Chevron (CVX) saw its shares climb 1.79%, closing at $181.23, as the stock tracked a broader energy sector rally fueled by rising WTI crude prices amid escalating U.S.-Iran geopolitical tensions.
- The rally was supported by WTI crude rising 3.5% to $65.30 due to risks concerning the Strait of Hormuz.
- Market rotation favored value stocks, with the Dow rising 0.73% while the Nasdaq declined 2%.
- The stock traded slightly lower after hours, settling at $181.05.