Chevron Stock Plunges 8% on Oil Futures Decline

Generated by AI AgentAinvest Movers Radar
Friday, Apr 11, 2025 6:43 pm ET1min read

Chevron's (CVX) stock price fell to its lowest level since February 2022 today, with an intraday decline of 2.18%.

Chevron's stock price has been influenced by recent market developments. As of April 10, 2025, Chevron's stock was down 8% following a decline in West Texas Intermediate crude oil futures. Lower oil prices have negatively impacted energy producers, particularly those who are unhedged and have specific breakeven levels.

Additionally, there is a high likelihood that

may reduce its current stock buyback run rate from the recent annual pace according to Scotiabank's analysis. This potential reduction in stock buybacks could further impact investor sentiment and contribute to the downward pressure on Chevron's stock price.

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