UBS raises target for Chevron stock from USD 220.00 to USD 235.00

Published on 10/09/2026 at 16:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS kept a Buy rating on October 8, 2026 and set a USD 4.93 estimate. Chevron stock costs EUR 190.06 versus EUR 188.75.

Key points in brief

UBS raised its Chevron price target from USD 220.00 to USD 235.00 on October 8, 2026.
Chevron reported USD 12.1 billion of earnings and USD 6.11 diluted earnings per share for the second quarter of 2026.
Chevron stock was trading at EUR 190.06 at Lang & Schwarz on October 9, 2026, up 0.69 percent from EUR 188.75.
Chevron's next quarterly earnings conference call is scheduled for October 30, 2026.

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Chevron stock (ISIN US1667641005) was trading at EUR 190.06 at Lang & Schwarz on October 9, 2026 at 4:34 p.m. CEST, up 0.69 percent from the EUR 188.75 prior close. On October 8, 2026, UBS raised its Chevron price target from USD 220.00 to USD 235.00 while maintaining a Buy rating, according to Investing.com. The revision puts refining margins and third-quarter estimates at the center of the Chevron story.

Chevron events build into October

On July 31, 2026, Chevron reported USD 12.1 billion of earnings, or USD 6.11 in diluted earnings per share, for the second quarter of 2026, according to TickerScout. The same period included revenue of USD 67.20 billion and adjusted earnings per share of USD 6.06, with revenue up 57.40 percent year over year, according to MarketBeat.

On October 1, 2026, Chevron scheduled its third-quarter 2026 earnings conference call for October 30, according to Business Wire. That date gives investors a fixed checkpoint for refining margins, production, cash flow and the effect of higher crude prices.

What does the target reset signal?

UBS lifted its third-quarter 2026 earnings-per-share estimate to USD 4.93 from USD 4.15 and above the USD 4.86 consensus, according to Investing.com. UBS also projected USD 16.30 billion of operating cash flow before working capital for the third quarter, versus USD 19.70 billion in the second quarter.

Chevron's October 6, 2026 Bakken restructuring adds a separate execution factor. The company agreed to transfer Hess Midstream interests and DJ Basin assets for USD 200.00 million in cash, while expecting a one-time after-tax loss of USD 3.00 billion to USD 4.00 billion, according to Chevron. The transaction is expected to close by year-end 2026.

Next dates for Chevron

The next scheduled date is October 30, 2026, for the third-quarter earnings conference call. Chevron also set January 1, 2027, for senior leadership changes, including new responsibilities for executives, according to Business Wire.

Chevron stock remains below its yearly high

At 4:34 p.m. CEST on October 9, 2026, the Lang & Schwarz price of EUR 190.06 stood below the USD 217.78 52-week high reported for the NYSE listing, so the two values are kept as separate currency references. Chevron's market capitalization was USD 424.3 billion on October 9, 2026, while its NYSE 52-week range was USD 146.49 to USD 217.78.

The further course of trading is shown by the continuously updated real-time quote of Chevron stock.