10 Most Promising Hydrogen and Fuel Cell Stocks According to Analysts

7. Chevron Corporation (NYSE:CVX)

Upside Potential: 26.64% 

Target Price: $216.41 

On June 16, Chevron Corporation (NYSE:CVX) and HELLENiQ ENERGY announced an agreement for Chevron to participate in the Block 10 concession located offshore in the Kyparissiakos Gulf in Greece’s Southern Ionian Sea. Under the terms of the agreement, Chevron will acquire a 70% participating interest and assume operatorship of the concession, while HELLENiQ ENERGY will retain a 30% stake. The partnership further expands Chevron’s presence in the Eastern Mediterranean and reflects its confidence in the region’s exploration potential. Block 10 is currently in its second exploration phase, with both 2D and 3D seismic studies completed, providing valuable subsurface data that could support future drilling activities and resource development opportunities. It is among the most promising hydrogen and fuel cell stocks according to analysts.

On May 29, Chevron Corporation (NYSE:CVX) announced the appointment of Scott Keller as general counsel, effective July 1. Keller will initially report to current Chief Legal Officer R. Hewitt Pate in preparation for Pate’s planned retirement in mid-2027 after 17 years of service. Upon his expected appointment as chief legal officer on January 1, 2027, Keller will oversee Chevron’s global legal operations and report directly to Chairman and CEO Mike Wirth. The appointment supports an orderly leadership transition and reinforces continuity within the company’s executive management team.

Founded in 1879 and headquartered in Houston, Texas, Chevron Corporation (NYSE:CVX) is a globally integrated energy company that explores for, produces, and refines crude oil and natural gas into transportation fuels. Its Chevron New Energies division is actively building out hydrogen production, distribution networks, and a series of retail fueling sites.