Chevron stock gets an HSBC USD 250.00 target as Q2 revenue rises
Published on 09/30/2026 at 12:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Chevron stock (ISIN US1667641005) was trading at EUR 180.53 at Lang & Schwarz on September 30, 2026 at 12:44 p.m. CEST, up 0.27 percent from the prior close of EUR 180.05. The main new company-specific signal is HSBC's higher valuation call, while Chevron's latest quarterly revenue also exceeded expectations.
HSBC lifts its price target
According to Investing.com on September 25, 2026, HSBC raised its Chevron target from USD 218.00 to USD 250.00 and maintained a Buy rating. The USD 32.00 increase reflects Chevron's sensitivity to higher oil prices, although HSBC also identified lower 2027 US natural gas assumptions as a negative offset.
The new target is USD 250.00, while the primary exchange price was last at USD 204.39 on the NYSE on September 29, 2026 at 3:59 p.m. ET. That comparison puts the target USD 45.61 above the latest primary-exchange quote, but the reference price for this article remains the euro quote from Lang & Schwarz.
Quarterly revenue beats estimates
MarketBeat reported that Chevron's latest quarter delivered revenue of USD 67.20 billion, versus analyst estimates of USD 62.72 billion. The same report put adjusted EPS at USD 6.06, compared with consensus of USD 5.55, a USD 0.51 beat.
Chevron's revenue was up 57.4 percent from the same quarter a year earlier, according to MarketBeat. The scale of that increase matters because the integrated energy group remains highly exposed to upstream commodity prices, while its refining and distribution operations provide a second earnings channel.
Production and valuation in view
Chevron's latest production update cited by Yahoo Finance showed global output of 4.07 million barrels of oil equivalent per day, up 20.00 percent year over year. That growth gives the HSBC target a tangible operating foundation, but it also leaves cash generation sensitive to oil and gas prices.
Chevron's market capitalization was USD 407.1 billion on September 29, 2026. Its 52-week range was USD 146.49 to USD 217.78, placing the primary-exchange quote USD 13.39 below the high and showing that the stock remains near the upper end of its annual range.
Chevron stock trades higher
At Lang & Schwarz, Chevron stock was trading at EUR 180.53 on September 30, 2026 at 12:44 p.m. CEST, plus 0.27 percent versus the prior close of EUR 180.05 on September 29, 2026. The quote is intraday and uses the euro price as the reference for German investors.
Chevron stock facts
- Company: Chevron Corporation
- ISIN: US1667641005
- Ticker: CVX
- Primary exchange: NYSE
- Price Lang & Schwarz (as of September 30, 2026, 12:44 p.m. CEST): EUR 180.53
- Change versus prior close: plus 0.27 percent
- Prior close Lang & Schwarz (September 29, 2026): EUR 180.05
- Market capitalization: USD 407.1 billion (as of September 29, 2026)
- 52-week range: USD 146.49-217.78 (as of September 29, 2026)
- Sector / Industry: Energy / Integrated Oil and Gas
