5 Best LNG Stocks to Buy in 2026

2. Chevron Corporation (NYSE:CVX)

Number of Hedge Fund Holders: 86

Chevron Corporation (NYSE:CVX) manufactures and sells a range of high-quality refined products, including gasoline, diesel, marine and aviation fuels, premium base oil, finished lubricants, and fuel oil additives.

On May 22, Morgan Stanley analyst Devin McDermott raised the firm’s price target on Chevron Corporation (NYSE:CVX) from $212 to $214, while keeping an ‘Overweight’ rating on the shares. The target boost represents an upside of almost 12% from the current levels.

Chevron garnered positive attention from a number of analysts after the company exceeded earnings estimates in its Q1 report earlier this month. The oil major’s upstream business received a significant boost from the soaring oil prices amid the US-Iran war.

However, it needs mentioning that while analysts seem bullish on Chevron, Berkshire Hathaway trimmed its stake in the company by selling around $8 billion worth of its stock in the first quarter. The Omaha-based conglomerate capitalized on the soaring oil prices, which pushed the American energy giant’s stock to a record high (read more details here).

Carillon Tower Advisers, an investment management company, stated the following regarding Chevron Corporation (NYSE:CVX) in its Q1 2026 investor letter:

“Chevron Corporation (NYSE:CVX) shares contributed to the quarter’s performance due to the war in the Middle East sending commodity prices of crude oil and natural gas, to multi-year highs. We estimate that 10% to 15% of total supply could be removed from the global market for an extended period. Chevron has significant exposure to spot commodity prices and is expected to benefit immediately from a higher price regime in its upstream energy segment. Also, the company is positioned to benefit from improved refining margins. Chevron shares reflect improved earnings and cash flow from this event.”