From The Motley Fool · Matthew Benjamin · · 1m
Chevron Stock Hits Record High
Chevron's stock reached a record high of $222.04, but analysts say it remains a buy despite oil price volatility.
In brief
Chevron's stock reached a record high of $222.04, but analysts say it remains a buy despite oil price volatility. Chevron's stock hit a record high of $222.04 but remains a buy as it benefits from Venezuela's oil reserves and refining capacity. Originally reported by The Motley Fool.
Chevron stock hits record high
Chevron's stock reached a record high of $222.04 on Oct. 14, 2026, trading just below that level as of 4:00 PM ET 10/30/26.
Stock performance in 2026
Chevron climbed 45% in 2026, outperforming the broader market and hitting a record high after a strong year.
Venezuela oil deal impact
Chevron benefits from Trump's deal with Venezuela, gaining control of 65 billion barrels of proven reserves.
Mediterranean expansion
Chevron is expanding operations in the Mediterranean Sea with new seismic research agreements off Greece.
Refining capacity advantage
Chevron's refinery can process an additional 100,000 barrels per day of Venezuelan crude due to global refining shortages.
The main idea
Chevron's stock hit a record high of $222.04 but remains a buy as it benefits from Venezuela's oil reserves and refining capacity.
