Stocks
Chevron Gets HSBC Boost to $250 Target Amid Strong Q2 Revenue
Chevron's stock price has received an upward revision from HSBC, which now expects it to reach $250.00 per share.
This new target reflects Chevron's sensitivity to rising oil prices, although HSBC also noted that lower US natural gas assumptions in 2027 could be a negative factor.
Chevron's latest quarterly revenue exceeded analyst estimates at $67.20 billion, while its adjusted EPS came in at $6.06, beating consensus forecasts by $0.51.