The European Union is considering adjustments to its methane emission regulations to simplify compliance for U.S. gas exports. This initiative aims to improve trade relations and prevent potential conflicts with the United States. Sources suggest that this move could help the EU address the trade imbalance highlighted by U.S. President Donald Trump, who has encouraged Europe to purchase more American oil and gas.
European Commission President Ursula von der Leyen has indicated that increasing imports of U.S. liquefied natural gas (LNG) could be part of the EU's strategy to reduce reliance on Russian gas by 2027. Among the companies that might benefit from this increased demand are Cheniere Energy (LNG), Chevron, Exxon Mobil, Shell, and TotalEnergies.
This potential policy shift comes as both regions seek to fortify economic ties and navigate complex trade dynamics, especially in the energy sector. Such developments could have significant implications for global energy markets and international environmental standards.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for Chevron Corp (CVX, Financial) is $171.29 with a high estimate of $197.00 and a low estimate of $140.00. The average target implies an upside of 24.24% from the current price of $137.87. More detailed estimate data can be found on the Chevron Corp (CVX) Forecast page.
Based on the consensus recommendation from 25 brokerage firms, Chevron Corp's (CVX, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Chevron Corp (CVX, Financial) in one year is $155.13, suggesting a upside of 12.52% from the current price of $137.87. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Chevron Corp (CVX) Summary page.
