Chevron, Microsoft strike 20-year deal to power massive AI data center

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Go back to Chevron, Microsoft strike 20-year deal to power massive AI data center

This oil stock is BofA's Top Pick within Integrateds and Refining sector

June 22, 2026 12:00 PM EDT

Bank of America reaffirmed its top pick in the Integrateds and Refining sector in a note on Monday, following an offshore field trip, citing growing conviction in the company's centralization strategy and differentiated deepwater capabilities.

Analyst Jean Ann Salisbury maintained her Buy rating and $210 price target on Chevron (NYSE: CVX), implying upside of approximately 21% from Fridays close, after... More