Chevron (CVX) is trading lower by 1.08% at $179.27, reflecting a broader market risk-off shift driven by higher-than-expected jobless claims and significant January job cuts.
- Despite recent momentum from Gulf production, analysts flag a projected 13.2% decline in 2026 EPS and note the stock's stretched valuation relative to competitors like ExxonMobil.
- The analyst consensus remains a Buy rating with a $174.17 2026 target, supported by oil prices which rose 3.5% yesterday to $65.30/bbl due to geopolitical tensions.