Earnings Report: Chevron Corporation is set to release its third-quarter earnings on October 31, with analysts predicting earnings of $1.71 per share, a decrease from $2.51 per share a year ago, and quarterly revenue estimates at $49.01 billion, down from $50.67 billion.
Venture Global Proposal: Chevron has requested involvement in Venture Global, Inc.'s proposal to delay the startup of its Plaquemines LNG export terminal, heightening tensions between the developer and its customers.
Stock Performance: Chevron's shares fell by 1% to close at $153.52, reflecting market reactions ahead of the earnings report.
Analyst Ratings: Recent analyst ratings for Chevron include an Outperform rating with a price target of $160 from Raymond James, an Overweight rating with a target of $190 from Wells Fargo, and a Hold rating with a target of $155 from Melius Research.
VG
$5.925+Infinity%1D
Analyst Views on VG
Wall Street analysts forecast VG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VG is 14.27 USD with a low forecast of 11.00 USD and a high forecast of 18.00 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.
11 Analyst Rating
Wall Street analysts forecast VG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VG is 14.27 USD with a low forecast of 11.00 USD and a high forecast of 18.00 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.
6 Buy
5 Hold
0 Sell
Moderate Buy
Current: 5.920
Low
11.00
Averages
14.27
High
18.00
Current: 5.920
Low
11.00
Averages
14.27
High
18.00
Wells Fargo
Michael Blum
Equal Weight
downgrade
$11 -> $8
2025-12-15
New
Reason
Wells Fargo
Michael Blum
Price Target
$11 -> $8
2025-12-15
New
downgrade
Equal Weight
Reason
Wells Fargo analyst Michael Blum lowered the firm's price target on Venture Global to $8 from $11 and keeps an Equal Weight rating on the shares. The firm cites lower forward TTF/JKM prices in 2026-2027, and later assumed commencement of share repurchases.
BofA
Buy
downgrade
$15 -> $11
2025-12-11
Reason
BofA
Price Target
$15 -> $11
2025-12-11
downgrade
Buy
Reason
BofA lowered the firm's price target on Venture Global to $11 from $15 and keeps a Buy rating on the shares. The valuations of the refiners "have surprised us this year" as it felt like "a perfect storm of likely temporary drivers," including Ukraine-Russia drone strikes, more Russia sanctions, high European gas prices, and slower than expected ramp of new refineries, the analyst tells investors. It seems that some resolution is getting more likely in 2026 and the potential end of the conflict would also have the effect of sending more Russian pipeline gas to Europe, the analyst added. This risk, plus the looming oversupply of LNG, causes the firm to lower its 2029/30 arb, which slows growth and lowers its price target for Venture.
JPMorgan
Overweight
downgrade
$16 -> $10
2025-11-26
Reason
JPMorgan
Price Target
$16 -> $10
2025-11-26
downgrade
Overweight
Reason
JPMorgan lowered the firm's price target on Venture Global to $10 from $16 and keeps an Overweight rating on the shares. The firm revised the company's model to reflect the latest spreads and arbitration impact.
Citi
Spiro Dounis
Neutral
downgrade
$16 -> $9
2025-11-24
Reason
Citi
Spiro Dounis
Price Target
$16 -> $9
2025-11-24
downgrade
Neutral
Reason
Citi analyst Spiro Dounis lowered the firm's price target on Venture Global to $9 from $16 and keeps a Neutral rating on the shares. The firm reduced estimates to reflect lower liquified natural gas prices.
About VG
Venture Global, Inc. is a provider of the United States liquefied natural gas (LNG) sourced from North American natural gas basins. The Company's business includes assets across the LNG supply chain, including LNG production, natural gas transport, shipping and regasification. The Company sells LNG and is engaged in the operation, construction, and development of natural gas liquefaction and export facilities in North America (LNG projects). Each LNG project includes a liquefaction facility and export terminal and one or more associated pipelines that interconnect with several interstate and intrastate pipelines for delivery of natural gas into the associated liquefaction facility and export terminal. The Company has multiple segments, including the Company's five LNG projects: the Calcasieu Project, the Plaquemines Project, the CP2 Project, the CP3 Project and the Delta Project, and its direct sales and shipping (DS&S) business and pipeline activities.
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.
