Chevron Future Growth

Future criteria checks 0/6

Chevron's revenue is forecast to decline at 1% per annum while its annual earnings are expected to grow at 2.3% per year. EPS is expected to grow by 5.1% per annum. Return on equity is forecast to be 15.1% in 3 years.

Key information

2.3%

Earnings growth rate

5.1%

EPS growth rate

Oil and Gas earnings growth	1.5%
Revenue growth rate	-1.0%
Future return on equity	15.1%
Analyst coverage	Good
Last updated	23 Apr 2024

Recent future growth updates

No updates

Recent updates

There's Been No Shortage Of Growth Recently For Chevron's (NYSE:CVX) Returns On Capital

Sep 02

Chevron: Ready To Become The Next Dividend Champion Of This Decade

Aug 25

Calculating The Fair Value Of Chevron Corporation (NYSE:CVX)

Aug 15

Making My Own Super Major Oil Company - Version 2.0

Aug 07

Chevron (NYSE:CVX) Is Paying Out A Larger Dividend Than Last Year

Jul 31

Earnings and Revenue Growth Forecasts

NYSE:CVX - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	195,412	23,656	23,229	41,418	9
12/31/2025	197,244	24,964	25,103	45,892	11
12/31/2024	203,197	24,385	23,256	41,300	11
12/31/2023	194,799	21,369	19,780	35,609	N/A
9/30/2023	203,065	25,463	20,370	35,673	N/A
6/30/2023	214,534	30,168	27,642	41,267	N/A
3/31/2023	233,308	35,780	35,700	48,752	N/A
12/31/2022	235,916	35,465	37,628	49,602	N/A
9/30/2022	227,692	34,167	35,817	46,562	N/A
6/30/2022	206,000	29,047	30,217	39,874	N/A
3/31/2022	175,812	20,507	24,776	33,046	N/A
12/31/2021	155,067	15,625	21,131	29,187	N/A
9/30/2021	134,196	9,905	14,450	21,967	N/A
6/30/2021	115,641	3,587	9,685	16,925	N/A
3/31/2021	95,450	-7,765	2,516	10,051	N/A
12/31/2020	94,005	-5,543	1,655	10,577	N/A
9/30/2020	96,411	-11,488	2,931	13,996	N/A
6/30/2020	107,193	-8,701	5,472	18,276	N/A
3/31/2020	127,590	3,874	12,683	26,979	N/A
12/31/2019	139,365	2,924	13,198	27,314	N/A
9/30/2019	137,768	13,264	16,911	30,808	N/A
6/30/2019	145,094	14,731	18,454	32,560	N/A
3/31/2019	149,262	13,835	16,884	30,632	N/A
12/31/2018	151,041	14,824	16,826	30,618	N/A
9/30/2018	153,071	14,205	14,118	27,560	N/A
6/30/2018	142,991	12,110	10,400	23,488	N/A
3/31/2018	133,606	10,151	8,518	21,604	N/A
12/31/2017	127,485	9,195	6,934	20,338	N/A
9/30/2017	121,423	6,499	N/A	18,108	N/A
6/30/2017	116,785	5,830	N/A	17,922	N/A
3/31/2017	111,739	2,910	N/A	15,482	N/A
12/31/2016	103,310	-497	N/A	12,690	N/A
9/30/2016	101,162	-1,500	N/A	13,540	N/A
6/30/2016	104,742	-746	N/A	13,589	N/A
3/31/2016	113,546	1,295	N/A	18,278	N/A
12/31/2015	122,566	4,587	N/A	19,456	N/A
9/30/2015	136,376	8,646	N/A	21,396	N/A
6/30/2015	155,115	12,202	N/A	24,716	N/A
3/31/2015	173,714	17,296	N/A	25,377	N/A
12/31/2014	192,308	19,241	N/A	31,475	N/A
9/30/2014	204,023	20,700	N/A	35,430	N/A
6/30/2014	208,697	20,057	N/A	37,066	N/A
3/31/2014	208,433	19,757	N/A	37,705	N/A
12/31/2013	211,664	21,423	N/A	35,002	N/A
9/30/2013	213,964	23,738	N/A	37,330	N/A
6/30/2013	213,081	24,041	N/A	34,744	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CVX's forecast earnings growth (2.3% per year) is below the savings rate (2.3%).

Earnings vs Market: CVX's earnings (2.3% per year) are forecast to grow slower than the US market (14.7% per year).

High Growth Earnings: CVX's earnings are forecast to grow, but not significantly.

Revenue vs Market: CVX's revenue is expected to decline over the next 3 years (-1% per year).

High Growth Revenue: CVX's revenue is forecast to decline over the next 3 years (-1% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CVX's Return on Equity is forecast to be low in 3 years time (15.1%).

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Chevron Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Recent updates

Trident Energy Management Limited agreed to acquire Chevron Overseas (Congo) Limited from Chevron Corporation (NYSE:CVX).

Chevron Debuts Proven Industrial System Cleaner at the NPE2024 Plastics Show

Chevron: Resilient To Oil Price Volatility But Wait For A Pullback

Chevron: A Strong Q1 Report Is Ahead

Chevron Corporation, Annual General Meeting, May 29, 2024

Chevron Corporation to Report Q1, 2024 Results on Apr 26, 2024

Chevron: Solid As A Cap Rock But Fairly Valued For Now

Chevron: Exxon Barges In To Scupper The Hess Deal Closure

Full year 2023 earnings: EPS and revenues miss analyst expectations

Chevron Is A Solid Company At A Respectable Price

Upcoming dividend of US$1.63 per share at 4.3% yield

Chevron: Is This A Good Dividend Stock To Buy?

Chevron Introduces New Rykon Formula to Grease Product Line

Chevron's (NYSE:CVX) Upcoming Dividend Will Be Larger Than Last Year's

Fourth quarter dividend increased to US$1.63

Chairman & CEO exercised options and sold US$5.8m worth of stock

New major risk - Revenue and earnings growth

Full year 2023 earnings: EPS and revenues miss analyst expectations

Chevron Corporation Declares Dividend, Payable on March 11, 2024

Value Investors Take Note! Why Chevron May Be A Must-Own Stock

We Think Chevron (NYSE:CVX) Can Stay On Top Of Its Debt

Chevron And Hess Merger May Be At Risk As Geopolitical Risk Escalates

Chevron: Fill Up The Income Tank And Buy This 4%-Yielding Dividend Aristocrat

Lacklustre Performance Is Driving Chevron Corporation's (NYSE:CVX) Low P/E

Chevron And Hess: Scenario Analysis Relating To Geopolitical Risk

Calculating The Fair Value Of Chevron Corporation (NYSE:CVX)

Chevron Made New 52-Week Lows, But The Dividend Remains Safe

Chevron's (NYSE:CVX) Shareholders Will Receive A Bigger Dividend Than Last Year

Upcoming dividend of US$1.51 per share at 4.2% yield

Buy HES, Sell CVX

Chevron Makes Hess Its Largest Acquisition

Now 24% undervalued after recent price drop

Third quarter 2023 earnings released: EPS: US$3.49 (vs US$5.81 in 3Q 2022)

Chevron Corporation Provides Dividend Guidance for the First Quarter of 2024

Chevron Corporation Provides Dividend Guidance for the First Quarter of 2024

Chevron: Surprising But Delightful Deal For Hess Announcement

New major risk - Revenue and earnings growth

Chevron Offers Smoother Ride In Any Oil Market

We Think Chevron (NYSE:CVX) Can Manage Its Debt With Ease

Chevron Stock: Outlook Amid California Lawsuit

Chevron: Take Some Profit With Warren Buffett (Rating Downgrade)

Oil Could Hit $300 A Barrel

There's Been No Shortage Of Growth Recently For Chevron's (NYSE:CVX) Returns On Capital

Chevron: Ready To Become The Next Dividend Champion Of This Decade

Calculating The Fair Value Of Chevron Corporation (NYSE:CVX)

VP & CFO notifies of intention to sell stock

Upcoming dividend of US$1.51 per share at 3.8% yield

Chevron Corporation (NYSE:CVX) completed the acquisition of PDC Energy, Inc. (NasdaqGS:PDCE) from The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), FMR LLC, Dimensional Fund Advisors LP and others.

Chevron Corporation (NYSE:CVX) completed the acquisition of PDC Energy, Inc. (NasdaqGS:PDCE) from The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), FMR LLC, Dimensional Fund Advisors LP and others.

Making My Own Super Major Oil Company - Version 2.0

Chevron (NYSE:CVX) Is Paying Out A Larger Dividend Than Last Year

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Eni S.p.A. (BIT:ENI) agreed to acquire unknown majority stake in Chevron Assets in Indonesia.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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