TD Cowen Raises Chevron Price Target to USD 215.00
Chevron Corporation (ISIN US1667641005) saw its stock price reach EUR 184.06 at Lang & Schwarz on October 5, 2026, marking a 0.13% increase from the prior close of EUR 183.82. This movement came after TD Cowen raised its price target for Chevron from USD 205.00 to USD 215.00 on September 28, 2026, while maintaining a Hold rating.
The upgrade followed Chevron's strong second-quarter earnings report, which exceeded estimates. The company reported USD 6.06 in earnings per share, surpassing the USD 5.55 consensus estimate. Revenue for the quarter reached USD 67.20 billion, a 57.40% increase from the same period in 2025 and above the USD 62.72 billion estimate. The earnings beat and revenue gap provided a solid operational backdrop for the target increase.
Additionally, Chevron secured a one-year fuel contract valued at USD 418.00 million from the U.S. Defense Logistics Agency on September 18, 2026. The contract, structured as a fixed-price agreement with economic-price adjustment and indefinite delivery terms, added a smaller revenue signal.
As of October 2, 2026, Chevron's market capitalization stood at USD 411.8 billion, with a 52-week range of USD 146.49 to USD 217.78. Despite the positive earnings and contract news, the stock remains below its yearly high, reflecting a mixed outlook among investors.