Chevron (NYSE:CVX) announced Monday that it filed a temporary suspension of production at their Frade field in Brazil after it detected a small oil seep within the region.The company is also facing issues in the country with an $11 billion lawsuit and fines for a leak that occurred last November.Chevron (NYSE:CVX) has potential upside of 13.5% based on a current price of $110.66 and an average consensus analyst price target of $125.61.Chevron is currently above its 50-day moving average (MA) of $107.52 and above its 200-day of $102.40.
