U.S. Gulf of Mexico oil production is recovering after Hurricane Isaias shut down 72% of output, with major producers like Shell, Chevron, and BP resuming operations. U.S. crude inventories fell by 3.2 million barrels, while exports rose significantly. Meanwhile, Russia announced a diesel supply deal to Ukraine, though unconfirmed by either side, easing some supply concerns. However, geopolitical risks persist with Iran's dissatisfaction over Strait of Hormuz conditions and ongoing Middle East refining outages. Natural gas inventories in the U.S. improved but global LNG supply remains tight due to reduced Qatar exports. Oil prices show technical signs of potential gains, with Brent crude breaking higher and WTI testing resistance levels, reflecting cautious optimism amid supply uncertainties.
Following the recent shifts in oil production and supply dynamics, Chevron Corp (CVX) remains resilient on Pluang, trading at USD 212.53 as of Oct 12, 2026 14:01 WIB. The stock shows a modest 1-day gain of 0.26%, holding close to its 52-week high of USD 217.73, supported by a strong market cap of $415.82 billion and a dividend yield of 3.36%. This stability comes amid ongoing geopolitical and supply uncertainties highlighted in the latest market developments.
Chevron has maintained a 39-year streak of raising dividends through various oil market challenges, including crashes and the pandemic. Despite a first-quarter 2026 cash flow shortfall covered by the balance sheet, the company recovered strongly in t...
Oil prices have reached $100 a barrel amid Tropical Storm Isaias, which is expected to become a hurricane and impact the northern Gulf Coast. The storm has already shut in about 25% of Gulf oil production and forced evacuations on several offshore pl...
Hess Midstream shares fell over 16% following Chevron's agreement to transfer its ownership interests in Hess Midstream and DJ Basin crude oil assets. This deal revises Bakken midstream contracts, expected to cut Chevron's unit midstream costs by abo...
Chevron CEO Mike Wirth cautioned that a US ban on diesel exports would reduce global supply and potentially worsen the energy crisis. Despite President Trump's earlier threat, the ban was dropped after Europe agreed to release fuel reserves. Wirth hi...
