Chevron Corporation

• CVX Stock Price 24h change: -0.06%. From 166.73 USD to 166.66 USD. The slight decline reflects market caution as investors assess a rise in U.S. crude inventories and cooling geopolitical premiums despite ongoing uncertainty in Venezuela and Iran.
• From a technical perspective, the stock is in a "Neutral to Bullish" phase: CVX is trading above its 50-day (166.42) and 200-day (156.27) moving averages, signaling long-term strength, while a 14-day RSI of 50.68 indicates balanced momentum. Key resistance sits at 168.90, with immediate support at 165.00.
• Chevron's Tengizchevroil venture in Kazakhstan announced a precautionary 7-10 day production halt as of January 23, following regional infrastructure concerns, potentially tightening short-term supply.
• Analysts expect Q4 earnings to be released on January 30, with a consensus EPS of $1.53, reflecting a year-over-year decline despite a projected 0.8% increase in revenue to $52.66 billion.
• Chevron recently took a Final Investment Decision (FID) on the Leviathan gas expansion project, aiming to boost regional supply and long-term cash flows from its Mediterranean assets.
• Global oil markets remain on edge as Venezuelan crude exports slumped to 300 kb/d in early January due to a U.S. blockade of sanctioned tankers, while Brent prices stabilized near $64/bbl.
• U.S. natural gas futures surged 75% in three days to their highest level since 2022 as extreme arctic cold grips the U.S., triggering a massive short squeeze and peak heating demand.

• CVX Stock Price 24h change: +0.87%. From 165.30 USD to 166.73 USD. The gain was driven by a wave of analyst upgrades, including JPMorgan's "Overweight" rating, alongside strong sector momentum and high dividend appeal.
• From a technical perspective, CVX exhibits a "Strong Buy" posture as price holds above its 50-day (163.84) and 200-day (154.46) moving averages. While the 14-day RSI (53.65) is neutral, indicating room for growth, the MACD (0.78) provides a bullish crossover signal, supporting a continued upward trend toward recent highs.
• JPMorgan reinstated coverage of Chevron with an "Overweight" rating and a $176 price target, citing post-Hess merger synergies and a $3B-$4B structural cost savings plan by 2026.
• Chevron is in exclusive talks to supply natural gas-fired power to a major data center, leveraging its massive domestic production base to capitalize on the AI energy demand boom.
• Reports indicate Chevron is finalizing the sale of its 50% stake in the Singapore Refining Company for over $1 billion, as part of its strategy to divest mature assets for higher-margin projects.
• The International Energy Agency (IEA) forecast global oil demand to grow by 930 kb/d in 2026, driven by a normalization of economic conditions and lower average prices compared to the previous year.
• Brent crude prices fluctuated between $64 and $66 per barrel in January due to geopolitical tensions in Venezuela and Iran, directly impacting the revenue outlook for integrated oil majors.