Chevron Stock Soars 3.33% on New Fracturing Tech

On June 13, 2025, Chevron's stock rose by 3.33% in pre-market trading, indicating a strong start to the day's trading session.

Chevron, in collaboration with Halliburton, has developed a new intelligent hydraulic fracturing technology. This technology combines automation with real-time feedback from underground, allowing for optimized energy delivery to the wellbore without human intervention. This advancement enhances the efficiency and consistency of the fracturing process, marking a significant leap in autonomous hydraulic fracturing technology.

Chevron's focus on digital automation and real-time feedback has revolutionized the way hydraulic fracturing operations are conducted in shale and tight rock formations. The new method allows operations to adapt in real-time to local conditions, rather than relying on performance predictions. This real-time adaptive feedback loop is expected to further enhance efficiency and overall asset performance.

In another significant development, Chevron Lummus Global (CLG) and Neste have joined forces to innovate in the field of renewable fuels. Their collaboration aims to convert wood-based cellulose biomass into high-quality, low-emission renewable fuels, such as sustainable aviation fuel (SAF) and renewable diesel. The partnership has reached a crucial milestone, with trial results showing significant performance improvements over existing technologies. The companies are now validating the technology with the goal of scaling it up for commercial use.

This collaboration leverages Neste's expertise in renewable fuels and CLG's advanced refining technologies. The successful concept validation represents a major step forward in the commercial production of renewable fuels from abundant but technically challenging wood-based cellulose materials. This partnership is expected to pave the way for the production of renewable fuels, utilizing a versatile and scalable technology platform.