Chevron Expects U.S. Gas Prices to Fall Amid Middle East Normalization
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 25 2026
0mins
Source: CNBC
- Price Decline Anticipation: Chevron's CFO Eimear Bonner stated that U.S. gasoline prices are expected to fall as the Middle East situation normalizes, despite President Trump's accusations of Big Oil not lowering prices in line with crude price declines, emphasizing the company's commitment to resolving the issue.
- Production Growth Strategy: Bonner revealed that Chevron plans to grow production by 7% to 10% this year, optimizing resources to meet global energy demands while facing external pressures, thus ensuring product availability for consumers.
- Trump's Investigation Directive: Trump has ordered the Department of Justice to investigate Big Oil, asserting that fuel prices should be at $2.25 per gallon; Chevron responded by noting that price reductions take time due to lag effects in the market.
- Consumer Concerns Addressed: Bonner expressed empathy for consumer concerns, highlighting Chevron's efforts to lower fuel prices through operational optimization, although this process requires time to reflect in retail pricing.
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Analyst Views on CVX
Wall Street analysts forecast CVX stock price to rise
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 168.100
Low
158.00
Averages
176.95
High
206.00
Current: 168.100
Low
158.00
Averages
176.95
High
206.00
About CVX
Chevron Corporation is an integrated energy company. The Company 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.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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