Chevron’s stock may drop 13% due to oil price slump
Chevron’s stock is expected to decline 13% due to a drop in oil prices, with a target price of $152.52.
The company returned $27 billion to shareholders in 2025 and raised its dividend for the 39th straight year.
Chevron’s Q1 2026 earnings were mixed, with adjusted EPS of $1.41 beating the consensus estimate, but the stock has cooled off in June, down 8.55% over the past month.