Weaver Capital Management LLC, Woodmont Investment Counsel LLC, Marietta Wealth Management LLC, and several other financial entities significantly increased their stakes in
Chevron Corporation (NYSE:CVX). Conversely,
Private Wealth Partners LLC, Garland Capital Management Inc., and others reduced their holdings.
HSBC downgraded Chevron from 'Buy' to 'Hold', simultaneously lowering its price target. Chevron has shown interest in the domestic
lithium sector for improving US energy security. In addition, the corporation looks for potential buyers to
divest its 50% share in a Singapore Refinery, a strategic step aimed at cost-cutting. Despite some market dips, Chevron managed to gain, drawing more attention from investors. Moreover,
Chevron's shares climbed by
1.9%, maintaining its status as a stock worth buying. With its latest strategic moves in the lithium sector, the corporation's stocks experienced an increase. The company's entry into the US lithium sector was facilitated by the acquisition of lithium-rich acreage. The Supreme Court is to hear a water pollution lawsuit filed against Chevron. Finally,
Chevron terminated its Venezuela contracts, but chose to retain its staff.
Chevron Corporation CVX News Analytics from Tue, 15 Apr 2025 07:00:00 GMT to Sat, 21 Jun 2025 11:34:46 GMT -
Rating 7
- Innovation 0
- Information 6
- Rumor -2
