Bernstein lowered the firm’s price target on Chevron to $154 from $167 and keeps a Market Perform rating on the shares. The firm pushes Chevron (CVX)-Hess (HES) deal close out to July 2025 to reflect a more conservative arbitration progress, and further decline in production due to turnarounds in TCO and Gorgon.
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- Chevron price target lowered to $185 from $203 at Barclays
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