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Chevron Stock Soars 3.26% on Innovative Fracturing, Renewable Fuel Advances
Generated by AI AgentAinvest Pre-Market Radar
Friday, Jun 13, 2025 6:22 am ET1min read
On June 13, 2025, Chevron's stock rose by 3.26% in pre-market trading, reflecting a positive market sentiment towards the company's recent developments and strategic initiatives.
Chevron, in collaboration with
, has introduced an advanced method for closed-loop, feedback-driven completions in Colorado. This innovative fracturing technique uses automated stage execution combined with subsurface feedback to efficiently energy into the wellbore, reducing the need for human intervention. This new development builds on prior autonomous hydraulic fracturing capabilities, offering a more refined approach to energy delivery.Additionally,
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, such as sustainable aviation fuel (SAF) and renewable diesel. This collaboration aims to utilize abundant but underutilized wood-based biomass as a valuable resource for renewable fuel production, contributing to the reduction of greenhouse gas emissions.
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