Why Chevron Stock Dropped Again Monday
Oil prices crashed again Monday morning, with Brent crude futures falling 5.6% and WTI down 5.9% through 10:50 a.m. ET.
As you'd expect, oil stocks are following oil prices lower, with Chevron Corp (NYSE: CVX) stock down 3.1% -- but here's the thing: A 3.1% drop in Conoco stock is only about half the drop in Brent prices, for example.
So why isn't Chevron stock down even more?
Source Fool.com
Chevron Corp. Stock
€163.76
1.880%
With 50 Buy predictions and 1 Sell predictions Chevron Corp. is one of the favorites of our community.
With a target price of 174 € there is a slightly positive potential of 6.25% for Chevron Corp. compared to the current price of 163.76 €.
