Chevron is expected to report consensus revenue of approximately $48.18 billion and an adjusted EPS of $1.53, with the stock currently trading near $167.50 against an average analyst price target of $174.50. Investors are primarily focused on the company's production growth targets, particularly in the Permian Basin and the outcome of strategic developments in Venezuela.
Recent performance has been buoyed by record upstream production, though the company faces headwinds from a global oil surplus and lower price realizations compared to the previous year. Additionally, analysts are closely monitoring capital expenditure guidance and progress on the TCO project in Kazakhstan as key drivers for 2026 cash flow.