Chevron Corporation is a multinational energy company engaged in all aspects of the oil and gas industry, including exploration, production, refining, and marketing of crude oil and natural gas. The company operates in various regions around the world, focusing on both conventional and unconventional resources. In addition to its fossil fuel operations, Chevron is also investing in renewable energy technologies, such as biofuels and geothermal energy, as part of its commitment to transitioning towards a more sustainable energy future. Through its extensive supply chain, Chevron provides fuels and lubricants for transportation, industrial, and commercial needs, while also prioritizing safety and environmental stewardship in its operations. Read More
On Thursday, stocks succumbed to concerns about tariffs and macroeconomic worries, which offset the optimism generated by solid quarterly results from Meta and Microsoft.
Evercore ISI resumed coverage of Chevron with an ‘Outperform’ rating and $180 price target and noted that the Hess acquisition boosts Chevron's upstream trajectory, particularly in Guyana.
Energy stocks have come under pressure as global commodity market swings collide with intensifying geopolitical and regulatory headwinds. In recent weeks, crude oil and natural gas prices have seesawed in response to conflicting signals from OPEC+ production strategies, weakening Chinese demand, and emerging policy shifts in the U.S. and
A new grant for Venezuelan oil rights is creating a new upside scenario potential for shares of Chevron in the future as an opportunity for shareholders.
