Chevron Stock Gains Support from Analysts Amid Production Expansion Plans
Chevron stock has seen support from analysts in recent weeks, leading to a boost in its price. As of mid-September 2026, Goldman Sachs maintained a Buy rating on Chevron and raised its price target to USD 240, citing the company's production expansion plans as a key driver.
The analyst consensus is Strong Buy, with an average price target of USD 221.47, representing about 4 percent upside versus the referenced share price of USD 217.77 on September 17, 2026. Twenty-six brokerages covering Chevron have assigned the shares a consensus rating of Moderate Buy, with one sell and five hold recommendations.
Chevron's current fiscal year revenue forecast is USD 228.32 billion, while earnings per share are expected to be USD 16.13. The company's commitment to invest in Venezuela through a USD 7 billion investment over five years has also been seen as a positive development by analysts.