Analyst Trims Chevron (CVX) Price Target to $179

Group 1 - Chevron Corporation (NYSE:CVX) is recognized as one of the 10 Best Natural Gas Stocks to Buy Right Now [1] - Citi has reduced its price target for Chevron from $185 to $179 while maintaining a 'Buy' rating, indicating an upside of over 9% from the current share price [3] - The reduction in price target reflects updated estimates for Q4 2024, which include marginally higher oil and gas prices and refining margins, despite increased downtime in the upstream sector [3] Group 2 - Chevron is positioned to benefit significantly from the US military operation to seize Nicolás Maduro, as regime change could allow American energy firms to reestablish operations in Venezuela [4] - The company is the largest foreign investor in Venezuela, operating under a US license that allows it to produce and export oil, with approximately 25% of its operations in the country, producing around 250,000 barrels per day [4][5] - Chevron's established presence in Venezuela provides it with a significant advantage in accessing the world's largest oil reserves, despite the need for considerable time and investment to revive the oil sector [5]