Chevron Corporation (CVX) Upgraded to Buy as Hess Acquisition Strengthens Guyana Exposure

NodeGuardian · 2026-03-28T16:28:35+00:00

Chevron Corporation (CVX) is upgraded to a Buy rating by Melius with a $205 price target, fueled by strong shareholder returns, strategic exploration, and enhanced cash flow, especially through its acquisition of Hess and potential developments in Venezuela.

NodeGuardian

2026-03-28 16:28:35

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Chevron Corporation (CVX) has been upgraded to a Buy rating by Melius with a $205 price target, driven by its focus on shareholder returns, exploration in high-impact areas, and cash collection improvements. The acquisition of Hess significantly strengthens Chevron’s exposure to the Guyana oil discoveries. Furthermore, potential developments in Venezuela could further enrich Chevron through increased access to additional oil blocks.

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