Chevron Corporation (CVX) earnings on May 1, 2026
More Chevron Corporation earnings
Prior outlook: Pessimistic Outcome: Partial
CVX stock saw a positive reaction following its announcement. The price increased throughout the day, closing higher.
CVX price around the earnings
192.28
Change: +0.9%
2026-05-04, 20:00 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Partial
- Thesis published
Weak trend, but oversold and strong earnings history.
The stock shows ongoing weak price action and negative momentum, but analysts are positive and the company has a perfect record of beating earnings expectations. The stock is also currently oversold near a support level.
Context analyzed before publication
- Summary
- Weak trend, but oversold and strong earnings history.
- Reasoning
- The stock shows ongoing weak price action and negative momentum, but analysts are positive and the company has a strong recent record of beating earnings expectations. The stock is also currently oversold near a support level.
- Playbook
- The oversold condition and strong earnings track record present an optimistic scenario for the company's long-term prospects. However, the technical picture is a key factor for a potential trend reversal.
- Trend
- Weak price action, negative momentum, oversold near support.
Analysts
Drivers
-
Analysts
Positive
Analysts cite price targets suggesting the stock is undervalued.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.84
- Analysts covering the stock
- 23
- Average price target
- 212.3
- Lowest price target
- 165
- Highest price target
- 236
- Upside to price target
- 9.8%
- Quarterly earnings growth
- -14.5%
- Revenue growth
- -8.2%
- Forward EPS
- 11.73
- Trailing EPS
- 6.63
- Analyst moves in the last 60 days
- 10
- Strong buy: 5
- Buy: 13
- Hold: 6
- Sell: 1
- Strong sell: 0
- Strong buy
- 5
- Buy
- 13
- Hold
- 6
- Sell
- 1
- Strong sell
- 0
- April 22, 2026 · Scotiabank: Maintains rating (Sector Perform → Sector Perform)
- April 17, 2026 · BNP Paribas: Upgrades rating (Neutral → Outperform)
- April 13, 2026 · RBC Capital: Maintains rating (Outperform → Outperform)
- April 9, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
- April 2, 2026 · Citigroup: Maintains rating (Buy → Buy)
- March 27, 2026 · Morgan Stanley: Maintains rating (Overweight → Overweight)
- March 17, 2026 · Mizuho: Maintains rating (Outperform → Outperform)
- March 16, 2026 · Barclays: Maintains rating (Equal-Weight → Equal-Weight)
- March 12, 2026 · Piper Sandler: Maintains rating (Overweight → Overweight)
- March 2, 2026 · Citigroup: Maintains rating (Buy → Buy)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (4)
- Apple, Exxon Mobil And 3 Stocks To Watch Heading Into Friday — Benzinga
- Chevron, ExxonMobil Q1 Earnings Preview: Will High Gas Prices Overshadow Quarterly Results? — Benzinga
- How To Earn $500 A Month From Chevron Stock Ahead Of Q1 Earnings — Benzinga
- Chevron Strikes MoU With Libya's National Oil Corp. To Mull Shale Oil, Gas Resources — Benzinga
Technicals
Drivers
-
Technical
Positive
The stock price is currently low compared to recent market review levels and is near a price point where it has found support before.
Evidence
- Average true range (ATR)
- 2.5%
- Distance to 52-week high
- -10.0%
- 14-day change (14d)
- +0.9%
- 30-day change
- -3.9%
- 30-day relative strength
- -12.5%
- Benchmark change
- +8.6%
- Nearest support
- 177.77
- Nearest resistance
- 214.65
- Volume accumulation ratio
- 0.8
Trends
Evidence
- Average earnings surprise
- +4.2%
- January 30, 2026: actual EPS 1.52 vs estimate 1.44 (surprise +5.2%)
- October 31, 2025: actual EPS 1.85 vs estimate 1.71 (surprise +8.4%)
- August 1, 2025: actual EPS 1.77 vs estimate 1.74 (surprise +1.7%)
- May 2, 2025: actual EPS 2.18 vs estimate 2.15 (surprise +1.3%)
Expected move
Drivers
-
Past earnings
Positive
The company has consistently exceeded earnings expectations in its last four reports, indicating strong operational performance.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 2.7%
- 75th percentile move
- 3.5%
- 90th percentile move
- 5%
- Up / down moves
- 11 / 8
- Average up move
- +2.6%
- Average down move
- -3.2%
Monitoring and close
What Chevron Corporation reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Partial
- Consolidated
- +0.9%
- Max favorable move (MFE)
- 1.3%
- Max adverse move (MAE)
- 1.6%