Chevron Corp stock hit a 52-week high of $169.97, supported by a Moderate Buy analyst consensus and optimism surrounding potential access to Venezuela's vast oil reserves.
- Optimism is fueled by potential U.S. access to Venezuela's 19.4 billion barrel reserves, leveraging Chevron's existing Gulf Coast operations following the capture of Maduro.
- Analysts maintain a Moderate Buy rating with a mean price target of $174.96, including Morgan Stanley's Overweight rating at $174.
- The stock's nearly 10% year-to-date gain significantly outperforms the S&P 500, bolstered by expansion plans like the Leviathan field capacity increase and a maintained 4.05% dividend yield.