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Better Oil Stock: Chevron vs. Occidental Petroleum

TheMotleyFool 
0 0 05.05.26
Better Oil Stock: Chevron vs. Occidental PetroleumPhoto, wide shot, wide-angle lens, Coal company, neutral atmosphere, photo by Galina Stepanova: https://img.theapi.app/temp/0e838f13-fa33-4583-92e9-bf3375dacf70.png
 

Over the past three months, WTI crude oil prices have nearly doubled to about $100 per barrel. The main catalyst that drove oil prices higher was the outbreak of the Iran War in late February, which throttled global oil deliveries through the Strait of Hormuz.

That conflict generated fierce headwinds for companies that relied on low and stable oil prices. However, it generated tailwinds for oil stocks like (NYSE: CVX) and Occidental Petroleum (NYSE: OXY), which have risen 8% and 33%, respectively, over the past three months. Should you invest in either of these oil stocks right now?

Image source: Getty Images.

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Source Fool.com

Chevron Corp. Stock

€175.20
1.340%
There is an upward development for Chevron Corp. compared to yesterday, with an increase of €2.32 (1.340%).
With 47 Buy predictions and 1 Sell predictions Chevron Corp. is one of the favorites of our community.
With a target price of 182 € there is a slightly positive potential of 3.88% for Chevron Corp. compared to the current price of 175.2 €.
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