
Chevron (CVX) Stock Forecast & Price Target
Chevron (CVX) Analyst Ratings
Bulls say
Chevron's strong financial outlook is supported by its substantial production capabilities, including an output of 3.0 million barrels of oil equivalent per day and proven reserves of 9.8 billion barrels of oil equivalent as of year-end 2024. The company's commitment to disciplined growth, alongside its strategic focus on both traditional and renewable energy sectors, positions it as a potential market leader in renewable fuels by 2030. Furthermore, Chevron's robust balance sheet and consistency in executing accretive mergers and acquisitions provide a defensive cushion during periods of commodity volatility.
Bears say
Chevron faces significant headwinds that contribute to the negative outlook on its stock, with projected scenarios indicating a potential decline in Brent crude prices to $50 per barrel by 2026, alongside weakening downstream earnings reminiscent of recession periods. The growing societal focus on environmental risks and climate change may lead to increased regulation of the oil and gas sector, which could sharply reduce both demand and the overall value of Chevron's traditional product offerings. Additionally, operational challenges are highlighted by slower progress in major projects such as Tengiz and the risk of OPEC production quotas impacting the company's output, further exacerbating its profitability concerns.
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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