Chevron has agreed to sell several Asia-Pacific refining and retail assets to Japan's Eneos for $2.17 billion, as it continues to streamline its international portfolio.
Eneos Holdings said on Thursday it will buy Chevron's 50% stake in Singapore Refining Company and other assets in Southeast Asia and Australia for $2.2 billion.
Chevron's rising production, strong cash returns and expanding high-margin oil assets are driving renewed investor optimism in 2026.
Chevron (NYSE:CVX | CVX Price Prediction) has rallied hard off late-2025 lows, riding a sharp move in WTI crude from $60.04/bbl in January to $100.32/bbl by April.
Geopolitical conditions heavily shape oil prices. When conflict erupts near oil-producing regions, prices spike, and naturally, when peace prevails, they fall.
The stock market keeps acting like nothing can go wrong.
Chevron strengthens LNG as a stable cash engine, backed by massive projects, long-term contracts and expanding U.S. export commitments.
The headline numbers for Chevron (CVX) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
The S&P 500 has gained 5% this year, but there's the risk of a crash later in the year.
Shares in Exxon, Chevron, and Occidental Petroleum tumble on signs that the Trump administration is close to agreeing a peace deal.
Chevron CEO Mike Wirth warns global oil shortages are coming as the Strait of Hormuz closure disrupts supply chains, with gas prices up over 41%.
Chevron and Micron ride energy strength and AI chip demand, with strong earnings momentum and sector tailwinds positioning both stocks for May upside.