These Analysts Increase Their Forecasts On Chevron Following Upbeat Q2 Earnings

Benzinga Earnings
08/03

Chevron Corporation (NYSE:CVX) on Friday reported better-than-expected second-quarter 2026 results.

Adjusted EPS of $6.06 beat the $5.56 estimate. Total revenues and other income rose 56.3% to $70.06 billion, topping the $61.97 billion estimate.

“Faced with geopolitical uncertainty and market volatility, Chevron’s people remain focused on safely delivering the reliable energy the world needs,” Chevron CEO Mike Wirth said. “Our strong second quarter performance is a result of disciplined investment and strong execution that drove record U.S. upstream production, record crude throughput in our U.S. refineries, and exceptional reliability across key assets.”

Chevron shares fell 0.8% to trade at $195.38 on Monday.

These analysts made changes to their price targets on Chevron following earnings announcement.

  • Barclays analyst Betty Jiang maintained the stock with an Equal-Weight rating and raised the price target from $213 to $216.
  • Bernstein analyst Bob Brackett maintained the stock with a Market Perform and raised the price target from $204 to $209.

Considering buying CVX stock? Here’s what analysts think:

Photo via Shutterstock

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