Chevron stock held above $205 after a new offshore Angola discovery and second-quarter 2026 results that showed adjusted earnings per share of $6.06 and revenue of $67.2 billion. The shares were last quoted at $205.85 on August 21, 2026, while the market value stood at $406.71 billion.<\/p>\n
Angola adds a fresh angle<\/p>\n
Chevron confirmed an oil and gas condensate discovery at the 105-4X exploration well in Angola’s Block 0, and the well encountered more than 600 meters of hydrocarbons with more than 90 meters of net pay. That gives the company a capital-efficient exploration story at the same time as investors are still digesting a quarter that beat expectations on both profit and sales.<\/p>\n
The second-quarter 2026 beat was clear: adjusted EPS of $6.06 topped the $5.55 consensus by $0.51, and revenue of $67.2 billion exceeded the $62.72 billion forecast. Revenue was also 57.4 percent higher than a year earlier, a sharp comparison that helps explain why the stock has stayed close to its 52-week high of $214.71.<\/p>\n
Dividend still matters<\/p>\n
Chevron also lifted its quarterly dividend to $1.78 per share, equal to $7.12 annualized, and the indicated yield was 3.5 percent at recent price levels. That payout profile matters because the share price is already trading within the upper part of its 52-week range of $146.49 to $214.71.<\/p>\n
Consensus data in recent market coverage puts the average target at $207.48, only a little above the last quoted level of $205.85. The gap is narrow, which leaves operating delivery and capital returns as the main drivers for the next leg.<\/p>\n
What Chevron sells<\/p>\n
Chevron’s portfolio still centers on crude oil, natural gas, liquefied natural gas, refined products, lubricants, and petrochemicals, with upstream assets and downstream marketing feeding the cash-return story. The Angola discovery fits that mix because it may add future barrels without changing the company’s broad integrated model.<\/p>\n
Shares near the top of the range<\/p>\n
As of August 21, 2026, Chevron shares were priced at $205.85, with a 52-week range of $146.49 to $214.71 and a market cap of $406.71 billion. The stock remains close to the high end of that band, so the market is already giving weight to the latest quarter and the Angola update.<\/p>\n
Company details<\/p>\n
Company: Chevron Corporation
ISIN: US1667641005
Ticker: CVX
Exchange: NYSE
Price (as of August 21, 2026, 9:30 a.m. ET): $205.85 USD
Market cap: $406.71 billion (as of August 21, 2026)
Sector \/ Industry: Energy \/ Oil, Gas and Consumable Fuels
Index membership: S&P 500
Next earnings date: September 2026<\/p>\n
More on Chevron stock<\/p>\n
Investor focus now sits on whether production gains, the $6.06 second-quarter EPS result, and the $67.2 billion revenue print can offset any pressure from a share price that already sits close to the top of its 52-week range.<\/p>\n
\n\t\t Disclaimer…
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