Chevron Corporation Rated Among Best High Yield Stocks, Target Raised to $168
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Yahoo Finance
- Target Price Increase: Scotiabank raised Chevron's price target from $165 to $168 while maintaining a Sector Perform rating, reflecting optimism about U.S. integrated oil and large-cap E&P companies, with expectations for stable earnings this quarter.
- Market Focus: Analysts highlight that investors will be keen on whether recent market volatility prompts companies to adjust their 2026 guidance and if more E&P players will initiate cost-cutting programs, which could impact overall industry performance.
- Venezuela Operations Expansion: U.S. Energy Secretary announced that Chevron will receive a broader license allowing cash payments to the Venezuelan government for taxes and royalties, a significant shift that will enhance Chevron's production and export capabilities in the country.
- Industry Dynamics: With the Trump administration's efforts to restart Venezuela's oil industry, Chevron is expected to receive an updated license that could support higher production and export levels, further solidifying its position in the global energy market.
Analyst Views on CVX
Wall Street analysts forecast CVX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CVX is 176.95 USD with a low forecast of 158.00 USD and a high forecast of 206.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 165.300
Low
158.00
Averages
176.95
High
206.00
Current: 165.300
Low
158.00
Averages
176.95
High
206.00
About CVX
Chevron Corporation is an integrated energy company. The Company produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance its business and industry. The Company’s segments include Upstream and Downstream. Upstream operations consist primarily of exploring for, developing, producing and transporting crude oil and natural gas; liquefaction, transportation and regasification associated with LNG; transporting crude oil by major international oil export pipelines; processing, transporting, storage and marketing of natural gas; carbon capture and storage; and a gas-to-liquids plant. Downstream operations consist primarily of the refining of crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels, and transporting of crude oil and refined products by pipeline, marine vessel, motor equipment and rail car.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
