-2.86% to $211.54 from $217.77
What moved CVX
- Oil and gas stocks rallied after U.S. Central Command said it struck Islamic Revolutionary Guard Corps targets in Iran following overnight attacks on two tankers in the Strait of Hormuz.
- Chevron shares jumped premarket as crude oil prices surged amid the escalation, with energy stocks broadly outperforming a declining market.
- Analysts also pointed to a new Venezuelan supply agreement as an added factor supporting Chevron’s reserve access.
Sources: Benzinga · Investing.com · 24/7 Wall St.
+2.12% to $206.14 from $201.86
What moved CVX
- Chevron and Exxon Mobil rose after US Central Command confirmed American forces struck two rocket launchers on Iran’s Larak Island, the first publicly acknowledged US strike on Iranian positions since late July.
- WTI crude climbed toward $86 a barrel and Brent crude topped $90 as the exchange of fire raised fears of a wider Middle East conflict disrupting supply.
- Iranian state media reported Tehran had struck US bases in Jordan in retaliation for the earlier action.
- Energy shares were among the few sectors to outperform as the broader market fell on concern that higher oil prices could reignite inflation.
Sources: CNBC · Yahoo Finance · The Street
+0.90% to $196.66 from $194.91
What moved CVX
- Chevron gained along with fellow energy major Exxon Mobil as crude oil prices rose on renewed Iran-related supply concerns.
- Refiners including Valero Energy and Marathon Petroleum also ranked among the energy sector’s top gainers as the Hormuz standoff persisted.
- The moves followed Iran’s warning that the strait, a critical corridor for global oil shipments, would remain effectively closed until its demands over frozen funds are met.
Sources: Investing.com · CNBC
+4.48% to $194.91 from $186.56
What moved CVX
- Chevron told investors it expects free cash flow to grow by about $12.5 billion this year on top of the $16.6 billion generated last year, implying 2026 free cash flow could exceed $29 billion, up roughly 75% year over year.
- The company also disclosed technical complications during the final integration phase of its Future Growth Project in Kazakhstan, suggesting further delays before the project reaches full production capacity.
- The move came alongside a broader rally in energy shares as crude prices rose on supply concerns tied to the status of a potential U.S.-Iran agreement over the Strait of Hormuz.
Sources: The Motley Fool · TheStreet
-1.85% to $193.18 from $196.83
What moved CVX
- Shares fell as oil prices dropped to a three-week low following President Trump’s statement that planned strikes on Iran were called off in favor of negotiations.
- The pullback followed a sharp rally in Chevron stock after its second-quarter report on July 31, which included record net income of $12.1 billion and adjusted earnings of $6.06 per share, both ahead of consensus.
- A supply-side policy shift from OPEC+ added to the pressure on oil and energy shares alongside the geopolitical de-escalation.
Sources: Yahoo Finance