On August 4, Chevron declined 3.11% in regular trading to $188.33 per share, with turnover of $291 million, amid a broad energy sector selloff.

The decline was driven by two converging forces. First, crude oil prices plunged sharply as markets anticipated US-Iran diplomatic de-escalation following the cancellation of a planned military strike over the weekend. WTI crude fell 6.7% to $78.97 per barrel, while Brent dropped 5.8% to $82.81. Second, President Trump publicly criticized Chevron and ExxonMobil for earning too much money from the supply shortage, demanding they return part of their profits to the public and lower retail gasoline prices immediately.

Chevron reported record Q2 earnings of $12 billion last Friday, up nearly 400% year-over-year, with adjusted EPS of $6.06 beating the $5.56 consensus estimate. Trump specifically stated that oil companies are profiting excessively from the Iran conflict-driven supply disruption and must cut consumer-facing prices. The Energy Select Sector SPDR ETF declined 1.3% pre-market, with peers including Exxon Mobil down 2.26%, BP down 3.76%, and Occidental down 1.89%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)