Chevron is trading 3.1% up at $193.36 as crude oil prices surge following a sharp increase in geopolitical risks.

  • Renewed Middle East tensions, including U.S.-Saudi strikes on Iran-aligned forces and Iranian missile activity, have pushed oil prices up more than 3–4%.
  • The move is primarily driven by broader energy sector strength tied to the spike in crude, with no company-specific headlines reported for Chevron this morning.