Chevron Stock Under Pressure Amid Bearish Technical Signals

Chevron's stock price is currently trading at $205.57 after a marginal move lower, sitting just above its short-term and long-term moving averages but below its medium-term average.

The company has announced plans to increase exploration spending by over 50% in 2025, targeting around 20 new wells and more frontier basin activity.

Chevron is also expanding Venezuelan crude output and aiming for a capital strategy that balances new projects with lower-carbon investments.

Technical signals remain bearish, with expected trading between $201.95 to $209.19 in the near term.