Melius' updated price forecast implies that shares of Chevron could add 13% from here.
Get this delivered to your inbox, and more info about our products and services.
Key catalysts for Chevron are its Yellowtail project in Guyana and Tengizchevroil project in Kazakhstan, the bank said.
The oil giant beat expectations despite a bearish market for crude, which logged its biggest annual price decline since 2020.
Investors should buy shares of Chevron as the company’s exposure to the Middle East is relative to rivals, according to HSBC.
Venezuela signed an agreement with U.S. oil company Chevron Corp., allowing it to increase its participation in key projects and…
Chevron is the only U.S. oil major operating in Venezuela through a special license issued by the Treasury Department.
With the Hess merger now finalized, Chevron has put to rest years of uncertainty about its long-term value proposition.
