13×
PEG Ratio 0.57
Dividend Yield 3.44%
52W High $214.71
52W Low $146.49
Quality & Growth
ROE 659.6%
ROA 379.6%
Gross Margin 3099.6%
Operating Margin 1582.8%
Revenue Growth YoY
Debt / Equity 0.20
AI Fundamental Assessment
P/E ratio of 19.6 (inexpensive relative to a 15-40x range); Price-to-book of 2.1x; PEG ratio of 0.6 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 6.6%; Return on assets of 3.8%; Net margin of 9.9%; Gross margin of 31.0%; Current ratio of 1.36 (tight short-term liquidity); Debt-to-equity of 0.20; Free cash flow per share is positive (13.71); Most recent quarter beat estimates by 7.9%; 5 consecutive earnings beats; EPS growth accelerating (-7.2% -> +329.8% QoQ); Average YoY EPS growth of 242.4%; Analyst estimates rising over recent quarters
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