Chevron Tied to Peace Talks as Stock Price Fluctuates
Chevron (NYSE:CVX) has been making headlines as it moves in tandem with the peace talks between the United States and North Korea.
The oil major's stock price has fluctuated in recent weeks, but one thing is clear - its performance is closely tied to the progress of the negotiations.
Chevron's CEO, Michael Wirth, has remained tight-lipped about the company's involvement in the talks, but industry insiders believe that the company may be using its influence to push for a peaceful resolution to the conflict.
The company's stock price rose by 2.5% on June 12th after reports emerged of a potential breakthrough in the talks, but it quickly fell back down as the news was met with skepticism by investors.