
Chevron CVX.N Q4 profit fell on Friday, but still topped estimates as co cut costs and improved efficiency to offset lower crude prices expected through 2025
Median PT of 28 brokerages covering the stock is $179 - data compiled by LSEG
CUTTING FOR LIFT
Piper Sandler ("overweight," PT: $177) says co’s efficient portfolio, cost cutting and an eventual oil price recovery leave it well-placed to grow
Morningstar (fair value: $171) says co can raise its Venezuelan output over the next couple of years, but any further expansion will likely require clearer regulatory conditions
Evercore ISI ("outperform," PT: $180) says the Hess deal adds a low-cost cash generator, while cost cuts, maturing U.S. assets and Tengizchevroil (TCO), the Kazakh mega‑oilfield venture, strengthen the oil-focused portfolio
Barclays ("equal weight," PT: $172) says it sees upside to the 2026 outlook, with benefits likely carrying into the next year from wider surfactant use, progress easing constraints at TCO and structural cost savings