Trump Strongly Opposes NYSE Expansion into Texas, Calls It Bad for New York
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
- Trump's Opposition: Trump criticized the NYSE's expansion into Texas on social media, labeling it as 'unbelievably bad' for New York's financial status, reflecting his strong discontent with the new NYC mayor.
- Texas Attracting Companies: The NYSE launched a new exchange in Texas in October 2025, attracting 10 companies, including Halliburton and Trump Media, for dual listings, marking a significant shift in the U.S. financial landscape.
- Policy Impact: Texas Governor Abbott stated that ESG policies have spurred interest in a Texas-based exchange, arguing that companies should not be excluded from New York capital markets due to left-leaning policies, further enhancing Texas's financial appeal.
- Future Financial Center Prediction: Trump's AI and Crypto advisor David Sacks predicted that Miami could replace New York as the new financial capital, a viewpoint that has sparked widespread discussion amid the new mayor's potential socialist policies.
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: 166.160
Low
158.00
Averages
176.95
High
206.00
Current: 166.160
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.
