Chevron Stock Hits New 52-Week High on Strong Earnings
Chevron stock has hit a new 52-week high after strong second-quarter earnings and upbeat energy-market signals. The company's revenue surged 56% year-over-year to $70.06 billion, with net income jumping fivefold to over $12 billion.
Free cash flow swung from negative $1.55 billion in Q1 2026 to a strongly positive $18.10 billion in Q2 2026, thanks in part to working-capital reversals. This turnaround has supported a robust analyst backdrop for Chevron stock, with a consensus rating of Moderate Buy and an average published price target of $211.35.
CEO Mike Wirth has warned about tightening global oil supplies following disruptions such as the shutdown of a major Saudi Arabian pipeline. This adds geopolitical and commodity-price volatility to the investment case.