CVX is trading 3.1% up at $179.37 in pre-market sessions after Iraq progressed multiple agreements with a Chevron-led consortium to develop key oil fields and strategic export pipelines.
- The deals significantly expand Chevron’s role in Iraq’s infrastructure and upstream projects, strengthening the company's long-term growth outlook in the region.
- The stock is showing notable company-specific strength, outperforming broader equity futures which are currently trading lower.