11:51 AM EST, 11/13/2025 (MT Newswires) -- Chevron ( CVX ) is moving to a period of structurally lower capital intensity and execution risk, and growing production, RBC Capital Markets analysts said in a Wednesday note.

Analysts said that the recent weakness in Chevron ( CVX ) shares presents a buying opportunity.

RBC said its updated model points to higher free cash flow yields relative to its closest peer Exxon Mobil (XOM), between 2026 and 2028, with Chevron ( CVX ) being competitive with its European peers.

Chevron ( CVX ) appears to be in discussions over exploration across several countries, including Libya and Iraq, RBC said. The company plans to grow production by 2-3% per annum until 2030, with growth beyond in regions such as Argentina, analysts said.

"The company continues to see attractive demand growth in chemicals over the longer-term, while forays on the power front remain measured," analysts said.

RBC has an outperform rating on the stock and a $175 price target.

Price: 155.85, Change: +2.53, Percent Change: +1.65