Chevron's $2.361 Billion Trading Day Propels It to 52nd in Market Rankings

On April 9, 2025, Chevron's trading volume reached $2.361 billion, marking a 31.41% increase from the previous day. This surge placed Chevron at the 52nd position in the day's stock market rankings. Chevron's stock price rose by 6.65%.

Chevron is set to significantly increase the use of the 'triple-frac' technique in the Permian Basin. This method involves fracturing subterranean rock in three wells simultaneously, aiming to enhance efficiency and reduce operational costs. The company began implementing this technique in March 2024 and plans to apply it to 50% to 60% of its wells in the basin. This strategic move is expected to cut costs and time, making Chevron's operations more competitive in the region.