finance.yahoo.com

Chevron Shares Rise 3% as Iran Strikes Push WTI Above $86

Chevron logoChevron
Sig2.83Sen+1.90Env0.00Soc0.00Gov0.00
Exxon Mobil logoExxon Mobil
Sig1.87Sen+2.70Env0.00Soc0.00Gov0.00

U.S. and Iran resumed military strikes over the weekend, while shipping through the Strait of Hormuz stayed constrained, lifting WTI crude to about $86.06 per barrel. Chevron shares rose around 3% in Monday trading, with the stock up 36% year to date, as higher crude boosts upstream realizations and supports integrated earnings.

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