Chevron's Trading Volume Plummets 60.21% to 14 Billion, Slips to 41st in Market Rankings

On June 23, 2025, Chevron (CVX) experienced a significant decline, with its trading volume dropping by 60.21% to 14.00 billion, placing it at the 41st position in the day's stock market rankings. The stock price fell by 1.81%.

Chevron has been actively seeking to divest its assets in Asia. The company has put up for sale its 50% stake in the Singapore Refining Company (SRC), inviting non-binding bids from various parties, including its joint venture partner PetroChina. This move is part of Chevron's broader strategy to streamline its operations and focus on more profitable ventures.

In addition to its asset divestment, Chevron has made significant strides in the domestic lithium sector. The company's U.S. unit acquired leasehold interests in approximately 125,000 net acres across northeast Texas and southwest Arkansas. This acquisition marks Chevron's entry into the domestic lithium market, aiming to support U.S. energy security and capitalize on the growing demand for lithium in the electric vehicle industry.

Chevron is also facing legal challenges, as the U.S. Supreme Court agreed to hear an appeal from the company and other oil and gas majors regarding lawsuits brought by two Louisiana localities. These lawsuits accuse the companies of causing damage to the state's coastline, highlighting the ongoing environmental and legal issues that Chevron must navigate.

Despite these challenges, Chevron remains a key player in the energy sector, with a strong focus on innovation and sustainability. The company recently collaborated with Halliburton to develop a new process for intelligent hydraulic fracturing, which enables closed-loop, feedback-driven operations. This technological advancement is expected to enhance operational efficiency and reduce environmental impact.