If the Trump administration paves the way for further oil drilling, Chevron's dividends and stock prices are likely to increase over the next four years.
Donald Trump has clearly demonstrated his commitment to expanding America's fossil fuel production. The slogan “drill, baby, drill” was often heard at his gatherings and would become a central argument for his domestic policy. In other words, $Chevron (CVX.US)$ Energy stocks like these have the potential to bring huge profits. Chevron's stock is currently trading at $156.50, but several analysts believe the stock has room for significant gains in 2025.
UBS's Josh Silverstein has the most bullish view on Chevron. He believes the stock is undervalued by around 25% and recently raised his outlook to a “strong buy.” He also raised his target share price from $192 to $194. RBC Capital's Viraj Bolcataria's expectations are somewhat modest, but he has raised his outlook from $170 to $175 and has given Chevron a “buy” rating.
Chevron shareholders also enjoy passive income. Over the past 10 years, Chevron has been paying dividends consistently. Currently, the oil giant is paying a 4.17% dividend, which is distributed to shareholders on a quarterly basis. If the Trump administration paves the way for further oil drilling, Chevron's dividends and stock prices are likely to increase over the next four years.
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