How is CVX valued relative to the market?

CVX currently trades at a trailing P/E of 20.44x and a forward P/E of 15.75x. The stock has a beta of 0.49, meaning it moves roughly less than the broader market on average. Valuation multiples should always be considered alongside earnings growth rate and sector context.

How profitable is CVX?

CVX reports a gross margin of 44.27%, an operating margin of 21.87%, a net profit margin of 9.83%. Return on equity stands at 12.23% and return on assets at 5.86%. These figures provide context for evaluating the quality and sustainability of the company's earnings relative to its peers.

Does CVX pay a dividend?

CVX pays an annual dividend of $7.12, representing a forward yield of 3.33%. The payout ratio is 67.18%, which indicates the share of earnings distributed to shareholders. The most recent dividend date was 2026-09-09. Dividend sustainability should always be evaluated alongside free cash flow trends.

What is the analyst price target for CVX?

Based on a consensus of 24 analysts, the median price target is $224.50, the most optimistic target is $243.00, the most conservative target is $175.00. At the current price of $205.15, the median target implies 9.4% upside. Analyst targets represent 12-month price expectations and should be considered alongside technical signals and momentum data.

CVX is held by 4 ETFs tracked by StockBotty. The largest allocations are in XLE (17.44%), DIA (2.76%), XOP (2.74%). Significant ETF ownership means institutional flows in and out of these funds can influence CVX's price action, particularly around rebalancing dates.

What is the current trend signal for CVX?

As of the most recent session, CVX closed at $205.15. The swing trend is negative with ADX at 26.2 (strong trend strength). Momentum is bearish and has been running for 13 days. A Golden Cross is in place. 30-day historical volatility is at 21.4%.

When was the last Trendchange signal for CVX and what is its historical edge?

The most recent Trendchange signal for CVX fired on 17.07.26 at $187.38. The position has been held for 27 trading days. 10-day return from entry: +2.63%. 20-day return: +0.99%. The historical edge of the signal system for CVX is +3.05% across 145 tracked signals. The best-performing entry bucket historically is the 15-20% range, averaging 18.3% at 10 days and 17.2% at 60 days.

CVX – Chevron Corporation

Energy | Oil & Gas Integrated | Website

Quick Stats

Trend Signal

$205.15

Last Close

Official EOD price – basis for all calculations

▼ Short

Swing Trend

Moving average structure confirms downtrend – bears in control

+3.05%

Signal Edge

Slim positive edge across 1 signals – treat with caution

26.2

Trend Strength (ADX)

Strong trend – directional signals reliable

Options Signals

14%

IV-Rank (52w)

Options are historically cheap – premium buying favored

40% / 60%

Call / Put Flow

Neutral flow – call and put activity roughly balanced

Last Trendchange Signal

17.07.26

Date

Signal entry date

$187.38

Entry Price

Closing price at signal date

27d

Days Held

Trading days since signal

+2.63%

+10d

Return after 10 trading days

+0.99%

+20d

Return after 20 trading days

+0.99%

+30d

Return after 30 trading days

+0.99%

+60d

Return after 60 trading days

Trend Overview

EMA21 Cross – Directional Shift Composite Score: +2 / 7

CVX has just crossed the 21-day EMA at $204.52, now trading above the line. Bulls have reclaimed a key reference. Whether this becomes a sustained move or a failed breakout depends on momentum confirming in the sessions ahead.

What to watch

The cross is a signal, not a confirmation. Watch for a successful retest of the EMA21 from above – that would be the higher-confidence entry.

Options Signal Highlight

LOW Strength 2 Long Straddle 📖 View full options analysis →

CVX Price Chart

Technical Trend Analysis

As of 07.10.2026 · Close: $205.15 · ATR14: $2.06

EMA21 Cross – Directional Shift Composite Score: +2 / 7

What to watch

The cross is a signal, not a confirmation. Watch for a successful retest of the EMA21 from above – that would be the higher-confidence entry.

Indicator	Signal	Detail
Swing Trend	▼ Short	Primary directional bias
Momentum	▼ Down · -13d	Strength: -0.24 – Rising
Trend Strength (ADX)	26.2 – Strong	ADX38: 14.6
Volatility (HV30)	21.4% – Calm	HV90: 23.9% \| HV180: 24.6%
Vola Compression	None	Normal range
MA Structure	Golden Cross ✓	Stack: Fully aligned – bullish stack
EMA21 Distance	~0 ATR – Near line	EMA21: $204.52
GD200 Extension	4.6 ATR – Normal	GD20: -0.7 \| GD50: 0.4 \| GD100: 3.0

📉 Downside Momentum Intensifying

Downward momentum active for -13 days and still building (-0.24). Selling pressure is not easing.

💪 Trend Strength – ADX14: 26.2 (Strong)

A strong and well-defined trend. ADX38: 14.6. Trend-following has clear edge here.

🔻 Volatility Calm

HV30: 21.4% | HV90: 23.9% | HV180: 24.6%. Short-term vol is below its 90-day average. Calmer conditions favour tighter setups.

⭐ Golden Cross – Long-term Bullish

Golden Cross in place. GD50 $203.48 above GD200 $187.51 by 8.52%. Long-term structure is bullish. MA stack: Fully aligned – bullish stack.

⚡ EMA21 – Fresh Cross

Price has just crossed the 21-day EMA at $204.52, now trading above. Often marks a near-term directional shift.

📐 Key Price Levels & ATR Distance

GD20: $207.95 (-0.7 ATR) | GD50: $203.48 (0.4 ATR) | GD100: $193.15 (3.0 ATR) | GD200: $187.51 (4.6 ATR). ATR14: $2.06.

Monthly Performance History

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2010	-8.80	-0.81	4.14	6.19	-9.99	-6.14	12.93	-3.89	5.58	0.80	0.25	10.34	19.72
2011	3.25	8.64	4.47	1.03	-2.27	0.34	-0.07	-5.45	-6.01	16.86	1.52	4.50	19.39
2012	-6.57	6.97	-2.32	-1.61	-8.37	9.42	3.53	2.31	4.81	-5.98	-4.36	3.33	1.28
2013	4.32	1.34	1.63	2.01	2.89	-4.63	5.73	-3.96	0.79	-1.12	4.63	2.10	16.88
2014	-10.08	4.69	3.55	5.49	-0.88	6.82	-1.00	2.06	-6.45	1.96	-5.91	0.41	-6.42
2015	-8.93	1.57	-0.88	5.98	-4.59	-6.00	-7.93	-4.19	0.88	15.99	-2.66	-2.73	-16.47
2016	-2.67	-0.93	10.76	8.40	-1.20	3.65	-1.60	2.55	2.71	2.25	5.82	3.89	38.37
2017	-5.51	2.32	-5.71	-1.02	-1.30	0.06	2.71	-1.88	8.03	-1.31	3.63	4.76	10.46
2018	-1.74	-9.98	1.78	11.46	0.42	2.08	1.62	-4.62	T 2.87	-10.23	T 8.03	T -9.84	-11.44
2019	T 3.59	2.03	0.94	-3.91	T -2.41	7.29	-1.39	-1.49	T 2.01	0.11	T 1.79	T 3.17	13.30
2020	-11.77	-11.15	-24.98	T 34.19	4.03	-3.84	-4.20	0.39	-13.33	-1.31	T 22.62	-3.43	-26.52
2021	T 0.57	T 17.36	2.68	-2.53	T -0.44	-1.79	-4.14	-3.50	T 6.00	9.75	-0.31	4.68	45.79
2022	10.12	7.95	8.76	-4.60	T 10.23	-17.89	11.78	T -0.63	-7.63	T 19.22	1.37	-1.64	55.92
2023	T 0.02	-5.35	0.69	T -0.81	-9.06	3.41	T 4.10	-0.74	2.63	T -12.50	-0.26	T 3.00	-1.80
2024	T -1.37	2.79	3.23	1.38	1.67	-0.66	T 2.52	-3.06	1.80	-0.59	5.79	-10.71	-3.10
2025	T 1.69	6.21	9.28	-19.26	0.32	3.88	4.17	6.08	-4.04	T 2.03	T -1.89	-0.09	3.89
2026	T 13.47	7.31	9.12	-2.08	-4.29	-10.80	T 18.79	6.71	-3.24	-0.94			31.59

T A T badge marks a Trendchange signal in that month. Hover for entry price.

CVX - Trendchange Chart

Trendchange Signal History

The last 10 Trendchange signals for CVX:

Date	Entry Price	Days Held	+10d	+20d	+30d	+60d
17.07.26	$187.38	27d	+2.63%	+0.99%	+0.99%	+0.99%
02.01.26	$155.90	53d	+6.58%	+13.47%	+17.86%	+29.28%
11.11.25	$156.24	6d	-0.91%	-0.91%	-0.91%	+0%
31.10.25	$157.72	1d	-3.03%	+0%	+0%	+0%
15.01.25	$158.33	12d	-1.67%	-5.77%	-5.77%	-5.77%
30.07.24	$159.57	8d	+0.56%	+0.56%	+0.56%	+0.56%
17.07.24	$161.23	2d	-3.82%	+0%	+0%	+0%
31.01.24	$147.43	33d	+2.15%	+3.33%	+3.33%	+3.33%
20.12.23	$150.25	12d	+0.27%	-0.5%	-0.5%	+0%
19.10.23	$169.10	4d	-1.34%	-1.34%	-1.34%	-1.34%

Signal Statistics - Historical Edge

Calculated edge for CVX: 3.05%

Range	N	10d	20d	30d	60d	Signal
15-20%	1	+18.3%	+10.89%	+15.28%	+17.2%	Hold
10-15%	1	+11.25%	+10.23%	+13.06%	+13.06%	Hold
7-10%	4	+8.84%	+14.23%	+11.19%	+9%	Close
5-7%	11	+5.93%	+8.01%	+10.47%	+11.42%	Hold
3-5%	12	+3.69%	+3.73%	+5.01%	+5.21%	Hold
1-3%	31	+1.92%	+2.78%	+3.23%	+3.25%	Hold
0-1%	20	+0.39%	+0.84%	+0.78%	+1.37%	Close
-1-0%	12	-0.5%	+0.25%	+0.63%	+0.88%	Neg
-3-1%	25	-1.87%	-1.35%	-1.2%	-0.28%	Neg
-5-3%	25	-3.8%	-2.9%	-2.88%	-1.03%	Neg
-7-5%	2	-6.51%	-3.22%	-3.22%	+0%	Neg
-10-7%	1	-8.46%	-8.46%	-8.46%	+0%	Neg

Exit Rules: Stoploss: -10% | Close if below 1% after 10 days

Signal data as of October 7, 2026

LOW ALERT ● Neutral Strength: 2

Options Metrics

IV-Rank (52w)

14%

Bottom 20% of the past 52 weeks – options are historically cheap. Conditions favor premium buyers (Long Call, Long Put).

Call / Put Flow

40% / 60%

Call and put premium are roughly balanced. No clear directional bias from options flow.

GEX (Mio.)

5,194,992.0

Positive GEX: market makers are long gamma. They buy dips and sell rallies, which suppresses volatility and keeps price in a range.

GEX Flip Strike

$187.50 · 8.6%

The GEX flip strike is the price level where dealer gamma exposure shifts from positive to negative. A break through this level often accelerates the move.

Max Pain

$205.00 · 0.1%

Max Pain is the price at which the most options contracts expire worthless. As expiration approaches, price often gravitates toward this level due to dealer hedging flows.

Spot Price

$205.15

Last traded price at signal calculation time

Gamma Exposure Timeline

Key GEX levels, Max Pain, and unusual activity across weekly and monthly expirations, plotted around the current spot price.

CVX GEX timeline showing put/call gamma pins, max pain and flip strike

Key GEX levels, Max Pain, Anchor, Ceiling and unusual activity across 14-30 DTE, plotted around the current spot price.

Put and call pins mark strikes where dealer gamma exposure concentrates. The GEX flip strike is where dealer hedging shifts from stabilizing (positive gamma) to amplifying (negative gamma) price moves. Max Pain is the strike where the most options expire worthless. Dashed markers flag unusual options activity. Learn how to use these signals in our options strategy guides →

Strategy Setups – You Decide

Based on current options data, one setup stands out. Each strategy has different risk/reward characteristics – the final decision is always yours.

Setup 1 of 1 Long Straddle Full guide →

Why this fits today

IV-Rank at 14% – buying both sides is cost-effective. A subsequent vol expansion or large move benefits both legs simultaneously.

Advantages

✓ Profits from any large directional move without needing to pick a side

✓ Buying when IV is historically cheap reduces the breakeven hurdle

✓ An unexpected vol expansion benefits both the call and put simultaneously

Risks

✕ Requires a significant move to recover the combined premium paid

✕ Theta decay accelerates as expiration approaches

✕ If the stock stays flat, both legs expire worthless

▶ FAQ: Long Straddle

What is a Long Straddle?

A Long Straddle buys a call and a put at the same strike and expiration. It profits from a large move in either direction. When IV is low, the premium cost is reduced, making the breakeven easier to reach on a directional move.

Why buy a straddle when IV is low?

Low IV means you are buying the options cheaply. If IV subsequently rises - due to an event or a directional move - both legs can gain value simultaneously, giving you a double benefit. The key is entering before the vol expansion.

All setups above are personal trade journal observations derived from options flow data. This is not financial advice. The decision to trade, and which strategy to use, is entirely yours.

View full options flow data and historical signals on the Options Flow Analysis Overview →

Valuation

Metric	Value
Market Cap	$416.19 B
PE Ratio (TTM)	20.44
Forward PE	15.75
PEG Ratio	0.95
EV/EBITDA	8.89
Price/Sales	1.99
Price/Book	2.19
Beta	0.49

Profitability

Metric	Value
Gross Margin	44.27%
Operating Margin	21.87%
Net Margin	9.83%
ROE	12.23%
ROA	5.86%

Dividends

Metric	Value
Annual Dividend	$7.12
Forward Yield	333.00%
Payout Ratio	67.18%
Dividend Date	2026-09-09

Analyst Consensus (24 Analysts)

Metric	Value
Median Target	$224.5
High Target	$243
Low Target	$175

About Chevron Corporation

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations. It operates through Upstream and Downstream segments. The Upstream segment engages in the exploration for, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; carbon capture and storage; and operation of a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels; transports crude oil and refined products through pipeline, marine vessel, motor equipment, and rail car; and manufactures and markets commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. The company operates in North America, South America, Europe, Africa, Asia, and Australia. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in May 2005. Chevron Corporation was founded in 1879 and is headquartered in Houston, Texas.

ETF Holdings

Chevron Corporation is included in 4 ETFs tracked by StockBotty.

ETF	Weight
XLE	17.44%
DIA	2.76%
XOP	2.74%
SPY	0.69%

Frequently Asked Questions – Chevron Corporation (CVX)

Disclaimer: All trade history on this page reflects the author's personal trading activity only. This is not financial advice. Past performance is not indicative of future results. See our full Disclaimer.