Chevron Drops 3.71% Amid Asset Sale, Analyst Downgrades

On April 3, 2025, Chevron's stock experienced a 3.71% drop in pre-market trading.

Chevron's stock price has been influenced by several recent developments. Notably, Tokyo Gas and Castleton Commodities International's TG Natural Resources are set to acquire a 70% stake in Chevron's natural gas assets in East Texas for $525 million. This transaction, while not directly linked to Trump's policies, is expected to receive a positive response from the Trump administration due to its significant investment in the U.S. market. Tokyo Gas, Japan's largest city gas supplier, plans to potentially export the produced shale gas to Japan in the form of liquefied natural gas (LNG).

Additionally, Huber Capital Management LLC reduced its position in Chevron by 30.2% in the fourth quarter, which may have contributed to the recent decline in stock price. Analysts from Truist Financial also lowered their price target for Chevron from $164.00 to $160.00, further impacting investor sentiment. Concerns about potential demand destruction linked to economic uncertainties have also weighed on Chevron's stock, as reflected in the downward revision of the Zacks Consensus Estimate for the company's 2025 earnings.