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]