Chevron stock price reached $154

Chevron stock price reached $154.05 this morning, boosted by optimism in the refining segment. The latest U.S. EIA report showed petroleum product demand improving, which often enhances Chevron’s downstream margins and can sustain stock momentum. Berkshire has been an amazing stock performer in recent decades, but we should expect somewhat slower growth going forward. It will still grow, though, and the company has been built to last, encompassing scores of wholly owned subsidiaries (such as GEICO and the BNSF railroad) and lots of stocks, too. (It owns more than 21% of American Express , for example, 37% of Sirius XM Holdings , and 9% of Coca-Cola .) However, the average CVX price target of $171.00 suggests an 11.50% growth potential from the current level. The latest Chevron stock price closed at $151.90, reflecting a steady recovery from last week’s dip. Technical indicators show the 50-day moving average trending upward, suggesting bullish momentum. Market strategists note that continued demand for LNG exports could drive valuations higher in Q3.