CVX
Energy · Integrated Oil & GasCHEVRON CORP
$198.67
+0.60%
AI Research
Oil tops $100 on Iran → Chevron +1.3%, 15-20% workforce cut announced
Chevron shares are gaining as crude oil topped $100 per barrel amid tensions at Iran's key export terminal, with shares trading near $198, near the top of the day's $195–$198.55 range. Barclays raised its price target to $180 maintaining an Overweight rating, while the company plans a 15–20% workforce reduction to cut costs. Chevron also sold Angola offshore blocks to Energean for $260 million and is advancing the Aphrodite gas field development offshore Cyprus.
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