Chevron Drops 43rd in Trading Volume as it Makes Major Lithium Sector Move

On June 18, 2025, Chevron (CVX) experienced a significant decline, with its trading volume dropping by 25.86% to 12.49 billion, ranking 43rd in the day's stock market activity. The stock price decreased by 0.42%.

Chevron has made a strategic move into the lithium sector by acquiring approximately 125,000 net acres in northeast Texas and southwest Arkansas. This acquisition marks Chevron's entry into the U.S. lithium market, aiming to support energy manufacturing and expand domestic critical mineral supplies. The company plans to use innovative direct lithium extraction (DLE) methods, which are more environmentally friendly compared to traditional mining techniques. This investment aligns with Chevron's strategy to leverage its strengths in subsurface resource development and value chain integration, positioning the company to meet the growing demand for lithium in electric vehicle batteries and energy storage systems.

Chevron's acquisition includes two separate deals, one from TerraVolta Resources and the other from East Texas Natural Resources. The acreage spans across a region known for its lithium extraction activities, joining other major oil companies like Exxon Mobil Corp., Occidental Petroleum, and Equinor. The move is part of a broader effort to reduce reliance on foreign countries for critical minerals, including China, which currently dominates the supply chain. Chevron's entry into the lithium sector is seen as a strategic investment to support domestic energy leadership and meet the increasing demand from customers.