Chevron Corporation (NYSE:CVX) will release earnings for its first quarter before the opening bell on Friday, May 1.

Analysts expect the Houston, Texas-based company to report quarterly earnings of 97 cents per share. That’s down from $2.18 per share in the year-ago period. The consensus estimate for Chevron's quarterly revenue is $52.7 billion (it reported $47.61 billion last year), according to Benzinga Pro.

On April 9, Chevron confirmed an oil discovery at the Bandit prospect in the Gulf of America.

Shares of Chevron gained 0.6% to close at $193.31 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

  • Scotiabank analyst Paul Cheng maintained a Sector Perform rating and raised the price target from $168 to $187 on April 22, 2026. This analyst has an accuracy rate of 60%.
  • RBC Capital analyst Biraj Borkhataria maintained the stock with an Outperform rating and raised the price target from $200 to $220 on April 13, 2026. This analyst has an accuracy rate of 53%.
  • Wells Fargo analyst Sam Margolin maintained an Overweight rating and increased the price target from $204 to $222 on April 9, 2026. This analyst has an accuracy rate of 64%.
  • Citigroup analyst Alastair Syme maintained a Buy rating and raised the price target from $210 to $235 on April 2, 2026. This analyst has an accuracy rate of 53%.
  • Morgan Stanley analyst Devin McDermott maintained an Overweight rating and raised the price target from $174 to $212 on March 27, 2026. This analyst has an accuracy rate of 76%

Considering buying CVX stock? Here’s what analysts think:

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