Chevron (CVX) News Today

Chevron Corporation (NYSE:CVX) shares are trading lower today amid mixed developments on exploration contracts, analyst ratings and corporate initiatives. Investors are weighing positive exploration wins and analyst upgrades against recent price-target cuts and sideways market signals.

• Positive Sentiment: Greece is looking to finalize a gas exploration contract with Chevron this year, potentially opening new upstream opportunities in the Mediterranean.Greece seeks to finalise Chevron gas exploration contract this year, says minister
• Positive Sentiment: Chevron is set to launch the Korikori-1 drilling campaign in Suriname’s Block 5, marking a key step in offshore exploration that could unlock new reserves.Chevron to Launch Korikori-1 Drilling Campaign in Suriname's Block 5
• Positive Sentiment: Legendary investor Jim Cramer publicly endorsed Chevron, stating “I think you can own this,” which may bolster bullish sentiment among retail investors.Jim Cramer on Chevron: “I Think You Can Own This”
• Positive Sentiment: Scotiabank raised its price target on Chevron shares from $160 to $165, reflecting a 10.7% upside and maintaining a Sector Perform rating.Scotiabank Issues Positive Forecast for Chevron (NYSE:CVX) Stock Price
• Positive Sentiment: Chevron expanded its India hub to boost digital and AI capabilities, aiming to enhance operational efficiency and technology-driven exploration.Chevron expands India hub to boost digital and AI capabilities
• Positive Sentiment: The Motley Fool highlighted Chevron as one of two high-yield energy stocks to buy and hold forever, underlining its attractive dividend profile.2 High-Yield Energy Stocks to Buy With $1,000 and Hold Forever
• Neutral Sentiment: Options data shows large “whale” trades in CVX contracts, indicating significant interest but unclear directional bias.Check Out What Whales Are Doing With CVX
• Neutral Sentiment: Scotiabank maintained its Sector Perform recommendation on Chevron, signaling confidence in the stock’s performance but no immediate rating upgrade.Scotiabank Maintains Chevron (CVX) Sector Perform Recommendation
• Neutral Sentiment: Local North Dakota oil markets are reacting to the Chevron-Hess merger, creating some volatility in regional production and service sectors.North Dakota Oil Heartland Feels Aftershock of Chevron, Hess Corp. Merger
• Neutral Sentiment: Chevron appointed veteran Kevin McLachlan to lead global exploration, a leadership shift likely designed to drive future growth in upstream projects.Chevron Appoints Kevin McLachlan to Lead Global Exploration
• Neutral Sentiment: TD Cowen analyst Jason Gabelman reiterated a Hold rating on CVX with a $160 price target, balancing current challenges against long-term opportunities.Chevron’s Hold Rating: Balancing Current Challenges with Future Opportunities
• Negative Sentiment: Barclays cut its price target for CVX to $158, citing concerns that may dampen near-term upside.Barclays Cuts Chevron (NYSE:CVX) Price Target to $158.00
• Negative Sentiment: An instant alert noted Chevron stock trading down 1.4% and questioned whether it’s time to sell, reflecting short-term bearish pressure.Chevron (NYSE:CVX) Stock Price Down 1.4% - Time to Sell?