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Chevron (CVX) Highlighted in Mizuho’s 2026 Energy Outlook

Chevron Corporation (NYSE:CVX) is included among the 12 Best Dogs of the Dow to Invest in.

On December 12, Mizuho boosted its price target on Chevron Corporation (NYSE:CVX) up to $206 from $204 and kept an Outperform rating. The update came as part of the firm’s broader 2026 outlook for the exploration and production space. While sentiment around U.S. oil and gas stocks remains weak, driven by worries over oil oversupply and elevated gas storage levels, Mizuho sees “underappreciated value” across the group.

The analyst pointed to longer-term fundamentals in E&P that could start to show through in 2026. As a result, the firm is encouraging a shift in risk toward oil-focused E&Ps, with a selective approach to gas names, while taking a more neutral stance on refining.

Chevron Corporation (NYSE:CVX) also made headlines this week for its activity in Venezuela. According to Bloomberg, the company lowered prices on Venezuelan crude sold to US refiners after a tanker was seized by American forces in the Caribbean and as global oil prices continued to soften.

People familiar with the matter said Chevron sold a batch of Venezuelan crude on December 11, just one day after US forces seized a vessel off the country’s coast. That oil was priced below a batch offered earlier in December, reflecting the changing backdrop.

In a statement, Chevron Corporation (NYSE:CVX) said its operations in Venezuela remain fully compliant with all applicable laws and regulations, as well as US government sanctions frameworks.

Despite the heightened tensions, the company appears to be pressing ahead. Chevron sold roughly 10 cargoes of Venezuelan oil, spanning different grades, for loading next month. The sales were split across two tenders, though specific pricing details were not disclosed.

Chevron Corporation (NYSE:CVX) is a major integrated energy company with operations that span the full value chain, from finding and producing oil and natural gas to transporting and selling them. The company also refines fuels and lubricants, manufactures petrochemicals, and invests in lower-carbon energy solutions.

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: 13 Best Blue Chip Stocks to Buy Under $50 and11 Best Low Priced Dividend Stocks to Buy According to Analysts.

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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