5 Oil Stocks with Biggest Upside

3. Chevron Corporation (NYSE:CVX)

Number of Q4 2023 Hedge Fund Shareholders: 71

Share Price Performance YTD: 1.91%

Chevron Corporation (NYSE:CVX) is the well known American oil and gas giant. Its shares are still by 1.91% to date despite recent news that its multi billion dollar deal to expand oil production in Guyana by acquiring Hess might be unsuccessful. Chevron Corporation (NYSE:CVX)’s average share price target is $177.

Insider Monkey scoured through 933 hedge fund holdings for 2023’s final quarter and found 71 Chevron Corporation (NYSE:CVX) shareholders. Warren Buffett’s Berkshire Hathaway was the biggest shareholder due to its $18.8 billion investment.

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