RBC Capital and UBS Stay Bullish on Chevron (CVX) Following Strong Q1 Results

Meanwhile, UBS boosted Chevron Corporation (NYSE:CVX)’s terms nonsubjective to $220 from $218, maintaining a Buy standing connected the company’s shares. The steadfast referenced Chevron’s first-quarter 2026 earnings, which exceeded estimates contempt timing-related hurdles.

The Middle East situation had nary nonstop interaction connected Chevron’s assets, and operations temporarily suspended for information reasons person since resumed. Beyond the reversal of timing effects, UBS highlighted a fig of imaginable net upside catalysts for the 2nd and 3rd quarters of 2026.

Notably, due to the fact that the Tengiz-Chevroil task exceeds nameplate capacity, the steadfast anticipates volumes from Kazakhstan and Eurasia to summation by 60% successful Q2 compared to Q1.

Chevron Corporation (NYSE:CVX) is simply a multinational vigor institution that explores, produces, refines, and sells lipid and earthy state products, including proscription fuels and lubricants.

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