UBS Reaffirms its Buy Rating on Chevron Corporation (CVX) with a Price Target of $197

Chevron Corporation (NYSE:CVX) is one of the 11 Most Profitable Blue Chip Stocks to Buy Right Now.

On September 26, 2025, after revealing the anticipated accounting effects of its $55 billion acquisition of Hess, UBS reaffirmed its Buy rating on Chevron Corporation (NYSE:CVX) with a price target of $197. Although Hess’s partial-quarter contribution may marginally boost adjusted earnings, the oil major expects transaction and severance costs to have a negative impact on third-quarter GAAP earnings.

Following a court struggle with ExxonMobil, the transaction was concluded in July. It raises capital spending by $1 billion to $1.25 billion in Q3 and adds 450,000 to 500,000 barrels of oil equivalent per day. Chevron Corporation (NYSE:CVX) expects long-term synergies from Hess assets despite these short-term costs, and during its Analyst Day on November 12, it will give comprehensive updates on upstream growth, return on capital, and pro-forma expenditures. The deal highlights Chevron Corporation (NYSE:CVX)’s strategic positioning in the face of ongoing global operating challenges and consolidation in the oil sector.

Through its subsidiaries, Chevron Corporation (NYSE:CVX) produces and refines oil, gas, and petrochemicals as part of its global integrated energy and chemicals operations through its Upstream and Downstream sectors. It is one of Most Profitable Stocks.

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