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Chevron's strong earnings, AI power deal, and cost cuts hint at 20% stock gain potential in 2027.

Market News
30 Sep 2026
24/7 Wall Street
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Bullish
Chevron's strong earnings, AI power deal, and cost cuts hint at 20% stock gain potential in 2027.

Chevron reported record U.S. production and refinery performance in Q2, beating earnings estimates for seven straight quarters. The company secured a 20-year AI power deal with Microsoft and achieved $3 billion in annual cost savings early. Despite Wall Street's modest price target, Chevron's valuation remains below the market average, and management projects over 10% annual cash flow growth through 2030. These factors suggest Chevron could reach $250 per share in 2027, a 20% gain from current levels, supported by growth in Guyana, refining profits, and shareholder returns like dividends and buybacks.

Chevron's strong quarterly results and strategic moves highlight its resilience in the energy sector. On Pluang, Chevron (CVX) trades at USD 206.60, up 1.08% for the day as of Oct 01, 2026 00:41 WIB, with a dividend yield of 3.48%. The stock remains below its 52-week high of USD 217.73, reflecting ongoing investor interest amid solid fundamentals.

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