Barclays Raises PT on Chevron Corporation (CVX) to $180 From $172 – Here’s Why

Group 1 - Chevron Corporation (NYSE:CVX) is currently considered one of the best oil stocks to buy, with Barclays raising its price target to $180 from $172 and maintaining an Overweight rating [1] - Barclays has increased its 2026 oil price estimates due to the Iran war, highlighting that the cash flow benefits for the exploration and production group are still underappreciated [1] - Piper Sandler also updated its rating on Chevron, raising the price target to $242 from $179, while reiterating an Overweight rating, and expects 2026 crude balances to tighten by about 2.0 Mb/d compared to previous expectations [2] Group 2 - Chevron provides a range of oil and gas energy solutions, including crude oil and natural gas, transportation fuels, petrochemicals, lubricants, and additives, with operations divided into Upstream and Downstream segments [3]