TD Cowen increased its price target for Chevron from $215.00 to $225.00 per share.
bullish 65 · impact 30
Salesforce, Chevron share gains lead Dow's 151-point jump.
Barron's published analyst notes on seven companies. Chevron was initiated with a Buy on its Venezuela position. Coinbase estimates were raised on volume gains. Chewy's membership revamp was deemed not yet material. IMAX beat Q3 box office estimates. Black Hills secured a major Google data center deal. Sportradar sold Atrium Sports.
bullish 65 · impact 30Chevron evacuates most Gulf personnel due to Isaias, shuts 5 platforms.
bearish 35 · impact 30
UBS increased its price target for Chevron from $220.00 to $235.00 per share.
bullish 65 · impact 40Chevron stated it continues adhering to established storm response protocols at its onshore sites. The brief update did not specify any operational disruptions, evacuations, or production impacts. The statement suggests the company is monitoring conditions and following standard procedures.
neutral 50 · impact 10
Chevron has started shut-in procedures for production at four Gulf of America facilities as Tropical Storm Isaias approaches. Personnel are being moved onshore. Five other Gulf facilities continue normal operations.
bearish 35 · impact 40
Chevron will transfer its ownership in Hess Midstream and DJ Basin crude midstream assets in exchange for improved Bakken midstream terms and $200 million cash. The company expects a one-time after-tax loss of $3-4 billion and to deconsolidate ~$3.7 billion in debt. The deal is expected to close by year-end 2026.
bullish 70 · impact 60
Chevron revised Bakken midstream agreements to cut costs ~50% and lift ROCE 0.5%. The future savings cannot be recognized as an asset. Deal close targeted by end-2026.
bullish 70 · impact 50
The transaction is expected to lower costs in the Bakken and raise return on capital employed, Chevron said.
neutral 50 · impact 40
Chevron stated that a deal supports competitive upstream development activity. No further details were provided.
bullish 60 · impact 20
Chevron is divesting its ownership interests in Bakken midstream assets in exchange for extended and improved commercial terms. The restructuring aims to enhance the company's midstream economics in the region.
bullish 70 · impact 60
Chevron said a pending transaction would increase its return on capital employed by half a percentage point, measured on an absolute basis.
bullish 65 · impact 30
Chevron ($CVX) announced executive changes effective January 1, 2027. Mark Nelson will remain Vice Chairman but no longer serve as EVP of Oil, Products & Gas. CFO Eimear Bonner will become President of Oil, Products & Gas. Jeff Gustavson, currently President of New Energies, was elected CFO with a $1M base salary and 110% target bonus.
neutral 50 · impact 40
