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Nov 13, 2025 4:00 PM

Chevron Still A Top Pick As Analyst Sees Big Cash Flow Growth Through 2030

BofA Securities analyst Jean Ann Salisbury maintained a Buy rating for  Chevron Corporation (NYSE:CVX) on Thursday with a price forecast of $183 following its 2025 Investor Day.

The analyst writes that Chevron remains their top pick in the integrated and refining sector, thanks to near-term free cash flow potential and strong project execution, and today’s investor meeting reinforces FCF durability through 2030.

2030 Targets

The company projects average annual adjusted EPS growth above 10% through 2030, rising over 14% with escalating real prices.

Also Read: JP Morgan Expected Big Surprises From Chevron, Instead, ...