Chevron stock: BofA raises target to USD 252 ahead of the Xetra open
Published on 10/22/2026 at 07:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst action and market inputs
- Bank of America lifted its Chevron target to USD 252 from USD 227 on October 21, 2026.
- The analyst note cited a 7 percent decline in oil prices and higher refining margins and natural gas prices.
- Chevron stock trades pre-market at EUR 203.50 at 7:49 a.m. CEST at Lang & Schwarz on October 22, 2026.
On October 21, 2026, Bank of America raised its price target for Chevron to USD 252 from USD 227 while keeping a Buy rating, according to Markets Insider. Chevron stock trades pre-market at EUR 203.50 at 7:49 a.m. CEST at Lang & Schwarz on October 22, 2026.
Bank of America changes its target
The report said BofA maintained its Buy rating and cited third-quarter market developments, including a 7 percent decline in oil prices, a 60 percent rise in refining margins and a 38 percent increase in global natural gas prices. The report also discussed crude-shipping costs, fourth-quarter CDU growth and supply disruptions in Russia and the Middle East. Markets Insider identified the note as published on October 21, 2026.
Chevron’s operating model
Chevron explores for, produces, transports and refines energy products and also develops lower-carbon businesses, as described in its investor-relations materials. The company’s investor page presents oil, gas, refining and lower-carbon activities across its business. Market context: Market report S&P 500.
Pre-market tracking
The further course from the Xetra open at 9:00 a.m. CEST is shown by the continuously updated real-time quote of Chevron stock.
