Chevron (NYSE:CVX) Stock Price Down 2.9% – Here’s Why

Posted by George Bondi on Sep 16th, 2026

Chevron Corporation (NYSE:CVX – Get Free Report)’s share price dropped 2.9% during mid-day trading on Wednesday . The company traded as low as $210.37 and last traded at $211.3970. Approximately 8,018,923 shares traded hands during trading, a decline of 24% from the average session volume of 10,563,875 shares. The stock had previously closed at $217.77.

Chevron News Summary

Here are the key news stories impacting Chevron this week:

Positive Sentiment: Chevron’s expanded Venezuelan joint ventures add Orinoco Belt acreage and improved fiscal, commercial and legal terms. The company plans to invest more than $7 billion over five years to increase production, potentially strengthening long-term cash flow if execution and Venezuelan operating conditions remain favorable. Will Chevron’s Expanded Venezuelan Oil Ventures Redefine Its Long-Term Cash Flow Narrative?
Positive Sentiment: Higher oil prices, fueled by attacks on Saudi energy infrastructure and concerns about supply disruptions, are supportive of Chevron’s upstream earnings and may improve the economics of its Venezuelan investments. Oil Crisis Worsens, Diesel Hits Record High
Positive Sentiment: The company is pursuing LNG opportunities in Argentina, the Mediterranean, Africa and Australia, targeting growing Asian demand. Diversification into gas could reduce reliance on crude prices over time. Chevron Targets Argentina, Mediterranean in Global LNG Push
Neutral Sentiment: Chevron’s strong downstream performance and a power agreement with Microsoft are being presented as potentially repeatable businesses less dependent on oil prices, though investors are assessing whether those benefits are already reflected in the valuation. Chevron Doesn’t Need Oil to Hit New Highs
Negative Sentiment: The planned Venezuelan spending commitment increases capital requirements and exposes Chevron to political, legal, operational and sanctions-related risks in a challenging oil-producing region. Investors may also be taking profits after the recent rally and 52-week high.
Negative Sentiment: Management’s warnings of a global fuel crisis highlight supply constraints but also raise concerns about geopolitical instability, refining disruptions and broader market volatility—factors that can pressure energy stocks despite higher oil prices. Chevron CEO Warns a Global Fuel Crisis Is Already Here

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Dbs Bank raised shares of Chevron to a “moderate buy” rating in a research note on Thursday, August 6th. UBS Group reissued a “buy” rating on shares of Chevron in a research note on Tuesday, June 23rd. Sanford C. Bernstein raised their price objective on shares of Chevron from $204.00 to $209.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. TD Cowen lifted their price objective on Chevron from $200.00 to $205.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Finally, Zacks Research downgraded Chevron from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Twenty equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $211.35.

View Our Latest Research Report on Chevron

Chevron Trading Down 2.9%

The firm has a market cap of $417.67 billion, a PE ratio of 20.27, a PEG ratio of 0.62 and a beta of 0.50. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.19. The stock’s fifty day simple moving average is $197.27 and its two-hundred day simple moving average is $191.24.

Chevron (NYSE:CVX – Get Free Report) last released its earnings results on Friday, July 31st. The oil and gas company reported $6.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.55 by $0.51. Chevron had a net margin of 9.57% and a return on equity of 11.09%. The firm had revenue of $67.20 billion during the quarter, compared to analyst estimates of $62.72 billion. During the same period last year, the business earned $1.77 earnings per share. The business’s revenue was up 57.4% on a year-over-year basis. On average, sell-side analysts forecast that Chevron Corporation will post 16.51 EPS for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were given a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Wednesday, August 19th. Chevron’s dividend payout ratio (DPR) is 68.26%.

Insider Buying and Selling

In other news, insider Andrew Walz sold 16,800 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $201.06, for a total value of $3,377,808.00. Following the sale, the insider directly owned 14 shares of the company’s stock, valued at approximately $2,814.84. This represents a 99.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Wirth sold 317,100 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $200.46, for a total value of $63,565,866.00. Following the transaction, the chief executive officer owned 26,308 shares of the company’s stock, valued at $5,273,701.68. The trade was a 92.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,152,582 shares of company stock valued at $225,853,661. 0.56% of the stock is owned by insiders.

Institutional Investors Weigh In On Chevron

A number of institutional investors have recently made changes to their positions in the company. Bullseye Investment Management LLC bought a new position in shares of Chevron during the second quarter worth about $255,000. Keystone Financial Planning Inc. increased its holdings in shares of Chevron by 228.8% in the 2nd quarter. Keystone Financial Planning Inc. now owns 81,844 shares of the oil and gas company’s stock worth $13,566,000 after acquiring an additional 56,954 shares during the period. Rench Wealth Management Inc. lifted its position in Chevron by 0.8% in the 2nd quarter. Rench Wealth Management Inc. now owns 33,778 shares of the oil and gas company’s stock valued at $5,599,000 after purchasing an additional 252 shares during the last quarter. Miramontes Capital LLC lifted its position in Chevron by 3.9% in the 2nd quarter. Miramontes Capital LLC now owns 15,410 shares of the oil and gas company’s stock valued at $2,554,000 after purchasing an additional 581 shares during the last quarter. Finally, Core Capital Management & Research inc. acquired a new position in Chevron during the 2nd quarter valued at about $2,541,000. Hedge funds and other institutional investors own 72.42% of the company’s stock.

About Chevron

(Get Free Report)

Chevron Corporation is an integrated energy company engaged in the exploration, production, transportation and sale of crude oil and natural gas. The company also manufactures and markets transportation fuels, lubricants, petrochemicals and additives through operations and brands that include Chevron, Texaco and Caltex.

Chevron’s upstream activities include oil and natural gas exploration and production, while its downstream business includes refining, fuel marketing, transportation and related energy services.