BofA Remains Bullish On Chevron Corporation (CVX)

Chevron Corporation (NYSE:CVX) is among the 12 Best Performing Dow Stocks in 2025. 

TheFly reported on December 11, 2025, that BofA reduced its price goal for Chevron Corporation (NYSE:CVX) from $183 to $180 while keeping a Buy rating.

TheFly previously reported on December 1 that HSBC raised Chevron Corporation (NYSE:CVX) from Hold to Buy with a price objective of $169.

Separately, the Gorgon Joint Venture’s partners authorized the A$3 billion ($1.98 billion) Gorgon Stage 3 project off the northwest coast of Western Australia, according to a Reuters story published on December 5. As stated by Chevron Corporation (NYSE:CVX)’s Australian division, the project will connect the Gorgon infrastructure on Barrow Island to the Geryon and Eurytion offshore natural gas fields to backfill the current LNG export operation. The project includes six exploration wells drilled across two fields as part of a larger subsea tieback plan.

The project proposal was approved by the regulator in November following public feedback, Reuters reported. The Australian divisions of Chevron Corporation (NYSE:CVX), Exxon Mobil, and Shell collectively own 97.3% of the Gorgon Project, with the remaining shares held by Osaka Gas, JERA, and MidOcean. According to Chevron Corporation (NYSE:CVX) Australia, the project will promote long-term local gas supply and LNG exports.

Chevron Corporation (NYSE:CVX) is a massive American oil company. It is a global exploration, production, and refining company that operates as an integrated energy business.

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