Chevron

Exxon Mobil and Chevron shares surged over 20% year-to-date, reaching record highs as crude oil approached $100 per barrel due to supply fears. U.S. oil producers benefit from domestic output buffering global disruptions in the Strait of Hormuz. This sector strength offsets broader market declines, with the Dow down 6% monthly. Analysts warn of inflation risks persisting post-conflict.

Chevron shares climbed 30% year-to-date as of March 13, 2026, buoyed by Brent oil breaking $100 per barrel on supply concerns from Middle East tensions. The energy major benefited from higher crude prices despite broader market declines. ConocoPhillips saw minor premarket pullback but remains elevated. Investors eye sustained oil gains boosting Big Oil profits amid inflation trade.