Chevron stock price currently at $151

Currently at $151.55, Chevron stock price reflects cautious market sentiment ahead of federal interest rate decisions. Energy analysts emphasize that higher rates could marginally temper sector investment but sustained oil benchmarks may offset this impact. Falling back towards $60 a barrel, the recent surge in crude oil prices was short-lived, with it being noteworthy that these levels are below the threshold for peak profitability. That's a negative and a positive. The upstream is hurt when oil prices are weak, but the downstream uses oil as an input and can actually benefit from low energy prices. The end result is that the integrated model helps to soften, but not eliminate, the revenue and earnings swings that occur because of volatile energy prices. It is a relatively stable way to invest in oil and natural gas, but it still exposes investors to commodity volatility. Chevron stock price closed at $153.27 after outperforming S&P Energy Index peers. Investment banks project a 12-month target of $165, citing Chevron’s robust balance sheet and ongoing share repurchase program.