Argus Research raises PT on oil major Chevron
ReutersFeb 3, 2026 2:59 PM
Argus Research raises PT on Chevron CVX.N to $203 from $183
New PT represents a 16.6% upside to stock's last close
Brokerage cites Q4 earnings beat; says CVX has consistently prioritized shareholder returns across various oil-price cycles and is positioned for continued growth following recent project start‑ups and acquisitions
Chevron’s completion of its Hess acquisition removes a major overhang and boosts long‑term growth outlook, adding meaningful cash‑flow accretion and strengthening the co's multi‑year strategy - Argus Research
17 of 28 brokerages rate the stock "buy" or higher, 10 "hold" and 1 "sell" ; median PT is $180 - data compiled by LSEG
In 2025, CVX rose 3.8%
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