Chevron's Stock Declines Despite Oil Price Surge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 18 2026
0mins
Should l Buy CVX?
Source: seekingalpha
Chevron Corp's stock fell by 5.03% in pre-market trading, hitting a 5-day low.
This decline comes despite a recent surge in global oil prices, with Brent crude rising by 43% in March, which previously boosted Chevron's stock by 10.8%. The company is also nearing a significant production deal with Venezuela, which could enhance its output and growth prospects. However, the current market sentiment appears to be influenced by broader economic concerns, leading to sector rotation away from energy stocks.
Investors are closely monitoring Chevron's upcoming earnings call scheduled for May 1, 2026, where the company will provide updates on its financial performance and strategic direction.
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Analyst Views on CVX
Wall Street analysts forecast CVX stock price to fall
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 190.360
Low
158.00
Averages
176.95
High
206.00
Current: 190.360
Low
158.00
Averages
176.95
High
206.00
About CVX
Chevron Corporation is an integrated energy company. The Company produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance its business and industry. The Company’s segments include Upstream and Downstream. Upstream operations consist primarily of exploring for, developing, producing and transporting crude oil and natural gas; liquefaction, transportation and regasification associated with LNG; transporting crude oil by major international oil export pipelines; processing, transporting, storage and marketing of natural gas; carbon capture and storage; and a gas-to-liquids plant. Downstream operations consist primarily of the refining of crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels, and transporting of crude oil and refined products by pipeline, marine vessel, motor equipment and rail car.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Reaction: Following the blockade news, Asian markets fell in early Monday trading, and U.S. futures also tumbled, with Dow Jones Industrial Average futures losing 517 points, indicating a pessimistic sentiment among investors regarding the economic outlook.
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- McDonald's Business Model: Although McDonald's (MCD) is not currently in Buffett's portfolio, its strong brand, reliable cash flow, and a current dividend yield of 2.4% make it a smart investment choice, having raised dividends for 49 consecutive years.
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