Chevron Shares Soar 3.01% on Innovative Fracturing Process

On June 13, 2025, Chevron's stock rose by 3.01% in pre-market trading, reflecting a positive market sentiment towards the company's recent developments and strategic initiatives.

Chevron, in collaboration with Halliburton, has developed a new intelligent fracturing process that combines automated stage execution with subsurface feedback. This innovation allows for the optimization of energy delivery into the wellbore without the need for human intervention, enhancing the efficiency and consistency of the fracturing process. The technology leverages digital automation and real-time feedback from the subsurface, enabling a closed-loop system that adjusts fracturing behavior to improve asset performance.

Additionally, Chevron Lummus Global (CLG) and Neste have made significant progress in developing a new technology that converts wood-based biomass into high-quality, low-emission renewable fuels. This collaboration aims to transform wood fiber cellulose waste into sustainable aviation fuel (SAF) and renewable diesel, addressing the growing demand for renewable energy sources and contributing to greenhouse gas reduction goals. The successful validation of this technology marks a crucial milestone in the effort to commercialize the production of renewable fuels from abundant but technically challenging wood fiber cellulose materials.