Energy Stocks Surge Amid Escalating Iran Conflict
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: NASDAQ.COM
- Oil Price Surge: The escalating conflict with Iran has led to a more than 44% increase in Brent crude prices over the past month, rising from $107 to a projected range of $150-$200, which has sparked a rush of investment into energy stocks, indicating strong market confidence in the sector.
- Chevron's Strong Performance: Chevron (CVX) shares have risen over 13% during the same period, with a current price-to-earnings ratio of 10.7, exceeding its five-year average of 8.3, reflecting investor recognition of its robust upstream operations in North America and other regions, particularly amid the closure of the Strait of Hormuz.
- Oneok's Growth Potential: Oneok (OKE) stock has increased by 13.7% in the past month, with its diversified midstream assets and over 90% fee-based revenue model providing strong risk mitigation in transporting natural gas and crude oil, projecting that natural gas liquids and gathering will account for 62% of net income by 2026.
- Commitment to Shareholder Returns: Chevron has raised its dividend for 39 consecutive years, currently offering a 3.5% forward yield, while Oneok provides a 4.5% yield with plans for annual growth of 3% to 4%, demonstrating both companies' strong commitment to returning capital to shareholders.
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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: 211.150
Low
158.00
Averages
176.95
High
206.00
Current: 211.150
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.
Middle East Conflict Escalates Oil Prices
- Oil Price Surge Expected: Following Iran's rejection of the U.S. peace plan, experts predict Brent crude prices could soar from $107 to between $150 and $200, indicating the profound impact of Middle Eastern tensions on the global energy market.
- Chevron Stock Rise: Over the past month, Chevron's stock has risen more than 13%, currently trading at $210.65 per share with a market cap of $420 billion, reflecting investor confidence bolstered by its strong upstream operations in North America.
- Oneok's Steady Growth: Oneok's stock has increased by 13.7% in the past month, with projections indicating that by 2026, natural gas and natural gas liquids will account for 35% and 27% of net income respectively, showcasing its diversified midstream assets that mitigate single commodity risks.
- Dividend Returns Attract Investors: Chevron has raised its dividend for 39 consecutive years, currently offering a 3.5% yield, while Oneok provides a 4.5% yield with plans for annual growth of 3% to 4% in the coming years, appealing to investors seeking stable returns.
See More
Dow Jones Index Approaches Correction Territory
- Dow Jones Volatility: The Dow Jones Industrial Average briefly slipped into correction territory, down 10% from its previous high, but slightly rebounded on March 30, 2026, indicating market uncertainty that could lead to another drop.
- Chevron's Strong Performance: Chevron (CVX) has been the best-performing stock year-to-date, benefiting from skyrocketing oil and gas prices due to Iran's closure of the Strait of Hormuz, with a market cap of $420 billion and projected annual EPS and free cash flow growth exceeding 10%, making it a solid hedge for investors.
- Challenges for JPMorgan Chase: JPMorgan Chase (JPM) has struggled in 2026 as rising oil prices raise inflation concerns, yet it maintains a strong balance sheet with a market cap of $765 billion, positioning it well for potential economic downturns.
- Walmart as a Safe Haven: Walmart (WMT) has attracted investors during market volatility, with its stock rising year-to-date and a market cap of $985 billion, leveraging its low-price leadership and robust e-commerce platform to potentially outperform most stocks in a significant market pullback.
See More
Energy Stocks Surge Amid Escalating Iran Conflict
- Oil Price Surge: The escalating conflict with Iran has led to a more than 44% increase in Brent crude prices over the past month, rising from $107 to a projected range of $150-$200, which has sparked a rush of investment into energy stocks, indicating strong market confidence in the sector.
- Chevron's Strong Performance: Chevron (CVX) shares have risen over 13% during the same period, with a current price-to-earnings ratio of 10.7, exceeding its five-year average of 8.3, reflecting investor recognition of its robust upstream operations in North America and other regions, particularly amid the closure of the Strait of Hormuz.
- Oneok's Growth Potential: Oneok (OKE) stock has increased by 13.7% in the past month, with its diversified midstream assets and over 90% fee-based revenue model providing strong risk mitigation in transporting natural gas and crude oil, projecting that natural gas liquids and gathering will account for 62% of net income by 2026.
- Commitment to Shareholder Returns: Chevron has raised its dividend for 39 consecutive years, currently offering a 3.5% forward yield, while Oneok provides a 4.5% yield with plans for annual growth of 3% to 4%, demonstrating both companies' strong commitment to returning capital to shareholders.
See More
Chevron Thrives Amid Soaring Oil Prices, Walmart and JPMorgan Chase Remain Strong Picks
- Chevron's Strong Performance: Chevron (NYSE: CVX) has emerged as the best-performing stock in the Dow Jones Industrial Average due to Iran's effective closure of the Strait of Hormuz, with significant year-to-date gains and projected average annual earnings per share and free cash flow growth exceeding 10%, making it a top choice for investors.
- JPMorgan Chase's Resilience: Although JPMorgan Chase (NYSE: JPM) has underperformed in 2026, it has been named the best private bank globally, boasting a robust balance sheet that should provide resilience during a potential economic downturn, with a current price-to-earnings ratio of only 13.4, indicating undervaluation.
- Walmart as a Safe Haven: Walmart (NASDAQ: WMT) remains a favorite among investors during market volatility, with its stock rising year-to-date; its position as a low-price leader and strong e-commerce platform suggest it will outperform most stocks in a significant market pullback.
- Long-Term Investor Appeal: Despite not being recommended by The Motley Fool Stock Advisor, Chevron's strong performance and stable dividend yield of approximately 3.4% continue to make it attractive for long-term investors in an uncertain market environment.
See More
South Korea Proposes ₩26.2 Trillion Budget to Address Energy Crisis
- Budget Proposal: The South Korean government has proposed a supplementary budget of ₩26.2 trillion (approximately $17.1 billion) to address rising energy prices due to the Middle East conflict, aiming to alleviate economic pressure on households and industries.
- Key Measures: Of this, ₩10.1 trillion will be specifically allocated to ease high oil prices, alongside support for exporters and increased grants to local governments, all aimed at fostering economic recovery.
- Need for Fiscal Support: Minister of Planning and Budget Park Hong-geun emphasized the necessity of swift fiscal support to alleviate hardships faced by citizens, ensuring that the momentum of economic recovery is not lost.
- Funding Sources: The budget will be financed through tax revenues from booming chip exports and a rally in the stock market, with expectations for parliamentary approval by April 10, reflecting the government's strong commitment to economic stability.
See More
Trump Considers Ending War in Iran Amid Oil Price Fluctuations
- Oil Price Fluctuations: Oil prices reversed course as traders reacted to Trump's statements about potentially ending U.S. operations against Iran, with WTI futures dropping 0.72% to $102.14 per barrel and Brent crude falling 1% to $111.55, indicating market sensitivity to geopolitical risks.
- Escalating Military Threats: Trump threatened to attack Iran's energy infrastructure if Tehran does not reopen the Strait of Hormuz, which could escalate regional tensions and disrupt global energy supply chains, reflecting the precarious balance of power in the region.
- Ongoing Conflict: The Iran war has entered its fifth week, with Tehran striking a fully laden Kuwaiti oil tanker, prompting firefighting operations in Dubai's port, although no injuries were reported, highlighting the conflict's expanding impact on maritime security.
- Ground Troop Considerations: Trump is reportedly weighing the option of deploying ground forces to seize Kharg Island, a critical fuel hub, which could increase U.S. casualties and extend the war's duration and costs, raising concerns among experts about the potential consequences of such actions.
See More
Middle East Conflict Escalates Oil Prices
- Oil Price Surge Expected: Following Iran's rejection of the U.S. peace plan, experts predict Brent crude prices could soar from $107 to between $150 and $200, indicating the profound impact of Middle Eastern tensions on the global energy market.
- Chevron Stock Rise: Over the past month, Chevron's stock has risen more than 13%, currently trading at $210.65 per share with a market cap of $420 billion, reflecting investor confidence bolstered by its strong upstream operations in North America.
- Oneok's Steady Growth: Oneok's stock has increased by 13.7% in the past month, with projections indicating that by 2026, natural gas and natural gas liquids will account for 35% and 27% of net income respectively, showcasing its diversified midstream assets that mitigate single commodity risks.
- Dividend Returns Attract Investors: Chevron has raised its dividend for 39 consecutive years, currently offering a 3.5% yield, while Oneok provides a 4.5% yield with plans for annual growth of 3% to 4% in the coming years, appealing to investors seeking stable returns.
See More
Dow Jones Index Approaches Correction Territory
- Dow Jones Volatility: The Dow Jones Industrial Average briefly slipped into correction territory, down 10% from its previous high, but slightly rebounded on March 30, 2026, indicating market uncertainty that could lead to another drop.
- Chevron's Strong Performance: Chevron (CVX) has been the best-performing stock year-to-date, benefiting from skyrocketing oil and gas prices due to Iran's closure of the Strait of Hormuz, with a market cap of $420 billion and projected annual EPS and free cash flow growth exceeding 10%, making it a solid hedge for investors.
- Challenges for JPMorgan Chase: JPMorgan Chase (JPM) has struggled in 2026 as rising oil prices raise inflation concerns, yet it maintains a strong balance sheet with a market cap of $765 billion, positioning it well for potential economic downturns.
- Walmart as a Safe Haven: Walmart (WMT) has attracted investors during market volatility, with its stock rising year-to-date and a market cap of $985 billion, leveraging its low-price leadership and robust e-commerce platform to potentially outperform most stocks in a significant market pullback.
See More
Energy Stocks Surge Amid Escalating Iran Conflict
- Oil Price Surge: The escalating conflict with Iran has led to a more than 44% increase in Brent crude prices over the past month, rising from $107 to a projected range of $150-$200, which has sparked a rush of investment into energy stocks, indicating strong market confidence in the sector.
- Chevron's Strong Performance: Chevron (CVX) shares have risen over 13% during the same period, with a current price-to-earnings ratio of 10.7, exceeding its five-year average of 8.3, reflecting investor recognition of its robust upstream operations in North America and other regions, particularly amid the closure of the Strait of Hormuz.
- Oneok's Growth Potential: Oneok (OKE) stock has increased by 13.7% in the past month, with its diversified midstream assets and over 90% fee-based revenue model providing strong risk mitigation in transporting natural gas and crude oil, projecting that natural gas liquids and gathering will account for 62% of net income by 2026.
- Commitment to Shareholder Returns: Chevron has raised its dividend for 39 consecutive years, currently offering a 3.5% forward yield, while Oneok provides a 4.5% yield with plans for annual growth of 3% to 4%, demonstrating both companies' strong commitment to returning capital to shareholders.
See More
Chevron Thrives Amid Soaring Oil Prices, Walmart and JPMorgan Chase Remain Strong Picks
- Chevron's Strong Performance: Chevron (NYSE: CVX) has emerged as the best-performing stock in the Dow Jones Industrial Average due to Iran's effective closure of the Strait of Hormuz, with significant year-to-date gains and projected average annual earnings per share and free cash flow growth exceeding 10%, making it a top choice for investors.
- JPMorgan Chase's Resilience: Although JPMorgan Chase (NYSE: JPM) has underperformed in 2026, it has been named the best private bank globally, boasting a robust balance sheet that should provide resilience during a potential economic downturn, with a current price-to-earnings ratio of only 13.4, indicating undervaluation.
- Walmart as a Safe Haven: Walmart (NASDAQ: WMT) remains a favorite among investors during market volatility, with its stock rising year-to-date; its position as a low-price leader and strong e-commerce platform suggest it will outperform most stocks in a significant market pullback.
- Long-Term Investor Appeal: Despite not being recommended by The Motley Fool Stock Advisor, Chevron's strong performance and stable dividend yield of approximately 3.4% continue to make it attractive for long-term investors in an uncertain market environment.
See More
South Korea Proposes ₩26.2 Trillion Budget to Address Energy Crisis
- Budget Proposal: The South Korean government has proposed a supplementary budget of ₩26.2 trillion (approximately $17.1 billion) to address rising energy prices due to the Middle East conflict, aiming to alleviate economic pressure on households and industries.
- Key Measures: Of this, ₩10.1 trillion will be specifically allocated to ease high oil prices, alongside support for exporters and increased grants to local governments, all aimed at fostering economic recovery.
- Need for Fiscal Support: Minister of Planning and Budget Park Hong-geun emphasized the necessity of swift fiscal support to alleviate hardships faced by citizens, ensuring that the momentum of economic recovery is not lost.
- Funding Sources: The budget will be financed through tax revenues from booming chip exports and a rally in the stock market, with expectations for parliamentary approval by April 10, reflecting the government's strong commitment to economic stability.
See More
Trump Considers Ending War in Iran Amid Oil Price Fluctuations
- Oil Price Fluctuations: Oil prices reversed course as traders reacted to Trump's statements about potentially ending U.S. operations against Iran, with WTI futures dropping 0.72% to $102.14 per barrel and Brent crude falling 1% to $111.55, indicating market sensitivity to geopolitical risks.
- Escalating Military Threats: Trump threatened to attack Iran's energy infrastructure if Tehran does not reopen the Strait of Hormuz, which could escalate regional tensions and disrupt global energy supply chains, reflecting the precarious balance of power in the region.
- Ongoing Conflict: The Iran war has entered its fifth week, with Tehran striking a fully laden Kuwaiti oil tanker, prompting firefighting operations in Dubai's port, although no injuries were reported, highlighting the conflict's expanding impact on maritime security.
- Ground Troop Considerations: Trump is reportedly weighing the option of deploying ground forces to seize Kharg Island, a critical fuel hub, which could increase U.S. casualties and extend the war's duration and costs, raising concerns among experts about the potential consequences of such actions.
See More
