Chevron's Trading Volume Hits 12.07 Billion, Ranks 48th Amid Oil Price Slump and Capital Cutbacks

On June 4, 2025, Chevron's trading volume reached 12.07 billion, ranking 48th in the day's stock market. Chevron (CVX) fell by 1.56%.

Chevron's stock price experienced a decline due to a significant drop in oil prices. The company's shares fell by 1.56% as the market reacted to the lower crude oil prices, which impacted the company's revenue and profitability. This decline in oil prices was driven by concerns over global demand and increased supply from OPEC+ countries.

Additionally, Chevron's stock price was affected by the company's decision to reduce its capital expenditure for the year. The company announced that it would cut its capital spending by 10% due to the uncertain economic outlook and lower oil prices. This decision was seen as a prudent move by the company to conserve cash and maintain its financial stability.

Furthermore, Chevron's stock price was impacted by the company's decision to suspend its share buyback program. The company announced that it would temporarily suspend its share buyback program due to the uncertain economic outlook and lower oil prices. This decision was seen as a prudent move by the company to conserve cash and maintain its financial stability.