Chevron Management
Management criteria checks 2/4
Chevron's CEO is Mike Wirth, appointed in Feb 2018, has a tenure of 8.25 years. total yearly compensation is $26.83M, comprised of 7.1% salary and 92.9% bonuses, including company stock and options. directly owns 0.003% of the company’s shares, worth $12.81M. The average tenure of the management team and the board of directors is 1.3 years and 8.3 years respectively.
Key information
Mike Wirth
Chief executive officer
US$26.8m
Total compensation
| CEO salary percentage | 7.08% |
| CEO tenure | 8.3yrs |
| CEO ownership | 0.003% |
| Management average tenure | 1.3yrs |
| Board average tenure | 8.3yrs |
Recent management updates
Recent updates
Chevron: The Market Was Not Prepared For The New Equilibrium
May 02
CVX: Firmer Long Term Oil Prices Will Drive Future Cash Returns
Chevron's updated analyst price target has shifted from $203.00 to $213.29 as analysts factor in higher projected revenue growth, slightly better profit margins, and a modestly lower future P/E, supported by a series of recent upgrades and price target increases tied to expectations for firmer long term oil prices. Analyst Commentary Recent research commentary on Chevron clusters around oil price expectations, cash flow potential, and the company’s ability to execute on its project pipeline while maintaining shareholder returns.CVX: Venezuela Licensing And Oil Market Risks Will Shape Future Cash Returns
Narrative Update: Chevron Chevron's updated analyst price target of $203, up from $192.29, reflects analysts incorporating higher long term oil price assumptions, modestly higher revenue growth expectations, and a slightly richer forward P/E multiple in light of recent sector wide target raises and upgrades. Analyst Commentary Recent research shows a clear tilt toward higher Chevron price targets, but with a wide spread of opinions on how durable the backdrop for oil and gas will be and what that could mean for valuation, execution risk, and growth options.CVX: Venezuela Licensing And Permian Cash Generation Will Shape Future Capital Returns
The analyst price target for Chevron has increased by about $6, reflecting updated oil price assumptions, tighter expected crude balances into 2026, and what analysts view as underappreciated cash flow support for integrated oil and gas companies. Analyst Commentary Recent research on Chevron reflects a wide range of opinions, but there is a clear cluster of higher price targets tied to revised oil assumptions, perceived cash flow support, and capital allocation plans.CVX: Venezuela Policy And Permian Cash Generation Will Influence Future Dividend Resilience
Chevron's fair value estimate has been nudged higher to $185.92 from $183.46 as analysts point to higher price targets and see support from stronger cash generation potential, renewed exploration plans, and a tighter crude supply backdrop linked to geopolitical risks. Analyst Commentary Recent Street research around Chevron highlights a split view on how sustainable the current setup is for the shares, with several price target increases sitting alongside a few cuts and downgrades.
Chevron Corporation (CVX): The Integrated Titan – Scaling Guyana and the Permian for a Decade of Cash Flow
Chevron (CVX) stands as a premier pillar of the global energy sector as we open March 2026, with the stock closing at $186.75 on February 27. The company has successfully navigated the most significant strategic shift in its recent history by fully integrating Hess Corporation , a $53 billion merger that closed in July 2025 after a favorable arbitration ruling regarding the crown-jewel Stabroek Block in Guyana.CVX: Venezuela Policy And Permian Cash Generation Will Shape Future Dividend Resilience
Analysts have nudged their fair value estimate for Chevron higher to $183.46 from $181.67, citing increased confidence in cash generation from the Permian, a broader set of offshore exploration prospects, and a series of higher Street price targets that offset some differing views on the outlook for oil and gas equities. Analyst Commentary Recent Street research on Chevron presents a mix of optimism and caution, with several firms adjusting ratings and price targets as they reassess the company’s cash generation, exploration program, and exposure to oil price assumptions.Chevron (NYSE:CVX) Has Announced That It Will Be Increasing Its Dividend To $1.78
Feb 06
CVX: Venezuela Policy And Upstream Execution Will Shape Future Dividend Resilience
Analysts have raised their fair value estimate for Chevron from $174.83 to $181.67, citing a group of higher Street price targets and updated assumptions about future revenue growth, margins, and P/E expectations. Analyst Commentary Recent Street research on Chevron has been active, with several firms adjusting price targets in both directions and a few changing their ratings.CVX: Future Dividend Capacity Will Reflect Venezuela Exposure And Upstream Execution
Narrative Update on Chevron The updated analyst price target for Chevron moves slightly higher to about US$175. Analysts attribute this to modestly higher fair value estimates, a small adjustment to the discount rate, and mixed views on near term crude and refining fundamentals, as reflected in recent target changes across the Street.CVX: Future Dividend Capacity Will Reflect Free Cash Flow And Upstream Execution
Analysts have slightly trimmed their Chevron fair value estimate to about $172.08 per share. This reflects modestly softer revenue growth and profit margin assumptions, even as recent price target increases highlight confidence in free cash flow support for dividends and the company’s longer term growth plans.CVX: Future Dividend Capacity Will Be Driven By Strong Free Cash Flow
Analysts have nudged their average price target on Chevron higher by roughly $5 to reflect stronger than expected Q3 results, visible production growth and free cash flow support for dividend expansion, even as they modestly temper longer term revenue growth assumptions. Analyst Commentary Street research remains broadly constructive on Chevron, with a series of upward price target revisions reinforcing confidence in the company's capacity to sustain higher free cash flow, support dividend growth, and execute on its long term production plans.CVX: Future Dividend Payouts And Asset Integration Will Drive Outperformance
Chevron's analyst price target increased from $172.80 to $172.92, as analysts cite a stronger financial profile and consistent dividend growth highlighted by recent investor updates. Analyst Commentary Chevron's recent investor day and third quarter results have prompted a variety of responses from Wall Street.CVX: Dividend Strength And Asset Synergies Will Drive Shareholder Returns
Chevron's analyst price target has increased modestly to $172.80 from $172.04. Analysts cite strong Q3 financial performance, improving profit margins, and confidence in future cash flow and dividend growth as key factors for the upward revision.CVX: Upcoming Investor Day Will Preview Long-Term Production and Dividend Upside
Chevron's analyst price target has risen from $168.78 to $172.04 per share. Analysts cite solid Q3 results, operational outperformance, and positive expectations ahead of its upcoming investor day as key factors supporting the upward adjustment.Permian Production And Renewables Will Shape Enduring Value
Analysts have raised their price target for Chevron, citing resilient Q2 results, improved refining margins, strong resource depth, and long-term support from rising natural gas demand, partially offset by integration risks post-acquisition, resulting in a modest upward revision of fair value to $168.78. Analyst Commentary Bullish analysts highlight Chevron’s strong second-quarter results, demonstrating resilience and outperformance among integrated oil companies due to a diversified asset portfolio and reliable shareholder returns.Chevron's (NYSE:CVX) Shareholders Have More To Worry About Than Only Soft Earnings
Aug 08
Chevron: Why The Stars Are Aligning
Apr 15Chevron Is Hitting The Pavement With Natural Gas
Mar 31Chevron Loses Venezuelan Conditional License
Mar 05Chevron Stock's Outlook Is Uncertain At This Point (Technical Analysis)
Feb 24Chevron Has Continued Cash Flow Potential
Feb 11Chevron: A Capital Return Investment In 2025
Feb 04Chevron's Profit Engine Remains Strong, But I Have Concerns
Jan 25Chevron: Why I Agree With The Crowd On This One
Jan 07Chevron: Cash, Baby, Cash Is Good News For Shareholders
Dec 18Chevron: Oil Prices Break Below $70, But CVX Remains Undervalued
Dec 08Chevron: A Top Energy Investment For 2025
Nov 18Chevron: Good Quarter But Mr. Market Turns Pessimistic
Nov 03Chevron: 3 Reasons This Is The King Of Oil Dividend Aristocrats
Oct 22Chevron: Think Of The Future - Buy
Oct 06Striking Oil: Why Chevron Remains A Strong Buy
Sep 20Chevron: Don't Miss This Buying Opportunity
Aug 20CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | US$27m | US$2m | US$12b |
| Sep 30 2025 | n/a | n/a | US$13b |
| Jun 30 2025 | n/a | n/a | US$14b |
| Mar 31 2025 | n/a | n/a | US$16b |
| Dec 31 2024 | US$33m | US$2m | US$18b |
| Sep 30 2024 | n/a | n/a | US$17b |
| Jun 30 2024 | n/a | n/a | US$19b |
| Mar 31 2024 | n/a | n/a | US$20b |
| Dec 31 2023 | US$27m | US$2m | US$21b |
| Sep 30 2023 | n/a | n/a | US$25b |
| Jun 30 2023 | n/a | n/a | US$30b |
| Mar 31 2023 | n/a | n/a | US$36b |
| Dec 31 2022 | US$24m | US$2m | US$35b |
| Sep 30 2022 | n/a | n/a | US$34b |
| Jun 30 2022 | n/a | n/a | US$29b |
| Mar 31 2022 | n/a | n/a | US$21b |
| Dec 31 2021 | US$23m | US$2m | US$16b |
| Sep 30 2021 | n/a | n/a | US$10b |
| Jun 30 2021 | n/a | n/a | US$4b |
| Mar 31 2021 | n/a | n/a | -US$8b |
| Dec 31 2020 | US$29m | US$2m | -US$6b |
| Sep 30 2020 | n/a | n/a | -US$11b |
| Jun 30 2020 | n/a | n/a | -US$9b |
| Mar 31 2020 | n/a | n/a | US$4b |
| Dec 31 2019 | US$33m | US$2m | US$3b |
Compensation vs Market: Mike's total compensation ($USD26.83M) is above average for companies of similar size in the US market ($USD14.60M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Wirth (64 yo)
8.3yrs
Tenure
US$26,828,240
Compensation
Mr. Michael K. Wirth, also known as Mike, has been Chairman and Chief Executive Officer of Chevron Corporation since February 1, 2018. He has served as a Director at Chevron Corporation since February 1, 2...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 8.3yrs | US$26.83m | 0.0034% $ 12.9m | |
| Chief Financial Officer | 2.2yrs | US$7.53m | 0.00045% $ 1.7m | |
| Chief Legal Officer | 16.8yrs | US$9.11m | 0.0016% $ 6.0m | |
| Vice Chairman & Executive VP of Oil | no data | US$11.05m | 0.0015% $ 5.8m | |
| President of Upstream | no data | US$9.23m | 0.00099% $ 3.7m | |
| Controller & Principal Accounting Officer | less than a year | no data | 0.00011% $ 414.6k | |
| Chief Technology & Engineering Officer | less than a year | no data | no data | |
| Director of Investor Relations | less than a year | no data | no data | |
| President of Corporate Business Development | 1.3yrs | no data | no data | |
| Chief Human Resources Officer | 1.3yrs | no data | no data | |
| Senior Executive Advisor | less than a year | no data | no data | |
| President of Chevron New Energies | 4.8yrs | no data | 0.00019% $ 716.1k |
1.3yrs
Average Tenure
56yo
Average Age
Experienced Management: CVX's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 9.3yrs | US$26.83m | 0.0034% $ 12.9m | |
| Director | less than a year | US$248.25k | 0.44% $ 1.7b | |
| Independent Director | 17.4yrs | US$417.50k | 0% $ 0 | |
| Independent Director | 7.4yrs | US$420.00k | 0.00023% $ 866.8k | |
| Independent Director | 14yrs | US$422.50k | 0.00064% $ 2.4m | |
| Independent Director | 8.5yrs | US$397.50k | 0.00013% $ 489.9k | |
| Independent Director | 5.3yrs | US$397.50k | 0.00016% $ 603.0k | |
| Lead Independent Director | 9.4yrs | US$467.50k | 0.00077% $ 2.9m | |
| Independent Director | 3.9yrs | US$397.50k | 0% $ 0 | |
| Independent Director | 9.6yrs | US$390.00k | 0.00035% $ 1.3m | |
| Independent Director | 5.7yrs | US$390.00k | 0.00037% $ 1.4m | |
| Independent Director | 8.2yrs | US$390.00k | 0.00070% $ 2.6m |
8.3yrs
Average Tenure
68.5yo
Average Age
Experienced Board: CVX's board of directors are considered experienced (8.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/04 21:34 |
| End of Day Share Price | 2026/05/04 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Chevron Corporation is covered by 48 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| William Selesky | Argus Research Company |
| Yim Cheng | Barclays |
| Wei Jiang | Barclays |