Chevron's $1.244 Billion Trading Day Ranks 40th as Lithium Acquisition Boosts Stock Price

On June 17, 2025, Chevron (CVX) saw a trading volume of $1.244 billion, ranking 40th in the day's stock market activity. The company's stock price rose by 1.94%, marking its eighth consecutive day of gains and an 8.74% increase over the past eight days.

Chevron has made a significant move into the domestic lithium sector, acquiring approximately 125,000 net acres in the Smackover Formation, spanning northeast Texas and southwest Arkansas. This strategic investment is aimed at supporting U.S. energy security and expanding critical mineral supplies. The acquisition includes two separate deals, one from TerraVolta Resources and the other from East Texas Natural Resources. Chevron plans to use the direct lithium extraction (DLE) process, which is considered more environmentally friendly compared to traditional mining methods.

Jeff Gustavson, president of Chevron New Energies, highlighted the importance of establishing domestic and resilient lithium supply chains. This move aligns with Chevron's approach of developing solutions, scaling them, and accelerating their implementation based on market conditions. The acquisition is part of Chevron's broader strategy to leverage its strengths in subsurface resource development and value chain integration, positioning the company to safely deliver lower carbon energy to a growing world.