Overview
- Chevron shares climbed to a new 52-week high above $205, lifting its value to about $410 billion as investors sought a perceived safer way to gain from higher crude prices.
- Oil prices jumped toward or above $95 to $100 per barrel after the U.S.–Iran war disrupted the Strait of Hormuz, a chokepoint that carries roughly one-fifth of the world’s oil.
- HSBC upgraded Chevron to Buy with a $215 price target, citing the company’s smaller footprint in the Middle East compared with some peers.
- Chevron’s latest quarter showed $3.0 billion in adjusted profit, $10.8 billion in cash from operations, a 4% dividend increase to $1.78, record 2025 production of 3.7 million barrels oil-equivalent per day, and new exploration positions in Libya and Greece.
- The stock now trades near 25 times trailing earnings with a yield in the mid‑3% range, which leaves it vulnerable if tensions cool and crude prices fall, even as gas costs have jumped more than 30% in some states since the war began.