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BTCC / BTCC Square / Global Cryptocurrency /
Goldman Sachs Reaffirms Buy Rating on Chevron Amid Growth Strategy Update

Goldman Sachs Reaffirms Buy Rating on Chevron Amid Growth Strategy Update

Author:
Global Cryptocurrency
Published:
2025-11-13 15:44:02
BTCCSquare news:

Chevron's Investor Day presentation on November 12 outlined ambitious 5-year targets, including 10%+ annual growth in free cash FLOW and earnings per share through 2030. The energy giant plans to streamline capital expenditures to $18B-$21B annually while targeting $3B-$4B in cost reductions by 2026.

Goldman Sachs analyst Neil Mehta maintained a $177 price target, citing Chevron's lowered execution risk and disciplined approach to production growth. The revised strategy focuses on operational efficiency rather than aggressive expansion, with particular emphasis on power solutions and sustainable cash generation.

|Square

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