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Chevron (CVX) Surges as Brent Crude Oil Hits $93 Amid Supply Fears

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Chevron is rallying as Brent crude prices surge past $93 per barrel due to geopolitical supply fears in the Middle East.
  • While the company boasts record earnings and production, the stock is now trading significantly above its valuation estimate, making it vulnerable to a sudden price correction if tensions ease.
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BRENT price history

102.39 +57.72% over the displayed period

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