CVX resumes Leviathan gas output after a 33-day halt, boosting capacity to 14 bcm and reinforcing its role in Eastern Mediterranean energy supply.
The stock market may be set for a bumper rally Wednesday but it's going to be a tough day for the energy sector.
Chevron (CVX) closed at $201.54 in the latest trading session, marking a +1.35% move from the prior day.
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FIGS, CVX and EQX made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 6th, 2026.
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Chevron Corporation stands to benefit significantly from Middle East conflict-driven oil price surges, creating a powerful near term earnings and free cash flow catalyst. CVX could see an estimated ~$1.7B earnings boost in Q1'26 due to higher average crude oil prices, supporting accelerated stock buybacks and a potential revaluation. CVX shares currently trade at 18.7X forward P/E, with a justified target of 20.0X if petroleum prices stay above $100 per barrel.
Greg Halter offers his full-picture perspective on the energy trade after crude oil broke above $110 on Thursday's trading session. He sees the sector continuing to gain momentum beyond the U.S.-Iran War, especially with AI's hunger for electricity adding to demand.
Energy company Chevron (NYSE:CVX | CVX Price Prediction) and ExxonMobil (NYSE:XOM) both closed out full-year 2025 with record production, rising shareholder returns, and dividend increases.
CVX ramps up robotics across oilfields, cutting costs, boosting safety, and removing workers from hazardous tasks with drones and inspection systems.
Chevron could build a large-scale gas-fired power plant to support Microsoft's electricity needs. The facility would use natural gas produced in the prolific Permian Basin.
Exxon Mobil (NYSE:XOM | XOM Price Prediction) shares are down 5% in midday trading on Wednesday, and Chevron (NYSE:CVX) shares are also off 5%.