Analysts boosted their price targets for Chevron after the company reported better-than-expected earnings of $5.28 per share.

Nov 2, 2026, 11:21 AM ETResultsRead the original at Benzinga

Good for CVX

Chevron beat profit and sales forecasts, with sales up 35.4%, and produced nearly 4 million barrels of oil equivalent daily. Its Venezuela output goal is for 2031, so that growth remains a plan.

CVX · Chevron Corp

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The stronger results show Chevron sold more and earned more than expected. Production stayed near 4 million barrels a day, counting gas as oil, despite planned work. The Venezuela project could add output later, but its target is years away.

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