HSBC has upgraded Chevron Corp (CVX) from Hold to Buy as of November 30, 2025. The new rating reflects a more optimistic outlook on the company's prospects, suggesting improved fundamentals or better-than-expected business performance.
Chevron operates in the energy sector, providing administrative, financial management, and technology support for its operations. The company, headquartered in Houston, Texas, employs 45,298 full-time workers and engages in the production of crude oil and natural gas, alongside manufacturing transportation fuels, lubricants, and petrochemicals. With a market capitalization of $301.0 billion, Chevron reported a P/E (TTM) of 23.58 and an impressive dividend yield of 457.5%.
Looking ahead, Chevron's upcoming earnings reports are set for July 30, 2026, and April 30, 2026, with EPS estimates of $1.99 and $1.85, respectively. The company's recent earnings performance has shown variability, with Q3 2025 delivering an EPS of $1.85, surpassing estimates by 8.9%.
Analyst ratings provide valuable insights based on research and financial models, but they should be considered alongside other factors like company fundamentals and industry trends. The current analyst consensus for Chevron stands at 7 Strong Buy, 13 Buy, 11 Hold, and 1 Sell, indicating a general positive sentiment toward the stock.
This upgrade underscores HSBC's confidence in Chevron's strategic direction and market position, reflecting a broader trend among analysts who are increasingly optimistic about the energy sector's recovery.