Bank of America reaffirms its bullish outlook on Chevron Corporation (CVX), citing robust free cash flow generation and a strategic pivot toward lower-carbon energy. The firm maintains a Buy rating and a price target of $220 per share.
- Chevron generated $29.1 billion in free cash flow over the past 12 months.
- Bank of America’s price target for CVX stands at $220 per share.
- The firm maintains a Buy rating on the stock.
- Chevron’s capital discipline and upstream efficiency are key factors in BofA’s outlook.
- The company’s planned $20 billion in shareholder returns over 2025–2027 supports investor confidence.
- BofA notes Chevron’s strategic investments in low-carbon technologies as a long-term differentiator.
Bank of America continues to express confidence in Chevron Corporation (CVX), maintaining its Buy rating and a $220 price target amid a period of evolving energy market dynamics. The firm highlighted CVX’s consistent performance in generating free cash flow, which reached $29.1 billion in the trailing twelve months, a figure that underscores the company’s financial resilience even in a volatile commodity environment.
This article is based on publicly available financial information and analyst commentary, with no reference to proprietary data sources or third-party publishers.