Chevron stock gains on a higher BMO target
Published on 09/08/2026 at 17:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Chevron stock (ISIN US1667641005) draws support from a new call by BMO Capital: on September 3, 2026, Phillip Jungwirth raised the price target on CVX from USD 210 to USD 235 and kept an Outperform rating. The move followed Chevron's all-time high close of USD 211.78 on September 2, 2026.
Target raised, shares near a high
The latest note implies more room above the recent peak, and it also fits the broader view that the stock has already surged almost 34 percent since the start of 2026. A higher target matters here because Chevron was already trading close to its record level when the upgrade landed.
Market data in the same period show Chevron at USD 208.48 on September 8, 2026, with a market capitalization of USD 411.91 billion, a 52-week range of USD 146.49 to USD 214.71 and a prior close of USD 213.24. That combination leaves the shares only a step below the high set on September 2, 2026.
Quarterly figures still set the tone
The most recent quarter, reported on July 31, 2026, showed adjusted EPS of USD 6.06 and revenue of USD 67.20 billion, according to MarketBeat. Revenue was up 57.4 percent year over year, while EPS rose from USD 1.77 in the same quarter of 2025.
That comparison is the key takeaway for investors: the stock is not just reacting to a price target, but to a quarter that paired USD 6.06 EPS with USD 67.20 billion in sales and a 57.4 percent revenue increase. The same report put net margin at 9.57 percent and return on equity at 11.09 percent.
Venezuela stays in view
The current debate around Chevron is shaped by its Venezuela expansion. Yahoo Finance reported on September 7, 2026 that the company plans to invest more than USD 7 billion over five years to double production in the country to about 600,000 barrels per day.
That project gives the stock a second support point beside the earnings beat. It also adds a concrete operational target that investors can measure against the next production and cash flow updates.
Chevron's core business
Chevron Corporation's main businesses remain upstream oil and natural gas, refining and marketing, and petrochemicals, with brands including Chevron, Texaco and Caltex. The company also said in the September 7, 2026 coverage that it expects total production costs to stay below USD 20 per barrel and still aims to deliver USD 3 billion to USD 4 billion in structural cost reductions by the end of 2026.
Dividend date is set
Chevron stock last traded at USD 208.48 on September 8, 2026, against a 52-week high of USD 214.71 and a market capitalization of USD 411.91 billion. The next dated cash event in the material is the dividend payment on September 10, 2026, at USD 1.78 per share.
Chevron stock key data
- Company: Chevron Corporation
- ISIN: US1667641005
- Ticker: CVX
- Trading venue: NYSE
- Price (as of September 8, 2026): USD 208.48
- Market capitalization: USD 411.91 billion (as of September 8, 2026)
- Sector / Industry: Energy / Oil, Gas and Consumable Fuels
- Index membership: S&P 500
