HSBC Lifts Chevron Price Target to USD 250 on Strong Earnings

HSBC has raised its price target for Chevron to USD 250, maintaining its Buy rating. The increased target of USD 32 gives HSBC's latest view a clear commodity-market anchor.

The broader analyst picture is positive but not uniform. Twenty analysts rate the stock Buy, five rate it Hold, and one rates it Sell, producing a Moderate Buy consensus and an average target of USD 211.35.

Chevron's second-quarter revenue rose 57.40 percent year over year, while adjusted earnings per share exceeded the consensus estimate by USD 0.51. The company also paid a quarterly dividend of USD 1.78 on September 10, 2026.