Published: November 25, 2025
Chevron stock today: price action, streak and sector backdrop
Chevron Corporation (NYSE: CVX) extended its losing streak on Tuesday, November 25, 2025, as energy shares continued to feel pressure from softer oil prices and shifting macro expectations.
Chevron closed around $148.5 per share, down roughly 0.8% on the day, marking its seventh straight daily decline. Over that stretch, the stock has fallen about 4% from roughly $154.8 on November 17 to the high $148s today. [1]
Trading volume came in around 5–6 million shares, noticeably below last week’s heavier sessions that saw 8–14 million shares change hands as the stock began its pullback. [2]
Despite the recent slump, Chevron remains modestly positive for the year: the shares are still up about 2% year to date, and the stock has more than doubled over the last five years, according to Simply Wall St’s performance snapshot. [3]
From a technical and valuation perspective, GuruFocus notes that Chevron trades on a price-to-earnings ratio near 21x, close to its three‑year high, while its price-to-book (~1.6x) and price-to-sales (~1.4x) sit closer to historical lows. The stock’s RSI around the high‑30s suggests it is approaching oversold territory after the recent slide. [4]
Sector and macro conditions haven’t helped. The S&P 500 Energy sector index slipped roughly 0.7–0.9% today, continuing a multi‑day pullback. [5] Meanwhile, Brent crude settled near $62.5 per barrel, down about 1.4% on the day and nearly 4% over the last month, reinforcing concerns about oversupply and a softer price outlook into 2026. [6]
Today’s top Chevron headlines (November 25, 2025)
For investors tracking Chevron, November 25 has brought a cluster of fresh headlines that together help explain sentiment around the stock:
- Venezuela taps Chevron for crucial feedstock after Russian cargo blocked
- Robotics and drones spotlight Chevron’s efficiency drive
- Institutional holders reshuffle CVX stakes in new 13F filings
- Insider option exercise and share sale by a senior executive
- Chevron vying for a major offshore stake in Namibia
- Valuation debate: discounted cash flow vs. earnings multiples
Let’s break those down.
1. Venezuela feedstock deal: strategic edge with geopolitical risk
Multiple reports today highlight Chevron’s growing role in Venezuela’s oil supply chain. After a U.S. warship blocked a Russian tanker carrying naphtha—a light hydrocarbon blend used to dilute Venezuela’s extra‑heavy crude—state oil company PDVSA has turned to Chevron for this key feedstock. [7]
Key points from today’s coverage:
- Chevron is supplying naphtha to Venezuelan operations to keep production flowing despite disrupted Russian deliveries. [8]
- GuruFocus notes the Venezuela supply arrangements as one of several “strategic initiatives” underpinning the company’s long‑term positioning, even as the share price declines. [9]
Why it matters for the stock:
- Upside: Chevron holds a unique U.S. license to operate in Venezuela, giving it access to barrels that many competitors can’t touch. Additional reliable feedstock could help stabilize or grow output from those assets, supporting cash flow. [10]
- Risk: The Venezuela relationship is tightly linked to U.S. sanctions policy and geopolitics. Any change in sanctions waivers or diplomatic stance can quickly alter the economics of Chevron’s Venezuelan projects, and markets price that uncertainty into the stock. [11]
Overall, the Venezuela news is a reminder that Chevron’s portfolio still leans heavily on politically sensitive regions, even as it emphasizes capital discipline and shareholder returns.
2. Robots, drones and AI: Chevron’s cost‑cutting story gets new fuel
A Zacks report today shines a spotlight on how robots and drones are being rolled out across Chevron’s operations to inspect pipelines, tanks and hard‑to‑reach infrastructure, reducing safety risks for workers and trimming operating costs by millions of dollars. [12]
This dovetails with guidance from the company’s November 12 investor day, where Chevron laid out an aggressive efficiency and technology roadmap:
- Targeting >10% annual growth in free cash flow and earnings per share through 2030, assuming $70 Brent.
- Planning 2–3% annual growth in oil and gas production, from a base of roughly 4.1 million barrels of oil equivalent per day.
- Cutting annual capital expenditure to $18–21 billion, down from prior $19–22 billion guidance.
- Increasing its cost‑reduction goal to $3–4 billion by the end of 2026, partly powered by digital tools, remote monitoring and automation. [13]
Today’s robotics headlines effectively put real‑world color on that strategy, reinforcing the narrative that Chevron aims to do more with less: smaller headcount and leaner capex, but still rising output and cash flow. For investors, that underscores a medium‑term thesis of margin expansion and cash returns, even in a softer oil price environment.
3. Institutions shuffle CVX exposure in latest filings
Several MarketBeat instant alerts published today tracked fresh 13F filings from institutional investors with notable moves in Chevron: [14]
- XTX Topco Ltd boosted its Chevron position by about 128.6% in Q2, bringing its stake to roughly 42,667 shares.
- FourThought Financial Partners LLC increased its holdings by around 4.6% in the same period.
- RiverFront Investment Group LLC, by contrast, cut its Chevron stake by nearly 89.6%, dramatically scaling back exposure.
These moves are backward-looking (Q2 2025) but become public only when filings are processed and reported—hence today’s flurry of headlines. Individually, these positions are relatively small compared with Chevron’s roughly $300 billion market capitalization, but they show that institutional conviction is far from one‑sided. [15]
Some managers appear to be buying the dip, leaning into Chevron’s defensive cash‑flow profile and dividend, while others are clearly rotating out, perhaps concerned about sustained weakness in energy prices or better risk‑reward elsewhere in the market.
4. Insider activity: Vice President exercises options and sells shares
A new Form 4 filing dated today details insider transactions by Jeff B. Gustavson, a Chevron vice president. According to the filing: [16]
- On November 21, 2025, Gustavson exercised 9,325 stock options at an exercise price of $83.29 per share.
- He sold the same 9,325 shares on the same day at an average price of about $150.27 per share.
- After the transaction, he reports owning 1,675 shares directly and 3 shares indirectly via a 401(k) plan.
StockTitan characterizes the filing’s impact as “high” and sentiment as “negative,” reflecting that markets often read insider selling as a modest cautionary signal, especially when shares have recently traded near highs. [17]
That said, this sort of option exercise and sale is also a standard element of executive compensation, and the filing notes that Gustavson disclaims beneficial ownership of certain shares tied to prior awards. On its own, this event is unlikely to change the fundamental thesis, but it adds to a broader picture where GuruFocus has flagged a handful of insider sales in recent months. [18]
5. Chevron and TotalEnergies compete for Namibia’s Mopane field stake
In offshore exploration, Chevron and TotalEnergies are reported to be leading contenders to acquire a 40% stake in Galp Energia’s Mopane discovery in Namibia’s Orange basin, according to Offshore Magazine’s coverage dated November 25. [19]
Highlights from that report:
- More than a dozen oil companies initially expressed interest in Mopane, though some—like Exxon and Petrobras—have since stepped aside. [20]
- Both Chevron and TotalEnergies already operate fields near Mopane, making operational synergies a key attraction.
- Galp aims to select a partner by the end of 2025, with negotiations underway with a “shortlist of preferred bidders” closely aligned with the project. [21]
For Chevron, winning a stake would:
- Reinforce its frontier exploration strategy following mixed results from earlier drilling in the same basin.
- Add another potential long‑dated growth project to balance its more mature, cash‑generative assets.
For now, Mopane is an option on future upside, not a near‑term earnings driver—but the bidding underscores that Chevron remains committed to selectively growing its upstream portfolio even while emphasizing cost cuts and shareholder returns.
6. Valuation spotlight: discounted bargain or fairly priced dividend aristocrat?
Two prominent pieces published today take very different angles on Chevron’s valuation:
Simply Wall St: deep discount to intrinsic value
Simply Wall St’s article, “Is Chevron Offering Real Value After Recent 3.7% Price Decline?”, notes that: [22]
- Chevron’s share price is down 3.3% over the past week and 3.7% over the last month, but still up 2.1% year to date and more than 100% over five years.
- Their discounted cash flow (DCF) model estimates intrinsic value at about $325.79 per share, implying the stock trades at roughly a 54% discount.
- On a PE basis, Chevron’s current multiple of ~23.6x is higher than the industry average (~13.2x) and slightly above the global peer average (~21.8x), but nearly identical to their internally calculated “fair ratio” of 23.7x—suggesting the earnings multiple is “about right” given the company’s risk and growth profile.
In that framework, the DCF argues Chevron is materially undervalued, while simpler peer comparisons suggest a fair price. The article essentially invites investors to decide which narrative they trust more.
GuruFocus: strong profitability, mixed growth and cautious sentiment
GuruFocus takes a more balanced view, emphasizing both strengths and red flags in Chevron’s profile: [23]
- Trailing‑twelve‑month revenue of about $187 billion, supported by healthy operating (~8%) and net (~6.8%) margins.
- A robust EBITDA margin above 20% and a debt‑to‑equity ratio near 0.2, pointing to solid financial footing.
- A P/E ratio around 20–21x, a P/B of ~1.6x and P/S near 1.4x—a combination that suggests the stock is not cheap on earnings, but not demanding on asset or revenue metrics.
- Analysts are split: about 15 of 27 tracked recommend buying the stock, with an average price target around $172, implying mid‑teens upside from current levels.
- The stock earns a “Hold” rating from Seeking Alpha’s quantitative model, as growth and momentum metrics lag despite strong profitability.
Combined, today’s valuation commentary paints Chevron as a high‑quality cash generator where the real debate is whether slowing growth and commodity headwinds justify the current discount—or whether the market is undervaluing its long‑term projects and cost‑cutting potential.
7. Dividend story: high yield backed by a 38‑year growth streak
For income‑focused investors, Chevron’s dividend profile remains a key part of the appeal and gets indirect support from several of today’s narratives.
According to Koyfin and dividend‑tracking sites: [24]
- Chevron currently pays an annual dividend of $6.84 per share, or $1.71 quarterly.
- At today’s share price in the high $148s, that equates to a forward dividend yield of roughly 4.6%.
- The company has raised its dividend for 38 consecutive years, cementing its status as a Dividend Aristocrat within the S&P 500. [25]
- The next dividend payment is scheduled for December 10, 2025, with the ex‑dividend date having passed on November 18. [26]
Recent analysis of Chevron’s five‑year plan suggests management is likely to pursue another dividend increase of at least 5% in January, supported by the free‑cash‑flow growth targets unveiled at investor day. [27]
That said, the payout ratio is currently estimated in the mid‑90% range on reported earnings, a reminder that the dividend relies heavily on robust cash generation and disciplined capex, particularly if oil prices remain under pressure. [28]
What today’s picture adds up to for Chevron stock
Putting it all together, November 25, 2025 leaves investors with a mixed but increasingly well‑defined narrative around Chevron:
- Near‑term pressure: The stock is grinding lower alongside oil prices and the broader energy sector, notching a seven‑day losing streak as Brent drifts toward the low $60s and forecasts point to potential oversupply into 2026–27. [29]
- Strategic levers: Today’s headlines underscore Chevron’s unique access to Venezuelan barrels, its bid for long‑dated offshore growth in Namibia, and a growing automation and robotics program designed to protect margins. [30]
- Capital returns: A near‑5% dividend yield backed by a 38‑year growth streak and management’s explicit ambition for double‑digit free‑cash‑flow growth continues to anchor the bull case, even as the payout ratio looks stretched on an earnings basis. [31]
- Valuation debate: Fundamental models like Simply Wall St’s DCF see large upside, while market‑based multiples and quant ratings suggest only modest mispricing at best and call for patience given macro risks. [32]
For now, Chevron remains a classic energy blue chip under short‑term pressure, where today’s headlines reinforce both sides of the argument: resilient cash‑return machine on one hand, and cyclical, geopolitically exposed producer on the other.
References
1. stockanalysis.com, 2. www.investing.com, 3. simplywall.st, 4. www.gurufocus.com, 5. finance.yahoo.com, 6. tradingeconomics.com, 7. seekingalpha.com, 8. coincentral.com, 9. www.gurufocus.com, 10. www.gurufocus.com, 11. www.gurufocus.com, 12. www.zacks.com, 13. www.reuters.com, 14. www.marketbeat.com, 15. www.marketbeat.com, 16. www.stocktitan.net, 17. www.stocktitan.net, 18. www.gurufocus.com, 19. www.offshore-mag.com, 20. www.offshore-mag.com, 21. www.offshore-mag.com, 22. simplywall.st, 23. www.gurufocus.com, 24. www.koyfin.com, 25. www.suredividend.com, 26. www.koyfin.com, 27. finance.yahoo.com, 28. www.koyfin.com, 29. stockanalysis.com, 30. seekingalpha.com, 31. www.koyfin.com, 32. simplywall.st
