Chevron Soars 3.88% on Hydrogen, Permian Gains

On July 18, 2025, Chevron's stock price surged by 3.88% in pre-market trading, reflecting a strong start to the day's trading session.

Chevron's strategic investments in low-carbon hydrogen projects are expected to drive long-term growth. The company has submitted an application to build a large-scale low-carbon hydrogen and ammonia production facility in Texas, with a planned investment of $50 billion. This project is aligned with the U.S. Inflation Reduction Act's 45V tax credit policy, which offers significant incentives for hydrogen production. Chevron's involvement in the HyVelocity Hub project, alongside other major energy companies, underscores its commitment to developing a robust hydrogen ecosystem.

Chevron's leadership in the Permian Basin continues to be a key driver of its financial performance. The company's oil production targets in the region are on track, with the potential to increase annual cash flow by $5 billion. This strategic focus on high-margin operations is expected to enhance Chevron's profitability and financial stability.

Chevron's recent strategic moves, including its investments in low-carbon hydrogen and its strong performance in the Permian Basin, are likely to have a positive impact on its stock price. These initiatives not only align with global sustainability trends but also position the company for long-term growth and profitability.