Chevron Corp (CVX) Upgraded to Buy by HSBC
HSBC has upgraded Chevron Corp (CVX) from Hold to Buy, signaling optimism about the company's future.
Chevron Corp. engages in the provision of administrative, financial management, and technology support for energy and chemical operations. The company is headquartered in Houston, Texas and currently employs 45,298 full-time employees. The firm produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance its business and industry. The Company’s segments include Upstream and Downstream. Upstream operations consist primarily of exploring for, developing, producing and transporting crude oil and natural gas; liquefaction, transportation and regasification associated with LNG; transporting crude oil by major international oil export pipelines; processing, transporting, storage and marketing of natural gas; carbon capture and storage; and a gas-to-liquids plant. Downstream operations consist primarily of the refining of crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels, and transporting of crude oil and refined products by pipeline, marine vessel, motor equipment and rail car.
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Last Updated: Dec 11, 2025, 11:01 PM · Source: Finnhub.io
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