Chevron's (CVX) Strong Asset Outlook Offsets Lower Oil Prices, Says UBS

Chevron Corporation (NYSE:CVX) ranks among the best low volatility stocks to buy according to analysts. UBS reaffirmed its Buy rating and price target of $177 on Chevron Corporation (NYSE:CVX) on July 11 in anticipation of the oil giant’s 2025 second-quarter earnings report. Given the decline in oil prices, the investment bank expects Chevron to post reduced quarter-over-quarter profitability. However, it also expects its Permian Basin, Gulf of America, and Tengizchevroil (TCO) assets to perform well.

The planned acquisition of Hess Corporation was the main focus of Chevron Corporation (NYSE:CVX) investors, according to UBS, which predicted the transaction would conclude in the third quarter of 2025.

The next major event after the Hess merger is Chevron’s November Analyst Day, where, according to the investment bank, the company is likely to present its growth strategy.

Chevron Corporation (NYSE:CVX), based in San Ramon, California, is a major American global energy company that specializes in the oil and gas industry. Founded as the Standard Oil Company of California, it is the second-largest direct descendant of Standard Oil.

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