How to buy Chevron (CVX) stock from India

Yes, an Indian resident can buy Chevron — legally, in US dollars, under the RBI's Liberalised Remittance Scheme (LRS). CVX trades on NYSE. It pays a quarterly dividend (~4% yield). Chevron is the second-largest US integrated oil and gas company with production in the Permian Basin, Kazakhstan (Tengizchevroil — one of the world's largest oil fields), and global LNG. It has raised its dividend for 37 consecutive years and carries a AA-rated balance sheet. CVX is the core energy income holding alongside or instead of XOM.

The 30-second version

• Legal and simple. Buy CVX via Vested, INDmoney, or Interactive Brokers India.
• Quarterly dividend (~4% yield). File Form W-8BEN for 15% DTAA withholding; claim FTC via Form 44.
• India tax on gains: hold more than 24 months → 12.5% LTCG (Section 112); shorter hold → slab rate.
• Estate-tax trap: US-situs asset — above $60,000 of total US-situs assets, up to 40% US estate tax, no treaty relief.

Quick facts

What Chevron actually is

Permian Basin: ~750,000 barrels/day production, growing. Lower cost basis than many Permian operators.

Kazakhstan — Tengizchevroil (TCO): Chevron holds 50% of TCO, one of the world's top 10 producing oil fields at ~700,000+ barrels/day. Kazakhstan adds international diversification and long-reserve-life production.

LNG: Chevron Australia (Gorgon and Wheatstone LNG projects) supplies Asian markets. Rising Asian LNG demand, particularly from India and Japan, benefits CVX's long-term contracts.

Hess acquisition: Chevron agreed to acquire Hess Corporation (including Hess's 30% stake in Guyana's Stabroek block). This adds Guyana growth production to CVX's portfolio — subject to ExxonMobil arbitration on right-of-first-refusal.

Capital return: CVX returns capital through dividends and buybacks, targeting $10–15B/year combined.

Tax and compliance

Capital gains: 12.5% LTCG after 24 months; slab rate for shorter holds. Dividend: 15% US WHT (W-8BEN) + Indian slab; FTC via Form 44. Schedule FA mandatory every year.

Full rules: how US stocks are taxed in India. Estate-tax trap: guide.

Q2 2026 earnings recap

Chevron and ExxonMobil both reported strong Q2 2026 results — Brent oil has risen from ~$60 to ~$96 during 2026, significantly boosting both majors' financial performance.

Chevron Q2 2026:

CVX is up +38–44% YTD through October 2026. TD Cowen raised XOM to a target of $180 in late September 2026.

Analyst consensus (October 2026): CVX consensus: Strong Buy. XOM consensus: Buy. Both benefit from elevated oil prices (~$96 Brent). Record US production supports continued dividend growth.

CVX vs XOM — oil major choice