
Chevron (CVX) Stock Forecast & Price Target
Chevron (CVX) Analyst Ratings
Bulls say
Chevron's comprehensive strategy includes a commitment to long-term growth in oil and gas production, while also aligning with sustainability goals such as the 2015 Paris Agreement. The company's robust operational metrics highlight a significant production capacity of 3.0 million barrels of oil equivalent per day and proven reserves totaling 9.8 billion barrels of oil equivalent, indicative of a solid foundation for future cash flow growth. Additionally, Chevron's proactive approach to M&A and disciplined capital allocation, alongside a strong balance sheet and emissions reduction targets, positions it favorably in a volatile commodity market.
Bears say
Chevron's financial outlook appears negative due to several key factors, including an assumed decline in Brent crude prices to $50 per barrel by 2026, which could lead to a substantial reduction in refining and marketing earnings. The company's business model faces inherent risks from commodity price volatility, including the potential impact of environmental regulations that may decrease demand for traditional oil and gas products. Additionally, reduced production and project slowdowns, exemplified by workforce reductions at the Tengiz project, further contribute to uncertainty regarding Chevron's future profitability and cash flow generation.
This aggregate rating is based on analysts' research of Chevron and is not a guaranteed prediction by Public.com or investment advice.
Chevron (CVX) Analyst Forecast & Price Prediction
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