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Chevron Corporation
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CVX News30 articles
Sable Offshore Shares Plunge 48% on Dilution Fears From $100M Stock Sale
Sable Offshore shares tumbled 48.5% as its $100 million stock sale could nearly double dilution due to the lower share price, part of a broader refinancing package.
Refiners Outperform Oil Majors in June as XLE Weights Shift
Valero Energy and Marathon Petroleum posted gains in June, outperforming major oil companies, as the Energy Select Sector SPDR Fund declined 4.8%.
Energy Sector Decouples from Oil as Diesel Margins and Norway Lockout Shape Divergent Trends
Brent crude plunged 10.86% last week, but the XLE ETF slipped only 0.4%, signaling a decoupling. Refiners gain from tight diesel margins, while oilfield services face headwinds from a Norway lockout and rising U.S. rig counts.
GE Vernova's Turbine Demand Story Fails to Halt Weekly Slide
GE Vernova (GEV) fell 3.71% Friday, erasing most of its midweek rebound and capping a 7.31% weekly loss as investors await Q2 earnings for proof of backlog conversion.
Chevron Shares Dip as Oil Plunges, AI Power Deal Offers Growth Hope
Chevron shares slipped 0.69% as oil prices tumbled over 3%, while a new Microsoft data center power deal offers potential for steadier revenue. The market weighs near-term oil risks against long-term AI infrastructure growth.
Exxon Mobil Holds Steady Amid Crude Slump, Diesel Spreads Support
Exxon Mobil (XOM) closed at $136.54, down 0.73%, outperforming crude's 9.62% weekly plunge as robust diesel crack spreads provided support.
Dow Edges Up as Tech Drags S&P 500 and Nasdaq Lower
The Dow Jones Industrial Average gained 0.34% as tech stocks declined, dragging the S&P 500 and Nasdaq lower. Attention turns to Micron's earnings after the bell, with AI spending and inflation data in focus.
Dow Jones Rises on Home Depot and 3M Gains; Alphabet to Replace Verizon in Index
The Dow Jones Industrial Average gained 302 points on Wednesday, driven by strong performances from Home Depot and 3M. Alphabet shares rose after being selected to replace Verizon in the Dow index.
Microsoft Gains Premarket on Chevron Power Deal, AI Spending Concerns Linger
Microsoft shares gained 1.1% in premarket trading after announcing a 20-year Chevron power deal for a Texas AI data center, but broader tech selloff and AI spending concerns persist.
Dow Climbs as Caterpillar Breaks $1,000; Tech Slumps on AI Rotation
The Dow Jones rose 145 points, powered by Caterpillar crossing $1,000 for the first time, as a Chevron-Microsoft power deal drove rotation from tech to industrials. The Nasdaq fell over 1%.
Bloom Energy Stock Rallies on AI Data Center Power Demand
Bloom Energy stock rallies as AI data center power needs drive demand for on-site fuel cells, with Q1 revenue surging 130% and 2026 guidance raised.
Caterpillar Secures Key Role in Microsoft-Chevron Data Center Power Project
Caterpillar shares rose 3% after Chevron selected its Solar Turbines unit for a major Microsoft data center power project, solidifying its AI energy play.
Chevron-Microsoft AI Deal Shifts Focus to Energy Infrastructure
Chevron will supply natural-gas power to Microsoft's Pecos data center, highlighting the AI capex debate as MSFT shares dip despite strong Azure growth.
Energy Stocks on Edge as Strait of Hormuz Closure Roils Markets
The Energy Select Sector SPDR Fund fell 6.6% as Iran's Strait of Hormuz blockade halted tanker traffic. U.S. energy stocks like Exxon Mobil, Chevron, and ConocoPhillips face potential swings when markets reopen Monday.
Exxon Mobil Slides 6% as Oil's War Premium Fades
Exxon Mobil shares slid 6.3% for the week to $137.81 as Brent crude dropped 8% on improved Strait of Hormuz flows and easing war risk, despite a Bank of America upgrade to Buy and a new LNG deal in South Africa.
Dow Notches Record Close as US-Iran Deal Eases Oil Fears
The Dow Jones Industrial Average surged to a new closing high Monday as a U.S.-Iran deal eased oil supply fears, sending crude prices lower and boosting investor sentiment.
Exxon Mobil Shares Slide as Oil Prices Tumble on US-Iran Strait Deal
Exxon Mobil shares dropped 4% to $141.10 as crude prices fell on a US-Iran deal to reopen the Strait of Hormuz, with weaker Q1 earnings and compressed margins adding to the stock's woes.
Wall Street Hits New Highs as Iran Deal Sends Oil Tumbling; Fed in Focus
U.S. stocks hit fresh records Monday after a U.S.-Iran agreement sent oil prices crashing 5%, lifting airlines and tech while dragging energy stocks. The Fed's June 16-17 meeting is the next catalyst.
Wall Street Hits New High as Oil Drops; Focus Shifts to Fed
The Dow hit a record 51,851 as oil prices fell on a tentative U.S.-Iran deal, boosting airlines and dragging energy stocks. The Fed meeting is next.
Energy Stocks Hold Steady as Oil Prices Retreat on Iran Deal Hopes
Brent crude dropped 3.37% to $87.33, and WTI fell 3.23% to $84.88 on Friday amid optimism over a potential U.S.-Iran agreement, but energy stocks like XLE ended the week nearly unchanged.
Oil Prices Slide as Iran Peace Hopes Ease War Premium
Brent crude fell 3.7% to $87.04 and WTI dropped 3.55% to $84.60 on hopes of a U.S.-Iran peace deal, reducing war premium. Energy stocks rose as investors balanced lower prices with supply risks.
Dow Rebounds 930 Points as Oil Plunges After Trump Halts Iran Strikes
The Dow surged 930 points as oil prices dropped sharply after President Trump called off planned strikes on Iran, soothing geopolitical fears. Honeywell, Boeing, and Caterpillar led the gains.
SCHD's Heavy Top Holdings Raise Red Flags for Safety Seekers
SCHD's top 10 holdings now make up 43.5% of assets, raising concentration risk. With a 3.24% yield and $95.17B in assets, the fund's safety profile is under scrutiny.
Chevron Holds Ground Amid Oil Market Tightening, Earnings Season Looms
Chevron shares closed at $187.31 Friday, down 0.55% but up 2.7% since late May. CEO Mike Wirth expects oil to face upward pressure into June and July, with the stock's next move tied to tightening markets and U.S. inventory data.
Exxon Mobil's Stock Outlook Tied to Oil Prices and Fed Policy
Exxon Mobil stock closed lower Friday but gained for the week. Investors weigh tight oil supplies against demand destruction and upcoming inflation data that could influence Fed policy.
Oil Slips on Ceasefire Hopes, Tight Inventories Loom
Oil prices dropped Friday on ceasefire optimism, but tight inventories and summer demand risks could trigger a price spike.
Exxon Warns of $160 Oil as Hormuz Talks Stall, Shareholders Back Texas Move
Exxon Mobil warned crude could spike to $150-$160 a barrel as global inventories near minimums. Shareholders approved moving legal home to Texas.
Brent Crude Tumbles as US-Iran Hormuz Truce Hopes Spur Weekly Rout
Oil prices suffered their biggest weekly loss since April as traders bet on a US-Iran ceasefire to reopen Hormuz. Brent settled at $92.05, with EIA data showing a 3.3 million barrel crude draw.
Dow Gains Ground as Blue-Chips Outperform; Nasdaq Edges Lower
The Dow Jones Industrial Average climbed 0.5% on Wednesday, outperforming a flat S&P 500 and a 0.1% Nasdaq dip, as investors favored blue-chip stocks.
Dow Rises as Nasdaq Pulls Back; Oil Slide Boosts Airlines
U.S. stocks traded mixed Wednesday as the Dow gained and the Nasdaq dipped from record highs. Oil prices fell sharply, boosting travel stocks but weighing on energy shares.