Chevron stock on track to close at record


Shares of Chevron Corp. CVX, +0.95% on Thursday were poised to close at a record ahead of the company’s quarterly results on Friday. The stock extended its winning streak for a fourth session, up more than 7% over that period. Chevron is up 16% in January, contrasting with losses of more than 8% for the S&P 500 index SPX, -0.41% and 6% for the Dow Jones Industrial Average DJIA, -0.03%. Chevron is the sole energy stock on the Dow after Exxon Mobil Corp. XOM, was removed from the index in 2020 to make room for Salesforce Inc. CRM, +1.18%. The integrated energy giant is scheduled to report fourth-quarter results before the bell Friday, with analysts polled by FactSet calling for adjusted earnings of $3.14 a share on sales of $45 billion.

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