Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
The new sharewise is here Clearer, faster, with a light and a dark view — and everything you already know. Try it now
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Chevron Stock Popped on Monday

TheMotleyFool 
0 0 10.08.26
Why Chevron Stock Popped on Monday: https://g.foolcdn.com/editorial/images/882753/a-barrel-of-oil-is-tipped-over-to-pour-money-on-two-people-running-to-catch-it.jpg
 

War. Huh? What is it good for? Well, apparently it's good for oil prices and oil stocks -- (NYSE: CVX) in particular.

Global demand for oil amid Mideast turmoil spurred Chevron to raise its production forecast to between 4 million and 4.1 million barrels per day for this year, as TheFly.com reported late Friday. At the same time, Chevron advised that its capital spending will be closer to $18 billion than $19 billion.

Investors liked the news, and Chevron stock is up 3.2% through 10:15 a.m. ET this morning.

Continue reading


Source Fool.com

Chevron Corp. Stock

€170.62
0.160%
Chevron Corp. gained 0.160% compared to yesterday.
The stock is one of the favorites of our community with 47 Buy predictions and 1 Sell predictions.
As a result the target price of 179 € shows a slightly positive potential of 4.91% compared to the current price of 170.62 € for Chevron Corp..
Show more
Like: 0
CVX
Share

Comments

Not a member yet? Sign up for free!