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American multinational energy corporation Chevron Corp Stock Crashes

Chevron Corp. shares inched 0.35% higher to $103.56 Thursday. This proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.06% to 4,159.12 and the Dow Jones Industrial Average DJIA rising 0.55% to 34,084.15. This rise snapped a two-day losing streak.

Chevron Corp. closed $9.55 short of its 52-week high ($113.11), which the company achieved on May 10th.The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Exxon Mobil Corp. XOM fell 0.24% to $58.84, Royal Dutch Shell PLC ADR Cl A RDS.A rose 1.15% to $39.73, and Total SE ADR TOT rose 0.79% to $47.14. Trading volume (9.7 M) remained 99,099 below its 50-day average volume of 9.8 M.

American multinational energy corporation Chevron Corp Stock CrashesChevron Corp is offering to sell about 29,540 hectares of oil and gas properties in New Mexico. The oil firms accelerate divestitures in a rebounding oil market.Sales in the Permian Basin of West Texas and New Mexico have jumped as shale producers and private-equity firms seize on a sizzling recovery in oil prices to buy companies or secure new drilling prospects.

The company set a May 20 deadline for bids on acres holding more than 1,000 producing wells with $1.1 million in combined monthly revenue, according to a sales document. The company is investing an additional $20 million in the Adopt-a-Port initiative with California renewable natural gas provider Clean Energy Fuels Corp.

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