Wells Fargo has initiated coverage on Chevron Corp (CVX) with an Overweight rating, marking the firm's first assessment of the company's investment potential. This decision reflects an analysis of Chevron's business, industry dynamics, and growth prospects.
Headquartered in Houston, Texas, Chevron Corp operates in the energy sector, employing 45,298 full-time employees. The company is involved in the production of crude oil and natural gas, as well as the manufacturing of transportation fuels, lubricants, and petrochemicals. Its business segments include Upstream, which focuses on exploration and production, and Downstream, which encompasses refining and marketing activities.
As of October 16, 2025, Chevron's stock is priced at $156.24, with a market capitalization of $318.5 billion. The company has a trailing twelve months (TTM) price-to-earnings (P/E) ratio of 24.95 and earnings per share (EPS) of 7.08. Notably, Chevron's dividend yield stands at an impressive 447.2%.
Upcoming earnings reports are scheduled for April 29, 2026, with an EPS estimate of $1.82 and revenue expected to reach $46.9 billion, followed by a report on July 29, 2026, with an EPS estimate of $2.51 and revenue of $50.1 billion.
Analyst ratings, such as this one from Wells Fargo, provide insights based on extensive research and financial modeling. However, they are informed by assumptions that may not always materialize. Investors are encouraged to consider various factors, including company fundamentals and market conditions, when making decisions. Analyst opinions can change as new information emerges, and differing views may exist among analysts covering the same company.