Chevron (CVX) Rated 'Overweight' by JPMorgan with $176 Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2026
0mins
Should l Buy CVX?
Source: Yahoo Finance
- Coverage Resumed: On January 20, JPMorgan resumed coverage of Chevron (CVX) with an 'Overweight' rating and a price target of $176, indicating over 6% upside from current levels, reflecting analysts' optimism about its future performance.
- Cost Savings Program: Chevron is implementing a structural cost savings program expected to deliver $3 billion to $4 billion in annual run-rate savings by 2026, significantly enhancing the company's profitability and financial health.
- AI Project Potential: Chevron is in exclusive talks to provide natural gas-fired power to a data center, leveraging its domestic production capacity of over 3 Bcfd, with first power expected by 2027-28, potentially generating mid-teens unlevered returns on capital.
- Investment Cycle Attractiveness: Following the completion of the Hess merger, analysts believe Chevron is in an attractive phase of its investment cycle, further enhancing its appeal as a long-term investment.
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Analyst Views on CVX
Wall Street analysts forecast CVX stock price to fall
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 206.790
Low
158.00
Averages
176.95
High
206.00
Current: 206.790
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.
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