Chevron (CVX) is trading up 0.43% at $167.44, moving in line with the broader market, supported by a 'Moderate Buy' rating and strong underlying fundamentals despite the absence of major announcements today.
- Analysts maintain a 'Moderate Buy' rating, setting an average price target of $169.26, suggesting a 6% upside.
- The company continues to benefit from Venezuela opportunities and its Q3 production record of 4.1 million barrels per day.
- Minor corporate news includes the planned sale of Singapore assets by Q1 FY26.