Chevron stock price forecast remains cautiously bullish for Q2 2024

Chevron stock price forecast remains cautiously bullish for Q2 2024, with analysts targeting $172–$178 amid strong upstream oil production and stable cash flows. Oil prices above $80/barrel support earnings growth. World's Food Prices Fell Slightly in September on Cheaper Sugar, Dairy McDermott ranks No. 406 among more than 9,900 analysts tracked by TipRanks. His ratings have been profitable 59% of the time, delivering an average return of 11.6%. See Chevron Statistics on TipRanks. Chevron stock currently trades at a P/E ratio of 13.8, and analysts project multiple expansion toward 15 if global energy demand maintains its upward trend.