Chevron is trading 3.7% up at €157.90 following a sharp jump in crude oil prices and positive company-specific developments.
- Crude prices surged due to renewed U.S.–Iran tensions near the Strait of Hormuz, providing a significant tailwind for energy majors leveraged to oil.
- The stock is also gaining from a licensing deal for its Vantis surfactant technology and bullish analyst commentary regarding its power and refining outlook.