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Bernstein Raises Chevron (CVX) Target as Oil Outlook Balances Volatility and Strength

Chevron Corporation (NYSE:CVX) is included among the 12 Best DOW Stocks to Buy in 2026.

On January 5, Bernstein raised its price target on Chevron Corporation (NYSE:CVX) to $172 from $170 and kept a Market Perform rating. The firm said it is heading into 2026 with a balanced outlook for oil. Bernstein expects near-term volatility, while still seeing strength over the longer run.

A January 6 report from Reuters said Caracas and Washington reached an agreement that would allow up to $2 billion of Venezuelan crude to be exported to the US. President Donald Trump described the deal as a key negotiation that would redirect supply away from China and help Venezuela avoid deeper production cuts.

Chevron stands out in this situation. It is the only US oil major operating in Venezuela under a US license that exempts it from sanctions aimed at restricting revenue tied to President Maduro’s government. On January 6, vessels chartered by Chevron were the only ships loading crude for export at Venezuela’s Jose and Bajo Grande ports, according to ship-tracking data. Chevron had resumed exports of Venezuelan oil to the U.S. on January 5 after a four-day pause. The company also called overseas workers back to its Venezuelan offices as flights into the country restarted. In recent weeks, Chevron has effectively become the only firm consistently exporting Venezuelan crude.

Chevron Corporation (NYSE:CVX) is an integrated energy company involved in oil and gas production, fuel and chemical manufacturing, and the development of technologies that support its operations and the broader energy industry.

While we acknowledge the potential of CVX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CVX and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 12 Best Income Stocks to Buy Now and 20 Best Performing Dividend Stocks in 2025

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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