CVX
Chevron Corporation Energy - Oil & Gas Investor Relations →
Chevron Corporation (CVX) closed at $180.86 as of 2026-02-02, trading 24.5% above its 200-week moving average of $145.23. The stock moved further from the line this week, up from 22.0% last week. With a 14-week RSI of 74, CVX is in overbought territory.
Over the past 3296 weeks of data, CVX has crossed below its 200-week moving average 49 times. On average, these episodes lasted 12 weeks. Historically, investors who bought CVX at the start of these episodes saw an average one-year return of +14.2%.
With a market cap of $361.6 billion, CVX is a large-cap stock. Return on equity stands at 7.2%. The stock trades at 1.9x book value.
CVX is a Dividend Aristocrat, having increased its dividend for 25 or more consecutive years. The current yield is 394.00%. The company has been aggressively buying back shares, reducing its share count by 7.7% over the past three years.
Over the past 33.2 years, a hypothetical investment of $100 in CVX would have grown to $3350, compared to $2849 for the S&P 500. That represents an annualized return of 11.2% vs 10.6% for the index — confirming CVX as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -10.7% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: CVX vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After CVX Crosses Below the Line?
Across 21 historical episodes, buying CVX when it crossed below its 200-week moving average produced an average return of +19.1% after 12 months (median +13.0%), compared to +9.6% for the S&P 500 over the same periods. 80% of those episodes were profitable after one year. After 24 months, the average return was +38.5% vs +22.4% for the index.
Each line shows $100 invested at the moment CVX crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
CVX has crossed below its 200-week MA 49 times with an average 1-year return of +14.2% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Nov 1963 | Nov 1963 | 1 | 1.5% | +31.8% | +50194.2% |
| Jul 1966 | Oct 1966 | 12 | 9.9% | -4.7% | +41719.5% |
| Oct 1966 | Dec 1966 | 5 | 2.7% | -6.4% | +40902.7% |
| Dec 1966 | Dec 1967 | 50 | 12.8% | +6.0% | +43116.9% |
| Dec 1967 | Dec 1967 | 1 | 1.0% | +25.7% | +40682.0% |
| Jan 1968 | Apr 1968 | 15 | 5.5% | +13.8% | +40433.9% |
| May 1968 | May 1968 | 1 | 1.2% | +22.7% | +40392.3% |
| May 1968 | Jun 1968 | 1 | 0.4% | +22.2% | +40031.9% |
| Jul 1969 | Aug 1969 | 4 | 3.4% | -23.9% | +39053.2% |
| Sep 1969 | Dec 1970 | 66 | 28.9% | -15.3% | +39091.6% |
| Jan 1971 | Jan 1971 | 1 | 3.0% | +21.9% | +42460.3% |
| Nov 1971 | Nov 1971 | 1 | 0.3% | +58.3% | +40096.6% |
| Feb 1974 | Mar 1974 | 3 | 1.5% | -2.7% | +33358.1% |
| Apr 1974 | Apr 1974 | 4 | 2.4% | -11.0% | +32771.1% |
| May 1974 | May 1975 | 51 | 26.8% | +12.6% | +34494.6% |
| Dec 1975 | Dec 1975 | 3 | 2.4% | +49.0% | +30877.8% |
| Feb 1982 | May 1982 | 12 | 11.1% | +9.5% | +12182.0% |
| May 1982 | Oct 1982 | 21 | 29.4% | +12.1% | +11670.3% |
| Oct 1982 | Feb 1983 | 16 | 17.9% | +15.3% | +12740.3% |
| Mar 1983 | Mar 1983 | 1 | 1.9% | -1.1% | +11037.5% |
| May 1983 | Jun 1983 | 2 | 4.7% | +5.8% | +10615.0% |
| Jul 1983 | Aug 1983 | 2 | 2.9% | -11.8% | +10689.4% |
| Sep 1983 | Apr 1984 | 30 | 9.9% | +6.4% | +10919.0% |
| Jun 1984 | Aug 1984 | 10 | 14.7% | +12.8% | +10943.6% |
| Sep 1984 | Sep 1984 | 3 | 1.8% | +12.3% | +10400.1% |
| Oct 1984 | Jan 1985 | 16 | 12.1% | +17.5% | +10663.6% |
| Mar 1985 | Mar 1985 | 1 | 0.5% | +19.6% | +10874.2% |
| Nov 1987 | Dec 1987 | 1 | 1.9% | +28.7% | +8336.3% |
| Feb 2000 | Feb 2000 | 3 | 4.1% | +19.7% | +1187.4% |
| Dec 2000 | Dec 2000 | 1 | 0.4% | +10.5% | +1080.3% |
| Feb 2002 | Feb 2002 | 2 | 0.6% | -19.3% | +995.9% |
| Jul 2002 | Nov 2003 | 71 | 21.1% | +1.7% | +1084.5% |
| Oct 2008 | Oct 2008 | 3 | 15.3% | +30.6% | +521.4% |
| Feb 2009 | Sep 2009 | 29 | 15.9% | +18.2% | +442.5% |
| Sep 2009 | Oct 2009 | 1 | 3.1% | +24.8% | +408.0% |
| Feb 2010 | Feb 2010 | 2 | 1.5% | +41.5% | +382.1% |
| May 2010 | Jun 2010 | 1 | 1.6% | +46.5% | +372.4% |
| Jun 2010 | Jul 2010 | 4 | 7.4% | +44.4% | +380.7% |
| Dec 2014 | Dec 2014 | 1 | 3.3% | -11.7% | +183.3% |
| Jan 2015 | Feb 2015 | 3 | 3.8% | -16.8% | +175.9% |
| Mar 2015 | Apr 2015 | 5 | 4.1% | -11.0% | +177.3% |
| May 2015 | Apr 2016 | 48 | 28.7% | -1.3% | +171.1% |
| May 2016 | Jun 2016 | 5 | 2.2% | +8.1% | +168.9% |
| Aug 2016 | Aug 2016 | 1 | 0.7% | +14.0% | +169.7% |
| Sep 2016 | Sep 2016 | 2 | 2.6% | +21.9% | +174.2% |
| Feb 2020 | Feb 2021 | 52 | 43.9% | +13.5% | +150.3% |
| Jul 2021 | Jul 2021 | 2 | 0.3% | +45.8% | +120.9% |
| Aug 2021 | Sep 2021 | 5 | 4.7% | +74.7% | +131.1% |
| Apr 2025 | Jun 2025 | 8 | 3.1% | N/A | +38.0% |
| Average | 12 | — | +14.2% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02