Stocks
Chevron Stock Holds Firm Above $211 Resistance Amid Equinor Partnership
Chevron's stock price remains above its key moving averages and is supported by steady short-term momentum.
The company's partnership with Equinor on Namibia's PEL 90 project brings new capital and diversifies development risk, supporting Chevron's longer-term growth trajectory.
Chevron declared a $1.78 per share quarterly dividend, maintaining its commitment to consistent shareholder returns.
The stock is expected to trade in a range of $200.74 to $211.56 over the next 2-3 days, with a 78% probability assigned to gains and a 22% chance of retracement in the short term.