New York, February 27, 2026, 19:05 EST — After-hours
Chevron Corp (CVX.N) finished Friday up 1.41% at $186.76 in New York. Shares have climbed roughly 23% year-to-date. Finviz
Chevron tracked the climb in crude. Brent finished 2.45% higher at $72.48 a barrel, while U.S. crude picked up 2.78% to close at $67.02, after nuclear negotiations between the U.S. and Iran dragged on into next week with no breakthrough. “Uncertainty prevails, fear is pushing prices higher today,” said Tamas Varga, oil analyst at PVM brokerage. Reuters
Deal chatter gave traders more to chew on. Citing an Office of Foreign Assets Control document, Reuters reported that Washington has moved the deadline for would-be buyers of Lukoil’s overseas assets out to April 1. A Chevron collaboration with Texas-based Quantum Capital Group is in the mix for the assets, which sources peg around $22 billion. Reuters
Iraq’s oil minister said production at the massive West Qurna 2 field might jump to 750,000–800,000 barrels a day if Chevron steps in to run operations after Lukoil. The potential handover still requires sign-off, the minister noted. According to Reuters, Chevron hasn’t replied to a request for comment. Reuters
Beyond energy, inflation data weighed on the wider market. U.S. producer prices climbed 0.5% in January, signaling more wholesale inflation. “Wider margins for producers could add some upside for consumer costs in coming months,” said Ben Ayers, senior economist at Nationwide. Reuters
The S&P 500 slipped 0.43% Friday, while the Dow dropped a sharper 1.05%, with investors mulling concerns over stretched valuations and the potential fallout from artificial intelligence on company fortunes. Energy stocks managed to hold up better than most. Reuters
Exxon Mobil moved up 2.67%. Valero Energy saw a smaller uptick, adding 0.42%. Marathon Petroleum headed the other way, down 1.42%, according to MarketWatch data. MarketWatch
Still, crude’s risk premium—the cushion built in for potential supply shocks—tends to disappear quickly. Barclays notes that Brent might shed $3 to $5 a barrel without a major disruption, though the bank says a jump to $80 is possible if outages take hold. Reuters
Chevron is promising both production growth and more money back for shareholders. On Jan. 30, the company projected its 2026 output would climb 7% to 10%, not counting any divestments—thanks in large part to its projects in Guyana and the U.S. Gulf of Mexico. “As we look for opportunities to grow, we will stay disciplined around capital,” CFO Eimear Bonner told analysts during the earnings call. Reuters
There’s now a date for Chevron’s next dividend. The company bumped its quarterly payout up 4%, to $1.78 per share. Investors holding shares as of Feb. 17 will get paid on March 10. SEC
Macro investors are eyeing the upcoming Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred measure of inflation, set for release on March 13. Bureau of Economic Analysis
Energy traders won’t have to wait long for fresh headlines. OPEC+—that’s Saudi Arabia, the UAE, and other oil heavyweights—gathers this Sunday, March 1. Reuters says the group is eyeing a 137,000 bpd output bump for April. “The boost in exports will definitely create a short-term buffer of any Strait of Hormuz disruptions and/or any shipping companies deciding to avoid the region,” TP ICAP analyst Scott Shelton told Reuters. Reuters
