NEW YORK, December 28, 2025, 22:52 ET — Market closed
- Chevron last traded at $150.02, down 0.3% from its prior close.
- Brent and U.S. WTI crude futures rose about 0.9% late Sunday on renewed Middle East tensions.
- Traders are watching Monday’s open for follow-through in crude and the next earnings timing, which MarketBeat estimates for late January.
Oil prices rose nearly 1% late Sunday on renewed Middle East tensions, setting the tone for Chevron Corp when U.S. equity trading resumes on Monday.
Chevron shares last traded down 0.3% at $150.02.
The weekend move matters for Chevron and other oil majors because crude prices feed directly into expectations for production earnings and cash returns. The rebound follows a Friday slide tied to fears of a global supply glut and headlines around Russia-Ukraine peace talks.
Brent, the global oil benchmark, is down about 19% this year and is on track for its biggest annual fall since 2020, pressuring the sector into year-end.
Brent crude futures — contracts that let traders lock in a price for later delivery — rose 56 cents to $61.20 a barrel. U.S. West Texas Intermediate (WTI), the main U.S. crude benchmark, gained 51 cents to $57.25, Reuters reported.
“The main reason prices are rising is that geopolitical tensions remain elevated,” said Yang An, a China-based analyst at Haitong Futures, pointing to weekend strikes on energy infrastructure. Reuters
Saudi air strikes in Yemen and Iran’s assertion it is in a “full-scale war” with the U.S., Europe and Israel have also unsettled the market, the report said. Oil had fallen more than 2% on Friday. Reuters
Chevron last traded down 44 cents from its prior close. Exxon Mobil slipped 0.1% and ConocoPhillips fell 0.3% at their last trade.
Chevron is an integrated producer, meaning it both pumps oil and gas and refines crude into fuels. Higher crude prices typically support the production business, while refining can soften the hit when oil falls.
Investors will watch whether the overnight rise in crude holds into New York hours and whether geopolitical headlines keep risk premiums in prices. The peace talks have not produced a breakthrough, Reuters reported.
IG analyst Tony Sycamore said WTI is expected to trade in a $55-$60 range, with markets also watching U.S. enforcement actions against Venezuelan oil shipments and any fallout from U.S. military action in Nigeria.
Before the next session, traders will also contend with thin, year-end liquidity, which can magnify price moves in both crude and energy equities.
Chevron has not confirmed the date for its next quarterly report, but MarketBeat’s earnings calendar estimates the company will report around Jan. 30, before the market opens.
Chevron traded between $149.65 and $151.51 on Friday, leaving the stock hovering around $150 into Monday. U.S. stock markets will be closed on Jan. 1 for New Year’s Day, according to the NYSE holiday schedule.
