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Investing.com - UBS maintained its Buy rating on Chevron (NYSE:CVX) with a price target of $197.00 ahead of the company’s third-quarter 2025 financial results. According to InvestingPro data, the stock currently trades below its Fair Value, with analysts’ targets ranging from $124 to $197.
UBS analyst Josh Silverstein expects Chevron’s earnings per share to decline sequentially to $1.65 from $1.77, primarily due to the Hess acquisition.
The firm anticipates limited operational and strategic updates during the quarterly report, as these will likely be reserved for Chevron’s upcoming Analyst Day on November 12.
At the Analyst Day, UBS expects Chevron to provide updates on upstream volume growth, Hess synergy capture, return on capital plans, and the pro-forma capital expenditure outlook.
UBS identified several key growth drivers for Chevron in the latter half of the decade, including operations in Guyana, Eastern Mediterranean, potentially Argentina, and Chevron’s Power Venture.
In other recent news, Chevron announced that Kevin McLachlan will take over as Vice President of Exploration starting November 1, succeeding Liz Schwarze, who is set to retire in February 2026. The company also reported that a fire at its El Segundo refinery has been extinguished, and operational adjustments are being made to ensure continued safe operations. Additionally, Chevron is in the process of selling pipeline assets in the Denver-Julesburg shale basin, which could bring in more than $2 billion, with Bank of America assisting in the sale. A recent explosion at the El Segundo refinery had caused significant flames, but the situation has since been managed. Furthermore, TD Cowen has raised Chevron’s stock price target to $160 from $155, maintaining a Hold rating, following the integration of Hess’s earnings into Chevron’s third-quarter guidance. These developments reflect Chevron’s ongoing strategic and operational adjustments in the current market landscape.
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