Core Insights - Chevron Corporation (NYSE:CVX) is recognized as one of the 11 Energy Stocks suitable for a retirement portfolio [1] - The company announced a capital expenditure budget for FY2026 ranging from $18 billion to $19 billion, aligning with its annual CapEx guidance of $18 to $21 billion through 2030 [2][3] - Chevron aims to increase free cash flow by over 10% annually through 2030 while reducing costs and capital expenditures, with a target to cut costs by $3 billion to $4 billion by the end of next year [4] Financial Outlook - The capital expenditure for affiliate companies is projected to be between $1.3 billion and $1.7 billion [3] - Chevron expects its capital expenditure and dividend breakeven to remain below $50 per barrel of Brent crude through 2030 [4] Market Position - HSBC upgraded Chevron from 'Hold' to 'Buy', setting a price target of $169, indicating an upside potential of over 13% [5] - Chevron was also included in a list of 15 Long Term Stocks to Buy According to Reddit, highlighting its growing popularity among retail investors [5]

Joining us now with more on the market, Stephen Parker, JP Morgan uh private bank, co-head of global uh investment strategy. I I'll I guess I'll start with in a similar vein to with with Katie Stockton. She's um obviously looks at at technicals.You're more fundamentals. There's probably no one that that doesn't or hasn't heard that the market is fully valued. I think even uh Jay Powell intimated as much the other day also said that that doesn't necessarily mean that the market's ready to go down either beca ...