Key Takeaways:
- Chevron’s Venezuelan operations face significant challenges due to PDVSA’s revocation of export permissions.
- Analysts see potential for a 30.10% upside in Chevron's stock, with an average price target of $175.61.
- GuruFocus estimates a GF Value for Chevron at $157.00, signaling a 16.31% upside.
Chevron (CVX, Financial) has hit a roadblock as the Venezuelan state oil company, PDVSA, has rescinded export permissions. This unexpected move has put a stop to the oil titan's crude shipments from Venezuela. The halt comes on the heels of U.S. tariffs and the revocation of operating licenses in Venezuela, which have nullified Chevron's prior sanctions exemption. This situation could impact Chevron’s strategic plan to transport 250,000 barrels per day (bpd) to the United States.
Wall Street Analysts Forecast
According to predictions from 22 Wall Street analysts, Chevron Corp's (CVX, Financial) average one-year price target stands at $175.61. Their projections range from a high of $203.00 to a low of $143.00. This average target implies a notable upside potential of 30.10% compared to the current trading price of $134.98. Investors seeking more detailed estimates can visit the Chevron Corp (CVX) Forecast page.
The consensus recommendation from 25 brokerage firms positions Chevron Corp (CVX, Financial) as "Outperform" with an average brokerage recommendation of 2.1. Ratings are on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 signifies a Sell.
GuruFocus's proprietary metrics estimate Chevron Corp's (CVX, Financial) GF Value at $157.00 within a year, suggesting a 16.31% upside from its current price of $134.98. The GF Value offers an insightful estimate of the stock's fair trading value, calculated considering historical trading multiples, past growth, and anticipated future performance. For more comprehensive data, visit the Chevron Corp (CVX) Summary page.
