Chevron Corporation (NYSE:CVX) ranks among the best retirement stocks to buy now.
On May 5, RBC Capital maintained its Outperform rating on Chevron Corporation (NYSE:CVX) and set a $220 price target
The firm pointed out that although considerable free cash flow was projected in the coming months, Chevron decided to stick with its current strategy, capital structure, and payouts. Meanwhile, UBS boosted Chevron Corporation (NYSE:CVX)’s price objective to $220 from $218, maintaining a Buy rating on the company’s shares. The firm referenced Chevron’s first-quarter 2026 earnings, which exceeded estimates despite timing-related hurdles.
The Middle East crisis had no direct impact on Chevron’s assets, and operations temporarily suspended for safety reasons have since resumed. Beyond the reversal of timing effects, UBS highlighted a number of possible earnings upside catalysts for the second and third quarters of 2026. Notably, because the Tengiz-Chevroil project exceeds nameplate capacity, the firm anticipates volumes from Kazakhstan and Eurasia to increase by 60% in Q2 compared to Q1.