Chevron remains a strong buy, boosted by higher oil prices and stable cash flow from Leviathan gas operations.

Chevron Corporation is rated a strong buy due to its solid fundamentals, strategic diversification, and resilience amid Middle East tensions. The company benefits from rising oil prices thanks to its upstream-heavy profile and the reopening of Leviathan gas operations, which supports long-term cash flow stability. With strong liquidity, prudent debt management, and a dividend yield of 3.53%, Chevron sustains capital-intensive projects while offering attractive returns to shareholders. The updated target price of $266.45 suggests the stock trades at a discount with positive technical momentum and favorable risk-reward dynamics.