CVX is trading at $179.57 (-3.02%) as oil prices tumble following progress in U.S.-Iran peace talks and reported de-escalation in the Strait of Hormuz.
- Brent crude fell over 7% toward the $100/barrel mark, extending yesterday's -3.88% decline for the stock.
- The move comes as the energy sector faces heavy pressure, bucking slight gains in the broader S&P 500.
- No company-specific news emerged; the price action is driven entirely by macro-level sector weakness.