RBC Capital Reaffirms Their Buy Rating on Chevron (CVX)
In a report released today, Biraj Borkhataria from RBC Capital maintained a Buy rating on Chevron, with a price target of $220.00.
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According to TipRanks, Borkhataria is a 4-star analyst with an average return of 4.2% and a 57.60% success rate. Borkhataria covers the Energy sector, focusing on stocks such as BP p.l.c., Chevron, and Exxon Mobil.
In addition to RBC Capital, Chevron also received a Buy from Morgan Stanley’s Devin McDermott in a report issued on June 29. However, on June 23, Barclays assigned a Hold rating to Chevron (NYSE: CVX).
Based on Chevron’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $47.56 billion and a net profit of $2.21 billion. In comparison, last year the company earned a revenue of $46.1 billion and had a net profit of $3.5 billion
Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CVX in relation to earlier this year. Most recently, in May 2026, John Hess, a Director at CVX sold 380,000.00 shares for a total of $73,412,808.80.
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