Chevron Shares Rise 3% as Iran Strikes Push WTI Above $86
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.
Coverage (5)
- Brent oil price above $96 per barrel after Iran fires missiles at Kuwait (cnbc.com)
- US strikes on Iran push Brent oil toward $95 per barrel (finance.yahoo.com)
- Chevron Leads Energy Stocks Rally as U.S.-Iran Conflict Sends Oil Prices Higher (finance.yahoo.com)
- Chevron and Exxon Mobil Rise 3% as U.S. Strikes on Iran Push WTI Crude Oil to $86 (finance.yahoo.com)
- Chevron and Exxon Mobil Rise 3% as U.S. Strikes on Iran Push WTI Crude Oil to $86 (247wallst.com)