From Yahoo Finance: 2025-04-08 11:50:00

In the first quarter of 2025, the Nasdaq Composite dropped 10.4%, but Chevron stock surged 15.5%. This was due to Chevron’s strong operational performance, dividend increase, and positive production and cash flow guidance for the future, as reported by S&P Global Market Intelligence.

Chevron had a record-breaking year in 2024 with a 7% increase in worldwide production and a 19% increase in U.S. production. The company returned a record $27 billion to shareholders in dividends and share repurchases, while also starting new projects in the Gulf of Mexico and Kazakhstan.

Chevron’s stock saw gains in March due to rising crude oil prices and the company’s acquisition of a 5% stake in Hess. However, in April, Chevron stock gave up its Q1 gains amid President Trump’s tariffs and falling crude oil prices, dropping 14.9% this month.

Despite recent volatility, Chevron remains a strong investment opportunity. With its focus on production growth and cost reduction, the oil giant is expected to generate strong cash flows and pay bigger dividends, making it an attractive option for investors looking for long-term growth.

Read more: Why Chevron Stock Soared 15.5% in Q1 While the Nasdaq Plunged 10%