TD Cowen raises target for Chevron stock from USD 205.00 to USD 215.00

Published on 10/05/2026 at 11:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached USD 67.20 billion in the second quarter, up 57.40 percent year over year. Chevron stock costs EUR 184.06 on October 5, 2026 after EUR 183.82.

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Chevron stock (ISIN US1667641005) was trading at EUR 184.06 at Lang & Schwarz on October 5, 2026 at 11:00 a.m. CEST, up 0.13 percent versus the prior close of EUR 183.82. On September 28, 2026, TD Cowen raised its Chevron price target from USD 205.00 to USD 215.00 while keeping a Hold rating, as Markets Insider reported.

Second-quarter earnings beat estimates

MarketBeat reported that Chevron delivered USD 6.06 in earnings per share for the second quarter of 2026, above the USD 5.55 consensus estimate. Revenue reached USD 67.20 billion, up 57.40 percent from the second quarter of 2025 and above the USD 62.72 billion estimate.

The earnings comparison gives the target increase a concrete operating backdrop. The USD 0.51 earnings-per-share beat was accompanied by a USD 4.48 billion revenue gap versus consensus, although the figures remain tied to the second quarter rather than the October trading session.

Contract adds a smaller revenue signal

Chevron also received a one-year fuel contract valued at USD 418.00 million from the U.S. Defense Logistics Agency on September 18, 2026, according to Morningstar. The award is structured as a fixed-price contract with economic-price adjustment and indefinite delivery terms.

Stock remains below its yearly high

Chevron had a USD 411.8 billion market capitalization as of October 2, 2026. Its USD 146.49 to USD 217.78 52-week range places the Lang & Schwarz euro quote in a market context, but the currencies and venues are different and are not combined into one distance calculation.

The NYSE-listed company operates across upstream and downstream energy businesses, while the S&P 500 membership keeps Chevron visible beyond the integrated oil group. For investors, the central tension is clear: the latest quarter supplied stronger earnings evidence, while the Hold rating shows that higher targets do not amount to a uniform bullish view.

Chevron stock stays near its upper range

Chevron stock was trading at EUR 184.06 at Lang & Schwarz on October 5, 2026 at 11:00 a.m. CEST, plus 0.13 percent versus the Lang & Schwarz prior close of EUR 183.82 on October 2, 2026. The further course of trading is shown by the continuously updated real-time quote of Chevron stock.