12 Most Undervalued Dow Stocks to Buy According to Analysts

9. Chevron Corporation (NYSE:CVX)

Price Target Upside: 6.09% 

PE Ratio: 20.61 

Chevron Corporation (NYSE:CVX) is advancing its growth and diversification strategy as it balances traditional energy production with investments in lower-carbon initiatives.

On September 10, 2025, the company submitted a bid to explore natural gas in four offshore blocks near Greece’s Peloponnese peninsula and Crete, in partnership with Hellenic Energy. The move expands CVX’s footprint in the Eastern Mediterranean, a region attracting interest for its promising natural gas reserves. The project also supports Greece’s push for energy independence and aligns with the corporation’s strategy to position natural gas as a transitional fuel in the global shift toward cleaner energy.

Chevron Corporation (NYSE:CVX)’s second-quarter results reflected record oil and gas output while highlighting progress in renewable fuels, lithium, hydrogen, and carbon capture projects. These efforts underscore the company’s aim to balance profitability with sustainability, mitigating long-term regulatory and market risks.

Financially, the firm maintains steady shareholder returns, with its recent quarterly dividend of $1.71 per share yielding 4.3%. While analysts currently rate the stock a “Moderate Buy,” they see moderate upside potential as the company navigates energy market volatility and integrates major acquisitions.

One key near-term factor is the ongoing integration of Hess Corporation, which weighed on Q3 earnings by an estimated $200–$400 million but is expected to deliver meaningful long-term growth. CEO Mike Wirth has also emphasized Chevron Corporation (NYSE:CVX)’s focus on international partnerships, including strengthening ties with Argentina in coordination with U.S. policy priorities.