Chevron Stock Just Got a New Street-High Price Target. How to Play CVX Here.

Chevron and insurers Zurich, Liberty Mutual, and Great American settled a $57M dispute over Iran's 2023 seizure of a Chevron oil tanker. The case was dismissed by a U.S. District Court. The insurers argued their policies did not cover the seizure, while Chevron cited Iranian hostility in the region. Settlement terms were not disclosed.

Ghana, GNPC, and GNPC Explorco signed a non-binding MoU with Shell and Chevron for the South Deepwater Tano Cape Three Points block. The deal, signed on September 1, 2026, aims to explore and produce oil and gas, with final terms subject to negotiation and approval. Ghana is reviewing its upstream framework to attract investment and boost output. Shell and Chevron expressed interest in further negotiations.

Chevron (CVX) announced agreements with Venezuela to invest over $7B in joint ventures, aiming to double production to 600,000 barrels per day by 2026. The deal includes expanded acreage and improved terms, with total costs below $20 per barrel. Chevron's CEO highlighted the country's resource potential and long-term value.

Chevron (CVX) announced agreements with Venezuela to update joint-venture terms, including new acreage and fiscal improvements. The company plans over $7B in spending, aiming to double production to 600,000 barrels per day at costs below $20 per barrel. Chevron operates in Venezuela through three joint ventures, with recent analyst price targets averaging $211.35. The company's broader project pipeline includes developments in Guyana, the Permian, and Australia, with long-term capital spending g

Chevron plans to double its oil rigs in Venezuela, aiming to increase production to 600,000 barrels per day by 2031. The company will invest over $7 billion in joint ventures, despite political and operational risks, according to CFO Eimear Bonner.

Iraq's Council of Ministers amended export rules, setting a 33,000 barrel/day crude oil export limit to Turkey under the Oil-for-Water agreement. The move aims to fund water projects. The cabinet also approved Chevron agreements and extended emergency oil sale procedures. According to the government, these steps ensure steady operations and address regional tensions.