business / news / / Benzinga
Chevron (CVX) is down 1.49% to $187.52 at the time of publication on Friday.
Jayaram raised Chevron's price target from $181 to $216, citing restored profit drivers.
KEY POINTS
- Chevron's Q1 earnings are expected at $0.96 per share, far below Street's $2.04 estimate.
- A $3.2 billion LIFO inventory headwind will reverse into a tailwind in future quarters.
- 2026 and 2027 earnings estimates were raised to $15.44 and $11.84 per share, respectively.
- Chevron is less exposed to Iran war risks compared to its peers, according to Jayaram.
COMPANIES
Summarized by Newsio from Benzinga. How we summarize →