Should I buy Chevron stock in 2025?

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At HelloSafe, our expert has been tracking Chevron’s performance for over three years. Every month, hundreds of thousands of users in the United States rely on us to decode market trends and highlight the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In line with our ethical charter, we have never been, and will never be, compensated by Chevron.

What is Chevron?

How much is Chevron stock?

The price of Chevron stock is rising this week. As of today, Chevron shares are trading at $136.26, up by $0.20 (+0.15%) in the past 24 hours, though reflecting a 1.78% drop over the last week. With a market capitalization of $238.01 billion and a 3-month average daily volume of 9.28 million shares, Chevron offers a P/E ratio of 14.02 and a strong dividend yield of 5.02%. The stock’s beta stands at 0.91, suggesting it’s slightly less volatile than the broader market. While recent movement has been modest, Chevron's solid fundamentals and attractive dividend yield enhance its appeal for income-focused investors even in shifting market conditions.

Our full analysis on Chevron stock

Having thoroughly examined Chevron Corporation’s latest financial and operational results, along with the stock’s three-year performance across all principal metrics, we have leveraged proprietary algorithms that synthesize a range of analytical sources—spanning financial indicators, technical gauges, comparative peer dynamics, and market momentum. This rigorous approach enables a forward-looking evaluation tailored to the needs of both professionals and discerning investors. So, why might Chevron stock once again become a strategic entry point into the global energy sector as we approach 2025?

Recent Performance and Market Context

Chevron’s stock has recently navigated through a turbulent landscape, with a current share price of $136.26 as of May 2, 2025. Over the past year, CVX has experienced a decline of approximately 14.6%, mirroring oil sector headwinds and global energy price volatility. Notably, the average daily trading volume remains robust at 9.28 million shares, underscoring sustained market engagement and high liquidity—an important foundation for institutional and individual investors alike.

Recent weeks have seen modest short-term weakness, with the stock down 1.78% on the week and nearly 11% over the past six months. Despite this, Chevron continues to command a significant market capitalization of $238 billion, attesting to its standing as both an industry bellwether and a core portfolio holding for income and value investors.

Positive recent events include the expansion of Chevron’s global exploration portfolio and ongoing investments in both upstream and downstream operations. Notably, Chevron is scheduled to report Q1 2025 earnings today, which promises to shed additional light on short-term performance and may act as a near-term catalyst. On a sectoral level, the energy space remains characterized by dynamic demand patterns and shifting regulatory frameworks. However, the stabilization of oil prices and the resilience of integrated oil majors are contributing to a more constructive long-term environment as the world’s energy needs continue to evolve.

Technical Analysis

From a technical standpoint, Chevron currently presents an intriguing setup for patient investors. The relative strength index (RSI) stands at 38.4—hovering just above classic oversold territory—and suggests that bearish pressure may be approaching an exhaustion point. The moving average convergence divergence (MACD) is at -4.57, a level typically associated with ongoing negative momentum, yet one that may precede a technical rebound should positive news emerge.

The price action is currently below its key moving averages—the 20-day (140.18), 50-day (151.64), 100-day (151.25), and 200-day (149.35) simple moving averages. While this constellation of signals is technically bearish in the short term, it is important to recognize the existence of strong support levels near $135.32 (recent daily low) and $132.04 (52-week low). These levels could act as a springboard for a reversal, particularly as the price approaches historically oversold zones.

The analyst consensus price target stands at $167.93—implying a potential upside of 23% from current levels—while the pivot resistance level at $139.29 represents a credible first technical hurdle. For investors seeking opportunities ahead of a cyclical rebound or a positive earnings surprise, the technical backdrop appears poised for a constructive turn.

Fundamental Analysis

Chevron’s fundamentals remain robust, even as the sector faces transient earnings pressure. The company reported full-year revenues of $195.6 billion, with EBITDA estimated around $40–42 billion and a net income of $17.7 billion. The expected Q1 2025 EPS, $2.15, reflects a year-over-year decline of 26.6%—a moderation considered in light of challenging market conditions and recent oil price fluctuations.

Significantly, Chevron’s price-to-earnings (P/E) ratio stands at 14.0, which is notably attractive both against historical averages and relative to peer benchmarks. The generous dividend yield of 5.02% further bolsters the investment case, offering shareholders both stable income and potential downside protection in volatile periods.

• Diversification—with a balanced exposure to both upstream (exploration and production) and downstream (refining, marketing) segments.
• Global footprint—with geographically dispersed operations that mitigate regional risks.
• Financial resilience—as evidenced by a disciplined debt-to-equity ratio of 19.3% and a decades-long record of consistent, growing dividend payments.

Chevron’s enduring brand strength, operational scale, and active adaptation to the energy transition further reinforce its position as a sector leader. These fundamental assets collectively justify renewed investor attention—even as near-term earnings oscillate.

Volume and Liquidity

The vibrancy of trading activity in Chevron stock is a key indicator of enduring market confidence. Average daily volume of 9.28 million shares positions CVX among the most liquid large-cap energy stocks in the US market, facilitating efficient execution for both retail and institutional participants.

Additionally, the stock’s broad float and deep institutional ownership create an environment conducive to dynamic valuation adjustments—enabling the market to efficiently incorporate both macroeconomic news and company-specific events. Such sustained liquidity often prefigures accelerated re-rating potential, particularly for stocks trading below historical averages or at technical inflection points.

Catalysts and Positive Outlook

• Quarterly Earnings Release: With Q1 2025 results due imminently, any sign of stabilization—or surprise to the upside—could catalyze a market reappraisal, especially given the current modest expectations.
• Continued Expansion: Chevron’s ongoing investments in global exploration and production are positioning the company to benefit as oil demand normalizes and new reserves are brought online.
• M&A and Portfolio Optimization: The company maintains a disciplined approach to capital allocation, including periodic strategic acquisitions and streamlining assets for maximum returns.
• ESG Initiatives: An increasing commitment to sustainability and lower-carbon solutions may unlock further value, as the market increasingly rewards energy majors making credible energy transition strides.
• Sector Tailwinds: As energy markets gradually stabilize and global demand recovers, integrated oil majors like Chevron are poised to capture margin expansion, especially in refining and petrochemicals. Regulatory clarity and a renewed focus on energy security are supportive longer-term structural drivers.

Market sentiment, while neutral to slightly bearish on a short-term basis, becomes more favorable on any sign that the earnings decline is bottoming out or that Chevron is effectively capitalizing on new market opportunities. Importantly, the stability and growth of the company’s dividend signal strong underlying cash flow generation—a key differentiator amid cyclical uncertainty.

Investment Strategies

• Short-Term:
• Positioning ahead of the Q1 2025 earnings release provides exposure to a potential upside surprise, especially given the low RSI and proximity to long-term support levels.
• Technical signals suggest the current price near $136 is approaching a favorable risk/reward juncture, with tight stop-loss management limiting downside.
• Medium-Term:
• As market sentiment shifts in response to steadying oil prices and improving earnings visibility, Chevron could re-rate toward analysts’ consensus targets.
• Dividend accrual over the medium term further enhances total returns, supplementing potential price appreciation.
• Long-Term:
• Chevron’s structural advantages—global diversification, scale, and best-in-class capital discipline—position it favorably for the evolving energy landscape.
• For income-focused investors, the stock’s consistent and growing dividend yield appears particularly compelling within a diversified portfolio.
• Strategic progress on energy transition, ESG, and higher-return investments may unlock new growth avenues, supporting an extended holding horizon.

Investors may find the current technical setup advantageous, particularly for incremental accumulation ahead of confirmed fundamental inflection points—the convergence of historically attractive valuation, technical support, and potential positive earnings catalysts supports a constructive stance.

Is It the Right Time to Buy Chevron?

In summary, Chevron combines a powerful mix of fundamental stability, compelling valuation, and consistent income generation. The stock’s deep liquidity and global market presence reinforce the case for renewed interest—particularly given the convergence of strong technical support, imminent quarterly results, and medium-term sector tailwinds. Despite current technical weakness, such conditions have historically presented favorable entry points for patient, risk-aware investors seeking capital appreciation alongside dependable yield.

Looking ahead, Chevron’s ability to adapt its portfolio, sustain cash flow, and navigate the energy transition positions it as a sector stalwart with substantial upside potential. The fundamentals, valuation, and upcoming catalysts all reinforce the narrative that CVX seems to represent an excellent opportunity for inclusion in a well-balanced, forward-looking investment strategy.

For investors positioning for 2025 and beyond, Chevron’s stock may indeed be at the threshold of a new bullish phase—combining resilience, adaptability, and yield in a manner few of its peers can match. Now more than ever, the landscape appears ripe for seizing the potential that Chevron has to offer in a changing energy world.

How to buy Chevron stock in United States?

Buying Chevron stock online is both straightforward and secure when you use a regulated broker in the United States. Investors have two primary ways to gain exposure to Chevron: buying shares directly (spot or cash buying) or trading Contracts for Difference (CFDs). Spot buying means you become a shareholder, while CFDs let you speculate on price movements with more flexibility. Both methods are accessible to retail investors—each with its own risk and fee structure. To find the best fit for your needs, we recommend comparing broker fees and features, as detailed in the broker comparison section further down this page.

Spot (Cash) Buying of Chevron Shares

When you purchase Chevron stock for cash (also called "spot buying"), you acquire real shares on the NYSE and become a shareholder. This method is ideal for long-term investors who want to benefit from share appreciation and receive dividends. US brokers often charge a fixed commission per trade, typically between $0 and $7 per order for domestic stocks.

Important example

Example:
Let’s say Chevron’s share price is $136.26 and you want to invest $1,000. With a commission of about $5, you can purchase 7 Chevron shares ($136.26 × 7 = $953.82), leaving room to cover the fee.

• Gain scenario: If the share price rises by 10%, your investment grows to $1,100.
• Result: That’s a gross gain of $100, or +10% on your initial stake (before taxes and fees).

Trading Chevron via CFDs

A Contract for Difference (CFD) is a derivative product that allows you to speculate on Chevron’s share price movement without owning the underlying stock. CFDs can be traded both long and short, and often offer leverage—meaning you can control a larger position with a modest deposit. Fees for CFD trading are mainly built into the spread (the difference between buy and sell prices) and overnight financing costs if you keep positions open beyond a day.

Important example

Example:
You open a CFD trade on Chevron with a $1,000 deposit and use 5× leverage, increasing your market exposure to $5,000.

• Gain scenario: If Chevron’s stock rises by 8%, your leveraged position results in a 40% gain (8% × 5).
• Result: That’s a $400 profit on your $1,000 stake, excluding any spreads or financing charges.

Final Advice

Before investing, be sure to compare brokers’ commissions, margin requirements, and conditions, as these can impact your returns and costs. Some platforms may better suit buy-and-hold investors, while others are designed with active CFD traders in mind. Ultimately, your choice should reflect your financial goals, risk tolerance, and investment horizon. For more details, you’ll find a comprehensive broker comparison further down the page to help you make an informed decision.

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Our 7 tips for buying Chevron stock

The latest news about Chevron

Chevron maintains a robust 5.02% dividend yield and continues its record of consistent annual dividend increases. This makes the stock particularly attractive to US income-focused investors, reinforcing Chevron’s commitment to rewarding shareholders despite market headwinds. The company’s history of dependable payments provides a stable source of income and reflects resilient cash flows and disciplined balance sheet management, which are key factors in Chevron’s enduring investor appeal in the current US market environment.

Chevron’s solid financial structure features a manageable debt load and sustained capital discipline. The company posts a debt-to-equity ratio of 19.33%, underscoring conservative financial management relative to peers within the US oil and gas sector. This prudent approach allows Chevron to remain resilient in volatile energy markets, while maintaining flexibility for continued investments in exploration and operational efficiency. Analysts view this balance sheet strength as a positive sign for the company’s ability to navigate both cyclical downturns and the ongoing energy transition.

Despite recent share price weakness, Wall Street analysts maintain a positive long-term outlook, with a consensus target price of $167.93. This implies a potential upside exceeding 23% from current levels, reflecting confidence in Chevron’s earnings stability and its capacity to benefit from a more balanced and stable energy market expected later in 2025. The stock’s relatively modest price-to-earnings ratio of 14.02 and a beta below 1 support the view of Chevron as a lower-volatility, value-oriented holding suitable for US investors seeking growth coupled with income.

The firm’s US operations, headquartered in Houston, Texas, continue to anchor its business, while global diversification in exploration and downstream activities supports resilience. Chevron’s strategic investments in domestic and international assets provide important hedges against regional market shocks. Its significant US footprint, including refining and marketing, positions the company to respond effectively to North American demand trends and evolving regulatory requirements, benefiting local communities and the broader US economy.

Chevron is set to announce its Q1 2025 earnings today, and though a year-over-year decline in EPS is expected, stability in revenues and long-term growth prospects support ongoing analyst optimism. With the company maintaining earnings and EBITDA at competitive levels relative to the sector, today’s results are likely to provide additional clarity on Chevron’s ability to weather near-term operational pressures. The upcoming earnings report serves as a timely catalyst that could shift investor sentiment and offer important signals for US market participants.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.