Chevron Corporation is a multinational energy company engaged in all aspects of the oil and gas industry, including exploration, production, refining, and marketing of crude oil and natural gas
The company operates in various regions around the world, focusing on both conventional and unconventional resources. In addition to its fossil fuel operations, Chevron is also investing in renewable energy technologies, such as biofuels and geothermal energy, as part of its commitment to transitioning towards a more sustainable energy future. Through its extensive supply chain, Chevron provides fuels and lubricants for transportation, industrial, and commercial needs, while also prioritizing safety and environmental stewardship in its operations.
Chevron said it purchased 15.38 million shares of Hess Corporation, representing approximately a 4.99% stake in the company. Based on Monday’s price of $150, Chevron’s latest stake acquisition is worth $2.3 billion.
Energy sector faces investor scrutiny due to recent developments. ETFs like XLE, VDE, and UNG offer exposure to energy companies amid market uncertainty.
Past attempts to seize Iranian oil have sparked retaliation from Tehran. In 2023, Iran seized foreign ships—one chartered by Chevron (NYSECVX)—after the U.S. attempted to intercept Iranian oil cargoes.
Yesterday, investors around the world were watching closely at the United States which imposed tariffs on its neighbors, Canada and Mexico, shaking up trade dynamics and sending ripples across the financial markets.
Look at the sectors and asset classes that have outperformed the S&P 500 over the past month or so. The market started pivoting defensive more than a month ago, and the shift has only gotten more decisive since then
