Why Chevron Stock Rose 9.2% in September

Shares of oil-industry bigwig Chevron (NYSE: CVX) rose 9.2% in September to $117.50 per share, just a nickel away from its all-time split-adjusted high. While that sounds impressive, it was middle-of-the-road performance for the month, which saw rising crude oil prices and broad gains across the oil sector.

However, it lagged the overall oil and gas market, as measured by the SPDR S&P Oil & Gas Exploration & Production ETF.

The stock market rewarded oil-industry player Chevron in September, pushing its stock to near-record split-adjusted highs. Image source: Getty Images.

Source: Fool.com