--- title: "Weekly Recap | Chevron -1.66%, most brokers rate it buy" type: "News" locale: "en" url: "https://longbridge.com/en/news/297387668.md" description: "Chevron (CVX) fell 1.66% this week, closing at $201.86 and underperforming the S&P 500 by about 2.15 percentage points (the index rose 0.49%). Monday’s open was $203.67 with an intraday high of $205.30, followed by three sessions holding between $199.77 and $202.06. The stock touched a weekly low of $197.82 on Thursday before recovering to finish at $201.86 on Friday. The week’s range was 3.67%, a pullback followed by consolidation at the lower end." datetime: "2026-08-29T05:28:47.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/297387668.md) - [en](https://longbridge.com/en/news/297387668.md) - [zh-HK](https://longbridge.com/zh-HK/news/297387668.md) generator: "portal-rs" --- # Weekly Recap | Chevron -1.66%, most brokers rate it buy ## The Week Chevron (CVX) fell 1.66% this week, closing at $201.86 and underperforming the S&P 500 by about 2.15 percentage points (the index rose 0.49%). Monday’s open was $203.67 with an intraday high of $205.30, followed by three sessions holding between $199.77 and $202.06. The stock touched a weekly low of $197.82 on Thursday before recovering to finish at $201.86 on Friday. The week’s range was 3.67%, a pullback followed by consolidation at the lower end. ## Key Events Chevron’s African and Latin American footprint drove the news flow this week. On Monday, Libya signed a production-sharing agreement with Chevron, and Barrow Hanley Mewhinney & Strauss disclosed a $618.33 million position in the stock. On Wednesday, oil gave back its Iran risk premium as Iran-Oman talks revived hopes of reopening the Strait of Hormuz, and Chevron fell alongside the sector. Reports through the week also highlighted big oil’s multi-billion-dollar bets on nuclear fusion, with Chevron among the names mentioned. Over the weekend, news emerged that Chevron is negotiating a migration and expansion of its Venezuela projects under the Trump administration’s push for more US oil investment; Chevron already accounts for 25% of Venezuela’s oil output. Separately, Etu Energias signed a deal to acquire Chevron’s participating interest in Angola Blocks 14 and 14K. ## Analyst Ratings Of the 25 institutions covering Chevron, 14 rate it buy, 6 rate it overweight, 4 rate it hold, and 1 rates it sell. The consensus rating is buy, with a consensus target of $218.29, about 8.14% above the current price of $201.86. Targets range from $175 to $241, showing wide dispersion. Among integrated oil and gas companies, Chevron ranks 2nd out of 15 on analyst ratings. ## The Week Ahead Early next week brings the Dallas Fed manufacturing activity index (Aug 31, prior 1.3), followed on Sep 1 by the S&P Global manufacturing PMI final and ISM manufacturing PMI (prior 55.6, forecast 55.2). Midweek, the ADP private payrolls (Sep 2, prior 44, forecast 47) and factory orders arrive. On the crude side, EIA weekly crude and Cushing inventories print on Sep 2, with priors of 0.095 and 1.176 respectively — oil’s pass-through to Chevron remains a focal point. ## In Short Chevron pulled back slightly this week, yet still closed above both its 20-day moving average ($198.09) and 60-day moving average ($187.16). Valuation sits near 19.23x P/E and 2.09x P/B, and the consensus target is more than 8% above spot, leaning constructive. The latest session’s money flow showed large-lot net selling against retail net buying — a split in direction. What to watch next: how oil trades after the Iran and Strait of Hormuz headlines settle, and whether the Venezuela expansion talks translate into a new production outlook. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [CVX.US](https://longbridge.com/en/quote/CVX.US.md) ## Related News & Research - [Chevron (CVX) Signs Venezuela Deals That Add Orinoco Acreage And Reset Venture Terms](https://longbridge.com/en/news/297990019.md) - [Chevron Corporation $CVX Shares Sold by HORAN Wealth LLC](https://longbridge.com/en/news/298201007.md) - [Review & preview: Oil up, market down](https://longbridge.com/en/news/298516357.md) - [Difficult exit from US.-Iran war prompts caution in long-end bonds](https://longbridge.com/en/news/298177770.md) - [Saudi oil output slumps as Iran war, Houthi threats disrupt vital export routes](https://longbridge.com/en/news/298614533.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**