Why Chevron Stock Jumped 23% in the First Half of 2022
Shares of Chevron (NYSE: CVX) jumped 23.4% over the first six months of the year, according to data provided by S&P Global Market Intelligence, as energy prices surged throughout the period.
While the per-barrel price of oil peaked in March, it continues to be elevated and remains around $100 per barrel today. It's notable, though, that beginning in June, Chevron stock has given back about 20% of its gains as fears of a recession loom.
Image source: Getty Images.
Source Fool.com