In the latest trading session, Chevron (CVX) closed at $180.4, marking a -3.64% move from the previous day.
Chevron (NYSE:CVX | CVX Price Prediction) is an integrated energy major whose July 2025 Hess acquisition added Guyana, Bakken, and Gulf of America assets.
While prices at the pump in the U.S. were easing in late May, oil industry veterans were sounding the alarm on depleting inventories and a potential oil price spike. Since then, there have been media reports of more oil cargoes transiting the Strait of Hormuz.
CVX reportedly joins YPF and Pluspetrol to back TGS's $3B Argentina NGL project, boosting odds of a final investment decision.
Chevron Corp. is open to expanding its Middle East footprint despite the ongoing Iran conflict that has triggered an unprecedented disruption of global energy markets, said Chief Executive Officer Mike Wirth. He speaks to Annmarie Hordern at the Bloomberg Energy Security Executive Briefing in Houston.
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CVX's Tengiz project expansion lifts output capacity to 1M BOE/d, positioning the asset to drive cash flow, production growth and returns through 2030.
Ten years ago, Chevron (NYSE:CVX | CVX Price Prediction) was clawing out of the 2014 to 2016 oil crash, when Brent collapsed from $111.80 in June 2014 to $30.70 in January 2016.
CVX seeks approval for a $13.8-billion Vaca Muerta shale project in Argentina, a move that could rank among its largest energy investments.
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E & PETRONAS officially form Searah, a Southeast Asian energy JV, targeting output growth from more than 300,000 Boe/d to above 500,000 Boe/d in three years.
MTDR's new agreements with Energy Transfer aim to improve natural gas pricing, boost cash flow and reduce exposure to the weak Waha Hub markets.