Chevron stock edges up as oil rallies and Frontera signs $120 mln supply deal
Chevron shares rose 0.6% to $150.95 in early New York trading Monday after Frontera Energy signed a two-year, $120 million crude supply deal with a Chevron unit. Kazakhstan’s CPC Blend exports dropped 19% in December after a drone attack, while output at the Chevron-led Tengiz field fell 10%. Oil prices gained over $1 a barrel as geopolitical tensions increased.