Chevron stock eyes oil’s rebound as traders await U.S. inventory data

Chevron stock eyes oil’s rebound as traders await U.S. inventory data

NEW YORK, December 29, 2025, 02:14 ET — Market closed.

  • Chevron ended Friday down 0.32% at $150.02, closing out a quiet post-holiday session.
  • Crude prices rose about 1% early Monday on geopolitics, a key read-through for big oil shares.
  • Traders are watching U.S. inventory data due later Monday and Chevron’s next earnings window.

Chevron (CVX.N) shares last settled down 0.32% at $150.02 on Friday, as investors headed into the final week of the year with crude prices rebounding early Monday after weekend geopolitical headlines. [1]

The move matters because Chevron, like other integrated oil majors, often trades with crude prices, especially when company-specific news is scarce and year-end liquidity is thin.

Oil benchmarks rose in early trading, setting up energy shares for a macro-driven open once U.S. equities reopen later Monday. [2]

Chevron ended Friday at $150.02, down 48 cents, after trading between $149.65 and $151.14, Nasdaq data showed. [3]

The S&P 500 Energy sector index fell 0.28% on Friday, broadly tracking crude’s late-week softness. [4]

Brent crude futures, the global benchmark, rose 63 cents, or 1.04%, to $61.27 a barrel, while U.S. West Texas Intermediate (WTI), the U.S. benchmark, gained 58 cents, or 1.02%, to $57.32. [5]

“This may be what’s driving market concerns about potential supply disruptions,” Yang An, a China-based analyst at Haitong Futures, said, pointing to heightened Middle East tensions. [6]

Crude had fallen more than 2% on Friday as investors weighed fresh worries about a global supply glut and the possibility of progress toward a Ukraine peace deal. [7]

Brent is down 19% year-to-date, putting oil on pace for its biggest annual loss since 2020, despite a late-December bounce off near-five-year lows, Reuters reported. [8]

Before the next session, traders will focus on the U.S. Energy Information Administration’s Weekly Petroleum Status Report, scheduled for release Monday at 10:30 a.m. Eastern after a Christmas-related delay. [9]

The report tracks crude and refined fuel inventories — stockpiles — a closely watched gauge of short-term supply and demand that can swing oil prices and, by extension, energy equities.

Chevron investors are also looking ahead to quarterly results; Nasdaq’s earnings calendar estimates the company will report on Jan. 30. [10]

IG analyst Tony Sycamore said in a note that WTI is expected to trade within a $55-to-$60 range, keeping the focus on macro headlines rather than company specifics for large producers. [11]

For CVX, the $150 area has acted as a near-term pivot. A drop below Friday’s $149.65 low would leave the stock vulnerable to a deeper pullback, while a push above $151.14 would put last week’s highs back in view. [12]

References

1. www.nasdaq.com, 2. www.reuters.com, 3. www.nasdaq.com, 4. www.spglobal.com, 5. www.reuters.com, 6. www.reuters.com, 7. www.reuters.com, 8. www.reuters.com, 9. www.eia.gov, 10. www.nasdaq.com, 11. www.reuters.com, 12. www.nasdaq.com

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