Chevron (CVX) is a global energy giant focused on the exploration and production, storage and transportation, and marketing and distribution of oil and gas products. The company is involved in the production of crude oil (CLQ25), natural gas (NGQ25), petroleum products, lubricants, and more.

Chevron’s stock has seen plenty of movement this year, but shares have not performed favorably. CVX stock is down 1.2% in the year to date. Shares are down nearly 14% over the past three months, and despite popping almost 5% in the past month, they are down 2.5% in just the past five sessions. The selloff started early last week as Middle East tensions began to fade. 

As of this writing, the stock is 15% off its 52-week high. 

Chevron Posted Mediocre Results in Q1

Chevron posted a net profit of $3.5 billion, or $2.18 per adjusted share, in its first quarter. This narrowly beat analyst estimates of $2.15 per share. 

Chevron generated $47.61 billion in revenue during the quarter, down 4% year-over-year and missing analysts’ $48.66 billion estimate.

Its upstream segment reported adjusted earnings of $3.76 billion, down from $5.24 billion in the year-ago period. The downstream segment reported a profit of $325 million, also down significantly from $783 million in the year-ago period. Management cited challenging market conditions for its declining performance but said that Chevron was commited to cost disciplines and was still targeting “industry-leading” free cash flow growth by 2026. Chevron did achieve higher oil output from the Permian Basin, the Gulf of Mexico, which it recognizes as the Gulf of America, and Kazakhstan. 

CVX Still Yields a Juicy Dividend 

Although some fear that dividend growth will slow down at Chevron due to those challenging market conditions – including the loss of oil production from Venezuela – the company continues to forge ahead and raised its dividend payout earlier in 2025. At the time, a 5% hike led Barchart contributor Mark Hake to declare that Chevron was “too cheap.” 

In the first quarter the company returned $6.9 billion to shareholders, with $3.9 billion in share repurchases and $3 billion in dividend payments. Its quarterly dividend payment is now at $1.71 for a forward payout of $6.84 and a yield of 4.8%. Its yield is just above the energy sector average of 4.24%. 

Should You Buy Chevron Stock Here?

Chevron has received some mixed votes from analysts with a consensus “Moderate Buy” rating and a mean price target of $161.64, reflecting upside potential of 13%. The Street-high price target of $186 implies that shares could gain nearly 31% over the next 12 months. 

The stock has been reviewed by 22 analysts and has received 11 “Strong Buy” ratings, three “Moderate Buy” ratings, six “Hold” ratings, and two “Strong Sell” ratings.