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Chevron boosts exploration spending 50% and targets $250 stock price with strong dividends.

Market News
25 Sep 2026
Gordon Thompson
View Source
Bullish
Chevron boosts exploration spending 50% and targets $250 stock price with strong dividends.

Chevron plans to increase its exploration budget by over 50%, focusing on the Eastern Mediterranean to secure future oil and gas reserves. An HSBC analyst set a $250 price target, indicating a 21.61% upside from current levels. Despite market volatility, Chevron maintains a strong commitment to shareholders with 39 consecutive years of dividend increases, highlighting its reliability as a dividend stock. This aggressive growth strategy aims to replace reserves and drive long-term growth after recent upstream challenges.

As of Sep 25, 2026 20:21 WIB, Chevron (CVX) trades at USD 203.24 on Pluang, down 1.14% for the day. The stock shows strong investor interest with an 89% buy order activity and offers a dividend yield of 3.46%. Despite the recent price dip, Chevron remains a significant player with a market cap of $403.40 billion on the platform.

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