Goldman Sachs raises target for Chevron stock to USD 241

Published on 10/21/2026 at 11:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs lifted its target to USD 241 on October 20, 2026. Chevron stock was EUR 201.28 at Lang & Schwarz in trading on October 21, 2026.

Chevron target and earnings calendar

Goldman Sachs raised its Chevron target to USD 241 on October 20, 2026.
Chevron reported USD 67.20 billion in revenue for the second quarter of 2026.
Chevron stock traded at EUR 201.28 at 11:16 a.m. CEST at Lang & Schwarz on October 21, 2026.

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Chevron Corporation (US1667641005) stock is priced at EUR 201.28 at Lang & Schwarz on October 21, 2026 at 11:16 a.m. CEST. Investing.com reported on October 20, 2026 that Goldman Sachs raised its Chevron target from USD 228.00 to USD 241.00 while maintaining a Buy rating.

The target moves higher

Goldman Sachs said the revision reflected higher energy-market multiples, using an 8.5x enterprise-value-to-discretionary-cash-flow multiple instead of 8.0x. Its earnings-per-share estimates for 2026, 2027 and 2028 were USD 17.77, USD 15.27 and USD 13.66, respectively, according to Investing.com.

What does the target change mean?

The revision gives investors a fresh valuation marker before Chevron's next report, but Goldman Sachs identified commodity prices, refining margins and operating execution as key risks. Those factors matter because the target depends on mid-cycle assumptions rather than a fixed oil-price outcome.

Three dated Chevron catalysts

On July 31, 2026, Chevron reported second-quarter revenue of USD 67.20 billion and adjusted earnings per share of USD 6.06, according to MarketBeat. On October 1, 2026, Chevron announced that its third-quarter earnings call would take place on October 30, 2026 at 11:00 a.m. ET, as stated in the company's release.Chevron On October 20, 2026, Goldman Sachs raised its target to USD 241.00 from USD 228.00.

Next reporting date

Chevron's next reporting event is the third-quarter earnings call on October 30, 2026 at 11:00 a.m. ET, with earnings materials scheduled before the call according to Chevron.

Chevron stock in euros

The euro quotation gives German investors a direct reference point ahead of the earnings event. Chevron was trading at EUR 201.28 at Lang & Schwarz on October 21, 2026 at 11:16 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Chevron stock.