Oil Majors' LNG Investments: Major oil companies like Shell, TotalEnergies, BP, Exxon Mobil, and Chevron are significantly increasing their investments in liquified natural gas (LNG), anticipating a rise in global demand despite concerns about the energy transition.
Concerns Over Environmental Impact: Analysts warn that LNG, while marketed as a cleaner alternative to other fossil fuels, poses environmental risks, particularly due to methane leaks, and may not serve as a viable "bridge fuel" in the shift towards renewable energy.
Discrepancies in Demand Forecasts: The International Energy Agency (IEA) projects that while LNG demand will grow, it may plateau by the end of the decade, contradicting the optimistic forecasts from oil majors, highlighting potential oversupply issues.
Geopolitical Risks and Market Dynamics: Geopolitical tensions, especially in Asia, raise concerns over reliance on fossil fuels, with countries vulnerable to LNG supply disruptions, prompting calls for careful capital budgeting among energy supermajors to ensure long-term profitability.
CVX
$149.8+Infinity%1D
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 177.50 USD with a low forecast of 158.00 USD and a high forecast of 204.00 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.
16 Analyst Rating
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 177.50 USD with a low forecast of 158.00 USD and a high forecast of 204.00 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.
13 Buy
3 Hold
0 Sell
Strong Buy
Current: 149.990
Low
158.00
Averages
177.50
High
204.00
Current: 149.990
Low
158.00
Averages
177.50
High
204.00
Mizuho
Outperform
maintain
$204 -> $206
2025-12-12
New
Reason
Mizuho
Price Target
$204 -> $206
2025-12-12
New
maintain
Outperform
Reason
Mizuho raised the firm's price target on Chevron to $206 from $204 and keeps an Outperform rating on the shares. The firm adjusted ratings and targets in the exploration and production group as part of its 2026 outlook. While sentiment for U.S. oil and gas names is negative on oil market oversupply and high gas storage, there is "underappreciated value" in the group, particularly in exploration and production on longer-term fundamentals that could start becoming realized in 2026, the analyst tells investors in a research note. Mizuho suggests a reallocation of risk toward oil E&Ps with a selective bias in gas stocks. It turned more neutral on refining.
BofA
Buy
downgrade
$183 -> $180
2025-12-11
New
Reason
BofA
Price Target
$183 -> $180
2025-12-11
New
downgrade
Buy
Reason
BofA lowered the firm's price target on Chevron to $180 from $183 and keeps a Buy rating on the shares.
Wells Fargo
Sam Margolin
Overweight
maintain
$190 -> $196
2025-11-14
Reason
Wells Fargo
Sam Margolin
Price Target
$190 -> $196
2025-11-14
maintain
Overweight
Reason
Wells Fargo analyst Sam Margolin raised the firm's price target on Chevron to $196 from $190 and keeps an Overweight rating on the shares. The firm says the company's investor day was positive. The commodity environment is probably influential to immediate market impact, but Chevron materials/comments underpin free cash flow/dividend growth via emerging and mature assets, Wells adds.
Mizuho
Outperform
maintain
$191 -> $204
2025-11-13
Reason
Mizuho
Price Target
$191 -> $204
2025-11-13
maintain
Outperform
Reason
Mizuho raised the firm's price target on Chevron to $204 from $191 and keeps an Outperform rating on the shares following the investor day. The firm says a lack of details on the Permian power project for artificial intelligence data centers and an unchanged $10B-$20B per ear range for buybacks overshadowed Chevron's better than expected free cash flow growth.
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.
