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Chevron is a global energy company that produces oil, natural gas, and other energy products. It operates upstream (exploration and production), midstream, and downstream (refining, distribution, and marketing) across many regions. It differentiates itself through its long history, global scale, and integrated value chain that spans the full energy lifecycle from resource development to customer delivery. Its goal is to provide reliable energy by expanding resources, improving efficiency, and maintaining safety across markets.
Company Size
10,001+
Company Stage
IPO
Headquarters
San Ramon, California
Founded
1879
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Jim Cramer has praised Chevron Corporation CEO Mike Wirth as a "beacon of rationality" during recent energy market turbulence. Cramer, who has favoured the oil giant for over a year, highlighted Wirth's calm leadership style. Chevron's second quarter showed strong performance, with revenue growing 56% and global upstream production rising 20%. The company reached a milestone of one million barrels in Permian production, expecting capital intensity there to fall 25% by 2026. The firm plans to grow free cash flow and earnings per share by 10% annually through 2030, assuming $70 per barrel oil prices. However, Chevron's heavy reliance on oil, compared to rivals like Shell and Exxon who have diversified into LNG, presents potential vulnerability.
Chevron shares rose 2.1% to $216.58 as Brent crude climbed to $109.20 per barrel, driven by Saudi export disruptions, Libyan outages and infrastructure attacks. The stock now trades 33.55% above its GuruFocus fair value estimate of $162.17. The energy producer reported $12.1 billion in second-quarter earnings whilst worldwide production increased 20%. Chevron reduced debt by $8.4 billion and signed a 20-year power agreement with Microsoft for a West Texas data centre project. The Microsoft deal positions Chevron to supply electricity for AI infrastructure, creating a revenue stream beyond traditional oil and gas. However, the premium valuation suggests investors are pricing in sustained high commodity prices and significant growth from new power opportunities.
PITTSBURGH, PA – Optimus Technologies, a technology company that decarbonizes the largest and most challenging sectors of the transportation industry, announced today a $17.8 million Series A funding round led by Mitsui & Co. out of Tokyo, Japan. The round included participation from one of North America’s largest commercial fleets, Chevron Renewable Energy Group, and Pittsburgh regional investors including: Idea Foundry, Inc., Innovation Works, Richard King Mellon Foundation, and Urban Redevelopment Authority of Pittsburgh.
On the 8 September episode of Mad Money, Jim Cramer likened Chevron Corporation to a reliable fantasy football kicker, highlighting its 3.4% yield and nearly 40% stock gain this year. He noted that energy stocks like Chevron often trade independently from broader market movements due to oil price dynamics. Chevron's second-quarter earnings showed total revenues of $70.06 billion and net income of $12.1 billion. Worldwide net oil-equivalent production jumped 20% year-over-year to 4.07 million barrels per day, driven by legacy Hess assets and Permian Basin expansion. On 3 September, BMO Capital raised its price target to $235 from $210, citing Venezuela operations as a growth driver. Piper Sandler increased its target to $243 from $207 the same day.
President Donald Trump's nine largest oil and gas holdings gained between $1.5 million and $4.4 million in the first six months of the Iran war, according to a CNBC analysis of his financial disclosure and market data. The holdings include Chevron, ExxonMobil, and seven other energy companies. CNBC calculated gains using share-price movements from 27 February, the day before hostilities began, through 31 August. Trump's accounts showed at least 23 sell transactions across the nine stocks through 29 June. A White House spokesman said Trump plays no role in trading decisions, with all investments managed independently. Ethics watchdogs disputed this, noting Trump still knows his heavy energy investment positions. The nine firms posted combined second-quarter profits of $47.6 billion, triple the prior year's figure. US crude prices rose roughly 36% since the war started.