Chevron Corporation shares closed Friday's trading session with a modest gain of 0.9%, finishing at $180.86. The increase trailed the broader U.S. energy sector, which advanced 1.89% for the day.
Oil Prices and Geopolitical Focus
Crude oil markets experienced a reversal during the session, with Brent crude settling at $68.05 per barrel and U.S. West Texas Intermediate at $63.55. Traders are closely assessing risks associated with stalled U.S.-Iran negotiations and potential supply disruptions in key transit routes like the Strait of Hormuz.
Insider Transaction Filed
According to a February 5 SEC Form 4 filing, Chevron's Chief Technology & Engineering Officer, Thomas Ryder Booth, exercised options for 6,000 shares and sold the same amount at a weighted average price of $178.43 per share.
Dividend Date Approaches
The company's next dividend record date is February 17, with a payout of $1.78 per share scheduled for March 10. This represents a 4% increase from the previous quarterly dividend.
Looking ahead, market participants will monitor several external factors, including upcoming U.S.-Israel diplomatic talks and the release of January Consumer Price Index data on February 13. Additionally, reports of potential export declines from Kazakhstan could influence global supply dynamics.
