Chevron stock price forecast reflects positive cash flow metrics

Chevron stock price forecast reflects positive cash flow metrics, maintaining quarterly dividends at $1.51, strengthening investor confidence in energy sector stability. Smart Investor: Top-Performing AI Stocks, Q3’s Best Dividend Stocks and 13 Charts on Key Market Trends On May 2, shares of CVX surged 1.6% after reporting mixed Q1 results. Due to a 1% decline in sales and other operating revenues coupled with lower income from equity affiliates, the company's top line fell 2.3% year-over-year to $47.6 billion, missing consensus estimates by 2.2%. Meanwhile, its adjusted EPS of $2.18 also decreased 25.6% from the year-ago quarter, but surpassed Wall Street's expectations by 1.4%. Despite changing market conditions, its cost discipline efforts continued to support its profitability. Recent data shows Chevron stock trading near $165, with Wall Street consensus indicating a moderate upside driven by LNG demand recovery and improved refining margins.