Chevron said on Thursday that upstream earnings are expected to rise by $1.6 billion to $2.2 billion in the first quarter versus the fourth quarter of 2025, driven by stronger oil and gas prices amid heightened volatility linked to the Middle East conflict.
Oil giant Chevron (NYSE:CVX | CVX Price Prediction) trades at $197.41 as of writing.
Oil and energy company ExxonMobil (NYSE:XOM | XOM Price Prediction) and Chevron (NYSE:CVX) closed out 2025 with results that reveal two very different oil giants navigating the same crude price headwind.
CVX resumes Leviathan gas output after a 33-day halt, boosting capacity to 14 bcm and reinforcing its role in Eastern Mediterranean energy supply.
The stock market may be set for a bumper rally Wednesday but it's going to be a tough day for the energy sector.
Chevron (CVX) closed at $201.54 in the latest trading session, marking a +1.35% move from the prior day.
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Chevron Corporation stands to benefit significantly from Middle East conflict-driven oil price surges, creating a powerful near term earnings and free cash flow catalyst. CVX could see an estimated ~$1.7B earnings boost in Q1'26 due to higher average crude oil prices, supporting accelerated stock buybacks and a potential revaluation. CVX shares currently trade at 18.7X forward P/E, with a justified target of 20.0X if petroleum prices stay above $100 per barrel.
Greg Halter offers his full-picture perspective on the energy trade after crude oil broke above $110 on Thursday's trading session. He sees the sector continuing to gain momentum beyond the U.S.-Iran War, especially with AI's hunger for electricity adding to demand.
Energy company Chevron (NYSE:CVX | CVX Price Prediction) and ExxonMobil (NYSE:XOM) both closed out full-year 2025 with record production, rising shareholder returns, and dividend increases.