Do we like them?

Do we like Chevron?

Oil and gas major: oil, gas, refining and fuels worldwide. Based in Houston, Texas.

Our score: 3 out of 10. We wouldn't back them. Chevron is hugely profitable and keeps paying regulator penalties and fighting climate and coastal damage suits. Nothing we found offsets that.

Chevron is one of the world's biggest oil companies, run from Houston. Mike Wirth has been chairman and CEO since 2018. In July 2025 it closed a $53 billion takeover of Hess after beating Exxon in arbitration. That gave it a 30% stake in Guyana's Stabroek oil block and Bakken shale land.

Business is booming. Chevron reported $9.9 billion of earnings for Q3 2026 and record U.S. production. It also said it has expanded its acreage in Venezuela. In Q2 it signed a 20-year power agreement with Microsoft for a West Texas data center.

The biggest drama is in Louisiana. In April 2025 a Plaquemines Parish jury ordered Chevron to pay about $745 million for coastal wetland damage. Chevron said it would appeal. In April 2026 the US Supreme Court ruled 8-0 that the case can move to federal court, which puts the verdict in doubt. The fight isn't over.

Chevron's own filings list a run of regulator penalties in 2026. Colorado assessed $6.4 million over remediation-data reporting breaches, and $1.5 million over a well-control incident. A $2.1 million Clean Water Act penalty came through Hess. It also paid about $1.07 million to the EPA over biofuel credits.

Our score is a 3. Chevron is a well-run, very profitable company, but its business is oil and gas. We found a steady stream of penalties and big pending environmental cases, and little in this search to balance them. Many people would happily back it for the returns. We wouldn't.