Chevron Stock Falls 2.9% as Energy Sector Experiences Selloff

Chevron's stock fell by 2.9% on September 16, 2026, after reaching its fresh 52-week high of $217.78 just a day prior. The shares closed at $211.40 on the New York Stock Exchange, marking a decline from the previous close of $217.77.

The energy sector as a whole experienced a selloff, with Chevron and Exxon Mobil falling by around 2.9% and 3.5%, respectively. This contrasted with the broader market, where the S&P 500 dropped by about 0.4% to finish near $7,551.81.

The decline in Chevron's stock price erased part of its gains made since hitting its 52-week high. Energy stocks like Chevron are sensitive to changes in monetary policy and inflation, which may continue to impact the company's performance in the coming days.