Chevron Stock Jumps on Strong Earnings Prospects and Overseas Growth

Chevron's stock price jumped 1.4% on Thursday to $207.08 per share, trading as high as $207.41.

The company's strong earnings record has analysts predicting another beat in its next quarterly report.

Chevron affiliate Harmattan Energy agreed to acquire Trago Energy's 10% participating interest in Namibia's offshore Petroleum Exploration License 90 for $11 million plus contingent payments.

Investors are also highlighting longer-term growth drivers, including progress from the Hess acquisition and potential energy and crude-supply opportunities in Vietnam.