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. Nasdaq

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. Reuters

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

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

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. Reuters

“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. Reuters

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. Reuters

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. Reuters

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. U.S. Energy Information Administration

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. Nasdaq

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. Reuters

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. Nasdaq

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