Chevron Corporation (NYSE:CVX) is included among the 12 Best LNG Stocks to Buy in 2026.
Photo by Luis Ramirez on Unsplash Chevron Corporation (NYSE:CVX) manufactures and sells a range of high-quality refined products, including gasoline, diesel, marine and aviation fuels, premium base oil, finished lubricants, and fuel oil additives
On May 22, Morgan Stanley analyst Devin McDermott raised the firm’s price target on Chevron Corporation (NYSE:CVX) from $212 to $214, while keeping an ‘Overweight’ rating on the shares. The target boost represents an upside of almost 12% from the current levels. Chevron garnered positive attention from a number of analysts after the company exceeded earnings estimates in its Q1 report earlier this month.
The oil major’s upstream business received a significant boost from the soaring oil prices amid the US-Iran war. However, it needs mentioning that while analysts seem bullish on Chevron, Berkshire Hathaway trimmed its stake in the company by selling around $8 billion worth of its stock in the first quarter. The Omaha-based conglomerate capitalized on the soaring oil prices, which pushed the American energy giant’s stock to a record high ( details here).