Bearish
Chevron's stock drops 2.32% to $187.58 amid institutional sell-off and oil price decline.
In the past 24 hours, Chevron's stock declined by 2.32% to $187.58, influenced by a significant reduction in holdings by Rokos Capital Management and a broader downturn in oil prices. The stock's intraday high was $191.98, with a low of $186.77. The market capitalization stands at approximately $372.5 billion, with a P/E ratio of 32.68 and an EPS of 5.74.
Key points
- Institutional Selling: Rokos Capital Management LLP reduced its Chevron stake by 78.4%, selling 423,113 shares and retaining 116,387 shares valued at approximately $24.1 million.
- Oil Price Decline: Chevron's stock price fell amid a sharp decline in crude oil prices and broader energy-sector weakness.
- Upcoming Earnings Report: Chevron is scheduled to release its second-quarter 2026 earnings on July 31, 2026, with analysts anticipating earnings per share of $5.70.
Sources
- Chevron Corporation $CVX Shares Sold by Rokos Capital Management LLPMarketBeat · July 28, 2026
- UBS eleva la estimación de BPA de Chevron por mayores precios del crudo y márgenesInvesting.com · July 9, 2026
- Advisory: Chevron Corporation’s 2Q 2026 Earnings Conference Call and WebcastNasdaq · July 2, 2026
AI-generated from public news sources. Not financial advice.
