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Chevron's $1.01 Billion Trading Day Ranks 78th Amid Safety Scrutiny and Stock Gains
Generated by AI AgentAinvest Volume Radar
Monday, Jun 9, 2025 8:00 pm ET1min read
On June 9, 2025,
(CVX) saw a trading volume of $1.01 billion, ranking 78th in the day's market activity. The stock rose by 0.39%, marking its second consecutive day of gains, with a total increase of 2.82% over the past two days.Chevron's CEO, Mike Wirth, had previously urged additional safety measures weeks before a deadly fire on the company's Angola oil platform on May 20, 2025. This incident resulted in the loss of three lives and injuries to 17 workers, sparking renewed scrutiny over the energy company's safety protocols.
In response to the tragedy, Chevron is focusing on strengthening its safety measures, particularly as it plans workforce reductions and conducts an in-depth investigation into the incident. The company's ongoing safety concerns highlight the need for enhanced safety protocols to prevent future incidents.
Despite the safety challenges, analysts remain optimistic about Chevron's stock. The company is rated as "Outperform" by brokerage firms, with a potential upside of over 14% based on current price targets. The average one-year price target set by 21 analysts is $161.15, with estimates ranging from $186.00 to $124.00.
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